Tag Archives: GST

NEW DELHI: GST Collections hit a record high of over Rs 1.15 lakh crore in December, reflecting festive demand and a renewed economy. GST gross revenue collected in December 2020 is Rs 1,15,174 crore and is the highest since the introduction of Tax on goods and services since July 1, …

The government has extended the deadline for filing the annual goods and services tax (GST) return for 2019-20 in two months after companies and tax consultants demanded a respite due to complexities in compliance and disruptions due to the Covid-19 pandemic. government officials said. The deadline for submitting the annual …

New Delhi: In view of the coronavirus pandemic, the Ministry of Finance announced on Wednesday the extension of several tax compliance deadlines. The due date for filing the annual return under the Central Goods and Services Tax Act of 2017 for the 2019-20 financial year has been extended to February …

‘Only suspicious or risky traders and operators who fly at night will be affected’ The government has defended its new rule under the Goods and Services Tax (GST) regime, which requires the cash payment of at least 1% of tax obligations for companies with a turnover of more than ₹ …

The government’s decision on the mandatory payment of at least 1 percent of the GST tax liability in cash will only apply to establishments that have an annual turnover of Rs 6 crore and the new rule will not apply to micro and small businesses. companies, and composition distributors, finance …

The new rule that requires companies with a monthly turnover of more than 50 lakh to pay at least 1% of their liability net of goods and services tax (GST) in cash will not affect small businesses and the payment Cash is calculated on the basis of the tax component …

NEW DELHI: Prime Minister Narendra Modi on Friday criticized the West Bengal government for denying its farmers the benefits of ‘Pradhan Mantri Kisan Samman Nidhi’ (PM-KISAN), prompting a strong retort from Prime Minister Mamata Banerjee. The Prime Minister today released more than 18 billion rupees to more than nine million …

As of January 1, 2021, many rules related to the implementation of the Positive Pay system, check fraud, FASTags for all four wheelers in India and the new mode of service of filing property tax returns and Small Business Services (GST) are set to change. Here’s a look at the …

The government has deregistered the goods and services tax (GST) of more than 163,000 business entities due to non-filing of tax returns for more than six months to curb the threat of fugitive operators creating fake companies and profiting fraudulently the income tax credit (ITC) worth billions of rupees, said …

The GST General Directorate of Intelligence (DGGI), Nagpur, has found fraudulent transactions of Rs 290.70 million, including a bogus Input Tax Credit (ITC) of Rs 25.22 million, after searches on a private company and one person has been arrested, an official said. Monday. According to a DGGI release, a Mumbai-based …