The smart Trick of GST News That No One is Discussing
The smart Trick of GST News That No One is Discussing
Blog Article
Despite our here excellent work, govt will get altered everytime. previously we shed as voters got swayed absent less than Modi wave. We have been profitable MP, CG & Rajasthan (in 2019 elections) but missing. I request the people to offer us An additional probability
two. owing date of claiming ITC, earning sales/credit-debit Notice amendments of the economical yr is prolonged upto 30th November of year pursuing the economic yr.
A taxpayer has not submitted GSTR-one because of GSTR-3B not remaining filed for a lot more than two consecutive months (one quarter for many who choose into the QRMP plan).
linked finance ecosystem for procedure automation, greater Management, greater cost savings and efficiency
(1) GST registration may be cancelled or suspended underneath CGST Rule 21A in the discretion from the tax officer in the next situations:
linked finance ecosystem for process automation, better Management, bigger financial savings and productiveness
15:00 (IST) 22 Jun 2024 GST Council Meeting 2024 Live: What can most likely be locations of discussion all through currently’s meeting? Smita Singh, Partner, S&A legislation places of work, reported, “The Council is anticipated to handle and supply clarification on a variety of challenges which need clarification/ resolution for pretty some time now. Probably the most urgent concerns which requires immediate clarification is relevant to on the internet gaming. Previously, on the net gaming companies were charging GST at eighteen% on System fees, but now experience a better tax rate on specified online gaming services.
less than GST, a relevant bash transaction is taxable at eighteen % and its compliance is rather stringent for overseas businesses.
The IGST Act was also amended in part sixteen, that defines a zero-rated source. 3 amendments had been manufactured – (one) To state that offer to SEZ models /developers might be zero-rated only whether it is authorised functions.
Taxpayers by having an annual turnover of under Rs five crore need not fork out interest, late fee or penalty for late filing of GST returns.
It truly is a pleasing coincidence that a handful of months ago India grew to become the globe's fifth greatest economic system. It truly is an opportunity for our youth to innovate applying 5G technology and draw in the eye from the worldPM Modi
WHO warns alarming levels of Bodily inactivity among Indians, says women extra bodily inactive than Adult males
Utilisation of ITC from electronic credit score ledger to discharge much more than 99% of your tax liability for specified taxpayers – with the full taxable worth of supplies exceeding Rs.fifty lakh inside the month, with some exceptions.
three. 28% GST on on-line Gaming: The online gaming providers are already reeling under the affect. nevertheless an assessment of the exact same doesn’t appear to be about the playing cards In spite of a call for reduction from lots of quarters.
Report this page