Measures and Reliefs announced by Finance Minister amid COVID-19 Outbreak

On March 27, 2020

After the lock down of the whole nation to fight COVID-19 pandemic, the government has decided to counter the outbreak by giving economic and GST reliefs to the common mass. Finance Minister Miss Nirmala Sitharaman announced certain measures and reliefs for the taxpayers. Below are several relief measures relating to Statutory and Regulatory compliance matters […]

Key Outcomes – 3rd National GST Conference

On March 12, 2020

How GST department is monitoring your Tax Credit Claim?

On March 5, 2020

In this GST era, the input tax credit mechanism is such a powerful tool which is utilized by the government to keep watch on all kinds of transactions among the business concerns. You must be thinking, how is this even possible because the money passes through so many direct-indirect channels so its quite tedious task […]

Detailed Concept Paper on Faceless E-Assessment issued by CBIC requesting suggestions from stakeholders

On February 20, 2020

With the ever-advancing technologies and the need to make the complex outdated procedures simple, the Central Board of Indirect Taxes and Customs (CBIC) is taking new measures. A detailed concept paper on Faceless E-Assessment has been issued by CBIC and it has even asked for suggestions from the stakeholders which need to be submitted by […]

Difference between auto-populated data of GSTR-2A shown in GST Login: A Case Study

On February 4, 2020

GST is changing every day and to make it more simple new changes are being introduced to make it more viable and feasible. Let’s have a look at why there is a difference between auto-populated data of GSTR-2A shown in GST login through a case study to make it more easy to understand. Nowadays, the […]

Union Budget 2020 Expectations: GST

On January 27, 2020

Everyone is busy with financial planning for the year 2020 and the Finance Ministry is busy with the planning of the upcoming Budget 2020. The union budget for the fiscal year 2020-21 is scheduled on 1st February 2020 and Sitharaman is all set to present her second budget as a Finance Minister. There are many things on […]

ITC: Conditions To Claim Input Tax Credit under GST

On January 18, 2020

Input Tax for a taxable person is the Goods and Services Tax levied on him/her for the supply of goods or services to him/her, which are used or are intended to be used, for the development of his business. ITC under GST is the most critical activity as well as a matter of concern for […]