GST revenue for October 2021 is second highest so far

The Finance Ministry has announced the gross collections of Goods and Services…

Tamil Nadu AAR: No ITC Claim on Inputs Procured for Promotional Scheme

The Tamil Nadu Authority of Advance Ruling (AAR) ruled that the Input…

Government may relax the GST rules for re-exporting leased aircraft

The Government of India may revisit the GST rules that negatively impact…

GSTN blocks ITC of Rs.14,000 crore and not Rs.6.14 lakh crore

On Tuesday, the GST Network (GSTN) has tweeted that it has blocked…

GST Circular 162/2021 decoded- New time limit and refund of tax paid under wrong tax head clarified

Recently, the CBIC has provided relaxation to taxpayers who earlier deposited taxes…

GSTN Releases Advisory For QRMP Scheme Filers

The Quarterly Return Monthly Payment (QRMP) scheme was introduced on 1st January…

GST Collections for March 2021 at Record Highest Since the Launch of GST

Despite the disruption caused by the COVID-19-induced lockdown during the first half…

FISME: e-Invoicing Might Be a Challenge for Small and Micro Businesses

The Central Board of Indirect Taxes and Customs (CBIC) made e-invoicing mandatory…

Govt. Further Extends Time Limit to Report Dynamic QR Code on B2C Invoices

The Central Board of Indirect Taxes and Customs (CBIC) has extended the…

GST Compensation: Centre Releases Rs.30,000 Crore

The Ministry of Finance released a press note stating that the Central…