The Much-Awaited: Interest on Net GST Liability Notified by the CBIC

The CBIC has notified that from 1st September 2020, interest for delayed…

Taxpayers Under Reporting Turnover to Avail GST Compliance Relaxations

The businesses used to under-report their investments and turnovers to continue the…

GST in July Lower Than June; Insufficient Funds for GST Compensation

The gross collection recorded for July 2020 is Rs 87,422 crore, as…

Govt. plans to drop new GST return system & improve present returns

In a turn of events, the government has indicated plans to revamp…

This is what happens if you miss these 5 GST filings in July’20

“Time and tide wait for none” quoted Geoffrey Chaucer. With deadline extensions…

Nil GSTR-1 filing via SMS and many more updates by GSTN

Goods and Services Tax Network (GSTN) has allowed the filing of nil…
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GST Turns Three! Hits and Misses of India’s Biggest Indirect Tax Reform

Although the GST system brought many businesses together under the framework of…

Summary of CBIC notifications dated 24th June 2020 on GST extensions

The CBIC issued several GST notifications on 24th June 2020. Here’s the…

Late Fee Waiver of Past Returns May Be a Double-Edged Sword

It’s been five days since the 40th GST Council meeting was held…

40th GST Council Meeting LIVE🔴 Updates Post Lockdown

The 40th GST Council meeting will begin today at 11 a.m. at…