GSTR-6 functionality upgraded to allow reporting of negative figures

Last week, the Goods and Services Tax Network (GSTN) introduced a new…

COVID-19: No GST Exemption on Masks, PPEs and Ventilators

It is unlikely that the government would exclude GST on medical products…

CBIC notifies new GST extensions amid COVID-19-led lockdown

In March 2020, our Union FM had announced several relief measures to…
Corporate tax

Bombay High Court Favours Department about TRAN-1 Time Limit

The Bombay High Court states that the tax department has the power…

CBIC Clarifies on Utilisation of ITC in Case of Mergers & Acquisitions

Entities undergoing company reorganisation by merger, demerger, amalgamation, ownership change and asset…

GST Council defers the implementation of new returns and e-invoicing

Finance Minister Nirmala Sitharaman addressed the press meet around 6 p.m. on…
GST Revenue

Edition 2: Important GST tasks that businesses must complete in March 2020

In this edition of GST tasks for March 2020, let’s walk you…

GST Collection for February Stands at Rs 1,05,366 Crore

For February, Rs 1,05,366 crore was the gross GST revenue collected out…

Companies approach court over denial for ITC on gifts and free samples

Few companies approached the Hon’ble Gujarat High Court against the government and…

Edition 1: Important GST tasks that businesses must complete in March 2020

It’s close to that time of the year – March, where the…