The online processing of refund applications and single authority disbursement has been implemented. The taxpayers are advised to take note of the following changes: 1. Refund applications filed by the taxpayers in RFD-01 form shall be processed electronically/ online by the tax-officer and all communications between …
August was considered as the lowest month of GST revenue collections whereas the September collection has broken the record of 19- month low GST revenue collection.Widening slowdown in economy sharply dropped the Goods and Services Tax (GST) collections to a 19-month low of Rs 91,916 crore …
Upto date list of services covered under GST RCM as on 01.10.2019. Categories of supply of services where GST is to be paid on reverse charge basis.Section 9(3) of the CGST/ SGST (UTGST) Act and section 5(3) of the IGST Act deals with the GST on …
The Government of Rajasthan has issued a Rate Notification dated September 30, 2019, which amends the GST Rate of Goods, GST Rate of Services & the Compensation Cess which are to be made effective from October 01, 2019. In exercise of the powers conferred by sub-section …
Finance Minister Nirmala Sitharaman on Friday said the ministries have cleared most of the dues of goods and services to suppliers, priority given to MSMEs, and the remaining payments will be done in the next few days.She said, “Close to 90 percent of the outstanding GST …
Another scam of Rs. 400 crore has been unearthed by the Directorate General of GST Intelligence in which 20 exporter firms/companies based on the National Capital Region (NCR) allegedly availed Goods and Services Tax refund in connivance with units in Gujarat’s Kandla Special Economic Zone.The Directorate …
GST (IT backbone of the indirect tax system) Network brings relief for the taxpayers where they will be able to claim refunds online from Thursday onwards. This new system will allow the taxpayers to file refund application online (in RFD 01 form) easily and also tax …
The Commissioner of State Tax, Jammu and Kashmir vide Notification No. 62 dated September 25, 2019 has notified that no E-way bill shall be required for Intra-state movement of goods within the state of Jammu and Kashmir. The E-way bill exemption shall be applicable irrespective of …
Bengal finance minister Amit Mitra has urged N.K. Singh, chairman of the Fifteenth Finance Commission, to extend the tenure of the GST compensation to states by three years. The Fifteenth Finance Commission was set up in 2017 to give recommendations for the devolution of taxes and …
