Extend Deadlines for IT, GST Returns / Audits: CA Bodies pleads to PM Modi
Once again, several Chartered Accountant (CA) associations across India have come together to request prime minister Narendra Modi to extend…
Category: GST News
U Turn by Centre: Will Borrow On Behalf Of States To Meet GST Shortfall
The Centre borrowing on behalf of states is likely to ensure that a single rate of borrowing is charged and…
20 states to mobilise ₹68,825 cr to meet GST revenue shortfall: Centre to facilitate
The 20 states, who have exercised Option-1, have become eligible to raise an amount of ₹68,825 crore through open market borrowings…
GST Council meet: Opposing states wanted a GoM on borrowing issue,dispute resolution mechanism
The Centre’s insistence to not term the borrowing issue as a dispute is primarily based on concerns that states might…
Finance Secretary : E-Invoicing to replace e-way bill system soon
Finance Secretary Ajay Bhushan Pandey on Friday said that e-invoicing will soon replace the existing e-way bill system. Further, it…
GST e-invoicing for all B2B transactions from April 1, 2021 : Finance Secretary
The government will roll out the electronic invoicing (e-invoicing) system for all business-to-business (B2B) transactions under the Goods and Services…
COVID-19 impact: Tourism industry seeks reduction in GST rate, tax benefits to revive sector
According to them, the Covid-19 pandemic has wreaked havoc on the travel, tourism and hospitality industry, resulting in a loss…
Pre-filled GST returns to be the new norm from Jan,1st
Monthly returns of biz transactions in GSTR 3B form will get automatically generated Filing of monthly sales returns in GSTR 1 form…
42nd GST Council meeting to be held at 11 AM today
As per the recent tweet of the Ministry of Finance, Hon’ble Finance Minister Smt, Nirmala Sitharaman will chair the 42nd GST Council…
Govt Sources says GST Council likely to exempt satellite launch services from GST
In a move that the government has termed a historic reform, the Union Cabinet chaired by Prime Minister Narendra Modi…
Stormy GST Council meet likely tomorrow; non-BJP states to oppose Centre’s borrowing option
In the current fiscal, the states are staring at a staggering ₹2.35 lakh crore Goods and Services Tax (GST) revenue shortfall…
Growth in GST receipts and E-way bill generated is indicative of economic recovery being on track: finance secretary
While GST revenue grew 4% year-on-year in September to ₹95,480 crore. Also more than 5.74 crore e-way bills have been…