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Comprehensive explanations, FAQs, and updates about Tax, Finance, and Compliance.
Book a free consultation with our tax and legal experts and get your ITR filed today with maximum tax savings.
Comprehensive explanations, FAQs, and updates about Tax, Finance, and Compliance.
Book a free consultation with our tax and legal experts and get your ITR filed today with maximum tax savings.
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Explore common challenges in GST assessments like strict deadlines and notices, plus practical strategies to overcome them effectively. Read More…
Sale of receivables is GST-exempt, but processing fees are taxable. Mixed finance charges generally attract tax at the highest applicable rate. Read More…
Clarify GST implications on interest charged for overdue invoices. Learn about valuation rules, tax rates, and specific exemptions. Read More…
India’s November 2022 GST revenue rose 11% YoY to Rs 1.46 lakh crore. This marks the ninth consecutive month collections exceeded Rs 1.4 lakh crore. Read More…
The 44th GST Council Meeting reduced GST rates on essential COVID-19 supplies. These temporary cuts apply until September 30, 2021. Read More…
India’s August 2022 GST revenue rose 28% year-on-year to exceed Rs 1.4 lakh crore. Robust imports and better compliance drove this growth. Read More…
India’s dual GST model allows simultaneous Centre and State taxation. This structure ensures fiscal federalism, simplifies compliance, and lowers tax burdens. Read More…
The 46th GST Council deferred the GST rate hike for textiles to 12% but maintained the increase for footwear pending further review. Read More…
CBIC’s new tax portal simplifies access to GST and Customs data. It features advanced search tools and downloadable official documents for stakeholders. Read More…
The 47th GST Council Meeting authorized GSTR-3B amendments, rate rationalization, and e-commerce relief while withdrawing specific exemptions. Read More…
GST registration now requires mandatory geolocation for business premises. New map integration and auto-fill features streamline the process. Read More…
India collected ₹1,51,718 crore in GST in October 2022, the second-highest ever. Festive spending and stricter compliance drove the surge. Read More…