GST collections scaled record high of Rs 1.06 lakh crore in March, up from Rs 97,247 crore in the previous month, as compliance improved amid increase...
FIEO Urged MSME Exporters to Register LUT for GST Exemption by March 31, 2019
The facility of Letter of Undertaking (LUT) under Goods and Service Tax (GST), which is required for supply of exports/supply to SEZ units or develope...
Rs 224 Crore GST Fraud Detected
Officials of the Central GST have unearthed an alleged tax fraud of Rs 224 crore by a group of eight companies, which generated fake invoices worth Rs...
GST Cut For Real Estate Will be a Booster: Moody’s
The GST Council had decided to cut goods and services tax (GST) rate on affordable homes to 1 per cent without input tax credit (ITC) from earlier 8 p...
GST Council Reduced Tax Slabs for Under Construction Real Estate Projects
The GST Council slashed tax rates on under-construction housing properties to 5 per cent without the input tax credit, from the existing 12 per cent. ...
Can MSMEs Become Priority Segment In The Election Year?
There are important elements such as industrial development, credit availability, credit affordability, and MSMEs’ overall growth and positive ecosyst...
GST Collection in January 2019 Crossed 1 Lakh Crore
“The total gross GST Revenue collected in the month of January, 2019 has today crossed Rs 1 lakh crore. This has been a significant improvement over c...
Can We Expect This Year’s Budget as Outcome Budget?
Analysis by Faiz Askari of SMEStreet Ideally, being the sixth union budget presented by finance minister Mr. Piyush Goyal must illustrate the outcomes...
To Curb Tax Evasion GSTN System to Fetch E-Way Bill Data into Monthly Sales Returns
“To avoid double data entry, GSTN has provided a facility to taxpayers, where month's e-way bill data is shown in format, which is required by a taxpa...
National Bench for GST Appellate Tribunal (GSTAT) is Created
GSTAT is the forum of second appeal in GST laws and the first common forum of dispute resolution between Centre and States. The appeals against the or...
