From 1st January 2021, Registered persons with an aggregate turnover of more than Rs. 100 crore in any Financial year from 2017-18, would be required
Category: Top Stories
What is Rule 86B? Restriction on Use of ITC
Rule 86B imposes restriction on utilisation of the amount available in the electronic credit ledger while making tax payment of GST. The newly introduced Rule
Burden of proof under Goods and Service Tax (GST)
What is ‘Burden of proof’? The principle of Burden of proof is based on the concept of onus probandi (burden of proof)and factum probans (proving
Monthly GST filing may not be required once E -invoicing is fully implemented
Once the e-invoicing system is fully implemented, the government is planning to bid farewell to the GST system of monthly return filing. This will serve
Are you unknowingly being part of Fake GST ITC Syndicate?
Recently Directorate General of Goods and Services Tax Intelligence (DGGI) has been all over in news during the past few weeks for the GST scams
Small Taxpayers Given Major Relief | 42nd GST Council Meet Highlights
Today on 5th October 2020, GST Council Meeting was held. Though the meeting was in news due to the deadlock between the Centre and States
GST Annual Return for FY 18-19 Extended to 31st OCT 20
The desperately and eagerly awaited news of the extension of GST Annual Return for Financial Year 2018-19 finally arrived at noon of the last filing
Dream11 ‘s Parent Company Raises $225 Million To Reach $ 2.5 Bn Valuation
Dream11, the online fantasy sports platform has been creating a lot of buzz in the news market recently for all the right reasons. The parent
REVERSE CHARGE MECHANISM (RCM) UNDER GOODS & SERVICE TAX (GST)
Background & raison d’être: Charge of the tax under reverse charge Mechanism (RCM) was introduced during the period of Service tax. To collect Service tax
GST Compensation Pay: New battleground between Centre and States
At the time of inception of GST regime, it was assured to the states vide GST laws that there would be a 14% increase in
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