By: AdminJune 27, 2024Categories: GST Law|GST Portal Updates|Important News4 Min Read The GSTN issued an Update dated June 27, 2024, stating that now make GST Payments through HDFC Bank Payment…
General insurance sector gets Rs 18,000 crore GST bonanza
By: AdminJune 27, 2024Categories: GST Recent News4 Min Read Ahead of the Union Budget, the general insurance sector has received a bumper relief amounting to over Rs 18,000 crore with…
Income Tax Department Releases Complete Income Tax Act, 1961 in PDF form, as amended by the Finance Act, 2024
By: AdminJune 26, 2024Categories: Important News|Income Tax News4 Min Read The Income Tax Department has issued the complete Income Tax Act, 1961 in PDF format, as amended by the Finance…
GST waiver for net components will boost sea food exports
By: AdminJune 26, 2024Categories: GST Recent News4 Min Read Owners of mechanised boats and fishermen feel let down by the Central government as the Finance Ministry has ignored their longstanding…
Businesses in Tamil Nadu, Uttar Pradesh, Maharashtra lead in GST return filing
By: AdminJune 26, 2024Categories: GST Recent News4 Min Read Uttar Pradesh, Tamil Nadu and Maharashtra lead in filing Goods and Services Tax (GST) returns on a monthly basis, showing their…
Madras High Court Rejects GST Registration Cancellation Due to Temporary ID Notice
By: AdminJune 26, 2024Categories: GST Recent News4 Min Read The Madras High Court recently examined a case involving Annalakshmi Stores in Mettur, Tamil Nadu, where the store's GST registration was…
Material Recycling Association seeks GST rate cut on metal waste to boost circular economy
By: AdminJune 26, 2024Categories: GST Recent News4 Min Read The Material Recycling Association of India (MRAI) has made a plea to the Central Government and GST Council to reduce the…
Corporate guarantee relief will not benefit realty, power firms: Experts
By: AdminJune 26, 2024Categories: GST Recent News4 Min Read The Goods and Services Tax (GST) Council’s decision to provide tax exemption on corporate guarantees in two scenarios – transactions that…
Gaming Companies to Benefit from Retro Tax Waiver, Alleviating Rs 1 Lakh Crore Tax Burden
By: AdminJune 26, 2024Categories: GST Recent News4 Min Read The Goods and Services Tax (GST) council has proposed an amendment that would grant the government the authority to override retrospective…
Centre may prepay market loans taken to compensate states for GST revenue loss during Covid yrs
By: AdminJune 26, 2024Categories: GST Recent News4 Min Read The central government may be able to repay Rs 2.69 lakh crore loans it had taken to compensate states for GST…