If you have a business, you might want to read this. The GST council made a decision in their most recent meeting to double the current GST limit for MSMEs to ₹ 40 lakhs from the previous ₹20 lakhs. The […]
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The last date to file income tax returns for business in India for the financial year 2017-18 has been extended to October 31, 2018. Previously, the last date for filing IT returns was pegged on October 15, 2018. The deadline […]
Are you a frequent user of Rupay debit cards, BHIM app, Aadhaar, UPI or USSD transactions? If yes, you may now enjoy a special GST cashback. In an attempt to promote cashless transactions in rural and semi-rural India, the government […]
GST return filing just got easier! In a meeting held by the GST council on July 21, 2018 – the council decided upon some crucial changes to help ease the GST process for businesses across the country. The changes should […]
It’s already been a year since the Goods and Services Tax took effect in India. At about this time last year (2017), the entire nation was waiting for a revolution to happen. GST was all set to change the landscape of […]
The intelligence unit of GST, The Directorate General of Goods and Services Tax Intelligence (DGGSTI) has reportedly arrested a business that used fake invoices to claim Rs. 450 crore Input Tax Credits. The estimated value of these fake purchases was Rs […]
Still wrapping your head around GST return filing? Don’t worry, you aren’t alone. In recent GST news, word is that businesses won’t have to file multiple returns anymore. Approved by the Group of Ministers that handle GST, this proposed model will […]