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Last Date For Filing Final Sales Return Extended

In a bid to provide relief, the government on Wednesday has extended the date to file final sales return for the month of March by another two days till April 13. The sales return is filed in form GSTR-1. Also, the ...

Is GST Paid On Insurance Premiums Eligible For Claiming Tax Benefit?

After the roll out of GST since July, 2017, there has been enforced GST implication on insurance products as well. And as the GST could be a substantial value of the total p...

Housing Sector To See Revival In Q1FY20 After GST And Repo Rate Cut

As against hopes of an yet another dismal year for the housing sector in the wake of elections, a repo rate cut by RBI's MPC and the earlier GST rejig on housing is likely t...

Service Providers May Opt For Composition Scheme Until April 30; Pay 6% GST

Service providers with a turnover of up to Rs. 50 lakhs have been given the deadline of April 30 to opt for the composition scheme and pay a reduced GST tax of 6%. The optio...

GST Collection In March Hits New High Of Rs 1.06 Trillion

GST (goods and service tax) collection in March touched a new high of Rs 1,06,577 crore, a 15.6 percent increase from the revenue collected in the same month last year. It i...

Income Tax And GST Offices To Remain Open On 31 March

Both income tax and GST (goods and service tax) will remain open on Saturday (30 March) and Sunday (31 March) to meet the revenue collection targets as the financial year 20...

These Changes Will Impact Your Finances In FY’20

Going forward, there have been made a slew of changes in the Budget 2019, which will come into effect from the new financial year. And so while engaging for the FY beginning...

GST On Real Estate: New Tax Transition Plan Approved

The GST (Goods and Service Tax) Council on Tuesday decided that it will let builders choose between two different tax rates on under-construction projects by allowing them t...

Gst On Real Estate Builders Can Now Choose From 2 Tax Rates

Expensive Cars Jewellery Become Cheaper As Tcs Gets Excluded

Expensive Cars And Jewellery To Become Cheaper As TCS Gets Excluded From GST

Consumers of high valued cars and jewellery will get some price relief as the Central Board of Indirect Taxes and Customs (CBIC) said that it will be excluding TCS amount on...

No GST On Pharma Samples, Freebies Explained

The government provided some relief to the FMCG, food and pharmaceutical retail chains this week after it clarified that promotional schemes will be eligible for input tax c...

GST Collection For February Falls

The Finance Ministry on Friday said that the GST (Goods and Service Tax) collected for the month of February came down to Rs 97,247 crore from Rs 1.02 lakh crore collected i...

Govt Detects Gst Evasion Rs 20 000 Crore Till Feb Fy

Govt Detects GST Evasion Of Rs 20,000 Crore Till Feb For FY19

The tax department has detected GST (Goods and Service Tax) evasion of Rs 20,000 crore for the current financial year 2018-19, according to a PTI report citing a senior offi...

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