February 7, 2022
Finance Minister Nirmala Sitharaman ji has presented the Union Budget 2022 in the lower house of the parliament on 1st of February 2022. Budget 2022 highlights article representing the sector wise impact.The key pillars of this Indian government budget were Health & Well-being, Infrastructure, Inclusive development, financing investments, productivity, climate action and PM Gati Shakti
February 1, 2022
GST notice is a mode of one-to-one communication between the GST authorities and the taxpayers. The taxpayers should take the GST notices seriously and take corrective actions as directed in the notice. Taxpayers may have to pay monetary fines if the GST notices are ignored for a long time.In this short article, we will be
January 25, 2022
Budget 2022 expectations are building up among all the sectors as the Union Budget address 2022-23 is approaching. Exemption of GST on services availed by the common person is expected a big-time in this considering the exponential inflation. In this short article, we have discussed some major expectations of some prominent sectors from the Union Budget
January 19, 2022
There has been a mixed reaction among the e-com operators after the government’s decision to notify ‘Restaurant Services’ under section 9(5) of the CGST Act of 2017. 5% slab of GST on restaurant services is now applicable from 1st January of 2022.This decision was taken in the 45th meeting of the GST council called on 17th September
January 11, 2022
Table of Contents 1GST Input Tax Credit | What is the new Update?2Section 109 notified – Amendment to section 163How can I claim 100% Input Tax Credit after this change?1. Notify your defaulting suppliers2. Accurate reconciliation of GSTR-2B against purchase records4Highlighting features of GSTHero’s Reconciliation SolutionTo summarize Central Board of Indirect Taxes and Customs (CBIC)
December 31, 2021
The CBIC has recently released a GST Notification 37/2021 – Central Tax on the 1st of December 2021. The CBIC notification has amended some sections of the CGST Rules of 2017. The CBIC has introduced these changes according to section 164 of the CGST Rules 2017, which confers amending power to the Government of India. In this