Features of new e-filing portal launched by Income Tax Department
The Income Tax Department is launching its new e-filing portal www.incometax.gov.in on June 7, 2021. The new e-filing portal is […]
Press Release, Press Release
GST Recent News
Bengal wants GST setoff till 2027
Bengal has proposed that the period of paying financial compensation to the states to meet projected shortfall in GST tax
Notification And Circular, Notification and Circular
Guidelines w.r.t. blocking of credit under Rule 86A of SGST Rules, 2017
The State Goods and Service Tax Department, Kerala, issued Guidelines vide Circular No. 04/2021 dated May 24, 2021 w.r.t. blocking of credit
Important Pronouncements
Horse race clubs liable to pay GST only on commission and not entire bet amount; Rule 31A(3) of CGST Rules ultra vires
The Hon’ble Karnataka High Court (“HC”) in Bangalore Turf Club Limited and ors. v. Union of India [WP No. 11168/2018
Press Release, Press Release
₹1,02,709 crore gross GST revenue collected in May 2021
The gross GST revenue collected in the month of May 2021 is ₹1,02,709 crore of which CGST is ₹17,592 crore, SGST is ₹22,653, IGST is ₹53,199
Press Release, Press Release
FM told Ministries and their CPSEs to ensure clearance of MSME’s dues at the earliest
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman Friday held a virtual meeting with senior government officials to
GST Recent News
GST Council sees little revenue impact in further easing tax compliance
The federal indirect tax body, Goods and Services Tax (GST) Council, has found that there would be little revenue impact
Important Pronouncements
Horse race clubs liable to pay GST only on commission and not entire bet amount; Rule 31A(3) of CGST Rules ultra vires
The Hon’ble Karnataka High Court (“HC”) in Bangalore Turf Club Limited and ors. v. Union of India [WP No. 11168/2018
Press Release, Press Release
₹1,02,709 crore gross GST revenue collected in May 2021
The gross GST revenue collected in the month of May 2021 is ₹1,02,709 crore of which CGST is ₹17,592 crore, SGST is ₹22,653, IGST is ₹53,199
Press Release, Press Release
FM told Ministries and their CPSEs to ensure clearance of MSME’s dues at the earliest
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman Friday held a virtual meeting with senior government officials to