Reading Time: 2 minutesE-Way Bill System, The Goods and Service Tax Network has made some below mention changes in Eway Bill system. E-Way Bill System 1. Auto calculation of route distance based on PIN code for generation of EWB: E-waybill system is now enabled to auto calculate route distance for movement of goods, based on the Postal PIN
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Reading Time: 9 minutesFAQs About Form GSTR-9, The CBIC has released the below mention FAQs About Form GSTR-9 1. What is Form GSTR-9? Form GSTR-9 is an annual return to be filed once, for each financial year, by the registered taxpayers who were regular taxpayers, including SEZ units and SEZ developers. The taxpayers are required to furnish details
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Reading Time: 2 minutesIncome Tax Return Form 2019-20: The IT department is notified the new Income Tax Return forms for the individuals and the companies for the AY 2019-20 Income Tax Return Form 2019-20: The IT department is notified the new Income Tax Return forms for the individuals and the companies for the AY 2019-20. No changes to
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Reading Time: 2 minutesGST collection for March 2019 GST collection for March 2019, The Ministry of Finance has released the monthly GST collection details for March 2019, according to the ministry the GST collection for this month has created a new history in Financial Year 2018-19. GST Revenue collections for the month of March, 2019 crossed Rupees One
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Reading Time: 3 minutesSpecial Class of Registered Person under RCM, CBIC notifies Specified class of Registered Person liable to pay tax under RCM u/s 9(4) of the CGST Act, 2017 w.e.f. April 01, 2019 The Central Board of Indirect Taxes and Customs vide Notification No. 07/2019 – Central Tax (Rate) dated March 29, 2019 notified the specified class
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Reading Time: 4 minutesFree accounting software, Small and Medium Business were demanding support from Government for the Accounting software as the several small taxpayers were unable to afford Popular Accounting and Taxation Software Like Tally,Busy , Marg Etc because starting range for these software are from Rs 20000.00 (Twenty thousand only ) per year , which is a
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Reading Time: 2 minutesChanges in E-Way Bill System, The GSTN has made the below mention changes in the Eway bill system 1. Auto calculation of route distance based on PIN code for generation of EWB: E-waybill system is being enabled to auto calculate route distance for movement of goods, based on the Postal PIN codes of source and
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Reading Time: 4 minutesThe Decisions of the GST Council The Decisions of the GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the recommendations made by the council in its 33rd meeting for lower effective GST rate of 1% in case of affordable houses and 5%
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Reading Time: 2 minutesReal estate sector is one of the largest contributors to the national GDP and provides employment opportunity to large numbers of people. “Housing for All by 2022” envisions that every citizen would have a house and the urban areas would be free of slums. There are reports of slowdown in the sector and low off-take
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Reading Time: 2 minutesGST Revenue Collections, The total gross GST revenue collected in the month of January 2019 is Rs 1,02,503 crore of which CGST is Rs 17,763crore, SGST is Rs 24,826 crore, IGST is Rs 51,225 crore (including Rs24,065crore collected on imports) and Cess is Rs 8,690 crore (including Rs 902crore collected on imports). In FY 2018-2019, it is for the third time that GST Revenue collection has crossed One Lakh Crore. The total number of
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