Tag: gst Council
GST NEWS
GST Council approves increased borrowing limit of Rs 1.1 lakh crore under option 1
The GST Council has increased the borrowing limit from Rs.97000Crore to Rs.1.1 Lakh Crore provided to the states. The Union Finance Minister has raised...
GST NEWS
ICAI seeks extension of FY19 GST annual return filing deadline by 3 months
The ICAI has written to GST Council for deferring GST Annual return 2018-19 deadline by 3 months that is till December 31. Presently, the...
GST NEWS
Five states reject govt’s GST shortfall remedy
The five states not ruled by BJP have rejected GST Council meeting’s proposal regarding states’s borrowing. Chhattisgarh finance minister T.S. Singh Deo said in...
GST NEWS
GST Council to meet on August 27 to discuss compensation payout to states
GST Council is going to discuss the issue of compensation in its next meeting on August 27. Besides this, another meeting would be held...
GST UPDATES
Interest income of an individual – to be added in turnover for registration?
By CA. (Dr.) Gaurav Gupta
Recently in the Advance Ruling in the case of Re. Shree Sawai Manoharlal Rathi (GST AAR Gujarat), the Ld. Authority for...
GST NEWS
GST Council eases compliance burden for businesses
The GST Council has given relief to small taxpayers by giving waiver of late fee and reducing the interest payable on late payment. There...
GST NEWS
GST Council to meet on June 12
The GST Council is expected to meet on June 12 to discuss the coronavirus impact on tax revenues. This 40th meeting will be held...
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