Goods and Service Tax

Corporate Compliance Calendar for January, 2021

Corporate Compliance Calendar for January, 2022

This article contains various Compliance requirements for the Month of January, 2022 under various Statutory Laws. Compliance means “adhering to rules and regulations. ”Compliance is a continuous process of following laws, policies, and regulations, rules to meet all the necessary governance requirements without any failure. If you think compliance is expensive, try non‐ compliance” Compliance …

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Compliance Calendar December 2021

Due Date Compliance Calendar December 2021

Article compiles due dates of compliance related to GST, Income Tax, ESI, PF Acts which includes compliance related to GSTR-1, GSTR-3B, ITC-04, GSTR-5 & 5A, GSTR-6, GSTR-7, GSTR-8,  RFD-10, Due dates for payment of TDS/TCS, Dues date for Payment of Advance Tax, Due date for Issue of TDS/TCS Certificates, Due date for linking of Aadhaar number with PAN, Due date for payment of …

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GST on Govt. Tenders – Maharashtra AAR

GST on Govt. Tenders – Maharashtra AAR Government tenders to attract GST, deemed a service Maharashtra Authority for Advance Ruling (AAR): any tendering should attract GST on the processing fee and that 18% GST should apply wherever such forms are bought online or offline. Both online and offline tendering would be considered as “supply of …

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GST

Gross GST revenue collection in June’ 2021 is of ₹ 92,849 crore

The gross GST revenue collected in the month of June’ 2021 is₹92,849 crore of which CGST is ₹16,424 crore, SGST is ₹20,397, IGST is ₹49,079 crore (including ₹25,762 crore collected on import of goods) and Cess is ₹6,949 crore (including ₹809 crore collected on import of goods).The above figure includes GST collection from domestic transactions …

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oxygen concentrators

Government reduces IGST on import of oxygen concentrators for personal use to 12 percent

Amid the acute shortage of medical oxygen in several parts of the country due to surge in COVID cases, the Finance Ministry on Saturday reduced the Integrated Goods and Service Tax (IGST) rate on the import of the oxygen concentrators for personal use from 28 percent to 12 percent. This rate will be applicable till …

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