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Violations that can cancel your GST registration

Violations that can cancel your GST registration

GST BFSI
September 19, 2020 1115 0

While the Centre has announced a number of relief measures for businesses in India during this lockdown, tax paying businesses will need to be prepared for a number of changes under the Goods and Services framework once normalcy r...


Three years of GST: Past, Present and Future

Three years of GST: Past, Present and Future

GST BFSI
September 17, 2020 643 0

Three years ago, the indirect tax system in India went through a massive change and taxpayers across the country were introduced to a consumption-based indirect tax, the Goods and Services Tax. Known as India’s most significant ...


Why are expired e-way bills such a big deal?

Why are expired e-way bills such a big deal?

GST BFSI
September 16, 2020 124 0

When the Centre implemented a nationwide lockdown two months ago, close to 20% of the 75 lakh commercial vehicles that ply across the country were stranded on national highways with consignments worth thousands of crores. These tr...


The battle of state GST compensation

The battle of state GST compensation

GST BFSI
September 15, 2020 140 0

India has been battling with a global pandemic and as each day witnesses a surge in the number of COVID-19 positive cases (closing on 12 lakh any day now), there are several other burning issues in the country and one of them is f...


GST benefits for SMEs

GST benefits for SMEs

GST BFSI
September 11, 2020 191 0

Since its implementation in July 2017, the Goods and Services Tax has been crowned as the tax reform that revolutionized India’s indirect tax system. Yet it has been under tight scrutiny and has been a constant subject of criticis...


How to file GST PMT 09?

How to file GST PMT 09?

GST BFSI
September 8, 2020 167 0

The Central Board of Indirect Tax and Customs (CBIC) recently introduced the PMT 09 form with a view to facilitate the transfer of cash from one head to another head of the electronic cash ledger. Using this form, taxpayers will b...


Blog

41st GST Council Meet Highlights

GST BFSI Current Issues
September 8, 2020 305 0

The Goods and Services Tax Council met today in their 41st GST council meeting to discuss the GST compensation to states for the shortfall in revenue collections. This meeting was led by Union Corporate Affairs and Finance Ministe...


Blog

New GST registration functionality for corporate debtors

BFSI GST
September 8, 2020 478 0

In a significant move that will benefit taxpayers who fall under the category of Corporate Debtor as per provisions under the Insolvency and Bankruptcy Code, a new registration functionality has been enabled on the Goods and Servi...


Parota, popcorn, oil - here's what you must know about contradictory AAR rulings

Parota, popcorn, oil - here's what you must know about contradictory AAR rulings

GST BFSI
August 21, 2020 256 0

In the last few weeks, India has witnessed various scenarios where different commodities have attracted tax disputes owing to contradictory decisions taken by the Authority for advance ruling under the GST regime. One of the m...


Extreme Digitization - Redefining The Future of Banking

Extreme Digitization - Redefining The Future of Banking

Fintech BFSI
August 20, 2020 619 0

The pandemic has had a profound effect on supply chains, businesses and economies. In the last few months, financial institutions in India have scaled quickly to safeguard their employees, transform their operations, and serve the...


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