The Central Government has categorically denied the media reports claiming that the Goods and Services Tax (GST) Council is planning to raise a five per cent tax slab to eight per cent, said the government sources. The sources confirmed to ANI that there is no such proposal from the Council, this news is speculative and … Read more
The government has extended the deadline for filing annual goods and service tax (GST) return and reconciliation statements for FY 20 till March-end, from existing date of February 28. “In view of the difficulties expressed by the taxpayers in meeting this time limit, government has decided to further extend the due date for furnishing of … Read more
NEW DELHI: As many as 6.03 crore GST e-invoices were generated in December 2020, higher than 5.89 crore in November, according to an official release. The government had made it mandatory for businesses with turnover of over Rs 500 crore to generate electronic invoice or e-invoice for B2B transactions, from October 1, 2020. In a … Read more