Everything to know about GST Amnesty Scheme Update

By |2021-06-18T03:23:03-05:30June 18th, 2021|Categories: GST|Tags: , , , , , , , , |

The Finance Ministry has collected the most GST since February this year, with a total of Rs.1.05 lakh crore. This is a 10% increase over the sum received in the same month last year. However, a significant number of non-filers of GST remain, especially in the MSME field. If these companies do not file their returns [...]

44th GST Council Meeting: Important Highlights and Newest Updates Held on 12.06.2021

By |2021-06-17T00:43:47-05:30June 17th, 2021|Categories: GST|Tags: , , , , , |

The 44th GST Council Meeting through video conferencing in New Delhi on, June 12th, 2021, Saturday, under the chairmanship of Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman. On June 12, the GST Council lowered tax rates on most COVID-related supplies and exempted medicines used to treat the black fungus infection from taxation. The virtual [...]

GST Search Online – 3 Ways Verify GSTIN?

By |2021-04-12T03:12:58-05:30April 12th, 2021|Categories: GST|Tags: , , , , , , , , , |

Many use-cases for different companies will necessitate GST search or verification services. Through LEDGERS, Legalraasta offers all customers a free GST search and verification service. Legalrasta also provides GST services and verification through APIs in addition to LEDGERS. For more information on using GST API services, contact a Legalraatsa Business Advisor.  GST Search & Verification  Sign [...]

QRMP Scheme: Everything to know under GST

By |2021-04-09T01:31:28-05:30April 9th, 2021|Categories: GST|Tags: , , , , , , , , , |

Under the Goods and Services Tax (GST), the Central Board of Indirect Taxes and Customs (CBIC) implemented the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme to assist small taxpayers with a turnover of less than Rs.5 crores. The QRMP scheme requires taxpayers to file GSTR-3B quarterly and pay tax on a monthly basis. [...]

15 Matters to keep in mind for GST in 2020

By |2021-02-10T04:37:58-05:30January 9th, 2020|Categories: GST, GST News, GST Registration|Tags: , , , , , , , , , , , , , , , , , |

Every new year comes with new hopes, desires, and responsibilities along with challenges. Introduction of Goods and Services Tax (GST) has been a big tax reform in India. From 2017-2019 it has been a great year for GST. Even in between the GST rate move down from 28% to 18% on 178 goods. Goods and Services [...]