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. [...]

GST State Code List and Jurisdiction

By |2021-02-15T00:45:18-05:30February 11th, 2021|Categories: GST Law|Tags: , , |

GSTIN is a specific tax identification number that is issued to each dealer registered with GST. The GST State Code reflects the first two digits of GSTIN. Introduction When you move to GST registration or when you sign up for a new subscription, many businesses would have received a 15-digit temporary ID or GSTIN (Property Tax [...]

GST Notices: Notice from GST Department

By |2021-02-15T00:01:14-05:30February 11th, 2021|Categories: GST, GST News|Tags: , |

Under the Goods and Services Tax (GST), the authorities shall communicate through GST notices to the taxpayers. There are different explanations why different types of notices are given, which every taxpayer should know. These reasons and types of GST notifications are discussed in this article, along with the way in which one may reply upon receipt [...]