New GST Rule Kicks In From Today, Indian Companies Should Know THIS New Threshold
Starting on today, companies with a B2B transactional value of over Rs 5 crore will be required to produce an electronic or e-invoice. For all B2B transactions, companies must currently generate an electronic invoice if their annual revenue is Rs. 10 crore or more.
Aug 01, 2023, 07:25 AM IST
GST Rules Changing From Tomorrow, Lakhs Of Companies In India To Be Impacted
Starting on August 1, companies with a B2B transactional value of over Rs 5 crore will be required to produce an electronic or e-invoice. For all B2B transactions, companies must currently generate an electronic invoice if their annual revenue is Rs. 10 crore or more.
Jul 31, 2023, 08:08 AM IST
Education To Become Costly? Now Students Have To Pay More Hostel/PG Fees
According to the administration, rent for residential properties would qualify for GST exemption.
Jul 29, 2023, 21:45 PM IST
GST Rules Changing From August 1, To Impact Lakhs Of Companies In India --Know What Is Changing
For major businesses with a revenue of more than Rs 500 crore, e-invoicing was initially adopted in 2020.
Jul 24, 2023, 16:28 PM IST
Indian Gaming Firms Say New Tax Will Stifle Foreign Investment
Top investors including Tiger Global and Peak XV, previously known as Sequoia Capital India, have invested in Indian gaming companies such as Dream11 and Mobile Premier League. In the letter dated July 14, gaming companies including MPL urged the finance minister to rethink the move, highlighting the impact on jobs and investment.
Jul 16, 2023, 14:34 PM IST
Game-Changing Business Idea: Invest 5 Lakhs, Reap 90,000 Profits Per Month - The Golden Opportunity Awaits
Does chocolate making business sound alluring to you yet? Let's learn more about this business at a higher level because this is just the beginning.
Jul 15, 2023, 15:10 PM IST
SUVs To Get Expensive; GST Council Proposes New Cess Slabs - Check Here
The GST council has set new rules to identify SUVs, and the body style will now attract more taxes as the councils sets new cess slabs.
Jul 12, 2023, 11:46 AM IST
GST Council Decides To Impose 28% Tax On Turnover Of Online Gaming Firms
The panel, headed by the Union finance minister and comprising of representatives of all states and UTs, decided on tax rate based on recommendation of a group of ministers that looked at taxing casinos, horse racing and online gaming.
Jul 11, 2023, 20:37 PM IST
India's Goods And Services Tax Receipts Rise 12% Year Over Year In June
The monthly GST collected has topped the 1.5 trillion rupees-mark for the seventh time since the new tax regime was introduced in 2017. India's nominal growth is estimated to be 10.5% in the current fiscal year.
Jul 01, 2023, 17:19 PM IST
GST Collections Rise 3% In June To Rs 1,61,497 Crore
The revenues for the month of June are 12 percent higher than the GST revenues in the same month last year.
Jul 01, 2023, 15:49 PM IST
GST Council Meet On July 11, Likely To Discuss Steps To Prevent Fake Generation Of ITC
Chairman of Central Board of Indirect Taxes and Customs (CBIC), Vivek Johri said this while speaking to reporters at the sidelines of an event.
Jun 16, 2023, 16:27 PM IST
GST Rules Changing From August 1, To Impact Lakhs Of Companies In India
New GST Rules: The Finance Ministry has issued a circular announcing reduction in threshold limit for GST E-invoicing.
May 12, 2023, 10:31 AM IST
GSTN Defers By 3 Months Implementation Of E-invoice Reporting Time Limit
Previously, there was no such restriction for businesses to upload the invoices on the IRP.
Planning To Take A Personal Loan? 5 Important Charges You Need To Know Of
A personal loan is a type of loan that you can borrow from a bank or a financial institution to cover personal expenses such as home renovations, medical bills, or debt consolidation. Personal loans are typically unsecured, which means that you don't have to provide collateral to secure the loan. There are some important charges that have been levied by the bank on the borrower, which may disturb your budget. Here are 5 important charges you need to know before you opt-in.
May 06, 2023, 09:31 AM IST
CBIC To Conduct 2-Month Special Drive To Weed Out Fake GST Registrations
Currently, there was 1.39 crore taxpayers registered under Goods and Services Tax (GST). The identification of fraudulent GST identification numbers (GSTINs) would be based on detailed data analytics and risk parameters.
May 05, 2023, 19:37 PM IST
New GST Rules From Today, Biz With Over Rs 100 Cr Turnover Must Know This
Under GST law, e-invoicing for B2B transactions was made mandatory for companies with turnover of over Rs 100 crore effective January 1, 2021.
May 01, 2023, 08:56 AM IST
FinMin Considering To Levy Differential GST Rate On Online Games
The absence of a clear definition often leads to tax notices being sent to online game portals and subsequent litigations.
Apr 27, 2023, 16:02 PM IST
GST Fraud A New Challenge For UP Govt; Noida Sees Cases Double In 3 Years
According to the data of the Uttar Pradesh tax department, in the 2020-21 fiscal, a fine of Rs 18.04 crore was collected in 66 cases of tax evasion.
Apr 24, 2023, 11:06 AM IST
New GST Rule From 1 May 2023, Biz With Over Rs 100 Cr Turnover Must Know This
In order to provide sufficient time for taxpayers to comply with this requirement, this new format would be implemented from May 1, 2023.
Apr 13, 2023, 10:49 AM IST
GST Collection In March Rises To Over Rs 1.60 Lakh Crore
It is for the fourth time, in the current financial year, that the gross GST collection has crossed the Rs 1.5 lakh crore mark.
Apr 01, 2023, 18:00 PM IST
