Any pending GST refund gets credited to your bank account within 30 days

Latest GST News: Finance Minister Nirmala Sitharaman has announced that all pending GST refunds will be paid to micro, small and medium businesses within 30 days. Further, all future GST refunds will be sorted out in 60 days, she said. Evidently, faster GST refund process can help MSMEs in many ways.  Here’s how this latest…

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You can now check your GST Return status

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Now, taxpayers can see the status of returns filed on GSTN portal; here is how. 1.         Access the https://www.gst.gov.in/ URL. The GST Home page is displayed. 2.         Login to the GST Portal with valid credentials. 3.         Click the Services > Returns> Track Return Status command. On submission of your GST return, you will be given an Application Reference…

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0% GST on services such as conducting exams, testing of food samples etc.

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A lot many services have been exempted from GST recently. Meaning, GST will not be charged on them. Here’s the list of services exempted from GST: 1. Artificial insemination of livestock (other than horses) 2. Warehousing of minor forest produce 3. Services provided by FSSAI to food business operators by way of licensing, registration and…

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Recent GST Rate Changes

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  Particulars Old GST Rate New GST Rate Paints and varnishes prepared water pigments of a kind used for finishing leather-classified under the Heading 3208/3209/3210. 28% 18% Glaziers’ putty, grafting putty, resin cement, caulking compounds and other mastics; painters’ fillings; non-refractory surfacing preparations- classified under Heading 3214. 28% 18% Refrigerators, freezers and other refrigerating or…

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आईटीआर(ITR)(नॉन-ऑडिट मामलों के लिए ) भरने की आख़िरी तारीख़ 31 अगस्त तक बढ़ा दी गई है

ITR, business accounting, income tax, due date

नॉन-ऑडिट मामलों में टैक्स देने वालों के लिए, जिन्होंने अब तक अपना  इनकम टैक्स/आयकर रिटर्न नहीं भरा है यहाँ एक अच्छी खबर है। वित्त मंत्रालय ने आईटीआर(ITR) (इनकम टैक्स/आयकर रिटर्न) भरने की आख़िरी तारीख 31 जुलाई 2018 से 31 अगस्त 2018  तक बढ़ाने की घोषणा की है। अगर आप उन टैक्स देने वालों/करदाताओं की श्रेणी…

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