‘Maintenance of records is compulsory under GST’

MIDC Industries Association (MIA) conducted an educative seminar on GST for the members of the Association. The seminar was organised at MIA House. The faculties were CA Kirti Agrawal, CA Shambhu Tekriwal, trade representative of NVCC and Director of NCCL, CA Rakesh Agrawal and CA Eshuji Jain. Speaking on the occasion, CA Kirti Agrawal threw […]

Government extends deadline for filing GST returns

Due to sudden surge in filing of returns that led overload GST network. The IT backbone for GST extended the date for filling of returns. GSTR 1 has been extended to September 10 against the earlier deadline of tomorrow. Subsequently, filling of GSTR 2 and GSTR 3 has been extended to September 25 and 30 […]

GST Council sets tax rates for lotteries, hotels

The 17th GST Council meeting will also review the preparedness of the states to switch over to the new tax regime that proposes one sales tax for the whole country. On Sunday, the council eased rules GSTR 1 (onward supplies) and GSTR 2 (inward supplies) for July and August to ease taxpayers’ anxieties. The GST […]

Karnataka ready for July 1 rollout of GST

Setting the stage for the rollout of the new indirect tax system from July 1 in the state, the legislative assembly passed the Karnataka Goods and Services Tax Bill 2017 on Thursday, even as both the Congress and BJP claimed credit for introducing the country’s biggest tax reform. Chief minister Siddaramaiah tabled the bill in […]