Authority for Advance Ruling held that ready-to-cook products such as dosai mixes, idli mix, sold in the name of brand name are taxable at 18 per cent GST, even though batter for the same is taxable at 5%
India Business News: GST revenue mop-up remained above the Rs 1 lakh crore-mark for the eight straight month in May at over Rs 1.02 lakh crore. The revenue for May 2021 is
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GST mop-up at all-time high of Rs 1.41 lakh cr in April; hits Rs 1 lakh cr for 7th month in a row
The GST collections remained above the Rs 1-lakh-crore mark for the seventh month in a row in April, the finance ministry said on Saturday
BusinessToday.In | May 1, 2021 | Updated 15:22 IST
GST revenues during April 2021 are the highest since the introduction of GST, even surpassing collections in the last month
The gross GST revenue collected in the month of April 2021 set a new record of Rs. 1,41,384 crore. The GST collections remained above the Rs 1-lakh-crore mark for the seventh month in a row in April, the finance ministry said on Saturday, May 1.
Centre allows further operational flexibility to GST filers
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Centre allows further operational flexibility to GST filers
IANS / Apr 3, 2021, 14:33 IST
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NEW DELHI: The government has allowed further flexibility to tax filers operating under the Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme of GST.
These tax filers will now be permitted to declare invoices pertaining to movement of goods and services in their quarterly return form GSTR 1 to be filed in the last month of each quarter.
As per an advisory issued by the Goods and Services Tax Network (GSTN), the taxpayer must ensure that any saved but not Filed/Submitted IFF (Invoice Furnishing Facility) records for the first two months of the quarter i.e. month of Jan-2021 or Feb-2021 must be deleted using RESET button before filing GSTR-1 for Jan-Mar-2021 quarter.