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GST Revenue collection for March’ 21 sets new record

The gross GST revenue collected in the month of March 2021 is at a record of ₹ 1,23,902 crore of which CGST is ₹ 22,973 crore, SGST is ₹ 29,329 crore, IGST is ₹ 62,842 crore (including ₹ 31,097 crore collected on import of goods) and Cess is ₹ 8,757 crore (including ₹ 935 crore collected on import of goods). The government has […]

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e-invoice threshold changes from 1st April 2021

e-invoice is being implemented in India very aggressively compared to other nations across the globe. Within a span of 6 months, we could see the changes in the threshold and also the number of e-invoices issued. It all started from 1st Oct 2020 for taxpayers having turnover above Rs 500 Crores. The same has been […]

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GST Revenue collection for January 2021 almost touches ₹1.20 lakh crore

The gross GST revenue collected in the month of January 2021till 6PM on 31.01.2021 is ₹ 1,19,847crore of which CGST is ₹ 21,923 crore , SGST is ₹ 29,014 crore, IGST is ₹ 60,288 crore (including ₹27,424 crore collected on import of goods) and Cess is ₹ 8,622 crore (including ₹ 883crore collected on import […]

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Change or Perish: New Year – New Resolutions in Business

The new year is around the corner, and we normally come across resolutions adopted by the people for the beginning. Now the same has intruded into the business, especially from the GST perspective. It is the time for the business to take resolution and then take it forward else the entrepreneur cannot reach his goals. […]

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GST Revenue collection for December 2020 recorded all-time high since the implementation of GST at ₹ 1,15,174 crore

The gross GST revenue collected in the month of December 2020 is ₹ 1,15,174 crore of which CGST is ₹ 21,365 crore, SGST is ₹ 27,804 crore, IGST is ₹ 57,426 crore (including ₹ 27,050 crore collected on import of goods) and Cess is ₹ 8,579 crore (including ₹ 971 crore collected on import of goods). The total number of GSTR-3B […]

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e-invoice: Decision Flow Chart

Taxpayers having turnover above Rs 100 crores in any of the last three financial years have to issue IRN (Invoice Registration Number) from 1st Jan 2021. The flow chart helps the taxpayers to take a decision on how to implement the same.

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e-invoicing: The Game Changer

The rollout of GST is a game-changer for the Indian Business as it brought in uniform taxation and standardization. As part of it now, now e-invoicing is being introduced and similar to rollout of e-invoice, it requires a change in business process and adoption of technology. For the above reasons only it is dubbed to […]

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GST collections for the month of July 2020

₹ 87,422 crore gross GST revenue collected in July The gross GST revenue collected in the month of July, 2020 is ₹ 87,422 crore of which CGST is ₹ 16,147crore, SGST is ₹ 21,418 crore, IGST is ₹ 42,592 crore (including ₹ 20,324 crore collected on import of goods) and Cess is ₹7,265 crore (including […]

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GST Impact on Transactions During COVID

A virus which is invisible to the human eye has brought in lot of disruptions in the economies of the world and in many lives. This presentation is on the impact of GST on transactions during the period of lockdown and post lockdown. Effective planning and small change in buisness process can help to optimize […]

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Role of Technology in GST 2.0

Goods and Service Tax has been rolled out in India from 1st July 2017, and now it is about 28 months, and during this period, we have seen a lot of changes being announced by the Government. The roll out of GST is dubbed to be the largest reform after Independence, but in reality, it […]

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