RECOMMENDATION OF THE 26TH GST COUNCIL MEETING

Kindly find below the RECOMMENDATION OF THE 26TH GST COUNCIL MEETING:   E-WAY BILL In the 26th GST Council meeting, it was expected that the council will announce the date of applicability for E Way Bill as the necessary amendments in the E Way bill rules were already made just before 2 days of the […]

Union Budget 2018

Dear Reader, It was a pleasure to present you the analysis of the Union Budget 2018 on the very same day. The various provisions of the Finance Bill are explained below in the simple language to the extend possible: Education Cess: Education cess and Secondary and Higher Education Cess will be discontinued which was 2%[…..]

Relief under GST as per 22nd Meeting of GST Council

The GST Council, in its 22nd meeting has recommended the following changes in the GST Regime:   Composition Scheme: The threshold limit for composition turnover has been increased to Rs. 1 Cr from existing limit of Rs. 50 Lacs. The facility of availing composition under the increased threshold shall be available to both migrated and[…..]