Introduction of Negative Values in Table 4 of GSTR-3B
GSTN allowed Negative Values in Input Table of GSTR-3B from Jan 2023 The Government has notified few changes in Table 4 of Form GSTR-3B for enabling taxpayers to report correct information regarding ITC availed, ITC reversal and ineligible ITC in Table 4 of GSTR-3B. According to the changes, the net ITC is to be reported […]
Recommendations of 49th GST Council Meeting
The 49th GST Council met under the Chairpersonship of Union Minister for Finance & Corporate AffairsSmt. Nirmala Sitharaman in New Delhi today. The meeting was also attended by Union Minister of State for Finance Shri Pankaj Chaudhary besides Finance Ministers of States & UTs (with legislature) and seniorofficers of the Ministry of Finance & States/ […]
NATIONAL SKILL DEVELOPMENT MISSION
Hello Readers, National Skill Development Corporation (NSDC) is a not-for-profit public limited company incorporated on July 31, 2008 under section 25 of the Companies Act, 1956 (corresponding to section 8 of the Companies Act, 2013). NSDC was set up by Ministry of Finance as Public Private Partnership (PPP) model. The Government of India through Ministry […]
AI-BASED VOICE RECOGNITION AND LANGUAGE TRANSLATION TECHNOLOGIES WILL EMPOWER DIGITAL INCLUSION IN INDIA
Hello Readers, INDIA is home to more than a billion people who speak hundreds of different languages and dialects, although only 22 languages are recognized constitutionally. Almost 75% of the population can read, write, and speak in their native language, and a significant percentage prefer voice-based interactions. These communication barriers present challenges for many in […]
FINTECH STARTUPS: SURGING THE DIGITAL ECOSYSTEM
Introduction: Startup India is a flagship initiative of the Government of India, intended to build a strong ecosystem that is conducive for the growth of startup businesses, to drive sustainable economic growth and generate large scale employment opportunities. The explosion of fintech companies as startups isn’t surprising. Fintech is a booming industry that’s on everyone’s mind, especially investors. […]
GUIDELINES OF PROCUREMENT AND MARKETING SUPPORT (PMS) SCHEME
Hello Readers, Marketing, a strategic tool for business development, is critical for the growth and survival of MSMEs. Due to the lack of information, scarcity of resources and unorganized ways of selling /marketing, MSME sector often faces problems in exploring new markets and retaining the existing ones. Keeping in view these facts, the Procurement and […]
WHY BLUE HYDROGEN?
Hydrogen may be Brown, Black, Green, Blue………!!! But why only Blue hydrogen is getting attention from Indian energy producers? Blue hydrogen is often touted as a low-carbon fuel for generating electricity and storing energy, powering cars, trucks and trains and heating buildings. Apart from blue, hydrogen can also be brown, grey, green, pink or other […]
HEALTH SECTOR: FY 2022-23 GST UPDATES
Health infrastructure is an important indicator for understanding the healthcare delivery provisions and welfare mechanisms in a country. The Goods and Services Tax (“GST”) law has undergone various changes in the year 2022-23s. The 47th GST Council meeting held on June 28, 2022, and June 29, 2022, the GST Council proposed imposition of GST on […]
GST – ITC (INPUT TAX CREDIT): FY 2022-23 UPDATES
CLARIFICATION TO DEAL WITH ITC MISMATCH BETWEEN GSTR- 3B VS. GSTR-2A FOR F.Y. 2017-18 AND 2018-19 Circular 183/15/2022-GST is issued by the Central Board of Indirect Taxes and Customs (CBIC) to provide clarification on the input tax credit (ITC) mismatch between GSTR-3B and GSTR-2A for the financial years 2017-18 and 2018-19. Type of Cases due […]
REAL ESTATE SECTOR – FY 2022-23 GST UPDATES
Real estate sector is one of the major economic sectors for any country, especially India where this sector is getting the attention in the recent years. In this article we are going to discuss about GST updates in Real estate sector. Following are some of the key updates for the F.Y 2022-23 before announcement of […]