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IMS and its significance

With the implementation of the IMS, changes in GSTR-3B format can be expected. Read more

Hengst: Filtration on the Move

Under the motto "Filtration on the Move", Hengst presented innovative products for liquid and air filtration as well as a world first: a completely CO2 -neutral filter at the IAA Transportation 2024, HannoverRead more

GST Council introduces Reverse Charge Mechanism on metal scraps

Typically the seller charges the buyer for GST, but under the newly introduced RCM provision, the buyer will be responsible for paying the tax directly to the government. Read more

Reconciliations under the GST

Reconciliation under the GST is a critical activity that ensures the accuracy of the tax amounts credited or debited in the accounts of businesses.Read more

GOI to implement equal 5% GST on all aircraft and engine parts to boost industry

The uniform tax rate is expected to reduce operational costs, resolve tax credit issues, and attract investment in the MRO sector.Read more

Hengst Filtration opens filtration plant in Bengaluru

Spanning across 36,000 sq ft, the Yelahanka facility will manufacture a diverse range of products across multiple verticals, exemplifying the German firm’s long-term growth strategy for India, says Karthik MuthuveeranRead more

Induction furnace owners seek GST protection amid complex SC challenges

Represented by the All India Induction Furnaces Association (AIIFA), the owners highlighted that locally sold scrap often lacks the necessary GST framework requirements or compliance, making it challenging to claim input tax credits.Read more

GST reporting window extended to 30 Days for over Rs 100 cr turnover firms

GST assesses will now have an extended period of up to 30 days to report their invoices on the e-invoice portal. These new regulations will take effect starting from November 1.Read more

Budget 2022 - ACMA: Ensure uniform 18% GST on all auto components

Automotive Component Manufacturers Association (ACMA) has recommended enhancement of RoDEPT rates and measures to encourage capital investment in auto component industryRead more

Udyam registration further simplified for unorganised MSME sector

The objective of the portal is to provide a single-page registration.Read more

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