GST News

Avoidance of GST by E-commerce Companies

17 August 2021 at 05:46

CAIT has sent an important communication to all CM's drawing their attention towards GST avoidance by e-commerce players causing huge loss of GST revenue to the government and also urged support for E-Commerce Rules under the Consumer Protection Act.

Posted in GST | 4431 Views

New Functionalities made available for Taxpayers on GST Portal in July 2021

16 August 2021 at 18:45

New Functionalities pertaining to modules of Registration, Returns and Refund made available for Taxpayers on the GST Portal for the m/o July 2021 has been mentioned here.

Posted in GST | 6702 Views

2 held by CGST Officials for ITC fraud of more than Rs 10 crore

11 August 2021 at 21:22

The CGST Commissionerate, Faridabad, Haryana has arrested two Directors of M/s. F2C Wellness Pvt. Ltd., Faridabad on charges of illegally availing and passing on input tax credit (ITC) by issuance of invoices without supply of goods.

Posted in GST | 3513 Views

GSTN | Blocking of E-Way Bill generation facility to resume after 15th August, 2021

04 August 2021 at 20:48

The government has decided to resume the blocking of EWB generation facility on the EWB portal, for all the taxpayers in terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, from 15th August onwards.

Posted in GST | 1 comments | 7839 Views

CGST authorities bust ITC fraud of more than Rs 31,000 crore involving more than 7,200 cases in FY 2020-21

04 August 2021 at 06:40

GST authorities have unearthed over Rs 31,000 crore of tax fraud committed by misuse of ITC provision under the GST regime during the financial year 2020-21 and booked more than 7,200 cases involving fake ITC.

Posted in GST | 1770 Views

GST authorities recover more than Rs 1,900 crore in tax evasion in FY 2021-22 up to June 2021

04 August 2021 at 06:38

Evasion may be committed intentionally and at times non-payment of tax may happen due to human error. However, no evasion of tax has been reported due to failure in the CBIC back-end system.

Posted in GST | 1587 Views

Rs. 1,16,393 crore gross GST revenue collected in July 2021

01 August 2021 at 16:23

The gross GST revenue collected in the month of July 2021 is Rs. 1,16,393 crore of which CGST is Rs. 22,197 crores, SGST is Rs. 28,541 crores, IGST is Rs. 57,864 crore and Cess is Rs. 7,790 crores (including Rs. 815 crores collected on import of goods).

Posted in GST | 2709 Views

GST Audit to Discontinue w.e.f 1st August 2021

31 July 2021 at 13:03

Starting 1st August 2021, taxpayers will not be required to get their annual accounts audited by a CA/CMA for furnishing an audited reconciliation statement in Form GSTR-9C.

Posted in GST | 5 comments | 20013 Views

CBIC amends Rule 80 of GST Return, Instructions related to GSTR-9 and Form GSTR 9C

31 July 2021 at 12:55

CBIC has issued the Central Goods and Services Tax (Sixth Amendment) Rules, 2021 under which, amendments have been made under rule 80 relating to Annual Return, instructions related to the filing of GSTR-9 and Form GSTR-9C.

Posted in GST | 7872 Views

Registered Taxpayers with AATO of Rs. 2 crores, not required to file a GST Return for FY 2020-21

31 July 2021 at 12:41

The Central Board of Indirect Taxes and Customs, via Notification No. 31/2021 - Central Tax has exempted taxpayers having an aggregate turnover of Rs. 2 crores from the requirement of filing an annual return for FY 2020-21.

Posted in GST | 10125 Views