GST News

CGST officials bust network of 23 firms for claiming ITC of Rs 91 crore

11 July 2021 at 16:04

Based upon specific intelligence, the officers of the Anti Evasion branch of CGST Commissionerate, Delhi (West) have unearthed a case of availment/utilization and passing on of inadmissible ITC through goods less invoices of Rs 91 crore (approx).

Posted in GST | 3858 Views

Upcoming functionalities to be deployed on GST Portal for the Taxpayers in the month of July, 2021

09 July 2021 at 19:05

Upcoming functionalities w.r.t Timelines for filing of Form GST REG-21, Information regarding late fee payable provided in Form GSTR-10 and Auto-population of data in Form GSTR-11 that will be deployed on the GST Portal.

Posted in GST | 1 comments | 5493 Views

New Functionalities made available for Taxpayers on GST Portal - June, 2021

09 July 2021 at 19:04

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

Posted in GST | 6564 Views

Important changes related to QRMP Scheme implemented on the GST Portal for the taxpayers

06 July 2021 at 20:29

Discussing important changes w.r.t Auto population of GSTR-3B liability from IFF and Form GSTR 1, Nil filing of Form GSTR-1 (Quarterly) through SMS, and Impact of cancellation of registration on liability to file Form GSTR-1.

Posted in GST | 2 comments | 9504 Views

Rs 92,849 crore gross GST revenue collected in June 2021

06 July 2021 at 18:52

The gross GST revenue collected in the month of June 2021 is Rs 92,849 crore of which CGST is Rs 16,424 crore, SGST is Rs 20,397, IGST is Rs 49,079 crore and Cess is Rs 6,949 crore.

Posted in GST | 1749 Views

FM Nirmala Sitharaman says enhanced revenue collection in recent months should now be the “New Normal”

01 July 2021 at 21:06

FM was happy to note the tax collections which crossed Rs. 1 lakh crore for eight months in a row with a record GST collection of Rs. 1.41 lakh crore in April. The enhanced revenue collection in recent months should now be the new normal, She added.

Posted in GST | 1 comments | 1455 Views

CBIC further extends the date of applicability of Dynamic QR Code

01 July 2021 at 19:05

The amount of penalty payable by any registered person under section 125 of the CGST Act for non-compliance of the provision stands waived for the period between 1st December 2020 to 30th September 2021.

Posted in GST | 2118 Views

"We are constantly moving ahead in our endeavour to provide user-friendly GST System" - Anurag Thakur on GST Day 2021

01 July 2021 at 14:00

As GST Completes four years today, Anurag Thakur - Union Minister of State for Finance & Corporate Affairs pens down a message for the citizens of the country reflecting upon these four years under the GST Regime.

Posted in GST | 2694 Views

CBIC to issue certificates of appreciation to honour contributions of taxpayers

30 June 2021 at 18:57

On the eve of the completion of 4 years of the GST, it has been decided to honour the taxpayers who have been a part of the GST success story. As an acknowledgement, CBIC will be issuing certificates of appreciation to these taxpayers.

Posted in GST | 1 comments | 2355 Views

CBIC releases Clarification in Respect of Applicability of Dynamic QR Code

23 June 2021 at 06:25

The Central Board of Indirect Taxes and Customs, on receiving various references from trade and industry have released Clarification in Respect of Applicability of Dynamic QR Code on B2C invoices via six practical illustrations.

Posted in GST | 7347 Views