GST News
Important changes related to QRMP Scheme implemented on the GST Portal for the taxpayers
06 July 2021 at 20:29Discussing 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.
Rs 92,849 crore gross GST revenue collected in June 2021
06 July 2021 at 18:52The 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.
FM Nirmala Sitharaman says enhanced revenue collection in recent months should now be the “New Normal”
01 July 2021 at 21:06FM 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.
CBIC further extends the date of applicability of Dynamic QR Code
01 July 2021 at 19:05The 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.
"We are constantly moving ahead in our endeavour to provide user-friendly GST System" - Anurag Thakur on GST Day 2021
01 July 2021 at 14:00As 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.
CBIC to issue certificates of appreciation to honour contributions of taxpayers
30 June 2021 at 18:57On 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.
CBIC releases Clarification in Respect of Applicability of Dynamic QR Code
23 June 2021 at 06:25The 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.
New Functionalities made available for Taxpayers on GST Portal - May, 2021
16 June 2021 at 17:28New Functionalities pertaining to modules of Registration and Returns made available for Taxpayers on GST Portal for the m/o May 2021 has been mentioned here.
Recommendations of the 44th GST Council Meeting
12 June 2021 at 16:01The Council in its 44th meeting on 12th June 2021 has decided to reduce the GST rates on the specified items being used in Covid-19 relief and management till 30th September 2021.
Upcoming functionalities to be deployed on GST Portal for the Taxpayers
11 June 2021 at 22:23As part of CBIC's constant endeavour to provide a smooth and hassle free experience to the taxpayers, the upcoming functionalities with relation to Ledgers, Returns, and Front Office will be deployed on the GST Portal.
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