GST News

Additional 15% depreciation allowed on vehicle purchased upto 31st March 2020

17 September 2019 at 13:32

Further to the announcement made by Smt FM on 23-08-2019, an additional 15% depreciation has been allowed on motor vehicles purchased from 23-08-2019 till 31-03-2020.

Posted in GST | 10 comments | 11991 Views

Racket busted of ITC 195 crore passed on using 847 crore GST invoice

16 September 2019 at 11:20

The four accused were arrested on 14.09.2019 and have been remanded to judicial custody for 14 days.

Posted in GST | 19773 Views

Payment on voluntary basis through GST DRC-03

16 September 2019 at 11:20

Important Clarification on GST DRC-03

Posted in GST | 2 comments | 8376 Views

Operation across India by 1200 officers against fraud in claiming refund of IGST by exporters

13 September 2019 at 12:35

Biggest ever pan-India joint operation by Directorate General of GST Intelligence and Directorate General of Revenue Intelligence against fraudulently claiming refund of IGST by exportersDGGI & DRI crackdown involved about 1200 officersIn the big

Posted in GST | 1 comments | 7101 Views

GSTR-1 and GSTR-6 due date extended to 20th Sep in J&K and 58 flood affected districts

02 September 2019 at 12:07

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub- section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 41/2019 - Central Tax Ne

Posted in GST | 3 comments | 10593 Views

Declare details of outward supplies with reverse charge in GST ANX-1

02 September 2019 at 12:07

Features of GST ANX-1 - 'Taxpayer can declare details for outward supplies, imports & inward supplies with reverse charges'New Return Offline Tool (Beta)The New Return Offline Tool can be used to : Prepare ANX-1 Take Action in ANX-2 Match

Posted in GST | 2 comments | 5652 Views

GST revenue collection slips below 1 lac crore as economy slows down

02 September 2019 at 12:06

GST Revenue collection for August, 2019 Rs 98,202 crore of total gross GST revenue collected in August

Posted in GST | 3033 Views

Requirement to furnish declaration in Form ITC-04 waived

31 August 2019 at 18:04

Notification 38/2019-CT dated 31.08.2019 issued waiving requirement to furnish declaration in FORM ITC-04 for the period July, 2017-March 2018 and FY 2018-19.

Posted in GST | 1 comments | 6744 Views

GST Portal will not be available on Sep 1st for 5 hours

28 August 2019 at 11:10

GST portal (http://gst.gov.in) will be under Disaster Recovery Drill on September 01, 2019 from Midnight 00:01 (AM) to Morning 05:00 AM. Hence the GST System services will NOT be available during this time. Please plan accordingly.

Posted in GST | 9249 Views

Last date for GST Annual return extended to 30th Nov 2019

26 August 2019 at 20:50

The last date for furnishing of Annual Return in the FORM GSTR-9 / FORM GSTR-9A and Reconciliation Statement in FORM GSTR-9C for the financial year 2017-18 has been extended from 31st August, 2019 to 30th November, 2019

Posted in GST | 21 comments | 31908 Views