GST News

Participation of States in E-Way Bill System

07 March 2018 at 11:13

All States have joined the Government’s centralized e-way bill system for inter-State transport of goods by road under the GST regime. Accordingly, the Government, on the recommendations of the GST Council, appointed the 1st day of February, 20

Posted in GST | 3651 Views

First arrest made under GST for availing false input credit

01 March 2018 at 21:00

Enforcement Action for Fraud in GST Mumbai; Two Businessmen arrested by Officers of CGST, Mumbai for creating fictitious invoices and availing ineligible credit. Officers of CGST Mumbai have arrested two businessmen for creating fictitious invoices

Posted in GST | 3 comments | 13437 Views

GST mops up revenue of Rs 86318 crore in January

28 February 2018 at 10:45

GST Revenue Collections for month of January 2018 (received in January/February upto 25th February) stand at Rs.86,318 crores; 1.03 crore taxpayers have been registered under GST so far till 25thFebruary, 2018. So far 17.65 lakh dealers got registere

Posted in GST | 3438 Views

New features added in Form GSTR 3B

26 February 2018 at 13:01

Recently, following new functionalities are made available on GST Portal:A) Filing of Form GSTR 3B : Filing of Form GSTR 3B has been made easier and user friendly with following features :a) While proceeding to payment you can see details of balances

Posted in GST | 8 comments | 21063 Views

GST had a positive impact on the businesses logistics says industry survey

20 February 2018 at 10:58

Glitches in GSTN portal, cumbersome procedures and documentation and cost of compliance major areas of concernFICCI conducted a survey of enterprises post the implementation of GST in the months of November 2017 to January 2018 to have a reality chec

Posted in GST | 1 comments | 3600 Views

Advisory issued to exporters for correct filing of GST return

12 February 2018 at 10:51

Advisory for exporters on correctly filing Table 3.1(b) of GSTR 3B.Exporters are advised to maintain consistencies between data provided at GST Portal and ICEGATE Portal while filing Table 6A of GSTR-1.Exporters are advised to provide Complete and Co

Posted in GST | 6132 Views

GST council reduces rates on certain items

10 February 2018 at 13:55

Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing for the masses come into force;Concessional Rate of GST of 12% extended to construction of houses constructed/ acquired under the Credit Linked Subsidy Schem

Posted in GST | 1 comments | 10788 Views

Implementation of Eway bill postponed

01 February 2018 at 22:07

In view of difficulties faced by the trade in generating e-way bill due to initial tech glitches, it has been decided to extend the trial phase for generation of e-way bill, both for inter and intra-State movement of goods. It shall be made compulsor

Posted in GST | 29 comments | 35484 Views

Gross tax collections on track for first eight months of GST era

29 January 2018 at 13:30

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley tabled the Economic Survey 2017-18 in Parliament today.

Posted in GST | 3324 Views

GST data reveals 50% increase in number of Indirect Taxpayers

29 January 2018 at 13:30

GST data reveals 50% increase in number of Indirect Taxpayers Economic Survey says-Maharashtra, Gujarat, Karnataka, Tamil Nadu & Telangana account for 70% of India’s exports India’s internal trade in goods and services is 60 percent

Posted in GST | 2268 Views