GST News

Section 112 of the Finance Act 2021, which amends the Interest on Delayed Payment of GST to come into effect from 1st June 2021

02 June 2021 at 06:26

CBIC has appointed 1st June 2021 as the date on which Section 112 of the Finance Act 2021 shall come into force. This section seeks to amend Section 50 of the Central Goods and Services Tax Act, 2017 which relates to Interest on Delayed Payment of GST.

Posted in GST | 9123 Views

GST Council Meet: GoM has been constituted to examine the issue of GST concession/exemption to COVID relief material

29 May 2021 at 17:50

In pursuance of the decision of the GST Council at its 43rd meeting on 28 May 2021, a Group of Ministers has been constituted to examine the issue of GST concessions/ exemption to COVID relief material. GoM will be submitting its report by June 08, 2021.

Posted in GST | 5934 Views

Key Updates from 43rd GST Council Meeting

28 May 2021 at 06:19

The GST Council has made recommendations relating to changes in GST rates on the supply of goods and services and changes related to GST law and procedure in the 43rd GST Council Meeting.

Posted in GST | 3 comments | 30765 Views

CBIC notifies amendments in Rules for Refund under GST

19 May 2021 at 07:20

The Central Board of Indirect Taxes and Customs has released the Central Goods and Services Tax (Fourth Amendment) Rules, 2021, under which, new changes have been notified for Refund under GST.

Posted in GST | 8994 Views

GSTN Portal: Generation of GSTR-2B for April 2021

17 May 2021 at 19:07

Taxpayers willing to file FORM GSTR-3B for April 2021 before GSTR-2B generation may do so on self-assessment basis. Notification No. 13/2021-CT dated 01.05.2021 prescribes a cumulative limit under Rule-36(4) for ITC claimed in periods April & May 2021.

Posted in GST | 11919 Views

FM to chair the 43rd GST Council meeting on 28th May 2021

15 May 2021 at 15:51

Finance Minister Smt. Nirmala Sitharaman will chair the 43rd GST Council meeting via video conferencing at 11 AM in New Delhi on 28th May 2021.

Posted in GST | 8181 Views

GSTN extends due date of filing Revocation application of Cancellation

14 May 2021 at 19:28

In view of Notification No. 14/2021 dt. 01.05.2021, the timeline for filing the 'Application for Revocation of Cancellation' has been extended to 180 days from 90 days which will be valid up to 15th June 2021.

Posted in GST | 12639 Views

Request for extension of dates for GST & Income Tax Compliances till 31st August 2021 by CAIT

10 May 2021 at 15:27

CAIT, on 7th May 2021, sent a letter to FM Nirmala Sitharaman demanding an extension of dates for GST & Income Tax compliances till 31st August & a six month moratorium on payment of Bank EMI, interest and loans etc.

Posted in GST | 2 comments | 11658 Views

FM Nirmala Sitharaman's reply to Mamata Banerjee's request for exemption of GST/Customs Duty amid COVID-19

10 May 2021 at 05:35

FM Nirmala Sitharaman responded to Smt. Mamata Banerjee's letter seeking exemption from GST/Customs duty and other duties and taxes on some items and COVID related drugs via 15 tweets.

Posted in GST | 3 comments | 15021 Views

Request for exemption from GST/Customs duty on COVID related drugs by Mamata Banerjee

10 May 2021 at 05:25

Smt. Mamata Banerjee has written to PM Shri Narendra Modi for providing an exemption from all taxes on oxygen concentrators, cylinders, cryogenic storage tanks. tankers & tank containers and COVID related drugs.

Posted in GST | 1413 Views