GST News

11th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall

11 January 2021 at 17:45

A total amount of Rs.66,000 crore released so far to all States and UTs with legislationThis is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the StatesThe Ministry of Finance has released the 11th weekly instalmen

Posted in GST | 1083 Views

Further Extension of Income Tax Returns, Tax Audit Reports, GST Returns and Other Compliances requested by 24 GST and Trade Associations

11 January 2021 at 11:32

The All India Joint Representation Committee for GST has written a representation letter to the Finance Minister Smt. Nirmala Sitharaman, for further extension in the due date compliances of various Income Tax, GST, and ROC Return.

Posted in GST | 2 comments | 41325 Views

DGGI Gurugram arrests one for fraudulently availing input tax credit of Rs 8 crores

09 January 2021 at 08:33

Shri Sanjay Goel was arrested on 08.01.2021 and produced before, Duty MM Delhi, who ordered judicial custody. A total fake ITC of more than Rs 8 crore has been thus passed/availed by the accused.

Posted in GST | 4137 Views

Facility to declare invoices on monthly basis for quarterly taxpayers under QRMP scheme has been made available from 01.01.2021

08 January 2021 at 08:30

The Central Board of Indirect Taxes and Customs, via their official Twitter handle, have announced that the facility to declare invoices on a monthly basis, for quarterly taxpayers has been made available from 1st January 2021.

Posted in GST | 2046 Views

GST Update - Aadhaar Authentication/e-KYC for Existing Taxpayers on GST Portal

08 January 2021 at 08:29

All taxpayers registered as Regular Taxpayers (including Casual Taxable person, SEZ Units/Developers), ISD and Composition taxpayers can do their Aadhaar Authentication or e-KYC on GST Portal.

Posted in GST | 2 comments | 4626 Views

GST Update - Invoice Furnishing Facility (IFF) for Taxpayers under QRMP Scheme

07 January 2021 at 08:28

An Invoice Furnishing Facility (IFF) facility has been provided to taxpayers under QRMP Scheme (Quarterly filers of Form GSTR-1 and also of Form GSTR-3B returns), as per sub-rule (2) of Rule-59 of the CGST Rules, 2017.

Posted in GST | 1 comments | 4464 Views

NIC GePP - GST e-Invoice Preparing and Printing Tool - Download Now

05 January 2021 at 13:32

The National Informatics Centre has released the NIC-GePP Ver. 1.0, which is an excel based tool to assist the taxpayers, who are not having the ERP solution, to enter an invoice in a user friendly manner. Download now!

Posted in GST | 15762 Views

Central Government releases the Central Goods and Services Tax (Amendment) Rules, 2021

05 January 2021 at 10:08

CBIC has amended the Central Goods and Services Tax Rules, 2017, and has released the Central Goods and Services Tax (Amendment) Rules, 2021. Read the official announcement and the amendments made in the Rules here.

Posted in GST | 2655 Views

10th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall

05 January 2021 at 10:08

A total amount of Rs.60,000 crore released so far to all States and UTs with legislation. This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the States

Posted in GST | 1029 Views

CGST Delhi West Commissionerate arrests one for duty evasion of around Rs 831.72 crores

04 January 2021 at 11:26

The Central GST Delhi West Commissionerate has unearthed evasion of GST by way of manufacture and clandestine supply of gutkha/pan masala/tobacco products without any registration and payment of duty.

Posted in GST | 4329 Views