GST News


CBIC releases "Myths v. Facts" on CGST Notification issued on 22.12.2020 to curb GST Fake invoice frauds

   24 December 2020 at 10:10

CBIC releases "Myths v. Facts" on CGST Notification issued on 22.12.2020 to curb GST Fake invoice frauds

Posted in GST |   3633 Views


GSTN introduces the Quarterly Return Monthly Payment Scheme

   23 December 2020 at 11:56

The QRMP Scheme has been a welcome gift to the small and medium level GST registered taxpayers. Know all about the QRMP Scheme, in this poster released by GSTN on their official Twitter handle: 

Posted in GST |   3381 Views


ITC limit under rule sec 36(4) revised to 5 percent from 10 percent

   23 December 2020 at 11:26

The Central Board of Indirect Taxes and Customs has released the Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020.

Posted in GST |   12699 Views


CBIC appoints 1st January 2021 for provisions of sections 119, 120, 121, 122, 123, 124, 126, 127 and 131 of the CGST Act to come into force

   23 December 2020 at 10:05

CBIC appoints 1st January 2021 for provisions of sections 119, 120, 121, 122, 123, 124, 126, 127 and 131 of the CGST Act to come into force

Posted in GST |   3555 Views


CBIC waives fee payable on late filing of GSTR-4 for businesses in Ladakh until 31st December 2020

   23 December 2020 at 10:05

CBIC has waived the fee payable on late filing of GSTR-4 for the registered persons whose principal place of business is in the Union Territory of Ladakh, from 1st November 2020 to 31st December 2020.

Posted in GST |   1731 Views


GSTN sends mass SMS to all GST registered businesses by mistake, creates panic among clients of CAs

   22 December 2020 at 11:46

The GST Network sent out a mass SMS to all GST registered businesses, by mistake, which further created panic amongst the clients of CAs. Numerous CAs expressed their dissent over the GST Network on Twitter, due to this.

Posted in GST  2 comments |   23823 Views


8th Instalment of Rs. 6,000 crore released to the States as back to back loan to meet the GST compensation shortfall

   21 December 2020 at 18:05

A total amount of Rs. 48,000 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 |   1578 Views


GST Taxpayers | Late Fees and Interest applicable on the QRMP Scheme

   21 December 2020 at 11:00

The Quarterly Return and Monthly Payment Scheme (QRMP Scheme) has been a welcome gift to the small and medium level GST registered taxpayers. Know about the Late Fees and Interest applicable on the QRMP Scheme here.

Posted in GST |   3435 Views


GST Portal - Ignore prompt on liability for inward supplies attracting reverse charge in Table-3.1 (d)

   21 December 2020 at 11:00

Taxpayers may kindly continue to declare their correct liability in Table-3.1(d) pertaining to liability on inward supplies attracting reverse charge and proceed to file GSTR-3B

Posted in GST |   2124 Views


Due dates for filing of Form GSTR-3B for the Tax Periods from October 2020 till March 2021

   18 December 2020 at 11:26

The GST Portal has notified the due dates for filing of Form GSTR-3B for the Tax Periods from October 2020 till March 2021.

Posted in GST  1 comments |   5976 Views



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