26 States and all Union Territories with Legislative Assembly have favored Option-1. Punjab will get Rs.8,359 Crores through special borrowing window to meet the GST implementation shortfall
Directorate General of GST Intelligence is in the process of informing ICAI to take necessary action for professional misconduct against 3 Chartered Accountants who were arrested in GST Fake Invoice Frauds
Kerala and West Bengal will get Rs. 10,197 crore through a special borrowing window to meet the GST implementation shortfall. Permission to raise an additional Rs.11,309 crore through borrowings also issued to Kerala and West Bengal.
The Mumbai Zonal Unit of the Directorate General of GST Intelligence, CBIC & Custom, on November 25, 2020, arrested three persons for having indulged in massive frauds involving the availment & utilization, as well as passing on of ineligible ITC
Salient features of the Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme including the Class of RPs with AATO and Default Return Option.
From 1-1-2021, Government has mandated e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr. (in any preceding financial year from 2017-18 onwards).
The blocking of the EWB generation facility will be made applicable to all the taxpayers irrespective of their AATO from 1st December 2020 onwards.
CBIC releases rules for Quarterly Return Monthly Payment Scheme w.e.f 1st January 2021
Instructions to be followed by taxpayers regarding auto-population of e-invoice details into GSTR-1
CBIC announces due dates for filing of Form GSTR-3B for the Tax Periods from October, 2020 till March, 2021
Input Tax Credit, GST refunds and Recovery of refunds- Roadblocks and way outs
GST LIVE Certification Course - 43rd Weekdays Batch(With Govt Certificate)