GST News


Punjab chooses Option-1 to meet the GST implementation shortfall

   28 November 2020 at 16:12

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

Posted in GST |   3423 Views


Directorate General of GST Intelligence informs ICAI to take appropriate action against 3 CAs who were arrested in GST Fake Invoice Frauds

   26 November 2020 at 09:57

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

Posted in GST  2 comments |   18057 Views


Two more States - Kerala and West Bengal choose Option-1 to meet the GST implementation shortfall

   26 November 2020 at 09:52

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.

Posted in GST |   1668 Views


Three persons arrested by the Mumbai Zonal Unit of DG, for indulging in massive frauds involving GST amounting to more than Rs 2350 crores

   26 November 2020 at 09:48

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

Posted in GST |   2127 Views


GST Portal releases salient features of Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme

   23 November 2020 at 10:01

Salient features of the Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme including the Class of RPs with AATO and Default Return Option.

Posted in GST |   6360 Views


CBIC mandates e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr. from 1st January 2021

   19 November 2020 at 16:22

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).

Posted in GST |   10371 Views


From 1st December 2020, onwards, the blocking of the EWB generation facility would be made applicable to all the taxpayers

   17 November 2020 at 11:17

The blocking of the EWB generation facility will be made applicable to all the taxpayers irrespective of their AATO from 1st December 2020 onwards.

Posted in GST  1 comments |   7005 Views


CBIC releases rules for Quarterly Return Monthly Payment Scheme w.e.f 1st January 2021

   16 November 2020 at 16:15

CBIC releases rules for Quarterly Return Monthly Payment Scheme w.e.f 1st January 2021

Posted in GST  1 comments |   14034 Views


GSTN releases instructions for auto-population of e-invoice details into GSTR-1

   16 November 2020 at 10:36

Instructions to be followed by taxpayers regarding auto-population of e-invoice details into GSTR-1

Posted in GST |   3660 Views


CBIC announces due dates for filing of Form GSTR-3B for the Tax Periods from October, 2020 till March, 2021

   13 November 2020 at 10:49

CBIC announces due dates for filing of Form GSTR-3B for the Tax Periods from October, 2020 till March, 2021

Posted in GST |   28617 Views



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