GST News

GST collection expected to cross Rs 1.5 lakh crore in October

01 November 2022 at 08:34

Buoyed by fest season consumption, the revenue collection from the goods and services tax (GST) for the month of October may once again surpass Rs 1.5 lakh crore.

Posted in GST | 4602 Views

CBIC issued instructions on the pre-deposit payment method for cases pertaining to Central Excise and Service Tax

29 October 2022 at 08:29

The CBIC vide CBIC-240137/14/2022-SERVICE TAX SECTION-CBEC dated October 28, 2022 has issued Instructions on the pre-deposit payment method for cases pertaining to Central Excise and Service Tax.

Posted in GST | 12420 Views

DGGI initiates action against 15 real estate players in Kerala for GST fraud

29 October 2022 at 08:29

The Kochi zonal unit of the Directorate General of GST Intelligence (DGGI) for Kerala and Lakshadweep regions has unearthed GST irregularities to the tune of ₹420 crore on various counts during the 2021-22 financial year.

Posted in GST | 2697 Views

GSTN issues advisory on filing TRAN forms for taxpayers from Daman and Diu & Ladakh

26 October 2022 at 08:38

Due to reorganization of the state of Jammu & Kashmir and merger of the Union territories of Dadra and Nagar Haveli and Daman and Diu, the taxpayers of Ladakh and earlier 'Daman and Diu' region have been allotted new GSTINs

Posted in GST | 3450 Views

GST offences up to Rs 5 crore may be decriminalised

25 October 2022 at 07:44

To promote ease of doing business, the government is working on a proposal to decriminalise certain offences under the goods and services tax (GST) by raising the threshold limit from Rs 2 crore to Rs 5 crore in tax evasion cases."A proposal is

Posted in GST | 4563 Views

GST authorities issuing SCN after investigation will have to complete enforcement action

24 October 2022 at 07:45

Tax authorities issuing show-cause notices will have to complete all enforcement and consequential action against the assessee against whom GST evasion was detected, the GST Council has said.

Posted in GST | 3519 Views

Taxpayers with upto Rs 5 crore turnover required to report 4-digit HSN codes in their GSTR-1

22 October 2022 at 16:19

From 01st November, 2022, Phase-2 would be implemented on GST Portal and the taxpayers with up to Rs 5 crore turnover would be required to report 4-digit HSN codes in their GSTR-1.

Posted in GST | 1 comments | 11130 Views

Sequential filing of GSTR-1 & filing of GSTR-1 before GSTR-3B on GST Portal

22 October 2022 at 08:33

Advisory on sequential filing of GSTR-1

Posted in GST | 7839 Views

CBIC extends due date for filing GSTR 3B Return for Sept by one day

21 October 2022 at 12:56

Even as taxpayers are reporting slowness in the GSTN portal, the Central Board of Indirect Taxes and Customs (CBIC) on Friday said the due date for filing GSTR 3B return for September has been extended by one day till October 21.

Posted in GST | 19977 Views

Slow GST Portal: CBIC mulls extending September returns filing due date

21 October 2022 at 08:37

With taxpayers facing slow functioning of the GSTN portal, CBIC on Thursday said it is examining the proposal of extending the deadline for filing GST returns for September.

Posted in GST | 8517 Views