GST News

12% GST on Textiles - Most undesirable act of GST Council: CAIT

24 November 2021 at 09:39

The entire textile trade and industry is in shock on Government’s decision of increase in tax on textile which is the second largest revenue generating commodity after agriculture.

Posted in GST | 9252 Views

CAIT holds Protest Dharna for hike in GST Rates for Textile & Footwear

24 November 2021 at 09:29

The Confederation of All India Traders, via their official Twitter handle has announced that they will be holding a PROTEST DHARNA across 500 Districts Pan India on 24th November 2021

Posted in GST | 1 comments | 5703 Views

CBIC Issues Clarification on Certain Refund Related Issues

19 November 2021 at 08:42

The Central Board of Indirect Taxes and Customs, via Circular No. 166/22/2021-GST dated 17th November 2021, has provided a clarification on certain refund related issues.

Posted in GST | 10014 Views

CBIC Issues Clarification in Respect of Applicability of Dynamic QR Code on B2C Invoices

19 November 2021 at 08:39

The Central Board of Indirect Taxes and Customs has issued a clarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of notification 14/2020 - Central Tax dated 21st March 2020.

Posted in GST | 5061 Views

CBIC Chairman inaugurates Customs & GST pavilion at 40th India International Trade Fair

16 November 2021 at 08:39

Shri M. Ajit Kumar, Chairman, CBIC, inaugurated the Customs & GST pavilion here today at Hall no.12 of Pragati Maidan, New Delhi.

Posted in GST | 1596 Views

CGST Officials unearth ITC fraud of around Rs 34 crore involving 7 firms

15 November 2021 at 08:24

Based upon specific intelligence, the officers of the Anti Evasion branch of CGST Commissionerate, Delhi (East) have unearthed a case of availment/utilization and passing on of inadmissible ITC through bogus GST invoices

Posted in GST | 2 comments | 11109 Views

GSTR 2B will be available on the GST Portal on 14th November

11 November 2021 at 08:37

The Central Board of Indirect Taxes and Customs will make available Form GSTR-2B in the afternoon of 14th November as its generation commences after the end of the due date of GSTR-1/IFF filing on 13th November.

Posted in GST | 7143 Views

GST collection for October 2021 registered the second highest since implementation of GST

01 November 2021 at 20:42

The gross GST revenue collected in the month of October 2021 is Rs. 1,30,127 crore of which CGST is Rs. 23,861 crore, SGST is Rs. 30,421 crore, IGST is Rs. 67,361 crore and Cess is Rs. 8,484 crore.

Posted in GST | 2637 Views

GoI releases Rs 44,000 crores to States and UTs in-lieu of GST compensation

29 October 2021 at 08:30

After taking into account earlier release of Rs. 1,15,000 crore, total amount released in the current financial year as back-to-back loan in-lieu of GST compensation is Rs. 1,59,000 crore.

Posted in GST | 1656 Views

Gurugram DGGI Unit arrests 3 persons for running fake firms and evading GST of more than Rs 48 crore

28 October 2021 at 08:28

Two persons were arrested from Delhi on 5th and 9th October 2021 on charges of orchestrating a fake billing racket involving more than 20 fake firms where more than Rs 22 crore of fraudulent ITC was taken thereby defrauding the exchequer.

Posted in GST | 2061 Views