From the investigation conducted till date, it has been established that one of the arrested persons has created at least 13 firms and has been involved in availing and passing on of a total fraudulent ITC of Rs 121 crore.
Ministry of Finance has announced that FM Nirmala Sitharaman will chair the 45th meeting of the GST Council on 17th September at Lucknow. Highlights of the 44th and 43rd GST Council Meeting has been listed in this news piece.
The gross GST revenue collected in the month of August 2021 is Rs. 1,12,020 crore of which CGST is Rs. 20,522 crore, SGST is Rs. 26,605 crore, IGST is Rs. 56,247 crore and Cess is Rs. 8,646 crore.
Where the due date of filing of application for revocation of cancellation of registration falls between 1st March 2020 to 31st August 2021, the time limit for filing such application has been extended up to 30th September 2021.
CBIC has extended the timelines for filing of application for revocation of cancellation of registration to 30th September 2021, where the due date falls between 01.03.2020 to 31.08.2021.
The filing of FORM GSTR-3B and FORM GSTR-1/ IFF by companies using EVC, instead of DSC has already been enabled for the period from 27.04.2021 to 31.08.2021. This has been further extended up to 31st October 2021.
The last date to avail benefit of the late fee amnesty scheme has now been extended from existing 31st August, 2021 to 30th November, 2021.
Extension of the closing date of late fee amnesty scheme and extension of time limit for filing of application for revocation of cancellation of registration will benefit a large number of taxpayers who could not file their returns in time.
In accordance with Notification No. 78/2020 - Central Tax, dated October 15, 2020, taxpayers need to declare Harmonised System of Nomenclature (HSN) Code of Goods and Services supplied by them on raising of tax invoices, with effect from 1st April 2021.
This Rule will be implemented on GST Portal from 1st September, 2021. On implementation of the said Rule, the system will check that whether before the filing of GSTR-1/IFF of a tax-period, the following has been filed or not.
		 
  
  
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