GST News

GSTN introduces new Table 3.1.1 in GSTR-3B for reporting supplies u/s 9(5)

21 July 2022 at 08:36

A new Table 3.1.1 is being added in GSTR-3B as per Notification No. 14/2022 – Central Taxdated 05th July, 2022

Posted in GST | 9864 Views

Implementation of mandatory mentioning of HSN codes in GSTR-1

21 July 2022 at 08:36

Vide Notification No. 78/2020 – Central Tax dated 15th October, 2020, it is mandatory for the taxpayers to report minimum 4 digits or 6 digits of HSN Code in Table-12 of GSTR-1

Posted in GST | 7959 Views

GST compensation to States for loss of revenue arising on account of implementation of GST for a period of 5 years

20 July 2022 at 08:36

As per section 18 of the Constitution Act, 2016, Parliament shall, by law, provide for compensation to the States for loss of revenue arising on account of implementation of the goods and services tax for a period of 5 years.

Posted in GST | 1863 Views

Clarification by FM Nirmala Sitharaman on recent imposition of GST on specified food items

19 July 2022 at 15:30

Recently, the GST Council in its 47th meeting recommended to reconsider the approach for Recently, the GST Council in its 47th meeting recommended to reconsider the approach for imposition of GST on specified food items like pulses, cereals, flour, etc.

Posted in GST | 1 comments | 10668 Views

Representation Letter to CBIC seeking clarification required for GST on pre-packaged & labelled goods

17 July 2022 at 09:19

Clarification required for GST on 'pre-packaged & labelled' goods

Posted in GST | 7239 Views

GSTR 3B: Finance Ministry seeks industry views on changes in monthly GST payment form

16 July 2022 at 07:52

The Finance Ministry on Friday released a paper suggesting changes in the monthly GST payment form and sought industry comments by September 15.

Posted in GST | 6852 Views

DGGI arrests one person for fraudulently availing ITC and evading GST of Rs 52.04 crore

14 July 2022 at 08:44

The Gurugram Zonal Unit (GZU) of Directorate General of GST Intelligence (DGGI), has arrested one person under the provisions of the GST Act on charges of availment of Input Tax Credit on the strength of goods-less invoices.

Posted in GST | 2130 Views

CBIC to issue SOP for GST summons, notices

11 July 2022 at 08:25

The Central Board of Indirect Taxes and Customs (CBIC) will soon come out with a detailed standard operating procedure (SOP) for serving summons and notices under the goods and services tax (GST) regime, to prevent harassment of businesses.

Posted in GST | 4755 Views

Sale of Indian National Flag exempted from GST

09 July 2022 at 16:29

It has been clarified that the sale of the Indian National Flag, adhering to the Flag Code 2002 and its subsequent amendments, is exempt from GST.

Posted in GST | 1 comments | 4440 Views

GSTN removes negative balance in cash ledgers of some composition taxpayers

09 July 2022 at 08:39

Due to the reversal of amount in the cash ledger of some composition taxpayers, the balance in the cash ledgers had become negative.

Posted in GST | 1 comments | 4284 Views