GST News

Ad hoc Exemption from IGST on imports of specified COVID-19 relief material donated from abroad

03 May 2021 at 16:59

In view of the COVID-19 pandemic, the Central Government has issued notifications exempting Basic Customs Duty and/or Health cess on imports of a number of COVID-19 related relief materials, for a limited period.

Posted in GST | 2247 Views

CBIC extends GST Returns Due Dates, Waives Late Fee For GSTR-3B and Reduces Interest Rates

02 May 2021 at 16:50

Government announces various relief measures for taxpayers under GST law in view of severe COVID-19 pandemic

Posted in GST | 30624 Views

IGST on import of oxygen concentrators for personal use reduced to 12%

02 May 2021 at 08:48

IGST on Import of Oxygen Concentrators for personal use has been reduced from 28% to 12% to bring IGST rate on such personal imports at par with commercial imports of the same

Posted in GST | 2433 Views

Gross GST revenue of Rs.1,41,384 crore collected for April 21 setting a new record

01 May 2021 at 18:24

The GST revenues during April 2021 are the highest since the introduction of GST even surpassing collections in the last month (March'2021).

Posted in GST | 1710 Views

CBIC provides facility of filing GSTR-3B and GSTR-1 / IFF using EVC instead of DSC

27 April 2021 at 17:17

CBIC has released the Central Goods and Services Tax (Second Amendment) Rules, 2021 wherein, a facility has been provided for filing GSTR-3B and GSTR-1 / IFF using EVC instead of DSC.

Posted in GST | 2 comments | 11643 Views

CBIC released advisory on Implementation of PMT-03 to re-credit the ITC sanctioned as Refund

22 April 2021 at 22:24

In order to enable the operationalization of re-crediting of ITC sanctioned as refund towards tax wrongly paid or paid in excess by debiting the credit ledger, a new enhanced PMT-03 functionality has been developed and deployed in the system.

Posted in GST | 4239 Views

Extension of various Income Tax and GST Due Date Compliances requested by CAIT

22 April 2021 at 11:53

The Confederation of All India Traders has written a representation letter to Finance Minister Smt. Nirmala Sitharaman requesting an extension in the due dates of various Income Tax and GST Due Date Compliances that lie within the month of April 2021.

Posted in GST | 32457 Views

GST | Due dates for filing of Form GSTR-3B from the Tax Period of January 2021

16 April 2021 at 20:19

Due dates for filing of Form GSTR-3B from the Tax Period of January 2021 as per the revised Rule 61 of CGST Rules 2017 and Notification No. 82/2020 - Central Tax, dated 10th Nov 2020.

Posted in GST | 11514 Views

GST Portal releases updates in Forms GSTR-1, GSTR-3B & Matching Offline Tool for taxpayers in QRMP Scheme

13 April 2021 at 21:05

With effect from 1st January, 2021, all taxpayers with Annual Aggregate Turnover up to Rs 5 Crore have been given an option to file their Form GSTR-1 Statement and Form GSTR-3B return on a quarterly basis.

Posted in GST | 1 comments | 9414 Views

GST Portal: New features of Form GSTR-2B & GSTR-3B made available to taxpayers under QRMP Scheme

13 April 2021 at 20:43

The new features related to filing of Statement/ Returns by taxpayers under QRMP Scheme, for the quarter Jan-Mar., 2021, which has been made available to them are summarized in this news piece.

Posted in GST | 8778 Views