GST News

GST | HSN Code / SAC mandatory on invoices with turnover of more than Rs. 5 crore w.e.f 1st April 2021

31 March 2021 at 19:57

HSN Code/ Service Accounting Code mandatory on invoices as per revised requirement from 1st April 2021 for GST taxpayer with a turnover of more than Rs 5 crore...

Posted in GST | 2 comments | 11658 Views

GSTR 1 Filing under QRMP Scheme for Jan-March 2021

31 March 2021 at 19:37

The taxpayers under QRMP scheme have a facility to file Invoice Furnishing Facility (IFF) in first two months of the quarter and file Form GSTR-1 in third month of the quarter.

Posted in GST | 3624 Views

Centre releases state-wise GST compensation / IGST Settlement for the FY 2020-21

30 March 2021 at 20:57

Centre releases Rs. 30,000 crore as GST Compensation as well as Rs. 28,000 crore as IGST ad-hoc settlement to the States/UTs

Posted in GST | 3039 Views

CGST West Delhi officials arrest man for ITC fraud of around Rs 9 crore

26 March 2021 at 21:00

Based upon specific intelligence, the officers of the Anti Evasion branch of CGST Commissionerate, Delhi (West) have unearthed a case of availment/utilization and passing on of inadmissible ITC through goods less invoices of Rs 9 crore (approx).

Posted in GST | 2598 Views

CGST Delhi officials arrest man for ITC fraud of around Rs 94 crore

26 March 2021 at 19:13

The officers of CGST Delhi North Commissionerate upon data analysis and gathering of intelligence zeroed in on Shri Krishan Kumar who was involved in creating and operating fake firms using identification documents of his friends/employees.

Posted in GST | 2 comments | 2235 Views

GST | Opting-in for Composition Scheme for FY 2021-22

24 March 2021 at 19:19

The eligible registered taxpayers, who want to opt-in for composition scheme for the FY 2021-22, need to file FORM GST CMP-02 application, on or before 31st March, 2021, post login on GST portal.

Posted in GST | 7830 Views

Request letter for writing a new simple and practical GST law to facilitate small traders of the nation

24 March 2021 at 11:54

Reminder Request Letter for writing a new simple and practical GST law to facilitate small traders of the nation by the Federation of All India Vyapar Mandal.

Posted in GST | 1638 Views

GST-related matters are not Ministry of Finance matters, says FM

24 March 2021 at 05:16

GST-related matters are not similar to that of the Ministry of Finance matters as the decisions related to GST are made by the GST Council, wherein, all state ministers of Finance are members.

Posted in GST | 9228 Views

CBIC clarifies regarding payment of GST dues during March 2021

20 March 2021 at 19:39

Taxpayers are free to utilise Input Tax Credit available in their credit ledger as permissible by law to discharge their GST due for March month.

Posted in GST | 14184 Views

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

16 March 2021 at 20:41

GSTN 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

Posted in GST | 5514 Views