GST News

GST Portal | Module wise new functionalities deployed for taxpayers

09 March 2021 at 21:49

Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics.

Posted in GST | 9573 Views

Selection of Core Business Activity on GSTN Portal for Registered Taxpayers

09 March 2021 at 19:35

GSTN has introduced a facility to identify core business activity for the registered taxpayers through various options.

Posted in GST | 3057 Views

DGGI Gurugram officials arrest 2 men for defrauding exchequer of more than Rs 690 crore

09 March 2021 at 19:05

DGGI, Gurugram Zonal Unit, were able to arrest two gang members of a fake invoicing syndicate, namely Shri Vikas and Shri Manish, who were involved in GST fraud by way of issuance of fake GST invoices in excess of Rs 4,800 crore.

Posted in GST | 1 comments | 1347 Views

GST compensation shortfall released to States reaches Rs.1.06 lakh crore

09 March 2021 at 17:02

19th Instalment of Rs. 2,104 crore released to the States on Monday, 08th March 2021. 96 per cent of the estimated shortfall of Rs.1.10 lakh crore released.

Posted in GST | 1440 Views

Financial aid to states to meet GST compensation

09 March 2021 at 17:02

In order to meet the shortfall in Goods and Services Tax (GST) compensation to be paid to States, the Government of India had set up a special borrowing window in October, 2020 to raise the estimated shortfall of Rs. 1.1 lakh crore.

Posted in GST | 1590 Views

E-invoicing made compulsory for taxpayers with aggregate turnover above 50 crore from 1st April 2021

08 March 2021 at 23:01

CBIC has revised the aggregate turnover for e-invoicing from 100 crores to 50 crores w.e.f 1st April 2021. Official notification has been listed here.

Posted in GST | 16956 Views

Taxpayers need to now compulsorily select business activity post login notifies GSTN

06 March 2021 at 22:37

Taxpayers are required to select their business activity only once, as - Manufacturer, wholesaler/Distributor/Retailer, service providers & others post login based on highest turnover amongst them.

Posted in GST | 3 comments | 9918 Views

CGST East Delhi Commissionerate arrests two for defrauding Govt. Exchequer of more than Rs 392 crore

05 March 2021 at 16:49

Officers of CGST Commissionerate, Delhi (East) achieved yet another success when investigations led to unearthing of a massive network of fictitious firms to generate and avail fake ITC of GST.

Posted in GST | 1665 Views

Upcoming changes in Table-12 format of GSTR-1 Return

04 March 2021 at 11:12

CBIC, via their official Twitter handle, have made the taxpayers aware of the upcoming changes in Table 12 of GSTR-1 Return. These include changes w.r.t the format and number of digits of HSN Code.

Posted in GST | 20175 Views

Delhi East CGST Officials arrest man for ITC fraud of Rs 38.91 crore

02 March 2021 at 16:29

It is pertinent to mention here that since the inception of GST Central Tax, Delhi Zone has made 28 arrests in various cases involving GST evasion amounting of more than Rs. 4058.86 crore.

Posted in GST | 2541 Views