GST News

GST Revenue collection for December 2020 recorded all time high since the implementation of GST

02 January 2021 at 10:34

Rs. 1,15,174 crore gross GST revenue collected in December. Revenues for December 2020 are 12% higher than the GST revenues in the same month last year.

Posted in GST | 1704 Views

GST Portal - Auto-population of e-invoice details into GSTR-1/2A/2B/4A/6A

31 December 2020 at 12:39

For those taxpayers who had started e-invoicing from 1-10-2020, the auto-population of e-invoice data into GSTR-1 (of December 2020) had started from December 3rd, 2020.

Posted in GST | 7809 Views

2,86,145 returns have been filed on 30th December up to 7:45 PM on the GST Portal

31 December 2020 at 10:34

The GST Portal, via their official Twitter Handle has released the daily statistics of Annual GST Returns filed. Know the statistics for 30th December here.

Posted in GST | 2214 Views

GSTN makes taxpayers aware of New Rule 86 (B) on 1% cash payment of the liability

30 December 2020 at 13:07

The GST Portal, via their official Twitter handle, has made the taxpayers aware of the New Rule 86(B) on 1% cash payment of the liability. Read the poster released on the same, here.

Posted in GST | 8040 Views

9th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall

29 December 2020 at 10:17

A total amount of Rs.54,000 crore released so far to all States and UTs with legislation. This is in addition to additional borrowing permission of Rs.1,06,830 lakh crore granted to the States

Posted in GST | 2862 Views

CBIC releases "Misconceptions Vs. Reality" under Rule 86B

28 December 2020 at 10:51

The Central Board of Indirect Taxes and Customs, via their official Twitter handle, has released "Misconceptions Vs. Reality" under Rule 86B.

Posted in GST | 9129 Views

Strong Objections against New Provisions in GST raised by Confederation of All India Traders

26 December 2020 at 17:15

The Confederation of All India Traders has raised strong objections against the new GST provisions, especially the introduction of Section 86B which they feel are detrimental to trade.

Posted in GST | 9567 Views

GST Portal provides facility for Communication between the Recipient and the Supplier Taxpayers on the GST Portal

26 December 2020 at 15:08

A facility of 'Communication Between Taxpayers' has been provided on the GST Portal, for sending a notification by recipient (or supplier) taxpayers to their supplier (or recipient) taxpayers.

Posted in GST | 3489 Views

Rajasthan becomes 6th State to complete ease of doing business reforms

26 December 2020 at 12:29

Rajasthan has become the 6th State in the country to successfully undertake the “Ease of Doing Business” reform stipulated by the Department of Expenditure, Ministry of Finance.

Posted in GST | 3144 Views

ICAI releases 4 new handbooks on GST - Downloadable Latest Editions

24 December 2020 at 10:20

The Institute of Chartered Accountants of India has released Four New Handbooks on GST which talks about Practical FAQs, Finalisation of Accounts, Liability to Pay in Certain Cases, and Returns and Payments under GST.

Posted in GST | 2 comments | 17706 Views