GST News

Rs 1,04,963 crore of gross GST Revenue collected in the month of November 2020

01 December 2020 at 17:20

The gross GST revenue collected in the month of November 2020 is Rs 1,04,963 crore of which CGST is Rs 19,189 crore, SGST is Rs 25,540 crore, IGST is Rs 51,992 crore and Cess is Rs 8,242 crore.

Posted in GST | 2268 Views

GST Portal issues an update on the auto-population of the e-invoice details into GSTR-1

01 December 2020 at 10:08

Such taxpayers who had reported e-invoices should not wait for auto-populated data and they are advised to proceed with preparation and filing of GSTR-1 for the months of November 2020 and October 2020.

Posted in GST | 5124 Views

Online filing of the application (Form GST EWB 05) by the taxpayer for un-blocking of E-Way Bill generation facility

30 November 2020 at 10:00

A facility has now been provided to the taxpayers on the GST Portal, from 28.11.20 onwards, to file an application online for unblocking of their EWB generation facility, in case their EWB generation facility has been blocked on the EWB portal.

Posted in GST | 3963 Views

CBIC waives the amount of general penalty payable by any registered person under section 125 of the CGST Act

30 November 2020 at 10:00

The Government, on the recommendations of the Council, hereby waives the amount of penalty payable by any registered person under section 125 of the CGST Act

Posted in GST | 1 comments | 3837 Views

Punjab chooses Option-1 to meet the GST implementation shortfall

28 November 2020 at 16:12

26 States and all Union Territories with Legislative Assembly have favored Option-1. Punjab will get Rs.8,359 Crores through special borrowing window to meet the GST implementation shortfall

Posted in GST | 3429 Views

Directorate General of GST Intelligence informs ICAI to take appropriate action against 3 CAs who were arrested in GST Fake Invoice Frauds

26 November 2020 at 09:57

Directorate General of GST Intelligence is in the process of informing ICAI to take necessary action for professional misconduct against 3 Chartered Accountants who were arrested in GST Fake Invoice Frauds

Posted in GST | 2 comments | 18066 Views

Two more States - Kerala and West Bengal choose Option-1 to meet the GST implementation shortfall

26 November 2020 at 09:52

Kerala and West Bengal will get Rs. 10,197 crore through a special borrowing window to meet the GST implementation shortfall. Permission to raise an additional Rs.11,309 crore through borrowings also issued to Kerala and West Bengal.

Posted in GST | 1674 Views

Three persons arrested by the Mumbai Zonal Unit of DG, for indulging in massive frauds involving GST amounting to more than Rs 2350 crores

26 November 2020 at 09:48

The Mumbai Zonal Unit of the Directorate General of GST Intelligence, CBIC & Custom, on November 25, 2020, arrested three persons for having indulged in massive frauds involving the availment & utilization, as well as passing on of ineligible ITC

Posted in GST | 2130 Views

GST Portal releases salient features of Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme

23 November 2020 at 10:01

Salient features of the Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme including the Class of RPs with AATO and Default Return Option.

Posted in GST | 6363 Views

CBIC mandates e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr. from 1st January 2021

19 November 2020 at 16:22

From 1-1-2021, Government has mandated e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr. (in any preceding financial year from 2017-18 onwards).

Posted in GST | 10380 Views