GST News

Steps taken for rationalisation of GST policy measures

19 March 2018 at 10:40

Goods and Services Tax Rate and Policy Based on the various representations received from the trade and industry, the GST Council has recommended a number of measures pertaining to change in Goods and Services tax rate and policy including the GST ra

Posted in GST | 1 comments | 2874 Views

Rs 3579 crore tax collected but not deposited by service providers

19 March 2018 at 10:40

The Government is aware of instances where taxes are collected by many service providers, hoteliers, traders etc. from the customers but are not deposited in the Government’s account. Based on specific intelligence collected, detailed investiga

Posted in GST | 8 comments | 15717 Views

Division of assessees under GSTN

14 March 2018 at 14:45

The division of assesses between Centre and State is decided by the Centre and State Governments. GSTN got an application developed using which Central and State tax authorities have uploaded the data on allocation of migrated taxpayers in the GST Sy

Posted in GST | 2 comments | 6207 Views

Recommendations made during the 26th meeting of the GST Council

10 March 2018 at 17:39

Return filing SystemThe present system of filing of GSTR 3B and GSTR 1 is extended for another three months i.e., April to June, 2018 till the new return system is finalized. A new model was discussed extensively and Group of Ministers on IT has been

Posted in GST | 2 comments | 7467 Views

Recommendations regarding E-way Bill made during meeting of the 26th GST Council

10 March 2018 at 17:22

In the 26th meeting held here today, the GST Council has recommended the introduction of e-way bill for inter-State movement of goods across the country from 01st April 2018. For intra-State movement of goods, e-way bill system will be introduced w.e

Posted in GST | 2 comments | 4989 Views

26th GST Council Meeting - Existing system of filing returns has been extended for another 3 months

10 March 2018 at 16:08

FM Arun Jaitley, after 26th GST Council Meeting said that existing system of filing returns has been extended for another 3months and meanwhile, GOM on the IT will look into it & consult tax experts among others.

Posted in GST | 5256 Views

Participation of States in E-Way Bill System

07 March 2018 at 11:13

All States have joined the Government’s centralized e-way bill system for inter-State transport of goods by road under the GST regime. Accordingly, the Government, on the recommendations of the GST Council, appointed the 1st day of February, 20

Posted in GST | 3642 Views

First arrest made under GST for availing false input credit

01 March 2018 at 21:00

Enforcement Action for Fraud in GST Mumbai; Two Businessmen arrested by Officers of CGST, Mumbai for creating fictitious invoices and availing ineligible credit. Officers of CGST Mumbai have arrested two businessmen for creating fictitious invoices

Posted in GST | 3 comments | 13419 Views

GST mops up revenue of Rs 86318 crore in January

28 February 2018 at 10:45

GST Revenue Collections for month of January 2018 (received in January/February upto 25th February) stand at Rs.86,318 crores; 1.03 crore taxpayers have been registered under GST so far till 25thFebruary, 2018. So far 17.65 lakh dealers got registere

Posted in GST | 3429 Views

New features added in Form GSTR 3B

26 February 2018 at 13:01

Recently, following new functionalities are made available on GST Portal:A) Filing of Form GSTR 3B : Filing of Form GSTR 3B has been made easier and user friendly with following features :a) While proceeding to payment you can see details of balances

Posted in GST | 8 comments | 21051 Views