GST News

CBIC releases Clarification in Respect of Applicability of Dynamic QR Code

23 June 2021 at 06:25

The Central Board of Indirect Taxes and Customs, on receiving various references from trade and industry have released Clarification in Respect of Applicability of Dynamic QR Code on B2C invoices via six practical illustrations.

Posted in GST | 7347 Views

New Functionalities made available for Taxpayers on GST Portal - May, 2021

16 June 2021 at 17:28

New Functionalities pertaining to modules of Registration and Returns made available for Taxpayers on GST Portal for the m/o May 2021 has been mentioned here.

Posted in GST | 9711 Views

Recommendations of the 44th GST Council Meeting

12 June 2021 at 16:01

The Council in its 44th meeting on 12th June 2021 has decided to reduce the GST rates on the specified items being used in Covid-19 relief and management till 30th September 2021.

Posted in GST | 3 comments | 12993 Views

Upcoming functionalities to be deployed on GST Portal for the Taxpayers

11 June 2021 at 22:23

As part of CBIC's constant endeavour to provide a smooth and hassle free experience to the taxpayers, the upcoming functionalities with relation to Ledgers, Returns, and Front Office will be deployed on the GST Portal.

Posted in GST | 1 comments | 9906 Views

FM to chair the 44th GST Council meeting on 12th June 2021

11 June 2021 at 21:15

Finance Minister Smt. Nirmala Sitharaman will chair the 44th GST Council meeting via video conferencing at 11 AM in New Delhi on 12th June 2021. The meeting will also be attended by MOS Shri. Anurag Thakur.

Posted in GST | 2169 Views

Advisory on Table-12 of GSTR-1

09 June 2021 at 05:22

It has been reported that in the GSTR-1 for the tax period of May 2021, the ‘Total Invoice value’ field in the preview PDF is displaying a value as ‘0’ instead of N.A, in the cases where the taxpayer has not reported any value.

Posted in GST | 8814 Views

Relief to taxpayers, regarding late fee, for delay in filing Form GSTR-3B returns

05 June 2021 at 17:25

CBIC has rationalized the late fee for delay in filing of return in FORM GSTR-3B w.e.f 20th May 2021 and has provided a conditional waiver of late fee for delay in filing FORM GSTR-3B from July 2017 to April 2021.

Posted in GST | 3 comments | 4992 Views

Waiver of interest and late fee for normal taxpayers and composition taxpayers under GST

05 June 2021 at 17:25

Government has granted waiver from payment of interest and/or late fee to normal (Monthly / Qtrly) & composition taxpayers for the tax periods of March, April & May 2021, vide Notification. No's. 18/2021 & 19/2021, both dtd. 1st June 2021.

Posted in GST | 3339 Views

Gross GST revenue of Rs. 1,02,709 crore collected in May 2021

05 June 2021 at 17:00

The gross GST revenue collected in the month of May 2021 is Rs. 1,02,709 crore. The revenues for the month of May 2021 are 65% higher than the GST revenues in the same month last year.

Posted in GST | 1320 Views

Updated Due Dates of Various GST Compliances

03 June 2021 at 21:15

Updated due dates for filing of Form GSTR-1/IFF by Normal Taxpayers, Returns by Composition, NRTP, ISD, TDS & TCS Taxpayers and of Form ITC-04 have been listed here.

Posted in GST | 1 comments | 13464 Views