CBIC Extends the time Limit for Furnishing GSTR-1
CBIC Notifies the date of applicability of amendment in Section 39 of the CGST Act 2017
In continuation of the return linkage project, GSTN has now introduced auto-populated Form GSTR-3B in PDF format, for benefit of the taxpayers.
The Prime Minister remarked that along with the reduction of tax and simplicity in the process, the biggest reforms that have been done are related to the dignity of honest taxpayers, to protect them from trouble.
The Central Government, on recommendations of the Council, has released the Central Goods and Services Tax (Thirteenth Amendment) Rules, 2020
Rajasthan decides to go for Option-1 to meet the GST implementation shortfall
The Ministry of Finance, under its “Special Window to States for meeting the GST Compensation Cess shortfall,” will be releasing an amount of Rs 6000 crores as a second tranche to 16 States and 3 Union Territories.
The e-Invoice initiative completes one month on 31st October. More than 495 Lakh e-invoices have been generated on the NIC portal by 27,400 taxpayers within the first month of the introduction. 641 Lakh e-way bills generated during the month.
The gross GST revenue collected in the month of October 2020 is Rs. 1,05,155 crore of which CGST is Rs. 19,193 crores, SGST is Rs. 25,411 crores, IGST is Rs. 52,540 crores, and Cess is Rs. 8,011 crores.
CGST officials bust racket for generating fraudulent input tax credit through fake billing of around Rs 1,278 crores.