GST News
GST Portal: New Functionalities made available for Taxpayers in April, 2021
05 May 2021 at 19:25New Functionalities made available on the GST Portal for Taxpayers in April 2021, w.r.t Returns has been listed in this news piece.
Waiver of interest and late fee to normal and composition taxpayers, for the tax periods of March and April, 2021
05 May 2021 at 05:46The government has granted waiver from payment of interest/late fee to normal & composition taxpayers and has granted relaxation to normal and quarterly taxpayers in filing Form GSTR-3B, and relaxation in filing Form CMP-08 for composition taxpayers.
Ad hoc Exemption from IGST on imports of specified COVID-19 relief material donated from abroad
03 May 2021 at 16:59In view of the COVID-19 pandemic, the Central Government has issued notifications exempting Basic Customs Duty and/or Health cess on imports of a number of COVID-19 related relief materials, for a limited period.
CBIC extends GST Returns Due Dates, Waives Late Fee For GSTR-3B and Reduces Interest Rates
02 May 2021 at 16:50Government announces various relief measures for taxpayers under GST law in view of severe COVID-19 pandemic
IGST on import of oxygen concentrators for personal use reduced to 12%
02 May 2021 at 08:48IGST on Import of Oxygen Concentrators for personal use has been reduced from 28% to 12% to bring IGST rate on such personal imports at par with commercial imports of the same
Gross GST revenue of Rs.1,41,384 crore collected for April 21 setting a new record
01 May 2021 at 18:24The GST revenues during April 2021 are the highest since the introduction of GST even surpassing collections in the last month (March'2021).
CBIC provides facility of filing GSTR-3B and GSTR-1 / IFF using EVC instead of DSC
27 April 2021 at 17:17CBIC has released the Central Goods and Services Tax (Second Amendment) Rules, 2021 wherein, a facility has been provided for filing GSTR-3B and GSTR-1 / IFF using EVC instead of DSC.
CBIC released advisory on Implementation of PMT-03 to re-credit the ITC sanctioned as Refund
22 April 2021 at 22:24In order to enable the operationalization of re-crediting of ITC sanctioned as refund towards tax wrongly paid or paid in excess by debiting the credit ledger, a new enhanced PMT-03 functionality has been developed and deployed in the system.
Extension of various Income Tax and GST Due Date Compliances requested by CAIT
22 April 2021 at 11:53The Confederation of All India Traders has written a representation letter to Finance Minister Smt. Nirmala Sitharaman requesting an extension in the due dates of various Income Tax and GST Due Date Compliances that lie within the month of April 2021.
GST | Due dates for filing of Form GSTR-3B from the Tax Period of January 2021
16 April 2021 at 20:19Due dates for filing of Form GSTR-3B from the Tax Period of January 2021 as per the revised Rule 61 of CGST Rules 2017 and Notification No. 82/2020 - Central Tax, dated 10th Nov 2020.
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