GST News

Due date for filing monthly GSTR-5 Return for the month of Dec 20 is January 20, 2021

18 January 2021 at 10:23

The Ministry of Finance announced the due date for the non-resident GST payers for filing monthly GSTR-5 Return for the month of December, 2020 is January 20, 2021 failing which will attract a late fee and interest.

Posted in GST | 2181 Views

Due date for filing monthly GSTR-5A Return for the month of Dec, 20 is January 20, 2021

18 January 2021 at 10:23

The Ministry of Finance announced for OIDAR service suppliers that the due date for filing monthly GSTR-5A return for the month of December 2020 is January 20, 2021 failing which will attract a late fee and interest.

Posted in GST | 1686 Views

One held by CGST Delhi officials for fraudulently passing on fake ITC of Rs 14.30 crore

16 January 2021 at 08:03

Sh. Nitin Jain, C. A has been arrested under Section 69(1) of the CGST Act’2017 and produced before the Duty Magistrate.

Posted in GST | 1 comments | 5091 Views

CBIC further makes amendments in the CGST Fourteenth Amendment Rules 2020

14 January 2021 at 06:50

The Central Board of Indirect Taxes and Customs has further made amendments to the Central Goods and Services Tax (Fourteenth Amendment) Rules 2020.

Posted in GST | 8202 Views

Due dates for filing of Form GSTR-3B for the Tax Period of December, 2020

13 January 2021 at 16:52

The due date for filing GSTR-3B is 20th January 2021 for taxpayers having an aggregate turnover of more than Rs. 5 crores in the previous FY. For taxpayers having an aggregate turnover of less than Rs. 5 crores, the due date is 22/24 January 2021.

Posted in GST | 7773 Views

Exporter arrested for creating bogus companies for issuance of fake invoices

13 January 2021 at 08:39

Shri Santosh Kumar Singh created 44 fake/bogus companies for issuance of fake invoices and passing on ITC to nine export companies which were involved in fraudulent exports, without the supply of any goods.

Posted in GST | 2175 Views

GST Update - Auto-population of e-invoice details into GSTR-1

12 January 2021 at 08:32

Taxpayers should not wait for the inadvertent gap wherein some invoices are not being populated in GSTR-1 and are advised to proceed with the preparation and filing of GSTR-1, based on actual data as per their records.

Posted in GST | 5433 Views

11th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall

11 January 2021 at 17:45

A total amount of Rs.66,000 crore released so far to all States and UTs with legislationThis is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the StatesThe Ministry of Finance has released the 11th weekly instalmen

Posted in GST | 1089 Views

Further Extension of Income Tax Returns, Tax Audit Reports, GST Returns and Other Compliances requested by 24 GST and Trade Associations

11 January 2021 at 11:32

The All India Joint Representation Committee for GST has written a representation letter to the Finance Minister Smt. Nirmala Sitharaman, for further extension in the due date compliances of various Income Tax, GST, and ROC Return.

Posted in GST | 2 comments | 41343 Views

DGGI Gurugram arrests one for fraudulently availing input tax credit of Rs 8 crores

09 January 2021 at 08:33

Shri Sanjay Goel was arrested on 08.01.2021 and produced before, Duty MM Delhi, who ordered judicial custody. A total fake ITC of more than Rs 8 crore has been thus passed/availed by the accused.

Posted in GST | 4149 Views