GST News
Exporter arrested for creating bogus companies for issuance of fake invoices
13 January 2021 at 08:39Shri 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.
GST Update - Auto-population of e-invoice details into GSTR-1
12 January 2021 at 08:32Taxpayers 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.
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 17:45A 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
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 11:32The 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.
DGGI Gurugram arrests one for fraudulently availing input tax credit of Rs 8 crores
09 January 2021 at 08:33Shri 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.
Facility to declare invoices on monthly basis for quarterly taxpayers under QRMP scheme has been made available from 01.01.2021
08 January 2021 at 08:30The Central Board of Indirect Taxes and Customs, via their official Twitter handle, have announced that the facility to declare invoices on a monthly basis, for quarterly taxpayers has been made available from 1st January 2021.
GST Update - Aadhaar Authentication/e-KYC for Existing Taxpayers on GST Portal
08 January 2021 at 08:29All taxpayers registered as Regular Taxpayers (including Casual Taxable person, SEZ Units/Developers), ISD and Composition taxpayers can do their Aadhaar Authentication or e-KYC on GST Portal.
GST Update - Invoice Furnishing Facility (IFF) for Taxpayers under QRMP Scheme
07 January 2021 at 08:28An Invoice Furnishing Facility (IFF) facility has been provided to taxpayers under QRMP Scheme (Quarterly filers of Form GSTR-1 and also of Form GSTR-3B returns), as per sub-rule (2) of Rule-59 of the CGST Rules, 2017.
NIC GePP - GST e-Invoice Preparing and Printing Tool - Download Now
05 January 2021 at 13:32The National Informatics Centre has released the NIC-GePP Ver. 1.0, which is an excel based tool to assist the taxpayers, who are not having the ERP solution, to enter an invoice in a user friendly manner. Download now!
Central Government releases the Central Goods and Services Tax (Amendment) Rules, 2021
05 January 2021 at 10:08CBIC has amended the Central Goods and Services Tax Rules, 2017, and has released the Central Goods and Services Tax (Amendment) Rules, 2021. Read the official announcement and the amendments made in the Rules here.
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