GST News

15th Instalment of Rs.6,000 crore released to the States to meet the GST compensation shortfall

13 February 2021 at 05:28

A total amount of Rs.90,000 crore released so far to all States and UTs with the legislature. This is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the States.

Posted in GST | 1155 Views

14 important FAQs on QRMP scheme

12 February 2021 at 05:36

The Quarterly Return and Monthly Payment Scheme aims to simplify compliance for small taxpayers. In this news piece, CBIC has answered the 14 most important FAQs on the scheme.

Posted in GST | 1 comments | 4971 Views

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

12 February 2021 at 05:34

CBIC, vide Notification No 82/2020 – Central Tax, dated 10th Nov. 2020, has revised Rule 61 of the Central Goods and Services Tax Rules, 2017 to provide for staggered filing of Form GSTR-3B for the tax periods from January 2021.

Posted in GST | 5724 Views

GST Portal | Functionality to opt in for Composition Scheme for FY 2021-22 now available

11 February 2021 at 05:24

Functionality to opt in for composition has been made available for FY 2021-22 in the Dashboard of taxpayers at Common Portal.

Posted in GST | 5901 Views

Know more about - QRMP scheme and how to furnish details in IFF

11 February 2021 at 05:21

To know more about QRMP scheme; please visit https://bit.ly/3oZgBU1 and for furnishing details in IFF and furnishing tax details PMT06; please visit https://bit.ly/3aMU7Rg.

Posted in GST | 3537 Views

DGGI Gurugram arrests man for fraudulently availing ITC of more than Rs 69 crore

10 February 2021 at 20:37

DGGI Gurugram Zonal Unit (GZU), Haryana has arrested one Shei Surender Kumar Gupta resident of New Delhi on charges of availing and passing on fake input tax credit by way of receipt/issuance of invoices without any actual supply of goods or services.

Posted in GST | 1626 Views

DGGI Gurugram arrests man for fraudulently availing ITC of Rs 376 crore through 7 fake firms

10 February 2021 at 20:37

DGGI Gurugram Zonal Unit (GZU), Haryana, has arrested Shri Ritesh Aggarwal, resident of Bahadurgarh, Haryana on charges of passing and availment of fake ITC.

Posted in GST | 1893 Views

CGST Officials arrest one involved in fake ITC of Rs. 82.23 crore

10 February 2021 at 05:33

In the ongoing drive against fake billing operations, the officers of CGST Commissionerate, Delhi East, have unearthed a multi-layered network of fictitious firms being used by their operators to generate and pass on fake ITC.

Posted in GST | 1851 Views

Payment of Tax by Fixed Sum Method under QRMP Scheme

05 February 2021 at 05:54

W.e.f. 1st January 2021, two options are available to the taxpayers who are under the QRMP Scheme for tax payment for the first 2 months of a quarter i.e Fixed Sum Method and Self-Assessment Method.

Posted in GST | 1 comments | 11889 Views