GST News

14th Instalment of Rs. 6,000 crore released to the States to meet the GST compensation shortfall

03 February 2021 at 14:05

A total amount of Rs. 84,000 crore released so far to all States and UTs with legislature. This is in addition to additional borrowing permission of Rs. 1,06,830 crore granted to the States.

Posted in GST | 1116 Views

GST Audit to continue for FY 2019-20, clarifies CBIC

03 February 2021 at 05:39

CBIC notifies that Sections 35 and 44 of CGST Act are proposed to be amended in Finance Bill 2021. However, these proposals will come into effect from a date to be notified later. For FY 2019-20, the existing provisions shall continue.

Posted in GST | 19284 Views

Know how to match Form GSTR-2B with Purchase Register using a Matching Tool

03 February 2021 at 05:43

Watch to know how you can match Form GSTR-2B with Purchase Register using a Matching Tool

Posted in GST | 4725 Views

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

02 February 2021 at 05:44

Taxpayers are hereby advised not to wait for the complete auto-population, and instead proceed with preparation and filing of GSTR-1 (by the due date), based on actual data as per their records.

Posted in GST | 2 comments | 2919 Views

GST Audit scrapped as Budget omits section 35(5) from GST Act

01 February 2021 at 14:27

GST Audit scrapped as Budget omits section 35(5) from GST Act to allow self-certification. Here is the updated amendment.

Posted in GST | 41739 Views

GST Revenue collection for January 2021 almost touches Rs.1.20 lakh crore

31 January 2021 at 23:49

The GST revenues during January 2021 are the highest since the introduction of GST and has almost touched the Rs. 1.2 lakh crore mark, exceeding the last month’s record collection of Rs. 1.15 lakh crore.

Posted in GST | 1 comments | 1542 Views

Monthly Gross Revenue GST collections Cross 1 Lakh Crore mark for 3 Months in a row

31 January 2021 at 07:55

Capital Expenditure for April to December 2020 stands at 3.14 Lakh Crore which is 24% higher than corresponding period of previous year

Posted in GST | 1 comments | 3792 Views

Module wise new functionalities deployed on the GST Portal for taxpayers

30 January 2021 at 05:58

Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics

Posted in GST | 9801 Views

127 Associations to Protest on 29th January 2021 outside CGST Offices

29 January 2021 at 05:47

WMTA had called for an All India Protest on 29th January 2021, outside CGST Office in Each District/City of Whole India against the rigid approach of the Central Government, in not extending the due dates for filing GST Returns.

Posted in GST | 1 comments | 6837 Views

CAAS writes a representation letter to PM on issues concerning GST,MCA and IT

28 January 2021 at 05:51

CAAS has written a representation letter to the PM Shri Narendra Modi, expressing their dissent over actions and approach of FMO with relation to GST, Income Tax, MCA etc. The letter also contains their demands in these areas.

Posted in GST | 4 comments | 17727 Views