GST News

New features added in Form GSTR 3B

26 February 2018 at 13:01

Recently, following new functionalities are made available on GST Portal:A) Filing of Form GSTR 3B : Filing of Form GSTR 3B has been made easier and user friendly with following features :a) While proceeding to payment you can see details of balances

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GST had a positive impact on the businesses logistics says industry survey

20 February 2018 at 10:58

Glitches in GSTN portal, cumbersome procedures and documentation and cost of compliance major areas of concernFICCI conducted a survey of enterprises post the implementation of GST in the months of November 2017 to January 2018 to have a reality chec

Posted in GST | 1 comments | 3594 Views

Advisory issued to exporters for correct filing of GST return

12 February 2018 at 10:51

Advisory for exporters on correctly filing Table 3.1(b) of GSTR 3B.Exporters are advised to maintain consistencies between data provided at GST Portal and ICEGATE Portal while filing Table 6A of GSTR-1.Exporters are advised to provide Complete and Co

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GST council reduces rates on certain items

10 February 2018 at 13:55

Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing for the masses come into force;Concessional Rate of GST of 12% extended to construction of houses constructed/ acquired under the Credit Linked Subsidy Schem

Posted in GST | 1 comments | 10770 Views

Implementation of Eway bill postponed

01 February 2018 at 22:07

In view of difficulties faced by the trade in generating e-way bill due to initial tech glitches, it has been decided to extend the trial phase for generation of e-way bill, both for inter and intra-State movement of goods. It shall be made compulsor

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Gross tax collections on track for first eight months of GST era

29 January 2018 at 13:30

The Union Minister for Finance and Corporate Affairs, Shri Arun Jaitley tabled the Economic Survey 2017-18 in Parliament today.

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GST data reveals 50% increase in number of Indirect Taxpayers

29 January 2018 at 13:30

GST data reveals 50% increase in number of Indirect Taxpayers Economic Survey says-Maharashtra, Gujarat, Karnataka, Tamil Nadu & Telangana account for 70% of India’s exports India’s internal trade in goods and services is 60 percent

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Rs 86703 crore revenue collection from GST in December

27 January 2018 at 12:51

Total Revenue Collections under GST for the month of December 2017 stand at Rs. 86,703 crore till 24th January 2018;One crore taxpayers have been registered under GST so far till 24th January, 2018 of which 17.11 lakh are Composition Dealers The tot

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CBEC issues notification on GST

24 January 2018 at 11:26

First Amendment 2018, to CGST RulesReduction of late fee in case of delayed filing of FORM GSTR-1Reduction of late fee in case of delayed filing of FORM GSTR-5Reduction of late fee in case of delayed filing of FORM GSTR-5AReduction of late fee in cas

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Recommendations for Changes in GST rate on certain goods

19 January 2018 at 11:19

The Union Finance Minister Shri Arun Jaitley Chaired the 25th Meeting of the GST Council in New Delhi today. The Council has recommended certain in GST/IGST rate and clarifications in respect of GST rate on Goods specified below as per discussions i

Posted in GST | 6456 Views