GST News

Amendment in IT Rule 10CB in respect of computation of interest income

Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Direct Taxes New Delhi, 20th June, 2018Amendment in Rule 10CB of IT Rules, 1962 in respect of computation ofinterest income pursuant to secondary adjustment u/s 92CE of IT Ac

Process adopted for Refund of IGST paid on export of goods

Process Adopted for Refund of IGST Paid on Export of Goods and Facility to Track Transmission of Invoice Data to ICEGATE: How to correctly file Invoice date details in Table 6A of Form GSTR-1

GST lead to formalisation of economy says Govt

Historic tax reform, the Goods and Service Tax (GST), has resulted in formalization of economy and consequently, information flow would eventually augment not only the Indirect Tax collections but also Direct Tax collections. In the past, the Centre

Change of email and mobile number under GST system

Complaints are being received from taxpayers that the intermediaries who were authorized by them to apply for registration on their behalf had used their own email and mobile number during the process. They are now not sharing the user credentials wi

ICAI asks GST council to host GST AAR rulings on a website

Rs 94016 crore GST collected for May 2018

Rs 94,016 Crore of total gross GST revenue collected in May2018

Extension of filing GSTR-6 to June 2018

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsNotification No. 25/2018 � Central TaxNew Delhi,

Intra state eWay bill roll out in Punjab,Tamil Nadu and other states

Roll out of e-Way Bill system for intra-State movement of goods in Chhattisgarh, Goa, Jammu & Kashmir, Mizoram, Odisha, Punjab, Tamil Nadu and West BengalAs per the decision of the GST Council, e-Way Bill system for inter-State movement of goods

Special GST refund fortnight from 31st May to 14th June

Refunds of GST have been a concern for both the Government and Trade for the past several months. Till now, the Government has sanctioned more than Rs 30,000 crore as GST Refund. This includes an amount of Rs 16,000 crore of IGST and Rs 14,000 crore

Tracking ARN for Exports now available on GST Portal

The system will now give one of following status:a) Refund confirmation received from ICEGATE on <date>: This implies that the ICEGATE has completed the processing and has reverted with confirmation to the GST System.b) Refund record rejected b