Category: <span>GST</span>

GST

Key Points to consider before filing GST Returns for the month of September 2021

CA Anil Kumar TennetiOctober 15, 2021October 15, 2021

FY 2020-21 was completed and all the organization are occupied in preparation and submission of Annual filings for the year with various Statutory Authorities. Due dates of the Annual filings...

GST

Government may increase GST, there may be changes in the four-rate system

TaxtimesOctober 14, 2021October 14, 2021

According to a Bloomberg report, the Modi government is considering increasing taxes on some goods and services. The report said that the move is being considered with the objective of...

GST

GST Portal: Important Webinars on some important features of GSTR-2B. Check details

taxconceptOctober 13, 2021October 13, 2021

For creating awareness amongst all the stakeholders, GSTN is holding webinars on some important features of GSTR-2B, as per details given below: Webinar TopicImportant features of GSTR-2BLanguage of webinarHindiEnglishDate 14.10.2021Thursday 14.10.2021ThursdayTime1100 Hrs...

GST

BIG GST Fake Input Tax Credit: 1 arrested by Delhi CGST Officials for fraudulently claiming ITC of Rs 134 crore

taxconceptOctober 13, 2021October 13, 2021

The officers of Central Goods and Services Tax (CGST) Commissionerate, Delhi East, carried out the detailed analysis and unearthed a network of fictitious exporters who were availing and utilizing fake...

GST

Attention GST Taxpayers Who are Under QRMP Scheme

Dhanraj SharmaOctober 13, 2021

Today is the last date to file GSTR-1 for the quarter July- September 2021 for taxpayers who are under QRMP scheme.

GST

Whether RCM is applicable on Renting of Motor Vehicle from an UNREGISTERED SUPPLIER?

CA Anil Kumar TennetiOctober 12, 2021October 14, 2021

Reverse Charge mechanism on Renting of any motor vehicle (Entry 15 of Notification 13/2017 as amended) was introduced with effect from Oct 01,2019. Even though it has been 2 years...

GST

Who Prepared RTI Reply on GST- Government or Taxpayers?

Dhanraj SharmaOctober 12, 2021October 12, 2021

A GST stakeholder filed RTI application to know that how much ITC has been blocked under Rule 86A of the CGST Rules 2017. In reply to the application, concerned officer...

GST

Digital Signing online- A revolutionary way to sign & authenticate documents

GST HEROOctober 11, 2021October 11, 2021

Digital Signing Online –A Revolutionary Way To Authenticate& Sign Your Documents Digital Signatures is the new revolutionary way to sign all your business documents on the go! Digital Signatures are...

GST

Latest GST Portal Weekly News, Information, Judgment, Notifications & Announcements [Period 04/10/21 to 10/10/21]

VIPUL KHANDHAROctober 11, 2021October 11, 2021

GSTN to soon make enhanced facilities of GST Return, Refund, Registration available on GST portal: Returns Auto-Interest Computation in R-3B/CMP-8/R-5Negative Liability in GSTR-3BChanges in Comparison Report Refunds Converting IGST Refund...

GST

Must Join: Webinar on Latest Updates in GST

Dhanraj SharmaOctober 8, 2021October 8, 2021

DGTPS Chennai and CBIC in association with Confederation of Indian Industry (CII) is conducting a Webinar on "Latest updates in GST". Date: Friday, 8th October 2021 Time: 03:00 PM Onwards...

GST

Government of India releases ₹ 40,000 crore to States/ UTs with Legislature in-lieu of GST compensation shortfall

taxconceptOctober 7, 2021

The Ministry of Finance today released an amount of ₹40,000 crore to the States and UTs with Legislature under the back-to-back loan facility to meet the shortfall in GST Compensation. ...

GST

CBIC Issues Clarification in Respect of Rate of Services as Per the Recommendations of 45th GST Council Meeting

taxconceptOctober 6, 2021October 6, 2021

Vide Circular No 164/20/2021-GST, CBIC has issued clarification on rate of services as recommended by the 45th GST Council Meeting. The Circular contains:1.) Services by cloud kitchens/central kitchens2.) Supply of...

GST

Automatic Calculation of Interest in GSTR-3B and Other Upcoming GST Portal Related Updates. Read All Details Here

Dhanraj SharmaOctober 6, 2021October 6, 2021

Important Upcoming GST System Enhancement Auto-Interest Computation in GSTR-3B/GSTR-5/CMP-08 Negetive Liability in GSTR-3B Changes in Tax liabilities and ITC Comparison Report Converting IGST Refund withheld cases at ICEGATE into RFD-01...

GST

How are small businesses accelerating the growth with digital signing

GST HEROOctober 6, 2021October 6, 2021

How Are Small Businesses Accelerating Their Growth With Digital Signing Considering the events taking place from the last two years, it has become essential that small businesses find a new...

GST

Good News: Calcutta High Court Grants Relief in Revocation of Cancelled GST Registration of Taxpayer Who Was Not Able to Carry-Out Business Activities Due to COVID Norms

Dhanraj SharmaOctober 5, 2021October 5, 2021

Calcutta High Court has recently given a judgement in which the court has set aside the order issued by the GST department for rejection of application for revocation of cancelled...

GST

Latest GST PORTAL UPDATE: Resumption of Blocking of E-Way Bill (EWB) generation facility

taxconceptOctober 5, 2021October 5, 2021

1. The blocking of E way bill generation facility had been temporarily suspended by Government on account of Covid pandemic. In terms of Rule 138 E (a) and (b) of...

GST

Latest GST Portal Weekly News, Information, Judicial, Notifications & Announcements [Period 27/09/21 to 03/10/21]

VIPUL KHANDHAROctober 4, 2021October 4, 2021

1. Precaution to be taken before filling of the September-2021 GSTR-1 monthly & quarterly returns & GSTR-3B return · Avail pending ITCp It is the last chance for availing the...

GST

Important GST Due Dates [Table] October, 2021

taxconceptOctober 4, 2021October 5, 2021

COMPLIANCE REQUIREMENT UNDER GST, 2017 Filing of GSTR –3B A. Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY Tax periodDue DateNo interest payable tillParticularsSeptember, 202120th October, 2021 ...

GST

Learn! How to File Payment Related Grievance on GST Portal

Dhanraj SharmaOctober 3, 2021October 3, 2021

User Manual on Filing Payment Related Grievance on GST Portal How can I submit grievances/ complaints regarding GST Portal? OR How can I submit response to the Grievance Officers further...

GST

GST Revenue collection ₹ 1,17,010 crore gross GST revenue collected in the month of September 2021

taxconceptOctober 1, 2021October 1, 2021

The gross GST revenue collected in the month of September 2021 is₹ 1,17,010 crore of which CGST is ₹ 20,578 crore, SGST is ₹ 26,767 crore, IGST is ₹ 60,911 crore (including ₹ 29,555 crore...

GST

Good News: Madras High Court Directed GST Department to Provide Facility to File Revised Form TRAN-1 on GST Portal

Dhanraj SharmaSeptember 29, 2021September 30, 2021

In the case of Bharat Electronics Limited vs Commissioner of GST & Central Excise, Madras High Court has directed GST department to provide facility to file revised form TRAN-1 on...

GST

GST: Government will identify the source of tax evasion, there will be change in IT system

TaxtimesSeptember 28, 2021September 28, 2021

The GST Council, headed by Union Finance Minister Nirmala Sitharaman, had decided to constitute these two ministerial groups on September 17. The Finance Ministry has constituted two committees of state...

GST

Important Update: GSTN is Organizing Webinars on Functionality to Fetch Bill of Entry (BoE) from ICEGATE Portal

Dhanraj SharmaSeptember 27, 2021September 27, 2021

Recently, a self-service functionality has been made available on the GST Portal for taxpayers to fetch the missing Bill of Entry details from ICEGATE if these details are not auto-populated...

GST

ANNUAL COMPLIANCE FOR SECTION 8 COMPANIES

CS LALIT RAJPUTSeptember 27, 2021September 27, 2021

Under the Company Law provisions, the concept of Section 8 companies permitted companies with charitable objects etc. to be registered without the words ‘Limited’ or ‘Private Limited’. Section 8 continues...

GST

Latest GST Portal Weekly News, Information, Judicial, Notifications & Announcements [Period 20/09/21 to 26/09/21]

VIPUL KHANDHARSeptember 27, 2021September 27, 2021

1. CBIC Clarifies Regarding Amount of CGST, SGST, or IGST wrongly paid for Intra-State or Inter-State shall be Refunded within 2 years: CBIC has clarified that the term “subsequently held”...

GST

Aadhar authentication mandatory to get GST refund, CBIC amends rules, which includes various measures to check tax evasion

taxconceptSeptember 26, 2021September 26, 2021

The government has made Aadhaar authentication mandatory for taxpayers to claim GST refund. The Central Board of Indirect Taxes and Customs (CBIC) has amended the GST rules, which include various...

GST

GST: CBIC Issues Clarification in Respect of Refund Under Section 77(1) of the CGST Act and 19(1) of the IGST Act

taxconceptSeptember 25, 2021September 25, 2021

Representations have been received seeking clarification on the issues in respect of refund of tax wrongfully paid as specified in section 77(1) of the Central Goods and Services Tax Act,...

GST

GST: Detailed circular issued relating to 45th GST Council Meeting

TaxtimesSeptember 24, 2021September 24, 2021

Recommendation of 45th GST Council Meeting. 1. Clarification relating to export of services-condition (v) of Section 2(6) of the IGST Act, 2017 has been issued. [embeddoc url="https://t.co/wyZQQhObQP?amp=1"] 2. Detailed circular...

GST

ITC Fraud in GST- Press release Haryana State GST-Intelligence unit

TaxtimesSeptember 23, 2021September 23, 2021

Press release on arrest of Vijay Garg (M/s Shree Shyam Traders) by HGST-IU for ITC fraud in GST.

GST

Reversal of Input Tax Credit | Simplified with example

GST HEROSeptember 22, 2021September 24, 2021

Reversal of Input Tax Credit Under GST | Simplified With Example GST Input Tax Credit is the crux of the GST structure & the main reason that makes GST a...

Category: GST