GST

GST Taxpayers
GSTN

Extension in dates of various GST Compliances for GST Taxpayers

Government has extended the dates of various compliances by Taxpayers under GST, through Central Tax Notification Nos. 10/2021, 11/2021, 12/20211, 13/2021, 14/2021, all dated 1st May, 2021. The details are summarized below: D. Filing of Form GSTR-1/IFF by Normal Taxpayers: Sl.No. Return Type(Form) To be filed by Tax period Due Date Due Date Extended till 1 Form GSTR-1 (Monthly) Normal…

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Updates inNew Functionalities made available for Taxpayers in April, 2021
GST PORTAL

Module wise new functionalities deployed on the GST Portal for taxpayers

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. Various webinars are also conducted as well informational videos prepared on these functionalities and posted on GSTNs dedicated YouTube channel for…

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COVID-19 relief material
COVID-19 relief material

Ad hoc Exemption from IGST on imports of specified COVID-19 relief material donated from abroad

As customs duty is already exempt , these imports will not attract any customs duty or IGST In view of the COVID-19 pandemic, the Central Government has issued notifications exempting Basic Customs Duty and/or Health cess on imports of a number of COVID-19 related relief materials, for a limited period. These include– S. No. Notification…

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gstr 3b
GSTN

Government announces various relief measures for taxpayers under GST law in view of severe COVID-19 pandemic

In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances under Goods & Services Tax (GST) law due to the outbreak of the second wave of COVID-19 pandemic, the Government has issued notifications, all dated 1st May, 2021, providing various relief measures for taxpayers. These measures are explained below:  1.      Reduction…

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GST COLLECTION
GST COLLECTION MONTH WISE

GST Revenue collection for April’ 21 sets new record

GST Revenue collection for April’ 21 sets new record Rs. 1,41,384 crore gross GST revenue collected The gross GST revenue collected in the month of April’ 2021 is at a record high of Rs. 1,41,384 crore of which CGST is Rs. 27,837 crore, SGST is Rs. 35,621, IGST is Rs 68,481 crore (including Rs. 29,599 crore collected on import of goods) and…

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In & Outs of Input Service Distributor Protecting the Recipient
Input Service Distributor (ISD) under GST

In & Outs of Input Service Distributor Protecting the Recipient

To ease the doing of business in various locations in India with modest tax compliances, the concept of centralized registration and input service distributor has been taken from the previous indirect tax laws. Both of these notation was envisaged in service tax law i.e. Chapter V of Finance Act, 1994. The method was being initiated…

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Extend due dates of Income Tax & GST Compliance of April-2021
TAX EXTENSION – CAIT

Extend due dates of Income Tax & GST Compliance of April-2021 – CAIT

Confederation of All India Traders has requested for extension of due dates of  Income Tax and GST Compliance in the month of April-2021. Confederation of All India Traders(An Apex Body of Trade Federations, Associations & Non-Corporate Sector of India)“Vyapar Bhawan”925/1,Naiwala, Karol Bagh,New Delhi-110005.Phone: +91-11-45032664, Telefax:+91-11-45032665E-mail: teamcait@gmail.com Website: http://www.cait.in Ref. No. 3197/1/50   Dated: 19th April, 2021 Smt. Nirmala SithramanHon’ble Minister for…

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