Tag: <span>GST</span>

GST

Latest GST News, Information, Notifications & Announcements [Period 10/01/22 to 16/01/22]

VIPUL KHANDHARJanuary 17, 2022January 17, 2022

GST News - Get latest GST news, updates, announcements, information, and stories in India. Stay updated with all the current notifications GST WEEKLY UPDATE : 1. GePP-On new functionalities for generating E...

GST

GST System mistake in calculating late fee, now giving notice of dues to businessmen

TaxtimesJanuary 16, 2022January 16, 2022

Due to a new exploit of GST Network (GSTN), businessmen are facing new problems. GSTN made a mistake in calculating the late fee charged from the traders in the past....

GST

Latest GST News, Information, Notifications & Announcements [Period 03/01/22 to 09/01/22]

VIPUL KHANDHARJanuary 10, 2022January 10, 2022

GST WEEKLY UPDATE : 41/2021-22 (09.01.2022) 1. GST portal allow to file Option to sent request to supplier for filling of GST return: The tab/ option Communicate on GST portal...

GST

GSTN Issues Advisory on Revamped Search HSN Code Functionality

taxconceptJanuary 7, 2022January 7, 2022

A revamped & enhanced version of Search HSN Functionality has been launched on the GST Portal. Advisory on Revamped Search HSN Code Functionality The Search HSN functionality was earlier given as a...

GST

New functionalities deployed on the GST Portal for taxpayers, refer to table below

taxconceptJanuary 6, 2022January 6, 2022

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...

GST

New GST Update: Implementation of Rule-59(6), as amended, on GST Portal

taxconceptJanuary 3, 2022January 3, 2022

1. As per Notification No. 35/2021 – Central Tax dated 24th September 2021, clause (a) of the sub-rule (6) of Rule 59 of CGST Rules, 2017 was amended. By way...

GST

Latest GST News, Information, Notifications & Announcements [Period 27/12/21 to 02/01/22]

VIPUL KHANDHARJanuary 3, 2022January 3, 2022

1. GST Tax Rates For Textile Industry: In 46th GST Council Meeting, it is decided that the existing rates in the textile sector would continue beyond 1st January, 2022. 2....

GST

GST Commissionerate unearth GST Evasion by cryptocurrency exchange WazirX

TaxtimesDecember 31, 2021December 31, 2021

GST Mumbai East Commissionerate unearth GST Evasion by cryptocurrency exchange WazirX The Commissionerate have detected GST Evasion of Rs 40.5 Crores; recovered Rs 49.20 Crores in CashPosted Date:- Dec 31,...

COMPLIANCE CALENDAR TC

Corporate Compliance Calendar for January, 2022

CS LALIT RAJPUTDecember 31, 2021December 31, 2021

1. Compliance requirement under Income Tax act, 1961 Sl. Compliance Particulars Due Dates 1Due date of depositing TDS/TCS liabilities under Income Tax Act, 1961 for previous month.07.01.20222.Due date for...

GST

New HSN Codes will be implemented w.e.f 01.01.2022

TaxtimesDecember 31, 2021December 31, 2021

New HSN Codes will be implemented w.e.f 01.01.2022. New Harmonized System (HS) Nomenclature (HS 2022) shall come into force w.e.f. 01.01.2022 Significant changes in the HS with a total of...

GST

CGST arrests authorized person of firm for claiming Input Tax Credit against fake invoices

taxconceptDecember 30, 2021December 30, 2021

CGST Navi Mumbai arrests authorized person of firm for claiming Input Tax Credit against fake invoices Firm avails Rs. 5 Crore fictitious Input Tax Credit; accused arrested, sent on judicial...

GST

GSTR 9C Extended

CA Prabhath Sharma GantiDecember 30, 2021

The due date for furnishing annual return in FORM GSTR-9 & self-certified reconciliation statement in FORM GSTR-9C for the financial year 2020-21 has been extended from 31.12.2021 to 28.02.2022. Notification...

GST

Good News for Taxpayers: Govt likely to announce extension of Due Date to file GSTR 9 and 9C for FY20-21

taxconceptDecember 29, 2021December 29, 2021

Sources to @CNBCTV18Live Govt likely to announce extension of Due Date to file GSTR 9 and 9C for FY20-21 from 31st Dec to February 28, 2022. Notification likely soon.

GST

Latest GST News, Information, Notifications & Announcements [Period 20/12/21 to 26/12/21]

VIPUL KHANDHARDecember 27, 2021December 27, 2021

Latest GST News, Information, Notifications & Announcements 1. CHANGES IN HSN CODES AS PER HS-2022 w.e.f 01.01.2022: The WCO has announced the New (Seventh) edition of HSN - HS-2022 w.e.f...

GST

Biggest recovery ever in the history of CBIC

taxconceptDecember 24, 2021December 24, 2021

The biggest recovery has been made so far in the ongoing raids on the premises of first pan masala trader and then perfume trader. Central Board of Indirect Taxes and...

GST

Input Tax Credit for GST assessees only up to invoices matched from January 1

taxconceptDecember 24, 2021December 24, 2021

Finance Ministry has notified January 1, 2022, as the date for norms making 100 per cent invoice matching mandatory under the Goods & Services Tax (GST) regime. This means an...

INCOME TAX SHORTS

GST AND INCOME TAX ON CRYPTOCURRENCIES

CS Tanuj SaxenaDecember 22, 2021December 22, 2021

What is Crypto currency? Crypto currency is a virtual or digital representation of money’s worth. Crypto currency is a digital currency that can be exchanged online for goods and services,...

GST

Latest GST News, Information, Notifications & Announcements [Period 13/12/21 to 19/12/21]

VIPUL KHANDHARDecember 20, 2021December 20, 2021

1. Clarifications Regarding E-commerce Operators Liable To Pay GST On Restaurant Services: CBIC clarified that the e-commerce operators are liable to pay GST on restaurant services. The GST Council in...

GST

Attention GST Taxpayers! Last due date for filing under this category

taxconceptDecember 19, 2021December 19, 2021

Attention GST Taxpayers who are not under QRMP Scheme! Due date to file your monthly GSTR-3B Return for the month of November, 2021 is December 20, 2021. Filing of GSTR...

GST

list of GSTINs generating IRN has been issued by NIC

taxconceptDecember 18, 2021

List of GSTINs generating IRN List of GSTINs generating IRN (Last Updated: 16/12/2021) Download

GST

GST on service supplied by restaurants through e-commerce operators

TaxtimesDecember 17, 2021December 17, 2021

CBIC-190354/207/2021-TRU Section-CBEC Government of India Ministry of Finance Department of Revenue **** North Block, New Delhi, Dated the 17th December, 2021 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/...

GST

Fake Invoices; fraudulent transaction of Rs. 6.23 Crore

TaxtimesDecember 15, 2021December 15, 2021

Anti-evasion Wing, Central Goods and Services Tax Bhiwandi Commissionerate, Mumbai have busted a network of fictitious entities in Maharashtra. The entities were involved in availment and utilisation of Input Tax...

COMPLIANCE CALENDAR

Due Date Compliance Calendar December 2021

CS LALIT RAJPUTDecember 9, 2021December 10, 2021

Article compiles due dates of compliance related to GST, Income Tax, ESI, PF Acts which includes compliance related to GSTR-1, GSTR-3B, ITC-04, GSTR-5 & 5A, GSTR-6, GSTR-7, GSTR-8, RFD-10, Due dates for payment of TDS/TCS, Dues...

GST

Latest GST News, Information, Notifications & Announcements [Period 29/11/21 to 05/12/21]

VIPUL KHANDHARDecember 6, 2021December 6, 2021

GST WEEKLY UPDATE : 36/2021-22 (05.12.2021) Amended FORM GST DRC-03 by inserting specific option to make payments w.r.t. DRC-01A: The CBIC vide Notification No. 37/2021 – Central Tax, dated December 1,...

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

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

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...

GST

Role of GSTR-2B in claiming maximum GST input tax credit

GST HEROSeptember 21, 2021September 21, 2021

Role Of GSTR-2B In Claiming Maximum GST Input Tax Credit GST Input Tax Credit is the ‘Elephant in the Room’ when it comes to the GST in India. The GST...

GST

GST return new rule: This rule will change for GST return from January 1

TaxtimesSeptember 21, 2021September 21, 2021

With effect from January 1, 2022, companies in default of payment of summary return and monthly Goods and Services Tax (GST) will not be allowed to file GSTR-1 sales return...

Highlights of 45th GST Council Meeting dated 17th September, 2021

EbizfilingSeptember 20, 2021

Introduction The 45th GST Council Meeting was held on 17th September, 2021 under the charimanship of Honourable Finance Minister Smt. Nirmala Sitharaman. The said Meeting took place at Lucknow, Uttar...

Tag: GST