The gross GST revenue collected in the month of February 2021 is ₹ 1,13,143 crore of which CGST is ₹ 21,092 crore, SGST is ₹ 27,273 crore, IGST is ₹ 55,253 crore and Cess is ₹ 9,525 crore.
The Ministry of Finance, Department of Expenditure has on Friday, released the 18th weekly instalment of Rs. 4,000 crore to the States to meet the GST compensation shortfall. 94% of the estimated shortfall released.
In view of the difficulties expressed by the taxpayers in filing GSTR-9 and GSTR-9C, the Government has decided to further extend the due date for furnishing the same for the financial year 2019-20 to 31.03.2021.
The officers of CGST Commissionerate, Delhi East have unearthed a network of fictitious firms used by their operator to generate and pass on fake Input Tax Credit (ITC) of Goods and Services Tax (GST).
The CGST & Customs Meerut Zone, via their official Twitter handle, has made the public aware of the unearthing of fake invoicing GST cases worth Rs. 240 crores. As per the officials, a total of 12 persons have been arrested following these cases.
Advisory on Annual Return (GSTR-9) and Advisory on Reconciliation Statement (GSTR-9C) by GSTN has been listed here.
KSCAA has written a representation letter to the Finance Minister seeking an extension in the due date for furnishing GSTR 9 and 9C for FY 19-20 to 31st May 2021.
CBIC has issued a clarification in respect of applicability of Dynamic Quick Response (QR) Code on B2C invoices and compliance of notification 14/2020 - Central Tax dated 21st March 2020.
The taxpayers are advised to ensure that values are reported upto two decimal places in the GSTR-9 offline utility.
Upcoming Various Important Due Dates related to Income Tax, GST, Corporate Law etc. has been listed here in this news piece.
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