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GST News


9th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall

   29 December 2020 at 10:17

A total amount of Rs.54,000 crore released so far to all States and UTs with legislation. This is in addition to additional borrowing permission of Rs.1,06,830 lakh crore granted to the States

Posted in GST |   2820 Views


CBIC releases "Misconceptions Vs. Reality" under Rule 86B

   28 December 2020 at 10:51

The Central Board of Indirect Taxes and Customs, via their official Twitter handle, has released "Misconceptions Vs. Reality" under Rule 86B.

Posted in GST |   8772 Views


Strong Objections against New Provisions in GST raised by Confederation of All India Traders

   26 December 2020 at 17:15

The Confederation of All India Traders has raised strong objections against the new GST provisions, especially the introduction of Section 86B which they feel are detrimental to trade.

Posted in GST |   9402 Views


GST Portal provides facility for Communication between the Recipient and the Supplier Taxpayers on the GST Portal

   26 December 2020 at 15:08

A facility of 'Communication Between Taxpayers' has been provided on the GST Portal, for sending a notification by recipient (or supplier) taxpayers to their supplier (or recipient) taxpayers.

Posted in GST |   3402 Views


Rajasthan becomes 6th State to complete ease of doing business reforms

   26 December 2020 at 12:29

Rajasthan has become the 6th State in the country to successfully undertake the “Ease of Doing Business” reform stipulated by the Department of Expenditure, Ministry of Finance.

Posted in GST |   3120 Views


ICAI releases 4 new handbooks on GST - Downloadable Latest Editions

   24 December 2020 at 10:20

The Institute of Chartered Accountants of India has released Four New Handbooks on GST which talks about Practical FAQs, Finalisation of Accounts, Liability to Pay in Certain Cases, and Returns and Payments under GST.

Posted in GST  2 comments |   17622 Views


CBIC releases "Myths v. Facts" on CGST Notification issued on 22.12.2020 to curb GST Fake invoice frauds

   24 December 2020 at 10:10

CBIC releases "Myths v. Facts" on CGST Notification issued on 22.12.2020 to curb GST Fake invoice frauds

Posted in GST |   3597 Views


GSTN introduces the Quarterly Return Monthly Payment Scheme

   23 December 2020 at 11:56

The QRMP Scheme has been a welcome gift to the small and medium level GST registered taxpayers. Know all about the QRMP Scheme, in this poster released by GSTN on their official Twitter handle: 

Posted in GST |   3309 Views


ITC limit under rule sec 36(4) revised to 5 percent from 10 percent

   23 December 2020 at 11:26

The Central Board of Indirect Taxes and Customs has released the Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020.

Posted in GST |   12537 Views


CBIC appoints 1st January 2021 for provisions of sections 119, 120, 121, 122, 123, 124, 126, 127 and 131 of the CGST Act to come into force

   23 December 2020 at 10:05

CBIC appoints 1st January 2021 for provisions of sections 119, 120, 121, 122, 123, 124, 126, 127 and 131 of the CGST Act to come into force

Posted in GST |   3477 Views