The gross GST revenue collected in the month of October 2020 is Rs. 1,05,155 crore of which CGST is Rs. 19,193 crores, SGST is Rs. 25,411 crores, IGST is Rs. 52,540 crores, and Cess is Rs. 8,011 crores.
CGST officials bust racket for generating fraudulent input tax credit through fake billing of around Rs 1,278 crores.
GST Portal releases tutorial on Filing NIL Form CMP-08 statement through SMS
On the recommendations of the GST Council, CBIC has extended the due date for filing FORM GSTR-9/GSTR-9A and FORM GSTR-9C for FY 2018-19 from 31st October 2020 to 31st December 2020. Read the official announcement here.
The facility to file GSTR 3B and GSTR-1 with the EVC in lieu of DSC extended to the registered person, who are also registered under the Companies Act, 2013, shall be withdrawn w.e.f. 1st Nov. 2020.
The six leading Chartered Accountants' Societies of India have made a representation to the Finance Minister Smt. Nirmala Sitharaman to extend the due dates for filing of returns for AY 2020-21.
AIMTPA team has made a request to the FM stating prevalent issues that are being faced by taxpayers and professionals regarding GST. FM requested to take notice of Late Fees, Departmental Audit, Rule 36(4), and other GST Provisions amidst COVID-19.
To operationalize the Special Window to States for meeting the GST Compensation Cess shortfall of` Rs. 1,10,000 crore the GoI borrowing calendar is being modified in consultation with RBI.
The Department of Expenditure, Ministry of Finance, has today granted permission to 20 States to raise an additional amount of Rs.68,825 crore through open market borrowings.
21 States now allowed to mobilize Rs.78,452 crore in addition to Rs 1.1 lakh crore to meet the shortfall arising out of GST implementation
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