GST News

E-invoices must for businesses with over Rs. 5 crore turnover a year

11 October 2022 at 14:10

Businesses with annual turnover of over Rs. 5 crore will have to move to e-invoicing under goods and services tax (GST) from January 1. The GST Network has asked its technology providers to make the portal ready to handle the increased capacity by De

Posted in GST | 20193 Views

Exporters seek GST exemption on freight

10 October 2022 at 08:48

Indian exporters have urged the government to extend the rupee payment mechanism to more countries, and restore the 18% goods and services tax (GST) exemption on export freight amid the World Trade Organization (WTO)'s forecast hinting at a sharp

Posted in GST | 2610 Views

Govt mulls star rating system under GST to curb illegal ITC

08 October 2022 at 08:37

Aiming to decriminalise offences under GST, the government is working on a provision to raise the threshold limit for launching prosecution and lower charges for compounding of offence, an official said on 28 September.

Posted in GST | 4677 Views

New functionalities deployed on GST Portal for taxpayers - September 2022

07 October 2022 at 08:35

New Functionalities made available for Taxpayers on GST Portal (September, 2022)

Posted in GST | 8148 Views

6-month GST collection of Punjab up by 22%

06 October 2022 at 08:29

Punjab Finance, Planning, Excise and Taxation Minister Harpal Singh Cheema has said Punjab has collected a GST of Rs 10,604 crore during the first six months of the current financial year

Posted in GST | 3411 Views

CBIC clarifies time limit for certain compliances effective from 1st Oct

05 October 2022 at 07:56

Clarification regarding time limit for certain compliances pursuant to issuance of Notification No. 18/2022-Central Tax dated 28.09.2022

Posted in GST | 6654 Views

Exporters call on FM Sitharaman to extend GST exemption on export freight

04 October 2022 at 07:39

Led by the Federation of Indian Export Organizations (FIEO), India's worried exporters have written to Finance Minister Nirmala Sitharaman requesting an extension of the previously-granted exemption from the Goods and Services Tax (GST) on export freight.

Posted in GST | 4581 Views

GSTN issues advisory on re-opening of TRAN forms to claim transitional ITC

01 October 2022 at 16:22

In compliance of the Hon'ble court's directive, the facility for filing TRAN-1/ TRAN-2 or revising the earlier filed TRAN-1/TRAN-2 on the GST common portal by aggrieved taxpayers, is now available on GSTN from 01.10.2022 till 30.11.2022.

Posted in GST | 5106 Views