GST News


2,86,145 returns have been filed on 30th December up to 7:45 PM on the GST Portal

   31 December 2020 at 10:34

The GST Portal, via their official Twitter Handle has released the daily statistics of Annual GST Returns filed. Know the statistics for 30th December here.

Posted in GST |   2187 Views


GSTN makes taxpayers aware of New Rule 86 (B) on 1% cash payment of the liability

   30 December 2020 at 13:07

The GST Portal, via their official Twitter handle, has made the taxpayers aware of the New Rule 86(B) on 1% cash payment of the liability. Read the poster released on the same, here.

Posted in GST |   8019 Views


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 |   2832 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 |   8835 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 |   9489 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 |   3429 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 |   3135 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 |   17643 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 |   3609 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 |   3321 Views