GST News
Online filing of the application (Form GST EWB 05) by the taxpayer for un-blocking of E-Way Bill generation facility
30 November 2020 at 10:00A facility has now been provided to the taxpayers on the GST Portal, from 28.11.20 onwards, to file an application online for unblocking of their EWB generation facility, in case their EWB generation facility has been blocked on the EWB portal.
CBIC waives the amount of general penalty payable by any registered person under section 125 of the CGST Act
30 November 2020 at 10:00The Government, on the recommendations of the Council, hereby waives the amount of penalty payable by any registered person under section 125 of the CGST Act
Punjab chooses Option-1 to meet the GST implementation shortfall
28 November 2020 at 16:1226 States and all Union Territories with Legislative Assembly have favored Option-1. Punjab will get Rs.8,359 Crores through special borrowing window to meet the GST implementation shortfall
Directorate General of GST Intelligence informs ICAI to take appropriate action against 3 CAs who were arrested in GST Fake Invoice Frauds
26 November 2020 at 09:57Directorate General of GST Intelligence is in the process of informing ICAI to take necessary action for professional misconduct against 3 Chartered Accountants who were arrested in GST Fake Invoice Frauds
Two more States - Kerala and West Bengal choose Option-1 to meet the GST implementation shortfall
26 November 2020 at 09:52Kerala and West Bengal will get Rs. 10,197 crore through a special borrowing window to meet the GST implementation shortfall. Permission to raise an additional Rs.11,309 crore through borrowings also issued to Kerala and West Bengal.
Three persons arrested by the Mumbai Zonal Unit of DG, for indulging in massive frauds involving GST amounting to more than Rs 2350 crores
26 November 2020 at 09:48The Mumbai Zonal Unit of the Directorate General of GST Intelligence, CBIC & Custom, on November 25, 2020, arrested three persons for having indulged in massive frauds involving the availment & utilization, as well as passing on of ineligible ITC
GST Portal releases salient features of Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme
23 November 2020 at 10:01Salient features of the Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme including the Class of RPs with AATO and Default Return Option.
CBIC mandates e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr. from 1st January 2021
19 November 2020 at 16:22From 1-1-2021, Government has mandated e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr. (in any preceding financial year from 2017-18 onwards).
From 1st December 2020, onwards, the blocking of the EWB generation facility would be made applicable to all the taxpayers
17 November 2020 at 11:17The blocking of the EWB generation facility will be made applicable to all the taxpayers irrespective of their AATO from 1st December 2020 onwards.
CBIC releases rules for Quarterly Return Monthly Payment Scheme w.e.f 1st January 2021
16 November 2020 at 16:15CBIC releases rules for Quarterly Return Monthly Payment Scheme w.e.f 1st January 2021
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