The Central Government, on recommendations of the Council, has released the Central Goods and Services Tax (Thirteenth Amendment) Rules, 2020
Rajasthan decides to go for Option-1 to meet the GST implementation shortfall
The Ministry of Finance, under its “Special Window to States for meeting the GST Compensation Cess shortfall,” will be releasing an amount of Rs 6000 crores as a second tranche to 16 States and 3 Union Territories.
The e-Invoice initiative completes one month on 31st October. More than 495 Lakh e-invoices have been generated on the NIC portal by 27,400 taxpayers within the first month of the introduction. 641 Lakh e-way bills generated during the month.
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EVC in lieu of DSC extended to the registered person, who are also registered under the Companies Act, 2013, shall be withdrawn w.e.f. 1st Nov. 2020.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.