GST News

Minister calls CBIC officers to make India GST the best in the world

The Minister of State for Finance & Corporate Affairs, Shri Anurag Singh Thakur calls upon all the Officers of CBIC to make GST in India the best GST available in the world;GST Day Celebrations organized by the Central Board of Indirect Taxes &am

Utilisation of IGST Credit while Filing Form GSTR-3B

Booklet released on GST on MSME by FM

Introduction In accordance with the provision of Micro, Small and Medium Enterprises Development (MSMED) Act, 2006 the Micro, Small and Medium Enterprises (MSME) are defined according to their annual revenue (i.e. sales) of business. As approved by t

Multiple notifications issued on GST by CBIC

Notification No Subject Notification No : 32/2019-Central Tax Seeks to extend the due date for furnishing the declaration FORM GST ITC-04 Notification No : 31/2019-Central Tax Seeks to carry out changes in the CGST Ru

Reforms in GST this fiscal as it celebrates second anniversary

2nd anniversary of Goods & Services Tax to be celebrated on 1st July 2019The second anniversary of Good & Services Tax (GST) will be celebrated tomorrow with Hon’ble Union Minister of State of Finance and Corporate Affairs Shri Anurag T

GST intelligence officer arrests man for fraudulently passing ITC of Rs 16.54 crores

The Regional Unit, Rohtak of the Directorate General of GST Intelligence (DGGI) arrests one person who was found involved in issuing fake invoices from various firms without actual movement of goods having taxable value of Rs. 146.62 crore and fraudu

Difficulty in amending invoices reported in Form GSTR 1 for FY 2017-18

1. Some taxpayers have reported that they are not able to amend the invoices reported in their Form GSTR 1, pertaining to financial year 2017-18.2. In this context attention of taxpayers is brought to point number 3 of the Removal of Difficulty Order

17.58 crore GSTR-3B returns filed till 17th June 2019

The implementation of GST has led to the removal of cascading effect of taxes in the economy as well as promoting free movement of goods across States, thereby creating �one nation, one market�. A simplified tax regime has resulted in red

Proposal to integrate a FASTag Bank Mechanism with e-way bill

The Government proposes to integrate a FASTag Bank Mechanism with e-way bill and Logistic Data Services to track movement of goods and check GST evasion. The Government is contemplating integration of E-Way Bill mechanism of GST with FASTag System of

One person arrested for taking 16 crore fraudulent ITC credit

The Directorate General of GST Intelligence Hqrs. arrests one person in connection with the taking by two firms ITC fraudulently to the tune of more than Rs.16 CroreThe Directorate General of GST Intelligence Hqrs. (DGGI Hqrs.) has arrested one perso