GST News

Rs. 1,12,020 crore of gross GST revenue collected in August 2021

01 September 2021 at 19:35

The gross GST revenue collected in the month of August 2021 is Rs. 1,12,020 crore of which CGST is Rs. 20,522 crore, SGST is Rs. 26,605 crore, IGST is Rs. 56,247 crore and Cess is Rs. 8,646 crore.

Posted in GST | 1812 Views

Date for Filing Application for Revocation of Cancellation of Registration Extended

31 August 2021 at 05:52

Where the due date of filing of application for revocation of cancellation of registration falls between 1st March 2020 to 31st August 2021, the time limit for filing such application has been extended up to 30th September 2021.

Posted in GST | 2 comments | 8703 Views

CBIC extends the timeline for filing of the application for revocation of cancellation of registration

30 August 2021 at 08:57

CBIC has extended the timelines for filing of application for revocation of cancellation of registration to 30th September 2021, where the due date falls between 01.03.2020 to 31.08.2021.

Posted in GST | 2583 Views

CBIC amends Form GST ASMT-14 via CGST (Seventh Amendment) Rules, 2021

30 August 2021 at 08:57

The filing of FORM GSTR-3B and FORM GSTR-1/ IFF by companies using EVC, instead of DSC has already been enabled for the period from 27.04.2021 to 31.08.2021. This has been further extended up to 31st October 2021.

Posted in GST | 2541 Views

CBIC extends late fee amnesty scheme to 30th November 2021

30 August 2021 at 08:57

The last date to avail benefit of the late fee amnesty scheme has now been extended from existing 31st August, 2021 to 30th November, 2021.

Posted in GST | 3048 Views

Extension of closing date of late fee amnesty scheme and time limit for filing of application for revocation of cancellation of registration under GST Act

30 August 2021 at 05:59

Extension of the closing date of late fee amnesty scheme and extension of time limit for filing of application for revocation of cancellation of registration will benefit a large number of taxpayers who could not file their returns in time.

Posted in GST | 7044 Views

Advisory on HSN and GSTR-1 Filing

27 August 2021 at 05:55

In accordance with Notification No. 78/2020 - Central Tax, dated October 15, 2020, taxpayers need to declare Harmonised System of Nomenclature (HSN) Code of Goods and Services supplied by them on raising of tax invoices, with effect from 1st April 2021.

Posted in GST | 9132 Views

Implementation of Rule-59(6) on the GST Portal

27 August 2021 at 05:50

This Rule will be implemented on GST Portal from 1st September, 2021. On implementation of the said Rule, the system will check that whether before the filing of GSTR-1/IFF of a tax-period, the following has been filed or not.

Posted in GST | 1 comments | 10425 Views

2 more arrested by DGGI Gurugram Unit for ITC fraud

25 August 2021 at 18:22

DGGI has arrested, Sh Manish Modi, Chartered Accountant, resident of Pitam Pura, New Delhi, on charges of creation of running racket of fake firm in order to fraudulently pass on fake Input Tax Credit (ITC), without actual supply of goods or services.

Posted in GST | 6279 Views

Avoidance of GST by E-commerce Companies

17 August 2021 at 05:46

CAIT has sent an important communication to all CM's drawing their attention towards GST avoidance by e-commerce players causing huge loss of GST revenue to the government and also urged support for E-Commerce Rules under the Consumer Protection Act.

Posted in GST | 4428 Views