GST News

Amount paid to states under GST

29 March 2018 at 12:12

Balance claim of States under GST The Government is providing claims to the States under GST. As per provisions in Section 7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States shall be calculated and compensation for loss of

Posted in GST | 3741 Views

GST revenue collection for feb stands at Rs 85174 crore

28 March 2018 at 10:41

GST revenue collections for February 2018 (received in February/March upto 26th March) stand at Rs. 85,174 crore; Rs. 14,945 crore collected as CGST, Rs. 20,456 crore collected as SGST; Rs. 42,456 crores collected as IGST and Rs. 7,317 crores collect

Posted in GST | 2 comments | 7074 Views

CBEC notifies dates for GSTR 3B and Eway bill

24 March 2018 at 17:51

Seeks to prescribe the due dates for filing FORM GSTR-3B for the months of April to June, 2018[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]Government of IndiaMinistry of Finance(Department of Revenue)Ce

Posted in GST | 7 comments | 9678 Views

53.94 lakh GSTR 3B return filed till date

24 March 2018 at 11:02

The month-wise consolidated figures of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Cess collected by the Government since July 1, 2017 is as under:(Amount in Rs. Crores)

Posted in GST | 4938 Views

States Exempted from Tax Refund after GST

23 March 2018 at 11:22

The North Eastern and Hilly States have not been provided exemption from tax refund till March, 027 under GST. The GST Council in the meeting held on 30.09.2016, had decided that all entities exempted from payment of indirect tax under the then exist

Posted in GST | 12240 Views

Clarity provided on Eway bill

23 March 2018 at 11:01

The government has received various representations from Association of Exporters as well as Corporate Bodies seeking clarity on e-way bill regarding the movement of goods from dry-ports to seaports and from SEZs within the zone. Some of the queries

Posted in GST | 5694 Views

Steps taken for rationalisation of GST policy measures

19 March 2018 at 10:40

Goods and Services Tax Rate and Policy Based on the various representations received from the trade and industry, the GST Council has recommended a number of measures pertaining to change in Goods and Services tax rate and policy including the GST ra

Posted in GST | 1 comments | 2856 Views

Rs 3579 crore tax collected but not deposited by service providers

19 March 2018 at 10:40

The Government is aware of instances where taxes are collected by many service providers, hoteliers, traders etc. from the customers but are not deposited in the Government’s account. Based on specific intelligence collected, detailed investiga

Posted in GST | 8 comments | 15705 Views

Division of assessees under GSTN

14 March 2018 at 14:45

The division of assesses between Centre and State is decided by the Centre and State Governments. GSTN got an application developed using which Central and State tax authorities have uploaded the data on allocation of migrated taxpayers in the GST Sy

Posted in GST | 2 comments | 6183 Views

Recommendations made during the 26th meeting of the GST Council

10 March 2018 at 17:39

Return filing SystemThe present system of filing of GSTR 3B and GSTR 1 is extended for another three months i.e., April to June, 2018 till the new return system is finalized. A new model was discussed extensively and Group of Ministers on IT has been

Posted in GST | 2 comments | 7434 Views