GST News

Recommendations regarding E-way Bill made during meeting of the 26th GST Council

10 March 2018 at 17:22

In the 26th meeting held here today, the GST Council has recommended the introduction of e-way bill for inter-State movement of goods across the country from 01st April 2018. For intra-State movement of goods, e-way bill system will be introduced w.e

Posted in GST | 2 comments | 4965 Views

26th GST Council Meeting - Existing system of filing returns has been extended for another 3 months

10 March 2018 at 16:08

FM Arun Jaitley, after 26th GST Council Meeting said that existing system of filing returns has been extended for another 3months and meanwhile, GOM on the IT will look into it & consult tax experts among others.

Posted in GST | 5232 Views

Participation of States in E-Way Bill System

07 March 2018 at 11:13

All States have joined the Government’s centralized e-way bill system for inter-State transport of goods by road under the GST regime. Accordingly, the Government, on the recommendations of the GST Council, appointed the 1st day of February, 20

Posted in GST | 3639 Views

First arrest made under GST for availing false input credit

01 March 2018 at 21:00

Enforcement Action for Fraud in GST Mumbai; Two Businessmen arrested by Officers of CGST, Mumbai for creating fictitious invoices and availing ineligible credit. Officers of CGST Mumbai have arrested two businessmen for creating fictitious invoices

Posted in GST | 3 comments | 13395 Views

GST mops up revenue of Rs 86318 crore in January

28 February 2018 at 10:45

GST Revenue Collections for month of January 2018 (received in January/February upto 25th February) stand at Rs.86,318 crores; 1.03 crore taxpayers have been registered under GST so far till 25thFebruary, 2018. So far 17.65 lakh dealers got registere

Posted in GST | 3408 Views

New features added in Form GSTR 3B

26 February 2018 at 13:01

Recently, following new functionalities are made available on GST Portal:A) Filing of Form GSTR 3B : Filing of Form GSTR 3B has been made easier and user friendly with following features :a) While proceeding to payment you can see details of balances

Posted in GST | 8 comments | 21021 Views

GST had a positive impact on the businesses logistics says industry survey

20 February 2018 at 10:58

Glitches in GSTN portal, cumbersome procedures and documentation and cost of compliance major areas of concernFICCI conducted a survey of enterprises post the implementation of GST in the months of November 2017 to January 2018 to have a reality chec

Posted in GST | 1 comments | 3573 Views

Advisory issued to exporters for correct filing of GST return

12 February 2018 at 10:51

Advisory for exporters on correctly filing Table 3.1(b) of GSTR 3B.Exporters are advised to maintain consistencies between data provided at GST Portal and ICEGATE Portal while filing Table 6A of GSTR-1.Exporters are advised to provide Complete and Co

Posted in GST | 6096 Views

GST council reduces rates on certain items

10 February 2018 at 13:55

Recommendations made by the GST Council for the Housing Sector to promote Affordable Housing for the masses come into force;Concessional Rate of GST of 12% extended to construction of houses constructed/ acquired under the Credit Linked Subsidy Schem

Posted in GST | 1 comments | 10737 Views

Implementation of Eway bill postponed

01 February 2018 at 22:07

In view of difficulties faced by the trade in generating e-way bill due to initial tech glitches, it has been decided to extend the trial phase for generation of e-way bill, both for inter and intra-State movement of goods. It shall be made compulsor

Posted in GST | 29 comments | 35454 Views