GST News

GSTN introduces Single Click NIL filing of GSTR-1

02 August 2022 at 17:39

Single click Nil filing of GSTR-1 has been introduced on the GSTN portal to improve the user experience and performance of GSTR-1/IFF filing.

Posted in GST | 3 comments | 9105 Views

E-invoicing limit reduced from existing Rs. 20 crore to Rs. 10 crore w.e.f. 1st October 2022

02 August 2022 at 08:43

In the said notification, in the first paragraph, with effect from the 1st day of October, 2022, for the words "twenty crore rupees", the words "ten crore rupees" shall be substituted.

Posted in GST | 2 comments | 10950 Views

GST Revenue collection for July second highest ever at Rs. 1.49 lakh crore

01 August 2022 at 14:04

GST Revenue collection for July second highest ever & 28% higher than the revenues in the same month last year

Posted in GST | 3474 Views

Scientists criticise GST hike on scientific equipment in India

25 July 2022 at 08:28

Several scientists have expressed displeasure with the Centre's recent decision to increase Goods and Services Tax (GST) rates on scientific equipment.

Posted in GST | 3087 Views

GSTN issues advisory on upcoming changes in GSTR-3B

23 July 2022 at 08:30

Advisory on upcoming changes in GSTR-3B

Posted in GST | 8478 Views

GSTN introduces new Table 3.1.1 in GSTR-3B for reporting supplies u/s 9(5)

21 July 2022 at 08:36

A new Table 3.1.1 is being added in GSTR-3B as per Notification No. 14/2022 – Central Taxdated 05th July, 2022

Posted in GST | 9957 Views

Implementation of mandatory mentioning of HSN codes in GSTR-1

21 July 2022 at 08:36

Vide Notification No. 78/2020 – Central Tax dated 15th October, 2020, it is mandatory for the taxpayers to report minimum 4 digits or 6 digits of HSN Code in Table-12 of GSTR-1

Posted in GST | 8070 Views

GST compensation to States for loss of revenue arising on account of implementation of GST for a period of 5 years

20 July 2022 at 08:36

As per section 18 of the Constitution Act, 2016, Parliament shall, by law, provide for compensation to the States for loss of revenue arising on account of implementation of the goods and services tax for a period of 5 years.

Posted in GST | 1959 Views

Clarification by FM Nirmala Sitharaman on recent imposition of GST on specified food items

19 July 2022 at 15:30

Recently, the GST Council in its 47th meeting recommended to reconsider the approach for Recently, the GST Council in its 47th meeting recommended to reconsider the approach for imposition of GST on specified food items like pulses, cereals, flour, etc.

Posted in GST | 1 comments | 10776 Views