GST News

One held by CGST Delhi officials for fraudulently passing on fake ITC of Rs 14.30 crore

16 January 2021 at 08:03

Sh. Nitin Jain, C. A has been arrested under Section 69(1) of the CGST Act’2017 and produced before the Duty Magistrate.

Posted in GST | 1 comments | 5082 Views

CBIC further makes amendments in the CGST Fourteenth Amendment Rules 2020

14 January 2021 at 06:50

The Central Board of Indirect Taxes and Customs has further made amendments to the Central Goods and Services Tax (Fourteenth Amendment) Rules 2020.

Posted in GST | 8196 Views

Due dates for filing of Form GSTR-3B for the Tax Period of December, 2020

13 January 2021 at 16:52

The due date for filing GSTR-3B is 20th January 2021 for taxpayers having an aggregate turnover of more than Rs. 5 crores in the previous FY. For taxpayers having an aggregate turnover of less than Rs. 5 crores, the due date is 22/24 January 2021.

Posted in GST | 7767 Views

Exporter arrested for creating bogus companies for issuance of fake invoices

13 January 2021 at 08:39

Shri Santosh Kumar Singh created 44 fake/bogus companies for issuance of fake invoices and passing on ITC to nine export companies which were involved in fraudulent exports, without the supply of any goods.

Posted in GST | 2166 Views

GST Update - Auto-population of e-invoice details into GSTR-1

12 January 2021 at 08:32

Taxpayers should not wait for the inadvertent gap wherein some invoices are not being populated in GSTR-1 and are advised to proceed with the preparation and filing of GSTR-1, based on actual data as per their records.

Posted in GST | 5415 Views

11th Instalment of Rs.6,000 crore released to the States as back to back loan to meet the GST compensation shortfall

11 January 2021 at 17:45

A total amount of Rs.66,000 crore released so far to all States and UTs with legislationThis is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the StatesThe Ministry of Finance has released the 11th weekly instalmen

Posted in GST | 1086 Views

Further Extension of Income Tax Returns, Tax Audit Reports, GST Returns and Other Compliances requested by 24 GST and Trade Associations

11 January 2021 at 11:32

The All India Joint Representation Committee for GST has written a representation letter to the Finance Minister Smt. Nirmala Sitharaman, for further extension in the due date compliances of various Income Tax, GST, and ROC Return.

Posted in GST | 2 comments | 41331 Views

DGGI Gurugram arrests one for fraudulently availing input tax credit of Rs 8 crores

09 January 2021 at 08:33

Shri Sanjay Goel was arrested on 08.01.2021 and produced before, Duty MM Delhi, who ordered judicial custody. A total fake ITC of more than Rs 8 crore has been thus passed/availed by the accused.

Posted in GST | 4140 Views

Facility to declare invoices on monthly basis for quarterly taxpayers under QRMP scheme has been made available from 01.01.2021

08 January 2021 at 08:30

The Central Board of Indirect Taxes and Customs, via their official Twitter handle, have announced that the facility to declare invoices on a monthly basis, for quarterly taxpayers has been made available from 1st January 2021.

Posted in GST | 2058 Views

GST Update - Aadhaar Authentication/e-KYC for Existing Taxpayers on GST Portal

08 January 2021 at 08:29

All taxpayers registered as Regular Taxpayers (including Casual Taxable person, SEZ Units/Developers), ISD and Composition taxpayers can do their Aadhaar Authentication or e-KYC on GST Portal.

Posted in GST | 2 comments | 4641 Views