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Rs. 107 Crore GST Credit Fraud, One Arrested
Chennai, 16 September 2020 – GST and Central Excise Department, Chennai Outer has arrested a 56 year old person from Kodungaiyur area of Chennai city for committing a GST credit fraud of Rs. 107 Crore...
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Two major enhancements on GST portal to make monthly return filing easier
GSTN deployed two major functionalities in view of the simplifying GSTR-3B filing– System will compute liability and Input tax credit availability for the filer– 1.03 crore normal taxpayers are requir...
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4 Representations by ICAI to GST Council on 10th Sep 2020
The Indirect Tax Committee of ICAI have made following 4 representations to GST council on 10 September 2020 which relates to request for Extension of due date of Annual Returns in GSTR-9/GSTR-9A and...
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Decriminalise certain offences under GST Law: ICAI CMA
THE INSTITUTE OFCOST ACCOUNTANTS OF INDIA(STATUTORY BODY UNDER AN ACT OF PARLIAMENT)CMA BHAWAN12, SUDDER STREET, KOLKATA – 700 016.Telephones : +91-33- 2252-1031/1034/1035+ 91-33-2252-1602/1492/1619+...
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GST e Invoice- NIC released updated APIs with improved validations
Version 1.03: Date: 08/09/20201. Help section of e Invoice portal has been updated with new documents.2. The following Improvements have been done in Validations in IRN Generation API.In case of Credi...
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Permit ITC availment for period till 31.03.2020 upto 31.12.2020
Toady Nation Association of Tax Professional (Haryana) submitted a representation to the worthy Finance Minister of India for permitting taxpayers for availment of Input Tax Credit under GST u/s 16 up...
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Defer due date of implementation of E-Invoicing under GST
THE INSTITUTE OFCOST ACCOUNTANTS OF INDIA(STATUTORY BODY UNDER AN ACT OF PARLIAMENT)CMA BHAWAN12, SUDDER STREET, KOLKATA – 700 016.Telephones : +91-33- 2252-1031/1034/1035+ 91-33-2252-1602/1492/1619+...
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Update regarding enabling on GST e-invoice portal
This is with reference to the requirement of certain taxpayers to prepare invoice in terms of Rule 48(4) of CGST Rules (e-invoicing).As a facilitation measure, all the taxpayers who were having aggreg...
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GSTR-2B: Everything you need to know
What is Form GSTR-2B♦ GSTR-2B is an auto-drafted ITC statement generated for the buyer on the basis of the information furnished by his suppliers.♦ It also contains information on import of goods from...
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Permit availment of ITC under GST pertaining to FY 2019-20: ICAI
Request for permitting availment of input tax credit under GST pertaining to Financial Year 2019-20 and correction in GSTR- 1 till March, 2021.Institute of Charted Accountant of IndiaICAI/IDTC/2020-21...
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Request to devise mechanism to receive part payment of GST
Institute of Charted Accountant of India10th September, 2020ICAI/IDTC/2020- 21/Rep/14Shri S K Rahman,Joint Secretary,Goods and Services Tax Council,5th Foor, Tower II, JeevanBhartiBuilding,Janpath Roa...
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Representation on difficulties in filing GSTR 9 for 2018-19
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Set up by an Act of Parliament)ICAI/IDTC/2020-21/Rep/ 1210th September, 2020Shri S K Rahman,Joint Secretary,Goods and Services Tax Council,5th Floor, To...
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Extend due dates of filing GST Annual return & Audit Report
Extension of Annual returns in Form GSTR 9 and GSTR 9A along with GST Audit Certificate in GSTR 9C from September 30, 2020 to December 31, 2020THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Set up by...
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Delinking of Credit/Debit Note from invoice, while reporting in Form GSTR 6
♥ Till now, original invoice number was mandatorily required to be quoted by the taxpayers, while reporting a Credit Note or Debit Note in Form GSTR-6.♥ The taxpayers have now been provided with a fac...
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Extend Filing Date of Annual GST returns GSTR-9 & GSTR-9C
The National Association of Tax Professional (Haryana) submitted a representation to The Worthy Finance Minister of India for extension of date for submission of Annual return form GSTR-9 and GSTR-9C...
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Representation on hardship under GST Laws on account of pandemic
Dated: 14th August 2020ToShri M. Ajit Kumar,ChairmanCentral Board of Indirect Taxes & CustomsNorth Block, Central Secretariat,New Delhi – 110001Email – chmn-cbic@gov.inRespected Sir,Sub : Representati...
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Representation on 7 GST issues & hardships faced by taxpayers
ToShri M. Ajit Kumar,ChairmanCentral Board of Indirect Taxes & CustomsNorth Block, Central Secretariat,New Delhi – 110001Email – chmn-cbic@gov.inRespected Sir,Sub: Representation on Goods and Service...
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Request for non-insistence on Physical Presence for Assessment
National Action Committee of GST Professional (Haryana) submitted a representation to Excise and Taxation Commissioner, Haryana, requesting him to direct the Assessing Authority not to issue the notic...
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58 Defects Fixed for Taxpayers on GST Portal
Defects Fixed for Taxpayers on GST Portal as on 25.08.20201. Refund Module: A check has been incorporated in the application whereby the taxpayer will not be able to submit a Refund Application, if ba...
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System computed values of GSTR-1 to be available in GSTR-3B
System computed values of GSTR-1 Statement (Monthly filers), made available in Form GSTR-3B, as PDF statement on GST Portal1. A pdf statement has been made available to taxpayers, filing monthly GSTR-...