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GSTR-3B Due Dates
GSTR-3B for the Taxpayer whose turnover is more than 5 crores in preceding financial year.Tax PeriodDue DateInterest waived off TillDate from Interest 9% “p.a” till date 24th June,20Date from Interest...
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Extension of due date of Form GSTR-4 under consideration
CBIC has clarified on its twitter handle that Representations have been received on non-availability and extension of date of FORM GSTR-4 for FY 2019-20 on the GST portal. The matter of extension of d...
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Upsurge in E-way bills signals to green shoots in economy
More than 4.27 crore E-Way Bills generated in June 2020 against average of 5.3 cr per month of pre-COVID period.Value of E-way bills generated in June is close to pre-lockdown figures.Unlock 2.0 set t...
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Updated Central Goods and Services Tax Rules, 2017
This article have updated Central Goods and Services Tax Rules, 2017 / CGST Rules, 2017, which were initially released on 19th June 2017 and amended by various notifications issued from time to time....
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Message of Hon’ble MOS (Finance) on GST Day
MINISTER OF STATE FOR FINANCEAND CORPORATE AFFAIRSGOVERNMENT OF INDIANEW DELHI-110001Message of Hon’ble MOS(Finance) on GST DayI am happy to note that we have completed 3 years today since the launch...
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SMS filing of NIL statement of FORM GSTR-1
The facility of SMS filing of NIL statement of FORM GSTR-1 is going to start from 1st week of July 2020A taxpayer may now file NIL Form GSTR-1, through an SMS, apart from filing it through online mode...
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Late Fee Waiver From GST Late Payments
The Central Board of Indirect Taxes and Customs (CBIC) announced a conditional waiver of the late fee had been provided for taxpayers as a relief to businesses amid the pandemic on June 27, 2020.Earli...
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Relaxation of Late Form GSTR 3B Filing fees
The Central Board of Indirect Taxes & Customs (CBIC) vide Notification No. 57/2020-Central Tax dated June 30, 2020 has capped the Late Fee for Form GSTR 3B at maximum Rs. 500 (i.e. Rs. 250 for CGST an...
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Rs. 90,917 crore gross GST revenue collected in June 2020
Ministry of FinanceGST Revenue collection for June, 2020Posted On: 01 JUL 2020 12:51PM by PIB DelhiThe gross GST revenue collected in the month of June, 2020 is Rs. 90,917 crore of which CGST is Rs. 1...
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DGGI booked a case against unregistered Pan Masala/Gutkha manufacturing unit
Ministry of FinancePosted On: 01 JUL 2020 2:17PM by PIB DelhiActing on specific intelligence the Directorate General of Goods and Service Tax Intelligence, Headquarters (DGGI, Hqrs) has unveiled an un...
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GSTN launches SMS facility for Nil Filing of GSTR-1
Press ReleaseGSTN launches SMS facility for Nil Filing of GSTR-1, Appeals taxpayers to send SMS in the prescribed format– 12 lakh Taxpayers would be benefitted– Facility of filing GSTR-3B through SMS...
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Credit of CVD & SAD paid post 01.07.2017 under Advance Authorisation Scheme-Importers left remediless
The GST Policy Wing has vide its Letter dated 22.06.2020 issued its comments on Writ Petitions relating to Transitional Provisions.On the specific issue of credit of CVD and SAD paid on non-fulfilment...
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RVAT: Extend due dates for C-form submission & ITC mismatch
THE RAJASTHAN TAX CONSULTANTS’ ASSOCIATIONDate: June 20,2020To,The Hon’ble Chief Minister,Government of Rajasthan,JaipurSub: Request for extension of due dates for submission of C-forms and ITC mismat...
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Blanket late fee exemption unfair to taxpayer filing GST return before 24.06.2020
CBIC on Twitter on 26.06.2020As part of COVID relief package announced in March 2020, a conditional waiver of late fee had been provided for all the taxpayers.Accordingly, for taxpayers having turnove...
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File application for Revocation of Cancellation latest by 30th September 2020
The Central Government, vide Order No. 01/2020-CT dated 25.06.2020, has provided an opportunity to the taxpayers whose registration was cancelled on or before 12th June 2020, to file an application fo...
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CBIC issues 9 GST Notification & one Instruction on 24.06.2020
CBIC has issued one GST Instruction, Two IGST Notifications, 6 CGST Notifications and one UTGST Notification on 24th June 2020. Notifications are for notifying relaxation in GST Interest Rate & Late F...
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CBIC Begins Using e-Office in all CGST and Customs offices
Ministry of FinancePosted On: 15 JUN 2020 4:52PM by PIB DelhiShri M. Ajit Kumar, Chairman, Central Board of Indirect Taxes and Customs (CBIC) launched the e-Office application in over 500 CGST and Cus...
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Highlights of 40th GST Council Meeting dated 12th June 2020
Recommendation of 40th GST Council Meeting dated 12th June 2020Following relaxation was recommended in GST Council Meeting for filing of GSTR Returns dated 12-06-20201 Relaxation for July-17 to Jan 20...
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Recommendations of 40th GST Council Meeting
A. Reduction in Late Fee for Past ReturnsLate Fee for non-furnishing FORM GSTR 3B for the tax period July, 2017 to January, 2020 has been waived as under:-NIL late fee if there is no tax liability;-ma...
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40th GST Council Meeting gives Relief from Interest & Penalty
Key outcome of 40TH GST council meeting – The 40th GST COUNCIL met under the chairmanship of Union Minister for Finance & Corporate Affairs Nirmala Sitharaman here today.Read- Recommendations of 40th...