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Updated E-Handbook on GST Amendments
The paradigm shift from origin-based tax to destination based, aligning India to global VAT/ GST based tax from July 1, 2017, is stabilizing and to simplify the implementation of GST Law, the Governme...
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Updated E-Handbook on Job work under GST
ICAI has recently released E-Handbook on Job work under GST-June, 2018To facilitate India to be a manufacturing hub by providing simplified procedures of job work exhibits the endeavour of Government...
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How Dept. perfectly settled ₹7000 crore GST refunds in only 9 days?
How has the GST Department perfectly settled ₹7 thousand crore GST refunds in only 9 days?It is no exaggeration that our country is good to go to witness a kind of fiscal revolution. Obviously, the al...
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View Export Ledger to check IGST difference in Form GSTR 3B & GSTR 1
A hyperlink to “View Export Ledger” on Track Status page has been provided to taxpayers on www.gst.gov.in, to view details of IGST and Cess payment details, return wise, to show them the difference of...
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ICAI submits GST Audit Report Format for Turnover up to 10 Crore
ICAI President CA Naveen N.D. Gupta has written a letter to Hon’ble Union Minister of Finance, Shri Piyush Goyal by which it has submitted GST Audit Report and Statement of Particulars. Extract of the...
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Host all GST advance ruling judgement at one websit
ICAI has requested Government to host all the advance ruling judgement at one website either at CBIC or GST Council. ICAI is Apex Body of Chartered Accountants in India.The Authority for Advance Rulin...
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ICAI Releases updated Background Material on GST
The biggest Indian economic reform is going to complete almost a year of its implementation. With a view to support the Government in this Nation building initiative ICAI has been regularly taking var...
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GST revenue collection for May 2018
Press Information Bureau Government of IndiaMinistry of Finance Dated: 01-June-2018GST revenue collection for May 2018 Rs 94,016 Crore of total gross GST revenue collected in May2018 Gross revenue col...
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Seva Bhoj Yojna to refund CGST and IGST on Langar served in Gurudwaras and other religious/charitable institutions
Government introduces new scheme ‘Seva Bhoj Yojna’Scheme seeks to reimburse Central Share of CGST and IGST on Food/Prasad/Langar/Bhandara offered by Religious InstitutionsThe Ministry of Culture, Gove...
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Govt. notifies date for e-way bill applicability in 8 States for intra-State movement of goods
Press Information BureauGovernment of IndiaMinistry of Finance31-May-2018 17:28 ISTRoll out of e-Way Bill system for intra-State movement of goods in Chhattisgarh, Goa, Jammu & Kashmir, Mizoram, Odish...
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FORM GSTR-6 due date extended till 31.07.2018
The last date for filing of return in FORM GSTR-6 by Input Service Distributors for the months from July, 2017 to June, 2018 is being extended till 31.07.2018. Relevant Notification is as follows:-See...
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Removal of validation for CGST equal to SGST, in table 4B(2) in Form GSTR-3B
The auto population of data in CGST/SGST amount has now been removed in table 4(B) (2) – ‘Others’ of Form GSTR–3B. Instead of system computation of equal amount based on entry of one field, both field...
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Special GST Refund Fortnight from 31.05.2018 to 14.06.2018
Press Release30-May-2018Special Refund Fortnight from 31.05.2018 to 14.06.2018Refunds of GST have been a concern for both Government and Trade for the past several months. Till now, Government has san...
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Tracking ARN for Exports is now available on GST Portal
Tracking ARN for Exports now available on GST PortalThe system will now give one of following status:a) Refund confirmation received from ICEGATE on <date>: This implies that the ICEGATE has completed...
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No change in GST law & taxation relating to farmers since July, 2017
No change in the GST law and taxation relating to farmers since July, 2017; Support Services to agriculture, forestry, fishing or animal husbandry are exempt from GST; Agriculturists are also exempted...
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2 Arrested in Delhi for GST evasion of Rs. 28 Crore
Press Information BureauGovernment of IndiaMinistry of Finance24-May-2018 10:44 ISTArrest made by Central Tax, Delhi East Commissionerate involving GST evasion of Rs. 28 CroreCentral Tax, GST Delhi Ea...
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e-Way Bill Roll out for intra-State goods movement wef 25.05.2018
Ewaybill system for intra-State movement of goods to be implemented from 25.05.2018 in the state of Maharashtra and Manipur and in following UTs Andaman & Nicobar Islands,Chandigarh,Dadra & Nagar Have...
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Facility to change return frequency available on GST Portal
Facility to change return frequency for normal taxpayer is now available on GST PortalTaxpayers whose turnover is above Rs. 1.5 Cr and who have wrongly selected option as quarterly filing, now has bee...
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Facility to pay reduced penalty U/s. 74 is now available on GST Portal
In case Demand ID is created under Section 74 of the CGST Act, 2017, the GST Portal now allows reduced payment towards penalty, as per law.A message is shown to the user, about the reduction in amount...
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E-way bill within state of Punjab to commence from 01.06.2018
GOVERNMENT OF PUNJABDEPARTMENT OF EXCISE & TAXATIONPUBLIC NOTICEKIND ATTENTION: DEALERS/CHARTERED ACCOUNTANTS/LAWYERS/OTHER STAKEHOLDERS1. Generation of e-Way Bill for intra-state movement of goods in...