-
Submitted TRAN-01 can be “FILED” now.
Many taxpayers were not able to FILE TRAN-01, despite ‘SUBMITTING’ the same, due to technical glitches at the common portal.Representations were made to the GST Council and even petition were filed fo...
-
New Clarification with respect to e-way bill System
Press Note31st March 2018Clarification with respect to the e-way bill SystemThe e-way bill system for inter-State movement of goods across the country is being introduced from 01st April 2018. Few cla...
-
CBEC extends GST Refund on Export Fortnight till 31.03.2018
In order to facilitate the sanction of refunds, the CBEC decides to extend the “Refund Fortnight” and keep open all the Customs field formations on 29th , 30th and 31st March, 2018.In order to facilit...
-
Revenue loss due to implementation of GST to states
Balance claim of States under GST The Government is providing claims to the States under GST. As per provisions in Section 7 of the GST (Compensation to States) Act, 2017 loss of revenue to the States...
-
CBEC simplifies Anti-Profiteering Application Form (APAF – 1)
The interest of consumers under GST is protected by Anti Profiteering Authority. Affected consumers can file their grievance before Standing Committee/State level Screening Committee in terms of Rule...
-
GST revenue collections for Feb 2018; 1.05 crore taxpayers registered
GST revenue collections for February 2018 (received in February/March upto 26th March) stand at Rs. 85,174 crore; Rs. 14,945 crore collected as CGST, Rs. 20,456 crore collected as SGST; Rs. 42,456 cro...
-
ICAI suggests Simple User Friendly GST return filing & credit Model
THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Set up by an Act of Parliament)ICAI/IDTC/2018-19/Rep/323rd March, 2018Shri Arun JaitleyHon’ble Union Minister of Financeand Chairman, Goods & Services T...
-
Suggestions/Concerns related to GSTN and action taken
5 Suggestions/Concerns related to GSTN and action takenUser-Friendly Goods and Services Tax Network (GSTN) Goods and Services Tax Network (GSTN) has sought the views of the taxpayers about their exper...
-
Summary of GST returns filed for January, 2018 & GST collections
Goods & Services Tax (GST) collectionsThe month-wise consolidated figures of Central Goods and Services Tax (CGST), State Goods and Services Tax (SGST), Integrated Goods and Services Tax (IGST) and Ce...
-
Post GST, increasing trend in number of company registrations
After introduction of GST, increasing trend in the number of companies’ registrations, industrial activity has accelerated and growth in sales for corporates has also seen a remarkable increase Introd...
-
GST on Skill Development, Start-Ups and Tourism
All kinds of representations received from the trade and industry (including start-ups) regarding GST rates on services have been deliberated in the Fitment Committee. Government has exempted various...
-
States Exempted from Tax Refund after GST
The North Eastern and Hilly States have not been provided exemption from tax refund till March, 2027 under GST. The GST Council in the meeting held on 30.09.2016, had decided that all entities exempte...
-
Clarity on E-Way Bill
Government has received various representations from Association of Exporters as well as Corporate Bodies seeking clarity on e-way bill regarding movement of goods from dry-ports to sea ports and from...
-
Advisory for change in taxpayer type from SEZ to Regular or Regular to SEZ
Migrated taxpayers who have inadvertently selected themselves as SEZ, can send their requests to become SEZ on the email: reset.sezflag@gst.gov.in.Taxpayers who have not migrated as SEZ, can send thei...
-
Govt detects 2926 cases where Taxes collected but not deposited by Service Providers
Taxes collected by Service ProvidersThe Government is aware of instances where taxes are collected by many service providers, hoteliers, traders etc. from the customers but are not deposited in the Go...
-
Goods and Services Tax Rate and Policy Rationalization measures
Goods and Services Tax Rate and PolicyBased on the various representations received from the trade and industry, the GST Council has recommended a number of measures pertaining to change in Goods and...
-
Figures of GST Export Refunds in print media are highly speculative: CBEC
GST Export RefundsIt has been noticed that at regular intervals, unverified estimates of pending GST refunds on account of exports are published in the print media or put forward by various trade bodi...
-
IGST / Input Tax Credit Refund Fortnight from 15th – 29th March, 2018
GOODS AND SERVICE TAXATTENTION EXPORTERS! Refund Fortnightfrom 15th – 29th March, 2018Get your pending GST refunds on export of goods sanctioned quickly.CBEC is observing GST refund fortnight across a...
-
Request to Taxpayers to register on e-way bill Portal for generation of e-way bill
Dear Taxpayer,Greetings from Team GSTN.As you are aware, taxpayers sending or receiving goods are required to generate e-way bill for such movement of goods, as provided in Section 138 of the CGST Rul...
-
GST: Government to speed up input tax refund to exporters
Input Tax Refund to Exporters Government has decided to speed up input tax refund to exporters. As per rule 91 of CGST Rules, 2017, ninety per cent of the refund amount claimed shall be granted on a p...