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Latest updates in GST e-Invoice Portal
National Informatics Centre Date: 10-06-2021 1. eivital APIs (AUTHENTICATION API & Master API) have certain changes in the request and response structures and hence are made available in a new version...
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GoM report submitted on GST tax relief on Covid materials
An eight members group of ministers set up to decide GST reduction on Covid relief material has recommended that the GST on vaccines be determined by Gst Council and has therefore referred the matter...
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Table-12 of GSTR-1 (Advisory on PDF)
Table-12 of GSTR-1 pertains to the data related to the HSN-code wise supplies of goods & services declared in the aforesaid GSTR-1. It has been reported that in the GSTR-1 for the tax period of May 20...
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GoM report submitted on GST tax relief on Covid materials
An eight members group of ministers set up to decide GST reduction on Covid relief material has recommended that the GST on vaccines be determined by Gst Council and has therefore referred the matter...
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CBIC collects Late Fees of ₹. 1516.34 Cr during Apr 2020 to Feb 2021
As per an RTI CBIC collects Late Fees of Rs. 1516.34 Cr during Apr 2020 to Feb 2021 despite the Pandemic Covid-19. Whiile CBIC collects Rs. 2507.75 Crores in FY 2019-20 Rs. 2057.53 Crores if FY 2089-1...
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₹ 1,02,709 crore gross GST revenue collected in May
Ministry of Finance GST Revenue collection for May 2021 Posted On: 05 JUN 2021 4:25PM by PIB Delhi The gross GST revenue collected in the month of May 2021 is₹1,02,709 crore of which CGST is ₹17,592 c...
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Chart of Late fee waiver for delay in filing Form GSTR-3B returns
The Government, vide Notification No. 19/2021, dated 1st June, 2021, inter alia, has waived the late fee payable, in excess of amount as specified in the Tables, as given below: (Note: Please refer to...
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Only an Ostrich would deny V shaped graph – Anurag Thakur to Chidambaram
On 2nd June 2021 Former Finance Minister Mr. P. Chidambaram has criticized Union Government over implementation of GST and Twitted his ten point guide to understand GST implementation. In Reply to thi...
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e-Way Bill- Changes related to Blocking of GSTIN & Bill generation
1. Blocking of GSTIN for e-Way Bill generation is now considered only for the defaulting Supplier GSTIN and not for the defaulting Recipient or Transporter GSTIN 2. Mode of transport Ship is now updat...
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Ten point guide to understand GST by P. Chidambaram
Here is a ten point guide to understand GST as explained by P. Chidambaram | Member of Parliament, RajyaSabha | Former Finance Minister, GoI on his Twitter Account: 1. GST started as a good idea 2. BJ...
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e-Way Bill- Changes related to Blocking of GSTIN & Bill generation
1. Blocking of GSTIN for e-Way Bill generation is now considered only for the defaulting Supplier GSTIN and not for the defaulting Recipient or Transporter GSTIN 2. Mode of transport Ship is now updat...
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GST Amnesty & Relaxation – 10 Things to Know
Ministry of Finance Government of India Recommendation of 43rd GST Council Meeting GST Amnesty Scheme to provide relief to the GST Taxpayers 1. Late fee for non-furnishing of returns in FORM GSTR-3B f...
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Timeline for Application for Revocation of Cancellation extended upto 30.06.2021
Extension of the due date of filing Application for Revocation of Cancellation of Registration In view of the decision of GST Council taken in its 43rd meeting dt. 28.05.2021, the timeline for filing...
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CBIC collects Late GST Fees of Rs. 4,322.32 crore till December, 2019- RTI reveals
Government of India office of the Principal Chief Controller of Accounts Ministry of Finance Central Board of Indirect Tax & Customs A.G.C.R. Building, New Delhi Ph. No.: 011-23702308, 23702274 Comp/R...
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Highlights of 43rd GST Council meeting
Like last year, #GSTCouncil felt that this is not the appropriate time for correction in Inversion duty, so this remains where it is On #GST compensation cess, same formula as last year to be adopted...
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Important issues of the traders related to GST
Confederation of All India Traders has made a representation and made representation on Important issues of the traders related to GST. Full text of representation is as follows:- “Vyapar Bhawan” 925/...
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Implementation of PMT-03 to Re-Credit the ITC
A taxpayer is entitled to refund of tax wrongly paid or paid in excess (other than zero-rated supplies), in the same mode by which the tax liability was discharged. ♦ The cash part has to be sanctione...
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CBIC collects GST Penalty of Rs. 1609 Crore – RTI reveals
A reply to RTI Filed by a CA Ram Bajaj from Rajasthan revealed that CBIC has collected Penalties of Rs. 102 Crore For financial Year 2017-18, Rs. 479 Crore For financial Year 2018-19, Rs. 567 Crore Fo...
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Punjab FM raised critical concerns related to GST in his letter to FM
Manpreet Singh Badal. Minister for Finance & Planning, Punjab has raised following critical concerns in his letter to Nirmala Sitharaman, Minister of Finance and Corporate Affairs – 1. Need GST with H...
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Extend Return filing/compliances dates falling in May-2021
Mumbai BJP Professional Cell Date: 21/05/2021 To, Smt Nirmala Sitharaman Ma’am Hon’ble Union Minister for Finance New Delhi Shri Anuragsingh Thakur ji Hon’ble Union Minister of State for Finance New D...