GST

Rule-60(7) of CGST Rules-2017 prescribes for generation of auto-drafted statement containing the details of input tax credit in FORM GSTR-2B for counter-party recipients. As per Rule-60(8) of CGST Rul...

43rd GST Council Meeting 28th May 2021, 11 am via Video Conference Finance Minister Mrs Nirmala Sitaraman will chair the council along with the presence of Finance Ministers of States & UTs and Senior...

As the last date of filing GSTR-1 for April, 2021 has been extended up to 26th May, 2021 and IFF up to 28th May, 2021, the GSTR-2B for April, 2021 shall be generated on 29th May, 2021.

In view of Notification No. 14/2021 dt. 01.05.2021, the timeline for filing the ‘Application for Revocation of Cancellation’ has been extended to 180 days from 90 days which will be valid up to 15th J...

Confederation of All India Traders has today sent a letter to FM Sent. Nirmala Sitharaman demanding for extension of dates for GST & Income Tax compliances till 31st August & a six month moratorium on...

Hon. CM of West Bengal has written to the Hon Prime Minister of India seeking exemption from GST/Customs duty and other duties and taxes on some items and COVID related drugs. Hon’ble Finance Minister...

GST Revenue for April 2021 The gross GST revenue collected in the month of April, 2021 is at a record high of Rs. 1,41,384 crores, out of which, CGST is Rs. 27,837 crores, SGST is Rs. 35,621 crores, I...

New Functionalities made available for Taxpayers on GST Portal (April, 2021) New Functionalities pertaining to modules GST Return module and are related to Auto Generation of Form GSTR-2B, for the tax...

Ministry of Finance Government announces various relief measures for taxpayers under GST law in view of severe COVID-19 pandemic Posted On: 02 MAY 2021 In view of the challenges faced by taxpayers in...

Ministry of Finance GST Revenue collection for April’ 21 sets new record Rs. 1,41,384 crore gross GST revenue collected Posted On: 01 MAY 2021 2:47 PM by PIB Delhi The gross GST revenue collected in t...

E-Invoice System e-Invoicing under GST, is a game changer system. The system involves reporting of the B2B and Export invoices being issued by the taxpayers to their customers, on the government porta...

Tax Consultants & Practitioners Association of Kerala has written a letter to Finance Minister of India and requested to provide relaxations in certain areas of GST which includes relaxation in Monthl...

All India Federation of Tax Practitioners requested Finance Minister to extend dates of compliances for the month of March, 2021 under GST Law. It is explained that Due to the prevailing pandemic, in...

OF A CASE The Central Bureau of Investigation has arrested the then Superintendent of GST, Hyderabad in an ongoing investigation of a case. CBI had registered a case on 08.07.2019 against the accused...

Periodicity for Paying Tax and Filing Return under PT Act for the F.Y. 2021-22 Instructions:‑ 1. Periodicity of the PTRC dealers who are required to Pay Tax and File Return Monthly or Yearly under PT...

Jaipur Tax Bar Association has written a letter to Chief Minister of Rajasthan State and requested for Urgent Relaxation In GST Compliance due to Outbreak of Covid 19 again In whole country. JAIPUR TA...

Author has compiled Month-wise and Year wise figures of GST Collections from FY 2017-18 to FY 2020-21 and table shows Decline in GST collection for FY 2020-21 in comparison to FY 2019-20. Decline is m...

Confederation of All India Traders has requested for extension of due dates of Income Tax and GST Compliance in the month of April-2021. All these compliances tabulated below if not complied in time m...

CA Shailesh R Ghedia, President, Mumbai BJP Professional Cell has requested FM to extend Return Filing/compliances dates, as falling under various Laws in April-2021, and/or for waiver of penalty/inte...

Jamshedpur Chartered Accountants Society (JCAS) has written a letter to Hon’ble Finance Minister and requested to extend due dates of filing various GST Returns for the month of March for at least 3 m...