GST

JAI HIND All India MSME and Tax Professionals Association AIMTPA Ref:- AIMTPA/003/21-22 Date:- 20-Apr-2021 To, Honorable Finance Minister, Govt. of India, New Delhi. Respected Madam Subject : Regardin...

The Western Maharashtra Tax Practitioners’ Association has written a letter to FM and expected Urgent Relaxation in GST Compliance due to Outbreak of Covid19 again in whole country.They requested that...

Sales Tax Bar Association has made a Humble request to extend time for completing required compliances under the Goods and Services Tax. Request is been made to Mrs. Nirmala Sitharaman Ji, Hon’ble the...

Due dates for filing of Form GSTR-3B from the Tax Period of January, 2021 onwards 1. Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No 82/2020 – Central Tax,...

Extract from ICAI President’s Message – April 2021 I, along with the Vice-President CA. (Dr.) Debashis Mitra had the privilege of meeting key Government functionaries to discuss matters related to con...

Maharashtra Chief Minister (CM) Shri Uddhav Balasaheb Thackeray has written a letter to Prime Minister of India and requested that The timeline for submitting the GST returns for the month of March, A...

1. Terms Used: i. ITC – Input tax credit ii. B2B – Business to Business iii. ISD – Input service distributor iv. IMPG – Import of goods v. IMPGSEZ – Import of goods or inward supply of goods from Spec...

1. The new features related to filing of Statement/ Returns by taxpayers under QRMP Scheme, for the quarter Jan-Mar., 2021, which has been made available to them are summarized below. 2. Auto Generati...

With effect from 1st January, 2021, all taxpayers with Annual Aggregate Turnover up to Rs 5 Crore have been given an option to file their Form GSTR-1 Statement and Form GSTR-3B return on a quarterly b...

Ministry of Finance Provisional Net Indirect Tax collections (GST & Non-GST) for the Financial Year 2020-21 show growth of more than 12% compared to actual Revenue Receipts in FY 2019-20. Net Indirect...

Clarification on reporting 4-digit/6-digit HSNs GST helpdesk is in receipt of some tickets at helpdesk wherein it was reported that certain 6-digit HSN codes are not available in HSN Master/ not accep...

National Informatics Centre GePP – GST e -Invoice Preparing and Printing Tool 1. Introduction 1.1 Background The GST Council has approved introduction of ‘E-invoicing’ or ‘electronic invoicing’ in a p...

Central Gujarat Chamber of Tax Consultants has made a representation to Finance Minister and requested for extension of due dates of GSTR-1 of monthly tax payers for the month of March ’21, GSTR-1 of...

Goods And Service Tax Payment of Tax by Taxpayers under QRMP Scheme, for the month of March, 2021 1. All taxpayers having aggregate turnover up to Rs 5 crores, under QRMP Scheme (w.e.f. 01.01.2021 onw...

New Functionalities made available for Taxpayers on GST Portal in March, 2021 1 – Registration 1. Assignment of new applications of registration, in certain cases, with same PAN and in same State/ UT...

Ministry of Finance ₹ 1,23,902 crore gross GST revenue collected in the month of March 2021 Posted On: 01 APR 2021 2:01PM by PIB Delhi The gross GST revenue collected in the month of March 2021 is at...

For ease of reference only The GST rates on certain goods have under gone changes since the introduction of GST. The rate changes are given effect through amending notifications issued from time to ti...

Press release on the mandatory use of HSN/SAC on GST invoices w.e.f 1.4.2021 Ministry of Finance HSN Code/ Service Accounting Code mandatory on invoices as per revised requirement from 1st April 2021...

The taxpayers under QRMP scheme have a facility to file Invoice Furnishing Facility (IFF) in first two months of the quarter and file Form GSTR-1 in third month of the quarter. As IFF is an optional f...

HSN & SAC Code 1. As per the notification from Govt on 15th Oct 2020, businesses having turnover of more than 5 Cr, 6 or more digits HSN/SAC code is required in HSN summary during GSTR-1 filing. This...