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Centre releases GST Compensation & IGST ad-hoc settlement amount to States/UTs
Centre releases Rs. 30,000 crore as GST Compensation as well as Rs. 28,000 crore as IGST ad-hoc settlement to the States/UTs. The total amount of compensation released so far for the year 2020-21 is R...
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CBI Arrests A Superintendent of GST In Case of Bribery
CBI Arrests An Executive Engineer of CPWD And A Superintendent of GST In Separate Cases of Bribery CBI Press Release | Dated: 30.03.2021 The Central Bureau of Investigation has arrested an Executive E...
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CGST West Delhi officials arrest man for ITC fraud of around Rs. 9 crore
Ministry of Finance CGST West Delhi officials arrest man for input tax credit fraud of around Rs 9 crore Posted On: 26 MAR 2021 Based upon specific intelligence, the officers of the Anti Evasion branc...
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CBI Arrests a Superintendent of CGST, CGST & a EPFO Enforcement Officer
CBI ARRESTS A SUPERINTENDENT OF CGST AND THREE PRIVATE PERSONS IN A BRIBERY CASE; RECOVERS Rs. 12 LAKH ALLEGED BRIBERY AMOUNT AND Rs. 30 LAKH (APPROX.) DURING SEARCHES Press Release | Dated: 26.03.202...
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CGST Delhi officials arrest man for ITC fraud of around Rs 94 crore
Ministry of Finance CGST Delhi officials arrest man for input tax credit fraud of around Rs 94 crore Posted On: 26 MAR 2021 The officers of CGST Delhi North Commissionerate upon data analysis and gath...
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CAG reports deficiencies in GST Refund, Returns & E-Way Bill module
PRESS RELEASE OFFICE OF THE COMPTROLLER AND AUDITOR GENERAL OF INDIA New Delhi 24th March, 2021 AUDIT REPORT ON GST PRESENTED IN PARLIAMENT Compliance Audit Report No. 1 of 2021 of the Comptroller and...
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GST-related matters are not Ministry of Finance matters: FM
GST-related matters are not Ministry of Finance matters. They are the GST council matters in which all states’ Finance Ministers are members. Without the council’s clearance, no step is taken: Smt @ns...
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Allow payment of GST by buyer directly to Government similar to RCM: FAIVM said in its representation
Distressed by the complexities and oddities of GST, traders have made a unique effort. Submission of collective representation in series , has been initiated by the Federation of All India Vyapar Mand...
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Taxpayers are free to utilise ITC available in their credit ledger
Ministry of Finance Taxpayers are free to utilise Input Tax Credit available in their credit ledger as permissible by law to discharge their GST due for March month Posted On: 21 MAR 2021 Unconfirmed...
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5 reminders related to GST for Taxpayers
1. Attention ! GST TAXPAYERS WHO ARE NOT UNDER QRMP SCHEME File Your monthly GSTR-3B Returns for the month of February, 2021 before 20th March, 2021 Late filing of GSTR-3B Returns will attract late fe...
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No proposal for scrutiny of GST assessment in a faceless mode
In a tweet Anurag Thakur, MoS for finance has clarified that there is No such proposal for scrutiny of GST assessment in a faceless mode is under consideration of the government presently as the GST l...
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e-Way Bill – 3 Updates from 17th March 2021
Latest Updates: 17/03/2021 1. e-Way Bill cannot be generated with only SAC codes(99) for Services, minimum one HSN code belonging to Goods is mandatory. 2. Vehicle type ODC is provisioned for transpor...
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IFSC code Changes – Update Bank details on GSTN Portal & GST Refund Application
Important GST Update IFSC of below 8 banks are changed due to merger. Taxpayers may update their Bank Account details through non-core Amendments and update refund application, in case failed due to v...
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Select core Business on GST Portal based on highest turnover: GSTN
Classification of Taxpayers Tax payers are required to select their business activity only once, as – Manufacturer, wholesaler/Distributor/Retailer, service providers & others post login based on high...
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Request to amend Rajasthan VAT Amnesty scheme
Tax bar Association has made a representation with a to Request to include some important points under Rajasthan VAT Amnesty scheme as introduced by Notification No. No.F.12(29) FD/Tax/2021-269 dated...
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Issues and concerns of trading community on GST
Confederation of All India Traders “Vyapar Bhawan“ 925/1, Naiwala, Karol Bagh,. New Delhi- 10005. Phone: +91-11-45032664, Telefax: +91-11-45032665 E-mail: teamcait@gmail.com, Website : www.cait.in 13t...
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GST department conducts First Investigation based on TCS Data
Press Release 16th March 2021 An inspection was conducted on a taxpayer registered in Jagadhri, Yamunanagar dealing in supply of Mobile Phones and other electronic items mainly through E-Commerce plat...
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IFSC code Changes – Update Bank details on GSTN Portal & GST Refund Application
Important GST Update IFSC of below 8 banks are changed due to merger. Taxpayers may update their Bank Account details through non-core Amendments and update refund application, in case failed due to v...
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Select core Business on GST Portal based on highest turnover: GSTN
Classification of Taxpayers Tax payers are required to select their business activity only once, as – Manufacturer, wholesaler/Distributor/Retailer, service providers & others post login based on high...
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Request to amend Rajasthan VAT Amnesty scheme
Tax bar Association has made a representation with a to Request to include some important points under Rajasthan VAT Amnesty scheme as introduced by Notification No. No.F.12(29) FD/Tax/2021-269 dated...