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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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100 percent of estimated GST compensation shortfall released
100 percent of the estimated GST compensation shortfall of Rs.1.10 Lakh crore released. 20th Instalment of Rs. 4,104 crore released to the States on Monday, 15th March, 2021. The Ministry of Finance,...
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2 Person Arrested in case of fake invoice of Rs. 93 Cr.
CGST Ghaziabad Commissionerate arrested 2 persons including the mastermind in case of issuance of fake invoice of Rs. 93 Cr. by creating 25 fake firms and passing of inadmissible ITC of approx Rs. 16...
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Invoice Furnishing Facility for Taxpayers who opted for QRMP
Attention GST Taxpayers who have opted for QRMP Scheme! Enjoy the convenience of Invoice Furnishing Facility (IFF) to enable the flow of ITC to the recipients by furnishing B2B invoices for February 2...
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Maharashtra budget – Concession in Stamp Duty to Women
HIGHLIGHTS OF THE BUDGET SPEECH DATED 8TH MARCH, 2021 BY HONOURABLE DEPUTY CHIEF MINISTER (FINANCE) SHRI AJIT PAWAR PART-II (A) Concession in Stamp Duty : — Concession in Stamp Duty by 1 percent over...
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DGGI Gurugram officials arrest man for ITC fraud of Rs 43 crore
Ministry of Finance DGGI Gurugram officials arrest man for input tax credit fraud of more than Rs 43 crore Posted On: 11 MAR 2021 The Directorate General of GST Intelligence (DGGI) Gurugram Zonal Unit...
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New Functionalities on GST Portal (February, 2021)- Must Know
New Functionalities made available for Taxpayers on GST Portal (February, 2021) 1. Registration i. Post TRN Login, Tracking of Registration Application Status : The Search ARN Functionality for Regist...
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DGGI Gurugram officials arrest 2 for GST Fraud of Rs 690 crore
Ministry of Finance DGGI Gurugram officials arrest 2 men for defrauding exchequer of more than Rs 690 crore Posted On: 09 MAR 2021 4:51PM by PIB Delhi In an ongoing investigation the Directorate Gener...
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GST compensation shortfall released to States reaches Rs. 1.06 lakh crore
Ministry of Finance 19th Instalment of Rs. 2,104 crore released to the States on Monday, 08th March, 2021 96 per cent of the estimated shortfall of Rs.1.10 lakh crore released Posted On: 09 MAR 2021 1...
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Financial aid to states to meet GST compensation
Ministry of Finance In order to meet the shortfall in Goods and Services Tax (GST) compensation to be paid to States, the Government of India had set up a special borrowing window in October, 2020 to...
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GST registrant to update their business activity
Taxpayers are required to select their business activity only once, as – Manufacturer, wholesaler/Distributor/Retailer, service providers & others post login based on highest turnover amongst them. Yo...
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13 Suggestion to FM for Simplification of GST (Hindi & English)
AIMTPA Ref:- AIMTPA/034/20-21 Date:- 06-Mar-2021 माननीय वित्तमंत्री महोदया, भारत सरकार, नई दिल्ली, आदरणीय महोदया, जीएसटी को भारत में लागू हुए 3 वर्ष से अधिक का समय हो चुका है लेकिन अभी भी डीलर्स और प्...
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E-invoicing – Request for immunity to dealers upto 31.03.2021
All India MSME and Tax Professionals Association AIMTPA Ref:- AIMTPA/032/211-21 Date:- 04-Mar-2021 To, The Finance Minister Govt. of India NEW DELHI Dear MADAM, Re: – E-invoicing for the dealers havin...
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Declaration of HSN Code for Goods & Services wef 01.04.2021
DECLARATION OF HSN CODE FOR GOODS AND SERVICES Effective from 1st April, 2021 For Taxpayers (with aggregate Annual Turnover more than Rs. 5 Crore during the FY 2020-21) 6 Digits of HSN Code for Goods...
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CGST arrests two for GST Fraud of more than Rs 392 crore
Ministry of Finance CGST East Delhi Commissionerate arrests two for defrauding Government Exchequer of more than Rs 392 crore Posted On: 05 MAR 2021 1:41PM by PIB Delhi In their continuous endeavour t...
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Upcoming changes in Table-12 format of GSTR-1 Return
1. Changes in format of GSTR-1 Return 2. Changes in number of digit of HSN Code to be reported. Upcoming changes in Table-12 format of GSTR-1 Return Changes in number of digit of HSN Code to be report...
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Delhi East CGST Officials arrest man for ITC fraud of Rs 38.91 crore
Ministry of Finance Delhi East CGST Officials arrest man for input tax credit fraud of Rs 38.91 crore Posted On: 02 MAR 2021 3:29PM by PIB Delhi In the ongoing drive to counter the menace of fake bill...
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Simplify GST & Promote Ease of Doing Business to Increase Tax Revenue
In a communication sent to FM Nirmala Sitharaman today, Confederation of All India Traders has highlighted that both the GST revenue and tax base could increase substantially if the Central & State Go...
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DGGI Gurugram arrest man for alleged GST evasion exceeding ₹ 13.76 crore
Ministry of Finance DGGI Gurugram officials arrest man for defrauding exchequer in excess of ₹ 13.76 crore Posted On: 01 MAR 2021 The Gurugram Zonal Unit of Directorate General of GST Intelligence has...
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GST compensation shortfall released to States reaches Rs. 1.04 Lakh crore
Ministry of Finance 18th Instalment of Rs. 4,000 crore released to the States on Monday, 1st March, 2021 94 percent of the estimated shortfall released Posted On: 01 MAR 2021 5:19 PM by PIB Delhi The...