Category: GST

Clipped from: https://www.thehindubusinessline.com/economy/policy/apprehension-on-mandatory-payment-of-at-least-1-per-cent-of-gst-liability-in-cash-rule-unfounded-finance-ministry/article33422838.ece?homepage=true Says rule applies to only 0.37 per cent of 1.2 crore assessees Finance Ministry on Saturday clarified the mandatory payment of at least

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/gst-on-lottery-scs-recent-judgement-is-a-setback-for-the-industry-but-has-a-ray-of-hope/articleshow/79935007.cmsSynopsis After much hue and cry from the lottery industry recently, a single rate of 28% has been introduced by the exchequer on all

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/cait-urges-fm-to-defer-rollout-of-rule-86b-in-gst/articleshow/79954779.cmsSynopsis The Central Board of Indirect Taxes and Customs has introduced Rule 86B in Goods and Services Tax (GST) which restricts use of input

GST registration: All about the new norms – The Hindu BusinessLine https://www.thehindubusinessline.com/multimedia/audio/gst-registration-all-about-the-new-norms/article33401678.ece The Finance Ministry has notified a new set of norms for GST registration.

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/businesses-with-monthly-turnover-of-over-rs-50-lakh-to-pay-at-least-1-gst-liability-in-cash/articleshow/79918001.cmsSynopsis “… The registered person shall not use the amount available in electronic credit ledger to discharge his liability towards output tax in excess

Clipped from: https://www.thehindubusinessline.com/economy/gst-evasion-of-over-11500-cr-detected-in-special-drive-114-arrested/article33278520.ece Law Committee of GST Council has suggested a two-pronged strategy to curb fake invoices GST officials have detected fake invoices of GST amounting

Clipped from: https://economictimes.indiatimes.com/small-biz/gst/government-extends-timeline-for-concluding-anti-profiteering-investigations-under-gst-framework/articleshow/79737783.cmsSynopsis “The government has further extended timeline for anti- profiteering authorities to complete their investigations, and as such any investigations required to be closed

Clipped from: https://www.business-standard.com/article/sme/rodtep-rates-not-decided-meis-for-exports-may-continue-till-end-march-2021-120121400788_1.html Any registered user under GST who wishes to generate IRN needs to register on e-invoice system using his GSTIN The government had said

Clipped from: https://economictimes.indiatimes.com/news/economy/policy/tax-authorities-cancel-1-63-lakh-gst-registrations-in-october-november-due-to-non-compliance/articleshow/79683403.cms?utm_source=ETTopNews&utm_medium=HPTN&utm_campaign=AL1&utm_content=23Synopsis Further, 28,635 taxpayers who have not filed their GSTR-3B returns for more than six months as on December 1, have been identified and

Clipped from: https://www.business-standard.com/article/economy-policy/e-invoicing-under-gst-pick-up-speed-posts-17-growth-in-november-120120700021_1.html Daily invoice generation has now improved to 2.5-2.7 million per day compared to an average of 1.5 million a day in October. E-invoicing