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Relax GST Annual Return & Audit dates for FY 2018-19
Independent Tax Research Analysis Association (ITRAA) has made a representation to Smt. Nirmala Sitharaman Ji, Hon. Finance Minister of India to request for Relaxation in Annual Return Filing in GSTR-...
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Borrowing of money to meet GST revenue shortfall
Ministry of FinancePosted On: 20 SEP 2020 2:07PM by PIB DelhiAs per provision in Sections 7, 8 & 10 of the GST (Compensation to States) Act, 2017, the issue of pending GST compensation and future cour...
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Extend Implementation of E-Invoicing to April 1, 2021
CGPI representation on Extension of the Implementation of E – Invoicing from October 1,2020 to April 1, 2021ToThe Hon’ble Finance Minister of IndiaRajpath Marg, E Block,Central Secretariat, New Delhi,...
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Details of reasons for revenue shortfall in GST
GOVERNMENT OF INDIAMINISTRY OF FINANCEDEPARTMENT OF REVENUELOK SABHAUNSTARRED QUESTION NO- 212TO BE ANSWERED ON MONDAY, 14th SEPTEMBER, 2020/BHADRAPADA 23, 1942(SAKA)GST Shortfall212. MS. S. JOTHIMANI...
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Using Matching Offline Tool to compare ITC auto drafted in Form GSTR-2B with Purchase Register
1. An offline tool has been made available to the taxpayers to match Input Tax Credit (ITC), as auto populated in their Form GSTR-2B, with their purchase register. This tool will help the taxpayer to...
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Now download E-Way bills for one month period in one go
New enhancement allows downloading E-Way bills for one month period in one go– The facility was earlier available for the period of 5-days interval.– User can download E-way bill using the Reports tab...
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Extend due date for GSTR 9 & 9C of Financial Year 2018-19
CONFEDERATION OF GST PROFESSIONALS AND INDUSTRIESRegd.Office: 139, 13th Floor, Jolly Maker Chamber 2, Nariman Point, Mum 400 021.Website: www.thecgpi.orgPresident – CA Sujata Rangnekar, Secretary – Ad...
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Updates on GST e-invoicing
1. Based on queries received from Trade and Industry in the recent past, the FAQs on e-invoicing were updated. CLICK HERE to access the revised FAQs ( www.gstn.org.in > e-invoice > FAQs).2. Awareness...
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Request to extend due date of GSTR 9 & 9C for F.Y. 2018-19
Baroda Tax Bar AssociationDt. 16/09/2020.To,Nirmala Sitharaman,Hon’ble Minister of Finance & Minister of Corporate Affairs,New Delhi – 110001The Chairman,Office of GST Council Secretariat,5th Floor, T...
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Rs. 107 Crore GST Credit Fraud, One Arrested
Chennai, 16 September 2020 – GST and Central Excise Department, Chennai Outer has arrested a 56 year old person from Kodungaiyur area of Chennai city for committing a GST credit fraud of Rs. 107 Crore...
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Two major enhancements on GST portal to make monthly return filing easier
GSTN deployed two major functionalities in view of the simplifying GSTR-3B filing– System will compute liability and Input tax credit availability for the filer– 1.03 crore normal taxpayers are requir...
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4 Representations by ICAI to GST Council on 10th Sep 2020
The Indirect Tax Committee of ICAI have made following 4 representations to GST council on 10 September 2020 which relates to request for Extension of due date of Annual Returns in GSTR-9/GSTR-9A and...
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Decriminalise certain offences under GST Law: ICAI CMA
THE INSTITUTE OFCOST ACCOUNTANTS OF INDIA(STATUTORY BODY UNDER AN ACT OF PARLIAMENT)CMA BHAWAN12, SUDDER STREET, KOLKATA – 700 016.Telephones : +91-33- 2252-1031/1034/1035+ 91-33-2252-1602/1492/1619+...
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GST e Invoice- NIC released updated APIs with improved validations
Version 1.03: Date: 08/09/20201. Help section of e Invoice portal has been updated with new documents.2. The following Improvements have been done in Validations in IRN Generation API.In case of Credi...
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Permit ITC availment for period till 31.03.2020 upto 31.12.2020
Toady Nation Association of Tax Professional (Haryana) submitted a representation to the worthy Finance Minister of India for permitting taxpayers for availment of Input Tax Credit under GST u/s 16 up...
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Defer due date of implementation of E-Invoicing under GST
THE INSTITUTE OFCOST ACCOUNTANTS OF INDIA(STATUTORY BODY UNDER AN ACT OF PARLIAMENT)CMA BHAWAN12, SUDDER STREET, KOLKATA – 700 016.Telephones : +91-33- 2252-1031/1034/1035+ 91-33-2252-1602/1492/1619+...
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Update regarding enabling on GST e-invoice portal
This is with reference to the requirement of certain taxpayers to prepare invoice in terms of Rule 48(4) of CGST Rules (e-invoicing).As a facilitation measure, all the taxpayers who were having aggreg...
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GSTR-2B: Everything you need to know
What is Form GSTR-2B♦ GSTR-2B is an auto-drafted ITC statement generated for the buyer on the basis of the information furnished by his suppliers.♦ It also contains information on import of goods from...
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Permit availment of ITC under GST pertaining to FY 2019-20: ICAI
Request for permitting availment of input tax credit under GST pertaining to Financial Year 2019-20 and correction in GSTR- 1 till March, 2021.Institute of Charted Accountant of IndiaICAI/IDTC/2020-21...
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Request to devise mechanism to receive part payment of GST
Institute of Charted Accountant of India10th September, 2020ICAI/IDTC/2020- 21/Rep/14Shri S K Rahman,Joint Secretary,Goods and Services Tax Council,5th Foor, Tower II, JeevanBhartiBuilding,Janpath Roa...