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Category: GST

CBIC further extends Due Date for Filing Form GST TRAN-1 upto 31 March, 2020

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CBIC has notified that last date for submission of declaration in Form GST TRAN-1 has been further extended upto 31 March 2020, under CGST Rule 117(1A), in certain cases recommended by GST Council, i.e. where registered persons could not submit GST TRAN-1 as per earlier deadline due to technical issues at GST Portal. Form TRAN-1 […]

GST evasion: Centre, state tax officers to share taxpayers information to tighten enforcement

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Central and state tax officers will share information about taxpayers for enforcement action as the government looks to tighten enforcement measures to check GST evasion. “CBIC launches application for sharing information between Centre and State for targeted enforcement action against GST evasion. A big leap in intelligence sharing and cooperative federalism #GST,” the Central Board […]

FinMin summons Infosys executives over GSTN glitches

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With complaints rising against the IT system of Goods & Service Tax (GST), the Finance Ministry has summoned Infosys on Friday to seek an explanation. Infosys is the technology service provider for GST. According to FinMin sources, the Finance Ministry has called CN Raghupati, Senior Vice-President of Infosys and V Rangnathan, Vice-President. They will be […]

Now the GST Taxpayers can file their GSTR-3B Returns in a Staggered Manner

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The finance ministry has allowed GST taxpayers to file their GSTR-3B returns in a staggered manner, as part of the measures to ease difficulties faced by trade and industry in filing of returns. An official release said the government has decided to introduce several measures to ease the process of filing GST returns. At present, […]

GST Council To Set Up Grievance Redressal Mechanism For Taxpayers

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The GST Council will set up a grievance redressal mechanism for taxpayers. The decision was taken at the 38th meeting of the GST Council on December 18, 2019. It has decided that a structured grievance redressal mechanism should be established for the taxpayers under GST to tackle grievances on GST-related issues of specific and general […]

No GST on salary, says CBIC

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The Finance Ministry on Friday made it clear that Goods & Services Tax (GST) will not be levied on salary. This clarification has come in the wake of reports that GST has been demanded on salaries paid to CEOs (Chief Executive Officer) or employees of a company. “…media report in this regard alleging that tax […]

DIN comes in force from 8th November, 2019; Communication from GST, Customs & Excise invalid without it

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In order to protect GST taxpayers from any harassment at the hands of errant tax officials, the Central Board of Excise and Customs (CBEC), is going to use a unique number in every communication with taxpayers from 08/11/2019. Central Board of Indirect Taxes and Customs will begin using a unique Document Identification Number (CBIC-DIN) from […]

33rd GST Council meeting: Tax rate for under-construction properties reduced to 5%

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Coming as a major relief to home buyers and the real estate sector, the GST Council has slashed tax rates for houses in both affordable and non-affordable segments. In its meeting on Sunday, the all-powerful council took note of the recommendations from the ministerial group on real estate to approve tax cuts for the sector. […]

GST council meet: Relief for SMEs, real estate and lottery referred to GoM

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The GST Council during its 32nd meet on Thursday, January 10, doubled the exemption limit and raised the threshold for availing the composition scheme. The council also increased the GST exemption limit to Rs 20 lakh for northeastern states and Rs 40 lakh for the rest of the country. The move aims to give relief […]

Government sets up office of GST Commissioner (Investigation) to deal with tax evasion

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The revenue department has created the office of Commissioner GST (Investigation) to deal exclusively with enforcement issues like search, seizure and arrest, as it looks to crackdown on tax evaders. Initially, the government was going slow on enforcement action to give time to the industry to adjust to the new tax regime. With most of […]

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