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ITR, GST filing, Aadhaar-PAN linking deadlines extended

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Union Finance Minister Nirmala Sitharaman today announced various statutory and regulatory compliance relief measures amid a complete shutdown almost all over the country to control the spread of the highly contagious coronavirus or Covid-19 infection. Here are the key announcements: Financial Services: *Debit card holders who withdraw cash from any bank ATM can do it […]

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 […]

GSTR-1 amnesty scheme due date extended to Jan 17, 2020

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The Finance Ministry on Friday extended the due date for amnesty scheme for filing of GSTR-1 by seven days. The earlier deadline was set at January 10, 2020., but it will now be open till January 17. The scheme intends to facilitate filing of all pending FORM GSTR-1 from July 2017 to November 2018 without […]

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 […]

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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