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Officials push for hike in GST levies
On Friday, several state finance ministers had blocked a move to increase GST on garments and footwear as part of the proposal to correct the inverted duty structure — where the finished product has lower levies than inputs — on the grounds that this was "not the right time" when businesses are demanding a stimulus.
NAA finds Whirlpool of India guilty of denying GST rate cut benefit worth Rs 4.07 lakh
The National Anti Profiteering Authority (NAA) has fou...
CBIC waives off late fee on late GST return filing
Taxpayers who do not have any tax liability but were yet to file returns for the period fr...
Govt offers filing of NIL GST statement in form GSTR-1 through SMS
This would substantially improve ease of GST compliance for over 12 lakh registered taxpayers who had to otherwise log into their account on the common portal and then file their statement of outward supplies in form GSTR-1 every month or each quarter.
'Retrospective amendment' in GST law: Companies file writ petition in Delhi High Court
The companies claim the government amended the law prohibiting companies to avail tax credit if they had “forgotten” about it only after few companies started claiming it and even approached the courts. Many companies had claimed that when the new tax regime was introduced in July, 2017, they forgot to claim the transitional credit.
GST Council meet key takeaways: Late fee reduced on GSTR-3B filings; relief for small taxpayers
The GST Council on Friday decided to reduce the late fee on the filing of GSTR-3B returns for the period between July 2017 and January 2020....
Blanket exemption of late fee unfair to those who filed returns within due date: CBIC
The Central Board of Indirect Taxes and Customs (CBIC), in a series of tweets, said it had been explicitly clarified to stakeholders that the waiver of late fee was conditional upon filing the return of the said tax period by the due date.
Confused about filing ITR, GST? Connect with a tax expert through this app
Filing income tax returns, GST, and TDS can be daunting for many, particularly the Gen Y and Z. Bringing a user-friendly platform to address tax-related queries, two aspiring CAs have developed a chat-based application run by tax experts.
Big relief to GST taxpayers: Late fee on GST returns capped till July to Rs 500
The reduced fee will be levied only if returns are filed before September 30, 2020, the Central Board of Indirect taxes and Customs (CBIC) said Friday.
Traders' body CAIT suggests measures to broaden GST
The Confederation of All India Traders (CAIT) has made the suggestions to Finance Minister Nirmala Sitharaman as the Goods and Services Tax (GST) regime completes three years of implementation.
GST returns not filed? The taxman can freeze your bank account
The CBIC, in a three-page SOP issued on Tuesday has decided to go strong against "defaulters".
Govt gives relaxations to taxpayers for GST compliance for filing annual returns and audits
In a notification dated May 5, the Central Board of Indirect Taxes and Customs (CBIC) has allowed registered persons to furnish GSTR-3B verified through electronic verification code between April 21 and June 30. This was not permitted earlier.
GST Council to meet on June 12
Faced with dismal collection and extended deadline for filing returns, the government has refrained from releasing the monthly GST revenue collection figures for the months of April and May.
GST Council eases compliance burden for businesses
The 40th GST Council meeting was chaired by Finance Minister Nirmala Sitharaman.
ITC cannot be availed on GST paid for hiring vehicles for employee transportation
The AAR in its ruling said since the applicant failed to cite any law under which the service of providing transportation facility to its employees is obligatory, ITC will not be available.