The Government has paid all the GST Compensation dues to the States for the financial years 2020-21 and 2021-22. This was stated by Minister of State for Finance Shri Pankaj Chaudhary in a written reply to a question in the Lok Sabha today […]
Ad hoc Exemption from IGST on imports of specified COVID-19 relief material donated from abroad […]
Government announces various relief measures for taxpayers under GST law in view of severe COVID-19 pandemic […]
Due date for furnishing of GSTR-9 and GSTR-9C for the financial year 2019-20 extended further to 31.03.2021 […]
CBIC has extended the time limit for sanction of pending IGST refunds in cases where records have GSTR1 and GSTR3B mismatch error. […]
The gross GST revenue collected in the month of January 2021till 6PM on 31.01.2021 is ₹ 1,19,847 crore of which CGST is ₹ 21,923 crore, SGST is ₹ 29,014 crore, IGST is ₹ 60,288 crore […]
GST e-invoice system completed a journey of 3 months; Enabled more than 37000 taxpayers to generate more than 1680 Lakh Invoice Reference Numbers (IRNs); 603 Lakhs e-invoices generated in December 2020 as compared to 589 lakhs in November 2020 […]
The gross GST revenue collected in the month of December 2020 is ₹ 1,15,174 crore of which CGST is ₹ 21,365 crore, SGST is ₹ 27,804 crore, IGST is ₹ 57,426 crore […]
The Government of India has set up a special borrowing window for the States & Union Territories who choose Option-1 to borrow the amount of shortfall arising out of GST implementation. […]
The Ministry of Finance, Government of India, under its “Special Window to States for meeting the GST Compensation Cess shortfall,” will be releasing an amount of Rs 6000 crore as a second tranche to 16 States and 3 Union Territories today. […]
The gross GST revenue collected in the month of October 2020 is ₹ 1,05,155crore of which CGST is ₹ 19,193 crore, SGST is ₹ 25,411 crore, IGST is ₹ 52,540 crore and Cess is ₹ 8,011crore. The total number of GSTR-3B Returns filed for the month of October up to 31st October, 2020 is 80 lakh. […]
The due date for filing Annual Return (FORM GSTR-9/GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) for Financial Year 2018-19 is extended from 31st October 2020 to 31st December, 2020 […]
CBIC has assured that no recoveries shall be made for the past period by the Central and State tax administration in accordance with the decision taken by GST Council […]
Central Government has recently released the GST Compensation of Rs. 13,806 crore to States for March’2020. Taking this amount into account, entire compensation up to 2019-20 has been released to States. […]
The gross GST revenue collected in the month of June, 2020 is Rs. 90,917crore of which CGST is Rs. 18,980crore, SGST is Rs. 23,970crore, IGST is Rs. 40,302crore (including Rs. 15,709crore collected on import of goods) and Cess is Rs.7,665 crore (including Rs. 607crore collected on import of goods). […]
In a major move towards GST taxpayers’ facilitation, the Government has decided to provide the facility of SMS filing of NIL statement of FORM GSTR-1from 1st week of July 2020. […]
The 40th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today . The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers of the Ministry of Finance& States/ UTs. […]
In a significant move towards taxpayer facilitation, the Government has today onwards allowed filing of NIL GST monthly return in FORM GSTR-3B through SMS. […]
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