Reading Time: 2 minutesCompensation Cess Validity, Supreme Court rejects review Petition in the case of Mohit Minerals, The Case of Mohit Mineral Pvt Ltd Vs UOI reported in 2020-TIOL-23-SC-GST The Hon’ble Supreme Court in the above referred case held as under Application for oral hearing is rejected. The present review petition is devoid of merits & so merits
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Reading Time: < 1 minuteGSTR3B NEW Process, The Finance Ministry has now allowed to file GSTR-3B returns in a staggered manner, the Government has decided to ease the process for trade and industries after taking the hassle of return filing into account. Thus the introduced different measures vide Notification No. 072020 – Central Tax dated 3rd February, 2020 . Every
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Reading Time: 2 minutesGSTP Exam, The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has been authorized to conduct an examination for confirmation of enrollment of Goods and Services Tax Practitioners (GSTPs) in terms of the sub-rule (3) of Rule 83 of the Central Goods and Services Tax Rules, 2017, vide Notification No. 24/2018-Central Tax dated 28.5.2018.
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Reading Time: 2 minutesIn a press release CBIC told that Racket of issuance of fake invoices involving GST of Rs 22 crores busted by the Central GST Delhi North Commissionerate on 14.11.2019 Central GST Delhi North Commissionerate has unearthed a racket of issuance of fake invoices without actual supply of goods and services. Shri Naveen Mutreja and
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Reading Time: 2 minutesGSTR-9, According to the press release the Government has decided today to extend the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2017-18 to 31 st December 2019 and for Financial Year 2018-19 to 31 st March 2020. The Government has also decided to simplify these
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Reading Time: 2 minutesGrievance under GST, It is brought to your attention that a Grievance Redressal Portal (URL: https://selfservice.gstsystem.in/ ), is available for you to lodge your complaint related to GST portal related issues. This link can also be accessed from the home page of GST portal. Following points related to GRP may please be noticed: Advantages of
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Reading Time: 2 minutesGST DRC-03, Form GST DRC-03 provides the facility to make the GST payment on voluntarily basis which can be resultant to decreasing the tax liability during assessments, here are some features of Making Payment on Voluntary Basis (Form GST DRC-03) on GST Portal Making Voluntary Payment on GST Portal: A facility is given to taxpayers
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Reading Time: 10 minutesGST Forms, The Government has issued various forms for GST related compliance to be made by taxpayers and for taking actions on them by tax officials. Various forms issued for registration, filing returns or refunds etc. have been made available on the GST Portal. The Government has issued total 162 types of Form under GST.
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Reading Time: < 1 minuteGST Revenue, Ministry of finance has relesed the GST Collection Data for month of Aug 2019 which shows some decline in the collection, the below mention figures shows the amount of collection. ₹ 91,916 crore total gross GST revenue collected in the month of September, 2019 The total gross GST revenue collected in the month
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Reading Time: 8 minutesGST Refunds, Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernization of existing business. GST Refunds The provisions pertaining to refund contained in the GST law aim to streamline and standardize the refund procedures under GST regime. Thus, under the
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