Goods and Services Tax news

Upsurge in E-way bills signals to green shoots in economy

More than 4.27 crore E-Way Bills generated in June 2020 against average of 5.3 cr per month of pre-COVID period. Value of E-way bills generated in June is close to pre-lockdown figures. Unlock 2.0 set to witness a further surge. New Delhi, 5thJuly 2020: E-way bill generation data, one of the prominent indicators of economic […]...

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Updated Central Goods and Services Tax Rules, 2017

This article have updated Central Goods and Services Tax Rules, 2017 / CGST Rules, 2017, which were initially released on 19th June 2017 and amended by various notifications issued from time to time. CGST Rules are updated with notifications issued till 03rd April 2020. Details of Initial and Subsequent Notifications is as follows :- S. [...

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Digital GST Ready Reckoner by Taxguru Edu

We are happy to announce the launch of our Digital GST Ready Reckoner-2020. With this transformation we strive towards bringing flexibility in reading and understanding the law. This Digital GST Ready Reckoner is beyond just a PDF version to our paper book. It has some distinct benefits and offers versatility in comparison to the printe...

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Message of Hon’ble MOS (Finance) on GST Day

GST has brought about changes and new opportunities in all spheres of economy and taxation. GST, not only subsumed most of the indirect taxes and created one tax, it has also unified the country and trade in many more ways, thus bringing out One Nation One Tax in true spirit....

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SMS filing of NIL statement of FORM GSTR-1

The facility of SMS filing of NIL statement of FORM GSTR-1 is going to start from 1st week of July 2020 A taxpayer may now file NIL Form GSTR-1, through an SMS, apart from filing it through online mode, on GST Portal. To file NIL Form GSTR-1 through SMS, the taxpayer must fulfil following conditions: […]...

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Late Fee Waiver From GST Late Payments

The Central Board of Indirect Taxes and Customs (CBIC) announced a conditional waiver of the late fee had been provided for taxpayers as a relief to businesses amid the pandemic on June 27, 2020. Earlier, the CBIC had announced a waiver of late fee as a result of the key decisions taken by the GST Council on June 12, […]...

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Relaxation of Late Form GSTR 3B Filing fees

57/2020-Central Tax (30//0/6/20)

The Central Board of Indirect Taxes & Customs (CBIC) vide Notification No. 57/2020-Central Tax dated June 30, 2020 has capped the Late Fee for Form GSTR 3B at maximum Rs. 500 (i.e. Rs. 250 for CGST and Rs. 250 for SGST or Max Rs. 500 for IGST ) for the tax period July 2017 to July 2020 […]...

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Rs. 90,917 crore gross GST revenue collected in June 2020

The gross GST revenue collected in the month of June, 2020 is Rs. 90,917 crore of which CGST is Rs. 18,980 crore, SGST is Rs. 23,970 crore, IGST is Rs. 40,302 crore (including Rs. 15,709 crore collected on import of goods) and Cess is Rs.7,665 crore (including Rs. 607 crore collected on import of goods)....

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DGGI booked a case against unregistered Pan Masala/Gutkha manufacturing unit

Acting on specific intelligence the Directorate General of Goods and Service Tax Intelligence, Headquarters (DGGI, Hqrs) has unveiled an unregistered Pan Masala/Guthka factory, being run in Delhi....

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GSTN launches SMS facility for Nil Filing of GSTR-1

Goods and Services Tax Network (GSTN), the technology backbone of GST system, has launched the facility of NIL filing ofGSTR-1 through SMS. This will benefit approximately 12 lakh taxpayers who can now file their return without login to the GST portal....

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