Goods and Services Tax notification

DGGI Bhubaneshwar detected irregular availment of ITC of Rs. 120.58 Cr

D.O.No.81/CH(IC)/2020 02/08/2021

DGGI Bhubaneshwar Zonal Unit has detected irregular availment of ITC to the tune of Rs. 120.58 crore by a company engaged in constructing railway lines on Build Own Operate and Transfer model. During investigation, the company accepted the lapse and reversed the entire amount of wrongful ITC to the extent of Rs. 120.58 crore....

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GSTR-9 filing exempted if turnover is upto Rs. 2 crs for FY 20-21

Notification No. 31/2021-Central Tax/ [G.S.R. 518(E)] 30/07/2021

Vide Notification No. 31/2021-Central Tax Dated : 30th July, 2021 CBIC exempts the registered person whose aggregate turnover in the financial year 2020-21 is upto two crore rupees, from filing annual GST return for the said financial year. This would ease compliance requirement of furnishing reconciliation statement in FORM GSTR-9C, as t...

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CBIC amends Rule 80 Annual return, GSTR 9 Instructions & GSTR 9C

Notification No. 30/2021–Central Tax/[G.S.R. 517(E)] 30/07/2021

CBIC has vide Notification No. 30/2021–Central Tax | Dated 30th July, 2021 amended Rule 80 related to Annual GST Return, It further amended Instructions related to GSTR 9 and also amended Form GSTR 9C. Full text of the Notification is as follows:- Ministry Of Finance (Department Of Revenue) (Central Board Of Indirect Taxes And Customs) ...

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Govt omits GST Audit provision & amends Section 44 Annual return

Notification No. 29/2021–Central Tax/[G.S.R. 3065(E)] 30/07/2021

Vide CGST Notification No. 29/2021-Central Tax dated 30/07/2021 CBIC has notified the provisions of Section 110 & 111 of the Finance Act, 2021 w.e.f. 01.08.2021. While Section 110 omits section 35(5) of CGST Act means GST Audit (GSTR-9C) by CA/CMA is no longer required and Section 111 substitutes section 44 (Annual return) of CGST Act...

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How to add bank account in GST registration details

493 29/07/2021

A functionality to check status of bank account details update for the taxpayers who have taken new registration at GST Portal but have not yet furnished the same, has been introduced, in view of Rule 10A of the CGST Rules 2017. Such taxpayers are required to update their Bank Account Details within 45 days of the first login henceforth....

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Delhi Authority for Advance Ruling reconstituted

Notification No. F. 3 (17)/Fin (Rev-I)/2017-18/DS-IV/602 27/07/2021

Governor of Delhi under Delhi Goods and Services Tax Act, 2017, is pleased to reconstitute the Delhi Authority for Advance Ruling, with Abhishek Chandra Gupta and Franklin Laltinkhuma (IAS)....

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New functionality on Annual Aggregate Turnover on GST Portal

492 27/07/2021

New functionality on Annual Aggregate Turnover (AATO) deployed on GST Portal for taxpayers. GSTN has implemented a new functionality on taxpayers’ dashboards with the following features: The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY, instead of just the two slabs of Above or Upto Rs. 5 Cr. The ...

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Weekly newsletter from Chairman, CBIC dated 26/07/2021

D.O.No.80/C11(1C)/2020  26/07/2021

On the Anti-smuggling front, acting on specific intelligence, officers of DRI Siliguri Regional Unit intercepted a vehicle coming from Guwahati and moving towards Lucknow. On thorough rummaging, 50 gold biscuits of foreign origin weighing about 8.3 Kg with an approximate value of Rs. 4.07 crore were found concealed in the said vehicle. Th...

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Annual return Filing by composition taxpayers & Negative Liability in GSTR-4

Advisory No. 491 22/07/2021

Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4 Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4 Instances have come to notice where taxpayers are reporting negative liability appearing in their GSTR-4. Background: Since FY 2019-20, composition taxpayers has to...

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SC order not extend every action/proceeding under CGST Act: CBIC

Circular No. 157/13/2021-GST 20/07/2021

The extension granted by Hon'ble Supreme Court order applies only to quasi-judicial and judicial matters relating to petitions/ application suits/ appeal all other proceedings. All other proceedings should be understood in the nature of the earlier used expressions but can be quasi-judicial proceedings. Hon'ble Supreme Court has stepped i...

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August 2021