GST PMT 09 Live on GST Portal | File GST PMT-09
Posted Date : 23-Apr-2020 , 10:27:02 am | Posted By CASANSAAR
GST portal update Form PMT-09 is live on GST Portal. How taxpayer can transfer cash balance under one head to another head explained by CA. Mansi Vohra..
https://youtu.be/5Z-051O07Tw
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GST Refund worth Rs. 5575 Cr processed in 15 days
Posted Date : 18-Apr-2020 , 10:36:14 am | Posted By CASANSAAR
The Central Board of Excise and Custom (CBIC) on Friday reported settling GST (Goods and Services Tax) refund claims worth ₹5,575 crore.
Since March 30, the board processed nearly 13,000 refund applications. “While in the last week itself, CBIC has processed 7,873 claims worth ₹3,854 cr...
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Committed to help GST taxpayers in COVID-19 situations - CBIC
Posted Date : 18-Apr-2020 , 10:05:13 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) said that it is fully committed to help the GST taxpayers in the present COVID-19 situation.
Since 30th March 2020, CBIC has processed 12,923 refund applications involving claims worth Rs 5,575 Crore, while in the last week its...
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Wish List of Relaxations under GST to the Assesses during COVID-19
Posted Date : 17-Apr-2020 , 09:39:15 am | Posted By CASANSAAR
Wish List of Relaxations under GST to the Assesses during COVID-19, Suggestion to the GST Council, Central Govt to provide such relaxations under GST. Watch this Video,,,
https://youtu.be/rPun-6f8FOg
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Changes under GST due to COVID-19
Posted Date : 17-Apr-2020 , 09:38:23 am | Posted By CASANSAAR
Changes under GST due to COVID-19 discussed by CA.(Dr) Gaurag Gupta. Watch this Video,,,
https://youtu.be/Zm4nHYMioYA
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FAQs on GST Composition Levy | Extension of due date for opting of Composition Scheme
Posted Date : 17-Apr-2020 , 09:37:10 am | Posted By CASANSAAR
FAQs on GST Composition Levy - Extension of due date for opting of composition scheme discussed by CA.Mansi Vohra. Watch this Video,,,,,
https://youtu.be/RWfz46FCQis
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Electronic documents for clearing imports allowed - CBIC
Posted Date : 15-Apr-2020 , 10:48:15 am | Posted By CASANSAAR
In a move that will help movement of essential goods and commodities through customs, the government has allowed importers and customs brokers to give electronic out of charge copies of bill of entry and eGatepass from April 15.
The latest reform towards paperless customs will help tide over diff...
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GST on Director Remuneration | AAR's Ruling on Directors Remuneration
Posted Date : 13-Apr-2020 , 09:14:03 am | Posted By CASANSAAR
Remuneration paid to directors to attract GST by Rajasthan bench of the AAR in the case of Clay Craft India Pvt Ltd. discussed by CA.(Dr.) Gaurav Gupta)
https://youtu.be/bUtuc4gYgIA
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GST Registration requirements in case of supply from other States
Posted Date : 13-Apr-2020 , 08:45:38 am | Posted By CASANSAAR
GST Registration requirements in case of supply from other States - Karnataka AAR's Ruling in case of Kardex India Solutions (P) Ltd. discussed by CA.(Dr) Gaurav Gupta)
https://youtu.be/cHbKAD68fy4
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Remuneration to Directors to attract GST - AAR
Posted Date : 08-Apr-2020 , 08:56:05 am | Posted By CASANSAAR
Companies will have to pay GST on the remuneration they dole out to directors, the Authority for Advance Ruling (AAR) has said.
In an application filed before the Rajasthan bench of the AAR, Clay Craft India Pvt Ltd had sought clarification on whether salaries paid to directors would attract Good...
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GST officers Process 10,077 new registrations, 7,876 refund applications from home access
Posted Date : 07-Apr-2020 , 09:48:23 am | Posted By CASANSAAR
GST Network on Sunday said tax officers have processed over 10,000 new registrations and about 8,000 refund applications in the first 10 days of lockdown till April 3, working through Virtual Private Network (VPN).
In a statement, the Goods and Services Tax Network (GSTN) said it has enabled tax ...
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CBIC notifies relief to businesses on tax credits, e-way bills
Posted Date : 05-Apr-2020 , 10:03:15 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) late on Friday notified major relief to businesses by offering flexibility in claiming tax rebates and extending the validity of electronic permits for movement of goods. The idea is to help businesses meet the challenges of cashflow and disrupt...
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Recent Judicial Pronouncements and AAR under GST | GST
Posted Date : 04-Apr-2020 , 11:16:47 am | Posted By CASANSAAR
Let's use this quarantine to learn about Recent Judicial Pronouncements and AAR under GST discussed by CA.Bhavesh Mittal.
https://youtu.be/fICOGd7kZjc
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GST collections for March stand at Rs 97597 Cr
Posted Date : 02-Apr-2020 , 12:05:21 pm | Posted By CASANSAAR
Goods and services tax collections for March, 2020 stood at Rs. 97,597 crore, lower than Rs. 1.05 lakh crore collected in February, 2020. Until February, GST collections crossed Rs. 1 lakh crore for four consecutive months.
Of the total Rs. 97,597 crore, central GST stood at Rs.19,183 crore, stat...
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Recent Amendments Under GST Law including Updates on Press Conference of FM
Posted Date : 29-Mar-2020 , 09:46:51 am | Posted By CASANSAAR
Recent Amendments Under GST Law including Updates on Press Conference of Finance Minister discussed by CA.Bhavesh Mittal.
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https://youtu.be/8VJca40JN98
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Companies under IBC will need New GST Registration
Posted Date : 24-Mar-2020 , 11:09:09 am | Posted By CASANSAAR
Companies under Insolvency and Bankruptcy process must avail a fresh GST registration within 30 days of a resolution professional being appointed for them.
If the resolution professionals have already been appointed, GST registration will have to be availed within a month, the government ha...
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Outcomes of 39th GST Council Meeting | Updates of 39th GST Council Meeting
Posted Date : 15-Mar-2020 , 09:22:35 am | Posted By CASANSAAR
Updates of 39th GST Council Meeting explained by CA. Hajela.
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https://youtu.be/bWRjwsCw3vA...
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ITC frauds under GST rise 170% in just nine months of FY20
Posted Date : 14-Mar-2020 , 09:52:46 am | Posted By CASANSAAR
The number of input tax credit (ITC) fraud cases under Goods & Services Tax (GST) in the first nine months of this financial year has risen 170 per cent more than that reported in the whole of last fiscal. During the same period, the amount involved is nearly 80 per cent of full FY19.
Accordi...
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e-Invoicing Process under GST
Posted Date : 13-Mar-2020 , 03:29:14 pm | Posted By CASANSAAR
e-Invoicing Process under GST explained by Mr. Gaurav Mohan.
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https://www.youtube.com/watch?v=3x1giycA-eA
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GST Council may correct rate anomaly on March 14
Posted Date : 12-Mar-2020 , 08:52:50 am | Posted By CASANSAAR
Mobile phones, textiles and a few other goods may become costlier if the GST Council chooses to correct certain duty structures on them due to which finished products attract lower duty than the raw material.
This imbalance in taxes, which is called inverted duty structure, has been resulting int...
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Two directors of exporting companies arrested for fraudulently claiming GST refund
Posted Date : 09-Mar-2020 , 10:09:55 am | Posted By CASANSAAR
The Directorate General of GST Intelligence (DGGI) on Saturday said it has registered a case against XXXXXXXXXXXXX Pvt Ltd and others for fraudulently claiming refunds on export of goods of over Rs 61 crore.
“DGGI booked a case on March 6, 2020 against XXXXXXXXXXXXXX Pvt Ltd & others. A...
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DGGI (Hqrs.) registered a case for fraudulently claiming IGST refunds on export of goods
Posted Date : 07-Mar-2020 , 03:26:03 pm | Posted By CASANSAAR
DGGI (Hqrs.) booked a case on 06.03.2020 against M/s Aastha Apparels Pvt Ltd & others. Aforesaid companies have fraudulently claimed IGST refunds on export of goods to the tune of more than Rs. 61 Crores.
It has been revealed that ITC has been fraudulently availed by M/s Aastha Apparels Pvt L...
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Major Racket of Fake Invoicing of Rs.7896 Cr Busted Involving Network of 23 Shell Companies
Posted Date : 04-Mar-2020 , 07:56:21 am | Posted By CASANSAAR
The officers of Anti Evasion wing of Central Tax, Delhi West Commissionerate have busted a major racket of fake invoicing of Rs.7896 crore involving fraudulent Input Tax Credit (ITC) of Rs.1709 crore, using a network of 23 shell companies, which procured and generated invoices without actual supply ...
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GST deptt detect fake invoices, arrest 3 in Delhi
Posted Date : 03-Mar-2020 , 10:15:54 am | Posted By CASANSAAR
GST department have arrested three persons involved in floating 17 fake firms and wrongfully availing credit on taxes paid on input worth Rs 436 crore by issuing fake invoices.
Officers of the Central GST Delhi East Commissionerate detected that the fraudulently availed input tax credit by ...
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Provision for Quarterly Payment of GST by MSMEs
Posted Date : 02-Mar-2020 , 05:08:17 pm | Posted By CASANSAAR
The Small and Medium sector companies now get the benefit of the new return model under GST which ensures quarterly filing of returns for those taxpayers whose annual aggregate turnover in the preceding Financial year does not exceed Rs.5 crore.
Department of Revenue have informed that there is n...
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Govt planning to launch lottery offer under the GST from 1 April
Posted Date : 02-Mar-2020 , 08:29:57 am | Posted By CASANSAAR
The government is planning to launch lottery offer under the Goods and Services Tax (GST) from April 1 by conducting lucky draws every month for invoices of all business to customer (B2C) transactions.
The lottery scheme is being envisaged by the revenue department to encourage customers to take ...
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GST Revenue collection for February, 2020 Rs.1,05,366 Cr
Posted Date : 02-Mar-2020 , 08:23:17 am | Posted By CASANSAAR
The gross GST revenue collected in the month of February, 2020is Rs. 1,05,366crore of which CGST is Rs. 20,569crore, SGST is Rs. 27,348crore, IGST is Rs. 48,503crore (including Rs. 20,745crore collected on imports) and Cess is Rs. 8,947 crore (includ...
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Procedure for Integration of E-Way Bill with VAAHAN
Posted Date : 29-Feb-2020 , 08:46:29 am | Posted By CASANSAAR
Procedure for Integration of E-Way Bill with VAAHAN explained by CA. Bhavesh Mittal.
Watch this Video,,,
https://youtu.be/mGGxD3C4m_0
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CBIC issues notices to companies over late input credit claim under GST frame
Posted Date : 27-Feb-2020 , 09:34:39 am | Posted By CASANSAAR
The indirect tax department has issued notices to thousands of companies that had claimed input tax credit under the goods and services tax framework after missing the deadline to do so, and asked them to reverse the transaction.
These companies had claimed the input tax credit for fiscal 2018 an...
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28 per cent GST will be levied on lotteries from 1st March
Posted Date : 24-Feb-2020 , 09:59:13 am | Posted By CASANSAAR
A 28 per cent Goods and Services Tax (GST) will be levied on lotteries from March 1, according to a notification. The GST Council had in December last year decided to impose a single rate of 28 per cent on state-run and authorised lotteries.
The revenue department notified the GST rate on supply ...
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