Rs.1,10,828 Cr GST Gross Revenue collected for January, 2020
Posted Date : 01-Feb-2020 , 02:41:41 pm | Posted By CASANSAAR
The gross GST revenue collected in the month of January, 2020 is Rs. 1,10,828 crore of which CGST is Rs. 20,944 crore, SGST is Rs. 28,224 crore, IGST is Rs. 53,013 crore (including Rs. 23,481 crore collected on imports) and Cess is&nbs...
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GSTR-9 & GSTR-9C due dates extended in a Staggered manner
Posted Date : 01-Feb-2020 , 07:32:08 am | Posted By CASANSAAR
Considering the difficulties being faced by taxpayers in filing GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend the due dates in a staggered manner for different groups of States to 3rd, 5th and 7th February 2020 as under. Notifications will follow.
Group 1: Maharashtra, Karnataka...
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GST |
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FinMin summons Infosys on GST tech glitches
Posted Date : 31-Jan-2020 , 08:56:28 am | Posted By CASANSAAR
With complaints rising against the IT system of Goods & Service Tax (GST), the Finance Ministry has summoned Infosys on Friday to seek an explanation. Infosys is the technology service provider for GST.
According to FinMin sources, the Finance Ministry has called CN Raghupati, Senior Vice-Pre...
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GST |
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Changes in GST applicable w e f 01st January 2020
Posted Date : 30-Jan-2020 , 10:41:38 am | Posted By CASANSAAR
Changes in GST applicable wef 01st January 2020 eplained by CA Mohit Gupta.
Watch this video, click on the link.
https://youtu.be/AivBLrzeUY8
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GST |
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Simplification of GSTR 9 & GSTR 9C Discussion on tweets by GST Tech
Posted Date : 28-Jan-2020 , 09:51:42 am | Posted By CASANSAAR
Simplification of GSTR-9 & GSTR-9C Discussion on tweets by GST Tech On 27/01/2020 by CA Mohit Gupta.
Watch this Video.
https://youtu.be/mouFG_04qOE
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GST |
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Analysis of Rule 86A - Blocking of ITC
Posted Date : 28-Jan-2020 , 09:13:11 am | Posted By CASANSAAR
Fraudulent इनपुट पे सरकार का वार!!! Fake Supplier खबरदार .
Analysis of Rule 86A - Blocking of ITC by CA. Bhavesh Mittal.
https://youtu.be/dnoxO7YRRXo
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GST |
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0 | Hits : 1051
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Govt blocks Rs 40,000 Cr GST claims on returns mismatch
Posted Date : 28-Jan-2020 , 09:11:09 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) has frozen tax credits of around Rs 40,000 crore as the returns did not match, exposing alleged fraud by close to 2,000 entities, apart from cases where returns were not filed. Last week, the indirect tax wing of the revenue department blocked t...
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GST |
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Stagger dates for filing GSTR 3B
Posted Date : 25-Jan-2020 , 10:27:07 am | Posted By CASANSAAR
Stagger dates for filing GSTR 3B explained by CA.Bhawna Kindra.
Watch this Video.
https://youtu.be/o73B8OFWegs
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GST |
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GST authorities to block GST Credit of over 1,000 Taxpayers
Posted Date : 25-Jan-2020 , 10:17:05 am | Posted By CASANSAAR
The government has asked GST authorities to block input tax credit of about 1,000 taxpayers who have allegedly claimed more credit than they were eligible for, according to a senior official.
The Central Board of Indirect Taxes and Customs has asked every commissionerate to identify top 20 taxpay...
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GST |
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Now the GST Taxpayers can file their GSTR-3B Returns in a Staggered Manner
Posted Date : 22-Jan-2020 , 07:22:16 pm | Posted By CASANSAAR
Considering the difficulties faced by trade and industry in filing of returns, the government has decided to introduce several measures to ease the process. The Finance Ministry today said that now GST taxpayers can file their GSTR-3B returns in a staggered manner.
Presently the last date of fili...
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GST |
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Govt saves Rs 350 Cr fake IGST refund due to untraceable of over 1200 exporters
Posted Date : 15-Jan-2020 , 10:30:02 pm | Posted By CASANSAAR
Revenue Department using its data analytics has discovered a fraud in GST refunds with as many as 1,200 exporters, who have have claimed Rs 350 crore refunds, are now untraceable.
The department has reasons to consider that nefarious elements among the customs broker community may be connected wi...
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GST |
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HC clears confusion over contentious issue of composite supply under GST
Posted Date : 15-Jan-2020 , 09:03:11 am | Posted By CASANSAAR
The Kerala high court has tried to clear the air over the contentious issue of composite supplies under the Goods and Services Tax (GST) which experts say may become guiding principles to decide cases in litigation.
If more than one good or service are supplied by a company, these could be consid...
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GST |
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0 | Hits : 1962
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CBIC extends waiver of GSTR-1 late fee
Posted Date : 11-Jan-2020 , 10:22:55 am | Posted By CASANSAAR
The Central Board of Excise and Customs (CBIC) extended the last date for waiving late fee on filing of output supplies statements through Form GSTR 1 for the period between July 2017 and November 2019, by a week to January 17.
More than 54 lakh filings under goods and services tax (GST) were rec...
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GST |
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0 | Hits : 1018
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Tax authorities step up heat on erring businesses with GST Audit
Posted Date : 09-Jan-2020 , 07:13:30 am | Posted By CASANSAAR
Goods and Services Tax (GST) authorities have started audit of businesses for FY18, the year of the indirect tax reform, indicating that erring assessees will now be held accountable for lapses in tax payment and record keeping. GST audits are being initiated as part of the government’s drive ...
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GST |
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2nd National GST Conference held for streamlining GST system
Posted Date : 08-Jan-2020 , 09:33:36 am | Posted By CASANSAAR
The 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax was held here today under the chairmanship of Dr Ajay Bhushan Pandey, Revenue Secretary, Ministry of Finance.
The multi-faceted Conference was focused on brainstorming session for strea...
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GST |
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0 | Hits : 1358
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Revenue department unearths IGST refund fraud by top exporters
Posted Date : 07-Jan-2020 , 09:06:20 am | Posted By CASANSAAR
During a crackdown to check the misuse of IGST (Integrated Goods and Service Tax) funds by star exporters, the Central Board of Indirect Taxes (CBIC), through a sample study of 241 cases, has identified at least 9 star export houses that are untraceable and 82 such exporters whose declarations befor...
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GST |
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0 | Hits : 2019
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CBIC uses data analytics to identify risky exporters
Posted Date : 06-Jan-2020 , 09:36:01 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) in its drive to check fraudulent availment of IGST refunds, has extensively used data analytics and matched data with income tax, GST and customs to identify risky exporters. Ongoing investigations have thrown up at least 9-star export houses as...
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GST |
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0 | Hits : 824
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Best Judgement Assessment under GST
Posted Date : 04-Jan-2020 , 08:45:26 am | Posted By CASANSAAR
Best Judgement Assessment under GST
Best Judgement Assessment by Proper Officer for Defaulters of GST Returns explained by CA. Shilpa Sardana.
https://youtu.be/P963koeRsW4
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GST |
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0 | Hits : 1509
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E-commerce cos may get to upload GST e-invoice for vendors
Posted Date : 04-Jan-2020 , 08:35:47 am | Posted By CASANSAAR
In a significant relaxation for the ecommerce sector, the government could allow online platforms such as Amazon and Flipkart to upload e-invoice for vendors under the goods and services tax (GST) framework.
As part of ongoing trials of e-invoicing, a detailed set of clarifications in the f...
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GST |
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0 | Hits : 800
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AI, data analytics to track GST evaders, boost compliance
Posted Date : 03-Jan-2020 , 08:59:13 am | Posted By CASANSAAR
The government plans to increase the use of artificial intelligence and data analytics to track down tax evaders, and improve compliance with the Goods and Service Tax in order to augment revenue.
Top tax officials are scheduled to participate in a brainstorming session to be chaired by revenue s...
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GST |
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नए साल से GSTR 1 में ना करें ये भूल
Posted Date : 02-Jan-2020 , 09:49:55 am | Posted By CASANSAAR
नए साल से GSTR 1 में ना करें ये भूल.
Issues in GSTR-1 explained by CA.Rahul Jain.
https://youtu.be/I2APflqs7yk
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GST |
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GST collections touch Rs 1.03 lakh Cr in December 2019
Posted Date : 01-Jan-2020 , 07:36:50 pm | Posted By CASANSAAR
Indian economy began the new year on a positive note with the gross GST revenue collections for the December coming in at Rs 1,03,184 crore. This is the second straight month when GST collections surpassed the Rs 1 lakh crore mark, raising hopes that the economy may have bottomed out from the slowdo...
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GST |
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Rs 1,12,000 crore paid as IGST refunds to exporters - CBIC
Posted Date : 30-Dec-2019 , 09:36:27 pm | Posted By CASANSAAR
Central Board of Indirect Taxes and Customs, CBIC has said that over 1,12,000 crore rupees have been paid as Integrated Goods and Services Tax-IGST refunds to exporters.
In a statement, CBIC said, over 83,000 exporters have been benefited by these refunds. It said, this shows the government&rsquo...
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GST |
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0 | Hits : 702
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GSTR-3B नहीं File किया तो होगी कड़ी कार्रवाई
Posted Date : 27-Dec-2019 , 08:58:01 am | Posted By CASANSAAR
GSTR-3B नहीं File किया तो होगी कड़ी कार्रवाई
Discussion on Latest GST Circular No.129/49/2019 dated 24/12/2019 on SOP to be followed in case of non filer of return by CA. Pradeep Gupta. Watch This Video for Details.
https://youtu.be/9Zsg3gU4Qaw
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GST |
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0 | Hits : 947
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Anti-Evasion wing of CGST Delhi detects GST fraud of Rs 241 Cr
Posted Date : 26-Dec-2019 , 09:23:48 pm | Posted By CASANSAAR
The Anti-Evasion wing of CGST Delhi South Commissionerate has discovered here today yet another case of fake invoicing and GST fraud alongside a new modus operandi of defrauding the exchequer by exploiting the facility of refunds given for inverted duty structure. Over 120 entities who are involved ...
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GST |
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0 | Hits : 1768
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FinMin notifies GST grievance redress panel for tax payers
Posted Date : 25-Dec-2019 , 10:21:14 pm | Posted By CASANSAAR
The Finance Ministry on Wednesday notified setting up of a GST grievance redress committee at zonal/state level after it was approved in the last GST Council meeting this month.
The Council in its 38th meeting held on December 18 decided that a structured mechanism be set up for the taxpayers und...
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GST |
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GST on Notice Pay Recovery
Posted Date : 24-Dec-2019 , 08:18:39 am | Posted By CASANSAAR
GST on Notice Pay Recovery.
Notice period serve नहीं किया तो देना होगा GST???
Myth busted by CA Vishal Jain.
Watch this video to know more.
https://youtu.be/TNr0CMGtACY
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GST |
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Technical limitations cannot be ground to deny input tax credit under GST - HC
Posted Date : 24-Dec-2019 , 08:14:52 am | Posted By CASANSAAR
The Delhi High Court has said that the rights of Goods & Services Tax (GST) assessees ‘cannot be subjugated’ to the poor and inefficient software systems adopted by the authorities. The ruling is likely to benefit assessees who suffer due to technical glitches.
“The software...
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GST |
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0 | Hits : 1437
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New registrations by taxpayers being verified by GST council
Posted Date : 24-Dec-2019 , 08:07:57 am | Posted By CASANSAAR
The GST Council is verifying the 66.79 lakh new registrations by taxpayers, which could be fake or pertain to shell companies, Bihar Deputy Chief Minister Sushil Kumar Modi, who is also the convenor of Group of Ministers (GoM) on integrated GST, said on Monday.
"The new taxpayers, who are 66...
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GST |
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0 | Hits : 1475
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Companies under IBC process may get GST relief
Posted Date : 23-Dec-2019 , 04:11:14 pm | Posted By CASANSAAR
The government may allow companies undergoing resolution under the Insolvency and Bankruptcy Code (IBC) to pay current levies of goods and services tax (GST) without the mandatory payment of past dues. This will remove a hurdle in the bankruptcy resolution process.
Ministry of Corporate Affairs a...
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GST |
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