GST updates

In this section you will get all the updates of GST.

GST Revenue collection for July 2020

173 ViewsGST Revenue collection for July 2020 Ministry of Finance₹ 87,422 crore gross GST revenue collected in  July The gross GST revenue collected in the month of July, 2020 is ₹ 87,422 crore of which CGST is ₹ 16,147crore, SGST is ₹ 21,418 crore, IGST is ₹ 42,592 crore (including ₹ 20,324 crore collected on import of goods) and Cess is ₹7,265 crore (including ₹ 807crore collected on import of goods). …

GST Revenue collection for July 2020 Read More »

How to Importing Invoice-details Declared in e-Way Bill System into Form GSTR-1

169 ViewsHow to Importing Invoice-details Declared in e-Way Bill System into Form GSTR-1 How can I import invoice-details, declared in e-Way Bill System, into Form GSTR-1? To import invoice-details, declared in e-Way Bill System, into Form GSTR-1; perform following steps: Login at GST Portal, navigate to GSTR-1 page of the selected tax period and generate GSTR-1 SummaryImport …

How to Importing Invoice-details Declared in e-Way Bill System into Form GSTR-1 Read More »

Interim measure for filing revocation of cancellation order in appeal channel

202 ViewsInterim measure for filing revocation of cancellation order in appeal channel 1. In case your application for revocation of cancellation of registration was rejected by the tax authorities before 12/6/2020 and you wish to avail benefit of RoD order 01/2020 dated 25.06.2020, as an interim measure, you can request the appellate authority or the …

Interim measure for filing revocation of cancellation order in appeal channel Read More »

Relief in late fee to Taxpayers filing Form GSTR-3B

384 ViewsRelief in late fee to Taxpayers filing Form GSTR-3B Government has extended dates for GST filings as notified vide Not. No. 52/2020 dt 24.06.2020 and No. No 57/2020-CT dated 30.06.2020. Late Fee Relief to Normal Taxpayers filing Form GSTR-3B: Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FYTax periodLate fees waived if return filed on or …

Relief in late fee to Taxpayers filing Form GSTR-3B Read More »

Relief in late fee to Taxpayers filing Form GSTR-1

168 ViewsRelief in late fee to Taxpayers filing Form GSTR-1 Government has extended dates for GST filings as notified vide Notification No. 53/2020 dt 24.06.2020. A Circular No. 141/1/2020-GST dated 24th June, 2020 has also been issued in this regard. 2.Late Fee Relief to Normal Taxpayers filing Form GSTR-1: Tax period Due Date Waiver of late fee if return …

Relief in late fee to Taxpayers filing Form GSTR-1 Read More »

Relief in opting for Composition by Taxpayers, filing other Returns & EWB.

178 ViewsRelief in opting for Composition by Taxpayers, filing other Returns & EWB. Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. These are notified in Central Tax Notifications 30, 34 & 35/2020 dated 03.04.2020 & 47/2020 dated 09.06.2020 & 55/2020 dated 27.06.2020.4.Opt in for Composition in FY 2020-21 Normal Taxpayers …

Relief in opting for Composition by Taxpayers, filing other Returns & EWB. Read More »

Centre Releases Rs.36,400 Crore as GST Compensation to States

194 ViewsMinistry of Finance Centre Releases Rs.36,400 Crore as GST Compensation to States Taking stock of the current situation due to COVID-19 where State Governments need to undertake expenditure while their resources are adversely hit, the Central Government has released the GST Compensation of Rs.36,400 crore to the States/UTs with Legislature for the period from December, …

Centre Releases Rs.36,400 Crore as GST Compensation to States Read More »

Get 20% Extra off on Pen Drive Course| Use Coupon Code-Pen20 | offer Valid Til 30th Sep 2020

X
Open chat