Gst Returns

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Gst Returns - Total results - 31
GST Council to discuss waiver of late fee for August 2017 to January 2020; next meeting to be held on 14 June
Business

GST Council to discuss waiver of late fee for August 2017 to January 2020; next meeting to be held on 14 June

The CBIC said late fee is imposed to ensure that the taxpayers file return in time and pay taxes on the amount collected from buyers and due to the government.

Govt extends last date for filing annual GST return for FY19 by 3 months till September
Business

Govt extends last date for filing annual GST return for FY19 by 3 months till September

The government has extended the last date for filing annual GST return for the financial year 2018-19 by three months till September 2020

GST mop-up slips below Rs 1 lakh cr-mark first time in four months, March collection at Rs 97,597 cr
Business

GST mop-up slips below Rs 1 lakh cr-mark first time in four months, March collection at Rs 97,597 cr

GST collections in March slipped below the psychological Rs 1 lakh crore-mark for the first time in four months to Rs 97,597 crore as COVID-19 lockdown that shut most businesses compounded tax collections in an already sluggish economy

GST Council resorts to voting for first time; fixes 28% uniform tax rate for state, private lottery
Business

GST Council resorts to voting for first time; fixes 28% uniform tax rate for state, private lottery

When the issue of levy of GST on lottery came up at the 38th meeting of the Council, the consensus remained elusive, which led to a vote being taken to decide on

GST collections dip to 19-month low of Rs 91,916 cr in September; 75.94 lakh returns filed: Finance ministry
Business

GST collections dip to 19-month low of Rs 91,916 cr in September; 75.94 lakh returns filed: Finance ministry

The Goods and Services Tax (GST) collection in September declined to Rs 91,916 crore, as against Rs 98,202 crore in the preceding month, as per government data released on Tuesday

Promoters, directors now getting SMS alerts for discrepancies in returns filed, GST non-payment
Business

Promoters, directors now getting SMS alerts for discrepancies in returns filed, GST non-payment

The GST Network has developed a system whereby SMSes are being sent to promoters, directors and proprietors automatically in case of default in payment of tax, filing of returns or mismatch in ITC claims by the business entities, its Chief Executive Prakash Kumar said

Tax and legal consultants seeks extension of GST return filing for 2017-18 by four months
Business

Tax and legal consultants seeks extension of GST return filing for 2017-18 by four months

Tax and legal consultants Wednesday complained about the time-limit of three months given to file the GST returns for 2017-18 as hundreds of amendments, notifications and circulars have made the Act very complex

Restaurants, small B2C entities under scanner for GST evasion; tax department develops mechanism to deal with issue
Business

Restaurants, small B2C entities under scanner for GST evasion; tax department develops mechanism to deal with issue

Several consumers have filed complaints through a mobile app -Iris Peridot - that GST was charged by small restaurants but the eatery neither deposited taxes with the government nor filed GST returns

Non-filers of GST returns for 6 consecutive months to be barred from generating e-way bills for movement of goods
Business

Non-filers of GST returns for 6 consecutive months to be barred from generating e-way bills for movement of goods

Central tax officers have detected 3,626 cases of GST evasion/violations cases, involving Rs 15,278.18 crore in April-December period.

Budget 2019: Arun Jaitley’s calculations have gone awry because of a huge shortfall in GST collections
Business

Budget 2019: Arun Jaitley’s calculations have gone awry because of a huge shortfall in GST collections

At the current rate, the gap in the actual central GST earned and the central GST that the government hoped that it would earn, will be close to Rs 1,50,000 crore.

Finance ministry says sale of flats after issue of completion certificate won't attract Goods and Services Tax
India

Finance ministry says sale of flats after issue of completion certificate won't attract Goods and Services Tax

However, Goods and Services Tax (GST) is applicable on sale of under-construction property or ready to move in flats where completion certificate is not issued at the time of sale, it said.

Finance Ministry extends last date for filing annual GST returns till 31 March next year
Business

Finance Ministry extends last date for filing annual GST returns till 31 March next year

The Finance Ministry has extended the last date for filing annual GST return forms by three months until 31 March, 2019.

Traders body urges finance minister Arun Jaitley to extend last date for GST filing to March 2019
Business

Traders body urges finance minister Arun Jaitley to extend last date for GST filing to March 2019

The Confederation of All India Traders (CAIT) on Thursday said it has urged finance minister Arun Jaitley to extend the last date for filing annual goods and services tax (GST) return from 31 December, 2018 to 31 March, 2019

Finance Ministry extends deadline for filing September GST returns till 25 October
Business

Finance Ministry extends deadline for filing September GST returns till 25 October

Since the ITC is availed on the basis of summary sales return or GSTR-3B filed. the deadline for ITC claims and GSTR-3B have been kept same

Government extends deadline for filing July GST summary sales returns till 24 August
Business

Government extends deadline for filing July GST summary sales returns till 24 August

"Last date of filing GSTR-3B for the month of July, 2018 has been extended to 24 August, 2018," an official statement said. The earlier due date was 20 August.

GST: Industry body CII seeks clear guidelines on anti-profiteering, higher e-way bill threshold
Business

GST: Industry body CII seeks clear guidelines on anti-profiteering, higher e-way bill threshold

Industry body CII has suggested to the GST Council to come up with clear guidelines on anti-profiteering and raise the threshold for intra-state e-way bill generation to Rs 1 lakh.

One year of GST: With compliance at 69%, tax collections have begun to stabilise; time to make process smooth
Business

One year of GST: With compliance at 69%, tax collections have begun to stabilise; time to make process smooth

The challenges to GST have ranged from being infrastructural - complicated compliance, tax slab revisions or last minute timeline alterations to psychological – as India is not a DIY (Do it yourself) economy

GST in 'smooth phase', return simplification high on agenda, says finance secretary Hasmukh Adhia
Business

GST in 'smooth phase', return simplification high on agenda, says finance secretary Hasmukh Adhia

Finance Secretary Hasmukh Adhia on Tuesday said Goods and Services Tax (GST) has entered a "smooth phase" within a year of its rollout, with "pretty good" tax compliance and the efforts will now be to simplify tax return forms

One year of GST: Tax regime is anything but good and simple; govt can simplify it to improve ease of doing business
Business

One year of GST: Tax regime is anything but good and simple; govt can simplify it to improve ease of doing business

The complicatedness of the system can also be made out from the fact that the GST council has put out 158 notifications till date.

GST Council approves making GST-Network a government entity; simplifies return filing process
Business

GST Council approves making GST-Network a government entity; simplifies return filing process

Since its implementation on 1 July 2017, the GST Council has made some 376 changes by amending rules.