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Gstn News
New GST rules in effect from today, businesses with over Rs 100 Cr turnover to upload electronic invoices on IRP
“To ensure timely compliance, taxpayers in this category will not be allowed to report invoices older than 7 days on the date of reporting,” GST Network (GSTN) said.
CBIC extends GSTR 3B filing return due date amid glitches in GSTN portal
GST Implementation Committee of GST Council had approved the extension of GSTR 3B filing return due date
GSTN glitch: Infosys asked to submit resolution plan in 15 days, Nandan Nilekani to make presentation
The finance ministry has asked Infosys to provide within 15 days a plan for quick resolution of glitches on the GSTN portal, as it took strong note of the "unresolved" problems and "tardy" progress made over the last two years on multiple issues faced by taxpayers in filing returns
GST Council to set up grievance redressal mechanism for taxpayers; panel to be constituted for 2 years
The council will set up the Grievance Redressal Committee (GRC) at zonal and state levels consisting of both central tax and state tax officers, representatives of trade and industry and other GST stakeholders.
IHMCL, GSTN to ink pact to integrate Fastag with GST E-Way Bill System; deal to help monitor movement of vehicles
The GST Council has already accorded 'in-principle' approval for this integration.
Avalara launches TrustFile GST annual return filing feature for GSTR-9 in a bid to enhance accuracy of process
The current deadline for businesses to file GSTR-9 is 31 August 2019.
Bogus IGST refund claims: Govt to verify exporters' claims before sanctioning; standard operating method to be devised
The CBIC said it has observed instances of availment of IGST refund using fraudulent input tax credit (ITC) claims by some exporters.
GST Network provides free accounting, billing software to MSMEs; to benefit about 80 lakh small businesses
GST Network (GSTN) on Tuesday said it has started offering free accounting and billing software to MSMEs with an annual turnover of up to Rs 1.5 crore, which would benefit about 80 lakh small businesses
GST Council sets up two sub-groups to examine legal, technical aspects of e-invoice for B2B sales
While one sub-group will examine the business process, policy and legal aspects for generation of e-invoice, the other will recommend technical aspects for its roll-out
GST Network releases prototype of new simplified return filing form; to be launched later this year
Stakeholders can share their comments on 'feedback.newreturn@gstn.org.in', said GSTN, the company which handles the technology backbone of Goods and Services Tax (GST) regime.
Automated GST refunds for exporters by next month as revenue department plans to introduce faceless scrutiny
Since the GST Network (GSTN) systems are integrated with Customs, hence, refunds are generally transferred to the bank accounts of such exporters within a fortnight.
US objects to RBI's decision to set up Public Credit Registry, says it will limit private credit bureaus' access to data
In December last year, the RBI shortlisted six major IT companies, including TCS, Wipro and IBM India, to set up a wide-based digital PCR
B2B invoices will have to be generated on centralised government portal by September to check GST evasion
The revenue secretary is monitoring the progress of implementation of electronic or e-invoice project for which an officers' committee has already been set up
Non-filers of GST returns for two months to be barred from generating e-way bills from 21 June
Businesses under GST composition scheme will be barred from generating e-way bill if they fail to file tax returns for two consecutive filing periods, which is six months
Businesses with turnover over Rs 2 cr can now start filing GST audit reports for FY18
Businesses with an annual turnover of over Rs 2 crore can now start filing GST audit reports for fiscal 2017-18 as GST Network (GSTN) has made its format available on its portal
Not filing income tax returns will cost you dearly as ex-parte assessment proceedings can be troublesome
The CBDT is aware that despite indulging in high value transactions, there may not be any taxable income to warrant filing of return.
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.
Govt does well to dovetail MSME loan rescheduling with GST, a carrot and stick policy beyond reproach
The latest move is to apply balm on the MSMEs ravaged by demonetisation and Goods and Services Tax.
TCS, Wipro, IBM, 3 others shortlisted by Reserve Bank of India for setting up Public Credit Registry
The Public Credit Registry would be the single point of mandatory reporting for all material events for each loan, notwithstanding any threshold in the loan amount or type of borrower.
NITI Aayog unveils strategy document to make India $5-trillion economy by 2030; pitches for labour reforms, social security
NITI Aayog has pitched for completing labour reforms, increasing participation of women workers, implementing minimum wage, improving employment data collection and broadening social security