Gstn

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