Page 2 - Gst Returns

Govt moves SC against Bharti Airtel in Rs 923 cr GST refund case

Seeks reversal of Delhi HC order favouring the firm, claiming that the company under-reported input tax credit

Govt caps late fee at Rs 500 for GST returns filed before Sept 30

Even those with nil liabilities had huge late fee outstanding under previous provisions; in their case it has been made zero now

June GST collections at Rs 90,917 cr, up from Rs 62,009 cr mopped up in May

The government had allowed a relaxed time schedule for filing of Goods and Services Tax (GST) returns

Blanket exemption from fees for late GST payments unfair, says CBIC

The CBIC said a blanket exemption of late fee would be unfair towards taxpayers who filed their February, March and April GST sales returns within the extended due date

No fee for late filing of GST returns for entities with nil liability: FM

Briefing reporters after GST Council meeting, she said the late fee for non-filing of monthly sales return for others has been reduced to a maximum of Rs 500 for July 2017 to January 2020 period

Revenue and compensation on table at GST Council meeting on Friday

The government has rung up just about Rs 95,000 crore as GST in April and May together, and that is less than half compared with the collection in the corresponding months last year.

Industry favours staggered GST returns, seeks HSN code only up to 4 digits

In the new returns, there would be one main form - GST RET-1, which will contain details of all supplies made, input tax credit availed, and payment of taxes.

Govt blocks GST e-way bill generation; move may impact 300,000 firms

These businesses had not filed their monthly GST Return (GSTR)-3B for two consecutive months

Debates about entrepreneurship & growth

This is a crucial issue at a time when global business leaders are committing themselves to stakeholder interests rather than only shareholder interest

GST filing system working smoothly within its threshold: Infra provider

GSTN claimed that more than 11.52 lakh GSTR3B (October) returns were filed on Tuesday out of which about 1.82 lakh returns were filed in a peak hour

FM holds first of a series of meetings with CAs, traders on simplifying GST

The finance minister assured the stakeholders that their suggestions on simplification of GST filing will be implemented soon, Revenue Secretary Ajay Bhushan Pandey said after the meeting

UP CM Adityanath for awareness drives to help traders in filing GST returns

In addition, he also asked officials to think of ways to assess the GST amount collected at the district level

Only 7% taxpayers will be required to submit monthly GST returns

GSTN is currently conducting outreach programmes to make the industry familiar with the new return system.

Roll out of simple GST returns deferred to Oct; trial to start next month

To be implemented in phases, to be fully in pace by January next

New IT system to soon bar e-way bills if GST returns not filed for 2 months

Transporters of goods worth over Rs 50,000 would be required to present e-way bill during transit to a GST inspector, if asked

New IT system to soon bar e-way bills if GST returns not filed for 6 months

The move, officials believe, would help check Goods and Services Tax evasion

Fixing input tax credit: Get ready for new GST return filing system in 2019

Many companies are exploring to change their vendor payment process by linking it with their GST compliance

Modi govt introduces four Bills in the Lok Sabha to simplify GST returns

The Bills are primarily aimed at helping the MSME sector and small traders, Finance Minister Piyush Goyal said while introducing these in the Lok Sabha

Underpayment of GST by about 34%, firms get scrutiny notices for mismatch

In this case, only 10 days time has been granted to the companies for replying to scrutiny notices

Changing face of filing returns under GST

Three forms are to be filed in a month and one additional annual return. So, total 37 returns are to be filed