Archives for GST News - Page 4
Government says mistakes by exporters is the reason for delay in refund
In the press release made by Ministry of Finance, it has been expressed by the government that errors being made by exporters in filing their returns is the sole reason…
Revenue under GST falls to Rs 83,346 for the month of October 2017
A total sum of Rs 83,346 has been collected as Total Revenue Collection under GST for the month of October, received in November till 27th November 2017. Till date there are Lakhs…
GSTR1 for July re-enable on GST portal
Taxpayers who have not filed Form GSTR 1 for July 2017, can now file it on the GST Portal.
Functionality for refund of Input Tax Credit of inputs/input services attributed to export of Goods & Services is now available on the GST Portal
Functionality for refund of Input Tax Credit of inputs/input services attributed to export of Goods & Services is now available on the GST Portal.
Amended Late fee amount gets active on GST portal
Recently the GST late fee amount was amended by GST council, but taxpayers were facing the issue of the same old late fee structure, as the required technical amendments were…
There might be GST rate cut on white goods making refrigerators, washing machines cheaper
After a reduction in GST rate on 178 items, another round of GST rate cut is being expected to lower the burden on White goods such as refrigerators and washing…
Establishment of National Anti-profiteering Authority under GST
Cabinet approves the establishment of the National Anti-profiteering Authority under GST PIB- (Release ID :173564) : The Union Cabinet chaired by the Prime Minister Narendra Modi has given its approval for…
Recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017
Press release has been made regarding the recommendations made by the GST Council in the 23rd meeting at Guwahati on 10th November, 2017. Read the press release below. TaxGrid…
Penalty amount reduced and Form GSTR 3B to filed till March 2018 and other compliance related decisions
GSTR3B has to be now filed till March 2018. Previously it was notified that Form GSTR3B has to be filed till December, 2017, but now the time period for furnishing…
Threshold for Composition Scheme hiked to Rs 2 Crore and tax rate uniformed to 1 percent
GST Council decides to raise composition scheme threshold to Rs 2 crore. Currently, the threshold has been hiked to Rs Crore with the highest possible threshold amount being capped at…