Recently Finance Ministry published Gross GST revenue collection for the month of March 2022 on PIB, where ministry is excited about to share all time high gross GST revenue collection which is Rs 1,42,095 crores which consists of Rs 25,830 crores of CGST, Rs 32,378 crores of SGST, Rs 74,470 crores of IGST (including ₹ 39,131 crore collected on import of goods) and cess of Rs 9,417 crores (it includes Rs 981 crores collected on …
Government of India releases balance amount of ₹ 44,000 crore to States and UTs (with Legislature) under the back-to-back loan facility in-lieu of GST compensation
The blocking of E way bill generation facility had been temporarily suspended by Government on account of COVID pandemic. In terms of Rule 138 E (a) and (b) of the CGST Rules, 2017, the E Way Bill generation facility of a person is liable to be restricted, in case the person fails to file their return in Form GSTR-3B / statement in CMP-08, for consecutive two tax periods or more, whether Monthly or Quarterly. …
GSTN team introduces recently a self-service functionality on GST portal for taxpayers to fetch missing Bill of Entry details from ICEGATE if these details are non-auto populated in their FORM GSTR-2A.
Government on Thursday i.e. 26th August, 2021, issued an advisory on HSN and GSTR- 1 filing upon receiving representation from various taxpayers that HSN used by them for reporting in GSTR- 1 is not available in table 12 HSN drop-down. They have further stated that they are facing issues in adding the required HSN details in table -12 and filing of statement of outward supplies in form GSTR-1 of July 2021. Further, in some JSON …
Extension of closing date of late fee amnesty scheme and time limit for filing of application for revocation of cancellation of registration under GST Act