Goods and Service Tax

For information regarding GST,please refer here

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Reading Time: 2 minutes Real estate sector is one of the largest contributors to the national GDP and provides employment opportunity to large numbers of people. “Housing for All by 2022” envisions that every citizen would have a house and the urban areas would be free of slums. There are reports of slowdown in the sector and low off-take
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GST Revenue Collections

Reading Time: 2 minutes GST Revenue Collections, The total gross GST revenue collected in the month of January 2019 is Rs 1,02,503 crore of which CGST is Rs 17,763crore, SGST is Rs 24,826 crore, IGST is Rs 51,225 crore (including Rs24,065crore collected on imports) and Cess is Rs 8,690 crore (including Rs 902crore collected on imports). In FY 2018-2019, it is for the third time that GST Revenue collection has crossed One Lakh Crore. The total number of
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GSTR-8 | CBIC extends Due Date for filing

Reading Time: 2 minutes GSTR-8, The Central Board of Indirect Taxes & Customs ( CBIC ) vide its order No. 02/2019-Central Tax dated February 01, 2019 has extended the due date for furnishing return in Form GSTR-8 to February 07, 2019 as the E-commerce operator were unable to obtain registration because of technical issues being faced by them on the common portal but they collected the amount for
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FORM GST TRAN-1

Reading Time: 2 minutes FORM GST TRAN-1, The Central Board of Indirect taxes & Customs ( CBIC ) vide its Order No. 01/2019-GST dated January 31, 2019, extends the time limit for submitting the declaration in FORM GST TRAN-1 till March 31, 2019, for the class of registered persons who could not submit the said declaration by the due date on account of technical difficulties on
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GSTAT

Reading Time: 2 minutes GSTAT, Cabinet approves the creation of the National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the creation of National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT). The National Bench of the Appellate Tribunal shall be situated
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GST Council Meet

Reading Time: 2 minutes GST Council Meet, The GST Council has made the following Recommendations in 32nd GST Council Meet. The GST Council in its 32nd Meeting held today under the Chairmanship of the Union Minister of Finance & Corporate Affairs, Shri Arun Jaitley took various decisions including giving the approval to increase in the turnover limit for the existing
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Recommendations of 32nd GST Council Meet

Reading Time: 1 minute Recommendations of 32nd GST Council Meet, The GST Council has released a press note on Recommendations made during 32nd Meeting of the GST Council held on 10th January 2019. The GST Council in its 32nd meeting held today at New Delhi gave approval for the following: Recommendations of 32nd GST Council Meet a. Changes made
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Reading Time: 3 minutes Improvements in e-way bill generation, the CBIC has proposed the below mention improvements in the eway bill generation which are being released on 16 November 2018 1. Checking of duplicate generation of e-way bills based on same invoice number The e-way bill system is enabled not to allow the consignor/supplier to generate the duplicate e-way
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Reading Time: 2 minutes No let-up in sanction of GST Refunds There are concerns being raised about growing pendency of GST Refunds. Exporters arereassured that there is no le-tup in the sanction of GST refunds. The disposal rate is consistently improving month-on-month. As on 31st October, 2018, total GST refunds to the tune of Rs 82,775 crore have been
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