News

CBIC releases User Manual for e-Way Bill system; Prescribes best practices to overcome mistakes
CBIC releases User Manual for E-Way Bill System inter alia explaining the operational procedure on how to use such web.....

Rs. 17,616 Cr total GST refunds issued; Rs. 7.17 lakh Cr collection during Aug-Mar; 2.59 lakh E-way Bills on Day-1
Rs. 17,616 Cr total GST refunds issued; Rs. 7.17 lakh Cr collection during Aug-Mar; 2.59 lakh E-way Bills on Day-1.....

February GST collections around Rs. 90k Cr by March-end; 2.89 lakh E-way Bills generated on Day 2
Finance Secretary Hasmukh Adhia says that February GST collections (done in March) stand at Rs. 89,264 Cr while IGST refunds.....

No E-way Bill on goods moved within Union Territories, notifies Finance Ministry
Finance Ministry notifies no E-way bill on movement of goods within Union Territories viz. Andaman & Nicobar Islands, Chandigarh, Dadra.....

Inter-state E-way Bills from April 1; 50+ FAQs answered by GSTN
E-way Bill mandatory for inter-state movement of goods from Sunday, i.e. April 1; GSTN answers over 50 FAQs on E-way.....

No E-way Bill on intra-state movement in Gujarat, Rajasthan, Maharashtra & Himachal Pradesh from April 1
Rajasthan, Gujarat, Maharashtra & Himachal Pradesh Govts. notify exemption from E-way Bill on intra-state movement of goods w.e.f. April 1.....

CBEC extends Form GST TRAN-2 deadline till June 30
CBEC extends period for furnishing statement in Form GST TRAN-2 under Rule 117(4)(b)(iii) of CGST Rules till June 30 :.....

CBEC notifies deadlines for monthly & quarterly GSTR-1, extends GSTR-6 & notified agency refunds time-limit
CBEC notifies due date for quarterly furnishing of Form GSTR-1 by those taxpayers with aggregate turnover of upto Rs. 1.5.....

Rs. 39,893 Cr released as GST Compensation to States from July to February, says Finmin
Minister of State for Finance Shri. Rajiv Pratap Shukla presents the figures of GST compensation paid to States / Union.....

Eye Share : Amortization of tool cost in GST regime - To Do or Not to do
While the dust around the issue of amortization of tooling cost in the valuation of manufactured goods had been settled.....

Finmin sees dip in February GST collections, musters up Rs. 85,174 Cr; 69% returns filed
Govt. collects Rs. 85,174 crore GST revenue in February 2018 (upto March 26); Out of total revenue, Rs. 14,945 crore.....

Taxsutra & Thomson Reuters 'GST Summit 2018' : Former CBEC Chairman, legal luminaries & seasoned professionals allay GST concerns
The old adage “When it rains, it pours” rings true for Taxsutra & Thomson Reuters’ Mumbai edition of ‘GST Summit 2018’ held.....

CBEC releases simplified Anti-profiteering application form
CBEC releases simplified application form for anti-profiteering complaints; Accordingly, affected consumers can file their grievance using Form APAF-1, which is.....

CBEC clarifies "job-work" procedures & compliances, ITC entitlement, place of supply & liabilities
CBEC issues Circular clarifying various aspects of job-work under GST; Circular touches upon – (a) scope and ambit of job-work,.....

Notice to Govt. over dealers' transitional credit woes; GST Council devising one-time facility for TRAN-1 & 2 submission
Notice to Govt. over dealers' transitional credit woes; GST Council devising one-time facility for TRAN-1 & 2 submission.....
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Copy of CGST Rules 2017 amended upto March 23
CBEC releases the copy of Central Goods & Services Tax Rules 2017 as updated upto March 23, 2018.....

GST collections increase in January to Rs. 88,929 Cr; 75.38% taxpayers filed returns till March 18
Ministry of Finance shares month-wise consolidated figures of GST collections since July 1, 2017; Sees an increase in collections in.....

Govt. notifies Form GSTR-3B deadlines for April-June; Defers reverse charge till June 30
Govt. notifies due dates for filing of Form GSTR-3B and discharge of tax liability for the months of April to.....

GSTN issues advisory for change in taxpayer type from 'SEZ' to 'regular' & vice versa
GSTN issues advisory for change in taxpayer type from SEZ to Regular or Regular to SEZ; Accordingly, (i) migrated taxpayers.....

After UP State incentives, Rajasthan tax sops entitlement post GST under HC's purview
Multiplex owner moves Rajasthan HC challenging curtailment of tax sops under Rajasthan Investment Promotion Scheme 2014, after introduction of GST.....