- 20 May 2022 03:08 PM
- New
SC says GST Council decisions not binding on Centre and states
NEW DELHI : The recommendations of the Goods and Services Tax (GST) Council are not binding on either the Union government or the states, the Supreme Court ruled on Thursday, rejecting the Centre’s argument that the entire structure of GST would crumble if the Council’s mandates are not treated as enforceable.
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- 20 May 2022 03:44 PM
- New
Fraudulent ITC availment of 160 crore- DGGI Gurugram arrests one person
DGGI Gurugram arrests one person for fraudulently availing ITC of more than 160 crore through a network of 10 fake firms
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- 19 May 2022 05:40 PM
- New
One arrested for running tax credit racket
Source: https://www.livemint.com/news/india/one-arrested-for-running-tax-credit-racket-11652957760289.html
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NEW DELHI: The Directorate General of GST Intelligence (DGGI) has detected a case of input tax credit irregularity of more than ₹160 crore involving a network of non-existent and fake firms, the finance ministry said on Thursday.
- 19 May 2022 06:07 PM
Centre, states have equal authority to legislate on GST: Supreme Court
The Supreme Court said on May 19 that the GST council's recommendations were not binding on the Union and states. However, they do have a persuasive value because of the country's cooperative federal structure. A bench of Justices DY Chandrachud, Surya Kant, and Vikram Nath also stated that the Centre and states had concurrent rights to legislate on GST, but that the council must work together to reach an acceptable solution. According to Article 246A, both Parliament and the state legislatures have equal authority to legislate on taxation issues.
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- 19 May 2022 06:40 PM
SC rules GST Council's recommendations are not binding on Centre and states
In a significant verdict, the Supreme Court today ruled that recommendations of the GST Council isn't binding on Centre and States. It only has a persuasive value
A bench led by Justice DY Chandrachud held that the Central government and States have simultaneous powers to legislate on Goods and Service Tax (GST).
- 18 May 2022 12:12 PM
CBIC gives extra time to file GST returns for April
NEW DELHI : The Central Board of Indirect Taxes and Customs (CBIC) on Tuesday said that the due date for filing form GST return-3B for the month of April 2022 has been extended till 24 May.
The due date for filing GST return-3B for every month is the 20th of the next month for businesses with sales more than ₹five crores. Accordingly, April returns were to be filed by 20 May and the tax authority’s order gives them extra time.
- 18 May 2022 12:23 PM
CBIC considering extending date for filing GSTR 3B due to technical glitch
The Central Board of Indirect Taxes and Customs (CBIC) is considering a proposal to extension to the due date for filing of GSTR 3B on account of technical glitch faced by the taxpayers in filing their return for the month of April.
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- 18 May 2022 12:43 PM
Govt may extend due date of filing GSTR-3B for April 2022
Source: https://taxguru.in/goods-and-service-tax/govt-extend-due-date-filing-gstr-3b-april-2022.html
A technical glitch has been reported by Infosys in generation of April 2022 GSTR-2B & auto-population of GSTR-3B on portal. Infosys has been directed by Govt for early resolution. Technical team is working to provide GSTR-2B & correct auto-populated GSTR-3B at the earliest.
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- 18 May 2022 06:58 PM
GSTR2B is now available for April 2022
Source: https://taxguru.in/goods-and-service-tax/gstr2b-april-2022.html
It may be noted that, the Input Tax Credit (ITC) gets auto populated in GSTR3B from GSTR2B only if the taxpayer has not saved any data in GSTR3B for that tax period.
2. The auto population of ITC in GSTR3B will not happen for those taxpayers who have already saved data in GSTR3B. In such cases, the taxpayer has to input the ITC data in Table 4 of GSTR 38
- 18 May 2022 07:04 PM
Online gaming, casino, horse racing to soon attract 28% GST
18 May seems to be a D-Day for the online gaming sector as the Group of Ministers (GoM), chaired by Meghalaya chief minister Conrad Sangma, has unanimously decided to impose 28% Goods and Services Tax (GST) on casino, race course and online gaming services.
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