- 19 May 2022 06:07 PM
- New
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
- New
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
- New
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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- 18 May 2022 07:06 PM
Group of Ministers agree to levy 28% GST on casino, race course and online gaming
The Group of Ministers (GoM) has agreed to recommend hiking the GST rate on casino, race course and online gaming services to 28 per cent.
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- 16 May 2022 06:47 PM
Maharashtra, UP top in GST registrations
Source: https://www.livemint.com/news/india/maharashtra-up-top-in-gst-registrations-11652625287515.html
NEW DELHI : Maharashtra and Uttar Pradesh have topped in Goods and Services Tax (GST) registrations by businesses and dealers followed by Gujarat and Tamil Nadu, reflecting that economic prowess of these states.
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- 14 May 2022 06:25 PM
Delhi records highest ever GST collection of over ₹2,800 cr in April
National capital Delhi has registered a record GST collection of ₹2,898 crore in April 2022. It is Delhi's highest-ever SGST collection for April. The record GST collection is also a sound indicator of the national capital's economy recovering fast after the devastation caused by the three waves of the Covid pandemic.
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