- 10 Jun 2022 05:10 PM
- New
GST Council Newsletter for the month of May, 2022
Source: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-month-may-2022.html
GST collection crosses Rs.1.40 lakh crore mark 4th time since inception of GST; 3rd month at a stretch since March, 2022 The gross GST revenue collected in the month of May, 2022 is Rs.1,40,885 crore of which CGST is Rs. 25,036 crore, SGST is Rs.32,001 crore, IGST is Rs.73,345 crore (including Rs. 37469 crore collected on import of goods) and cess is Rs. 10,502 crore (including Rs. 931 crore collected on import of goods).
Read More
- 09 Jun 2022 04:20 PM
- New
GST Council may bring rate on li-ion cells on par with EVs
NEW DELHI : India may cut the goods and services tax on lithium-ion batteries and bring them on a par with taxes on electric vehicles to give a fillip to its green mobility plans.
Read More
- 09 Jun 2022 06:05 PM
- New
Indian economy likely to be $20 trillion by 2040: Chief Economic Advisor
CEA V Anantha Nageswaran said that the structural reforms of Prime Minister Narendra Modi government, such as GST and the IBC will manifest their advantages and potential in the coming decade
Read More
- 09 Jun 2022 06:26 PM
CAs authorised to Appear before GST Authorities- Gorakhpur Commissioner clarifies
On meeting with DM and Commissioner by the Chartered Accountants of Gorakhpur, Finally Clarification issued by the GST Addl Commissioner of Gorakhpur that CAs are authorised to Appear before GST Authorities.
Read More
- 08 Jun 2022 12:22 PM
Income from property rented out: GST AAR makes an important ruling
In an advance ruling under GST, the Maharashtra AAR has ruled that the amount received under lease rental services for residential purposes will be outside the ambit of GST.
Read More
- 08 Jun 2022 05:55 PM
Sitharaman says India’s fundamentals sound because of steps taken by govt
Finance minister Nirmala Sitharaman on Wednesday said India’s fundamentals are sound due to several steps taken by the government such as reducing corporate tax, ensuring that the economy is greatly digitized and bringing in the Goods and Service Tax (GST) and bankruptcy code.
Read More
- 07 Jun 2022 01:54 PM
New Functionalities for Taxpayers on GST Portal (May, 2022)
Source: https://taxguru.in/goods-and-service-tax/functionalities-taxpayers-gst-portal-may-2022.html
To establish correctness of the bank account and to verify whether it matches with the PAN of the business, validation of the bank account details provided at the time of GST Registration/ Creation of Temp ID by the taxpayers is being done with CBDT database.
Read More
- 06 Jun 2022 01:47 PM
GST E-Invoice System User Manual for Tax Payers
Source: https://taxguru.in/goods-and-service-tax/gst-e-invoice-system-user-manual-tax-payers.html
The GST Council has approved introduction of ‘E-invoicing’ or ‘electronic invoicing’ in a phased manner for reporting of business to business (B2B) invoices to GST System.
Read More
- 06 Jun 2022 02:06 PM
e-Invoice services not available for GST taxpayers of Few States today
Source: https://taxguru.in/goods-and-service-tax/e-invoice-services-gst-taxpayers-states-today.html
There is a maintenance work being scheduled on the e-Invoice System on 5th June 2022 between 9pm and 10pm. During this interval, the e-Invoice services will not be available for the GST taxpayers of the following states ONLY.
Read More
- 06 Jun 2022 02:15 PM
GST collections consistently crossing ₹1 lakh crore every month: PM Modi
NEW DELHI: Prime Minister Narendra Modi on Monday said goods and services tax (GST) has replaced the web of many taxes at the Centre and state level and the GST collections are crossing one lakh crore rupees every month.
Read More