Category Archives: GST

Standard Operating Procedure (SOP) for verification of taxpayers granted deemed registration Instruction No. 4/3/2020-GST CBEC-20/13/06/2020-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing **** New Delhi, Dated the, 27th November, 2020 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) The… Read More »

Ministry of Finance Three persons arrested by the Mumbai Zonal Unit of DG, GST Intelligence for having indulged in massive frauds involving GST amounting to more than Rs 2350 crores Posted On: 25 NOV 2020 The Mumbai Zonal Unit of the Directorate General of GST Intelligence, [DGGI-MZU], Central Board of Indirect Taxes & Customs (CBIC),… Read More »

GST Ready Reckoner Nov 2020 14th Edition by Taxmann I CA Satbir Singh Buy Online Click here  Item Weight : 1 kg 260 g Paperback : 1136 pages ISBN-10 : 9390128293 ISBN-13 : 978-9390128297 Dimensions : 20 x 14 x 4 cm Publisher : Taxmann Publications Pvt. Ltd.; Revised & Reprint 14th Edition 2020 (2 November 2020)

  Session for taxpayers on e-invoicing and IRN generation 24/11/2020 From 1-1-2021, Government has mandated e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr. (in any preceding financial year from 2017-18 onwards). For more details, please CLICK HERE. In this regard, GSTN is holding a webinar as below. The taxpayers are requested to join… Read More »

Ministry of Finance Two more States – Kerala and West Bengal choose Option-1 to meet the GST implementation shortfall • 25 States and all Union Territories with Legislative Assembly have favoured Option-I • Kerala and West Bengal will get Rs. 10,197 crore through special borrowing window to meet the GST implementation shortfall. • Permission to… Read More »

The law committee of the GST Council has proposed several changes to tighten registration through an Aadhaar-type mechanism and keep a tighter vigil on suspected wrongdoers as it seeks to check the menace of fake invoices . Although the idea is to ensure that businesses do not face difficulties, the registration process could take up to 60… Read More »

Ministry of Finance One more arrested in Hisar for issuing fake invoices of ITC by DGGI Rohtak Posted On: 24 NOV 2020 In pursuance of ongoing investigation of fraudulent passing of Input Tax Credit (ITC)wherein one person namely Sh. Satender Kumar Singla of Hisar was arrested on 12.11.2020,the Directorate General of GST Intelligence (DGGI), Regional… Read More »

Salient features of Quarterly Return filing & Monthly Payment of Taxes (QRMP) Scheme 20/11/2020 Who can opt for the scheme: Following registered person (hereinafter RP) can file quarterly returns and pay tax on monthly basis w.e.f. 01.01.2021 : An RP who is required to file Form GSTR 3B with AATO of up to Rs 5 Cr.… Read More »

Ministry of Finance Arrest of a prominent Builder in a case of availment of fraudulent Input Tax Credit of Rs. 4.86 Crore on fake invoices Posted On: 19 NOV 2020 Mumbai/Nagur, November 19, 2020 The officials of DGGI, Nashik Regional Unit of DGGI, Nagpur Zonal Unit arrested a prominent builder of Nashik in an ongoing investigation… Read More »