GST News

RFID/FasTag will search vehicles without E-Way Bill - GST NEWS

2021-04-18T07:11:00.003-07:00

RFID/FasTag will search vehicles without E-Way Bill - GST NEWS

January 1, 2021, the government has built-in RFID/FasTag with the e-way invoice device and a transporter is required to have a RFID tag in his automobile and important points of the e-way consignment generated for items being carried via the automobile is uploaded into the RFID.

When the vehicle passes the RFID Tag reader on the highway, the important points fed into the system receives uploaded on the authorities portal. The facts is later used via the income officers to validate the substances made by means of a GST-registered person.

The government is working on a gadget to quickly supply document to GST officers on a real-time basis for these automobiles which are transferring except e-way bills, to assist intercept caught vehicle at toll plazas and take a look at GST evasion.

The tax officers would additionally be furnished evaluation reviews on figuring out e-way consignment EWB with no motion of items as it would assist officers figuring out instances of round trading. It would additionally supply reviews on recycling of e-way payments for tax evasion susceptible commodities to assist officers in figuring out tax evaders.

The authorities is now working on a 'Real-time and Analysis Reports on RFID' for GST officers to assist them nab tax evaders who are misusing the e-way invoice system.

In a file on 'E-way Bill - A experience of three years', the authorities stated a hundred and eighty crore e-way payments have been generated in three years until March 2021. Of this, solely 7 crore payments have been established through tax officers.

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GST web-site missing on Google - Gst News

2021-02-16T09:43:00.004-08:00

GST web-site missing on Google - Gst News

Today many people searching the GST web site on Google, but site not found it. you have also try to find the GST website on google ?

Follow the steps:

Type the www.google.com on web address and then enter: -

Type on the search result

1. gst.gov.in, you have see the result

2. Gst Login, you have see the result

3. gst.gov.in registration, you have see the result

and many more keywords search on google regarding gst web site, but you shall not found the gst web-site.

You have last option to reach the GST web-site, type the www.gst.gov.in on address bar and then enter.

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FAQs on QRMP Scheme - GST NEWS

2021-02-14T05:23:00.000-08:00

1. What is Quarterly Returns with Monthly Payment (QRMP) Scheme?

Quarterly Returns with Monthly Payment (QRMP) Scheme is for eligible taxpayers to file their Form GSTR-1 and Form GSTR3B returns on quarterly basis, while paying their tax dues on monthly basis through a challan.

2. Who all are eligible for the QRMP scheme?

All taxpayers whose aggregate annual turnover (PAN based) is up to ₹ 5 Crore in the current financial year and the preceding financial year (if applicable) and have already filed their last due Form GSTR-3B return, are eligible for the QRMP scheme.

If your aggregate turnover (PAN based) for FY 2019-20 and current Financial year is up to ₹ 5 Crore and you have filed your FORM GSTR-3B for the month of October 2020 (let’s say at least) by 30th November 2020, you will be assigned to QRMP scheme, by the GST system.

For example: A taxpayer’s whose Annual aggregate turnover (AATO) was less than/ up to ₹ 5 Crore in preceding FY and has filed Form GSTR-3B for the period June 2021 (let’s say at least) by last day of the first month of the next quarter ie by 31st July, 2021.

3. Is the QRMP scheme available to every taxpayer?

No, the QRMP scheme is not available to every taxpayer.

The QRMP scheme can be availed only by those taxpayers who are liable to file Form GSTR-1 and Form GSTR-3B returns and can be opted by:

• Registered taxpayer (Normal taxpayer, SEZ Developer, SEZ unit)

• Taxpayers who have opted out of composition scheme

• Persons applying for a fresh registration as Normal taxpayer

Note: The scheme is not available for taxpayers whose Annual aggregate turnover (AATO) is more than ₹ 5 Crores.

4. What are the pre-conditions for opting for QRMP scheme for a taxpayer?

Following pre-conditions must be fulfilled by a taxpayer to opt for QRMP scheme:

• Taxpayer must be registered as a regular taxpayer or opted out of composition scheme

• Taxpayer must have a valid User ID and password

• The Annual aggregate turnover (AATO) in current and preceding FY (if applicable) is up to ₹ 5 Cr.

• The Form GSTR-3B return for most recent tax period has been filed.

• There is no data saved on the portal in Form GSTR-1 for the applicable period (i.e. period for which you are opting for QRMP scheme).

Invoice Furnishing Facility (IFF)

5. What is IFF?

IFF stands for Invoice Furnishing Facility for taxpayers who have opted for QRMP scheme to declare outward supplies to a registered person for first two months of any quarter. It is an optional facility. The facility will be similar to Form GSTR-1. It allows filing for only B2B invoices, credit notes, debit notes etc. Last date of filing IFF for a month is the 13th of the next month. This will allow recipient taxpayers to take credit of these invoices in the same month, if reported in IFF, by the supplier taxpayer under QRMP scheme.

Opting for QRMP Scheme

6. Presently, I am filing Form GSTR-1 at quarterly frequency and Form GSTR-3B at monthly frequency, will I be able to opt out of the QRMP scheme?

Please note that from the quarter January – March 2021 onwards, you will be assigned to QRMP scheme by the GST System. You can choose to opt out from the QRMP scheme and if so, you would need to file both Form GSTR-1 and Form GSTR-3B on Monthly frequency.

However, you may continue to remain in the QRMP scheme and file both Form GSTR-1 and Form GSTR-3B at quarterly frequency.

7. From where can I opt in or opt out from the QRMP scheme?

Login to the GST portal using your valid credentials and then navigate to Services > Returns > Opt-in for Quarterly Return option to opt in or opt out of the QRMP scheme.

8. Can I avail the QRMP scheme at any point of time during a financial year?

You can opt in or opt out of the QRMP scheme as per the timelines mentioned in the table below:

9. Can a GST Practitioner opt in/ opt out of the QRMP scheme on behalf of taxpayer?

No, a GST practitioner cannot opt in/ opt out of the QRMP scheme on the behalf of taxpayer. A GST Practitioner can only view details.

10. I have multiple GSTINs on the same PAN in same/different States. Can I opt in for the QRMP scheme for some specific GSTINs only?

Yes, you may opt for the QRMP Scheme for certain GSTINs and remain out of the scheme for remaining GSTINs, registered on a common PAN.

Migration of Existing taxpayers to QRMP Scheme

11. Before commencement of QRMP scheme, will the GST system assign the existing taxpayers to this scheme?

Yes, for the Quarter Jan to Mar 2021, all the registered taxpayers whose Annual Aggregate Turnover (AATO) in the FY 2019-20 was up to ₹ 5 Crore and has not exceeded ₹ 5 Crore turnover in current FY i.e. 2020-21 and have furnished there return in Form GSTR-3B for the month of October 2020 by 30th November 2020, will be assigned to QRMP scheme by the GST system.

12. What are the rules based on Annual Aggregate Turnover (AATO) by which the existing taxpayers will be assigned to QRMP Scheme by the GST system?

The existing taxpayers will be migrated to the QRMP scheme, based on the following criteria of annual aggregate turnover.

Note: In case your return in Form GSTR-3B for the month of Oct. 2020 is not filed by 30th November 2020, GST Portal will migrate your profile to Monthly Return filing option.

Changing Profile After Opting for QRMP Scheme

13. Can I change and save my profile for two consecutive quarters in a year?

No, you cannot take actions for two consecutive quarters simultaneously on the GST Portal. At any given point of time, you can opt in/ opt out for a single quarter only.

Note: The option selected in the current quarter will continue to be the option for the subsequent quarters also.

14. I have saved Form GSTR-1 for this quarter but filing of Form GSTR-3B return is pending. Can I opt for the scheme now?

No, you cannot opt for the QRMP scheme, if you have saved any details in Form GSTR-1 for that particular quarter. You can delete the saved records in Form GSTR-1 and then choose to opt into the scheme.

15. As part of transition to the scheme, my GSTIN was migrated to the QRMP scheme for the Quarter Jan-Mar 2021. Do I need to again opt for the scheme for next quarter(s)?

No, once you have opted for QRMP scheme or have been assigned to QRMP scheme by the GST system, the same will continue for subsequent quarters (unless you want to opt out of the scheme or in case the aggregate turnover for current FY exceeds ₹ 5 Crore during a quarter).

16. I have opted for the QRMP scheme. Will I now be required to file both Form GSTR1 and Form GSTR-3B on quarterly frequency?

Yes, if you opt for QRMP scheme, both Form GSTR-1 and Form GSTR-3B will be required to be filed at quarterly frequency. However, Payment needs to be made every month, for tax dues on monthly basis through a challan.

17. I am a new registered taxpayer; will I be able to opt for the QRMP scheme?

Yes, new registered taxpayer whose AATO is up to ₹ 5 Crores can opt for the QRMP scheme based on the following conditions:

1. The registration is granted on any date during the first month of a quarter will be able to opt for QRMP scheme from the beginning itself.

For example, a person granted registration upto 31st January, 2021, will be able to opt for QRMP Scheme from the quarter Jan-Mar, 2021 itself by 31st January, 2021.

2. If, however, the registration is granted on any of the dates during latter 02 months of a quarter, they will be able to opt for QRMP scheme only from next quarter onwards.

For example, a person granted registration on or after 1st February, 2021, will be able to opt for QRMP Scheme only from Quarter Apr-June, 2021 onwards and will have to file Form GSTR-1 and Form GSTR-3B returns monthly, for the months of February and March, 2021.

18. Whether it is required to exercise the option every quarter / year?

No, registered persons are not required to exercise the option every quarter. Where such option has been exercised once, they will continue to furnish the return as per the selected option for future tax periods, unless they revise the said option or their AATO exceeds ₹ 5 Crore.

19. If a tax payer has opted for QRMP scheme and his AATO exceeds ₹ 5 Crores, then will the scheme be valid?

No, in case the AATO of a taxpayer exceeds the limit of ₹ 5 Crores, the tax payer will not be eligible for the QRMP scheme.

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Government may impose 18% GST Tax on Bitcoin - GST NEWS

2021-01-07T04:33:00.007-08:00

Government may impose 18% GST Tax on Bitcoin - GST NEWS

In December, the price of a Bitcoin was Rs. 15 lakh. At the same time, by January, the price of a bitcoin has become Rs. 27 lakh 48 thousand.

The government is preparing to impose GST tax soon to monitor the virtual currency bitcoin. The major reason behind this is being told about the rise in the price of bitcoin in the last few days. Let me tell you that in the last 30 days, the price of a bitcoin has increased by more than 12 lakh rupees. Last December, the price of a bitcoin was Rs. 15 lakh. At the same time, by January, the price of a bitcoin has become Rs. 27 lakh 48 thousand. In such a situation, the government is preparing to impose GST to keep an eye on the virtual currency. For this, the proposal has been sent by the Central Economic Intelligence Bureau (CEIB) and the Directorate of Revenue Intelligence.

RBI has become cautious - RBI has become cautious in view of the rapid rise in digital currency. Let me tell you, no one has control over the fluctuations of this currency nor any government of the world controls its trading. In such a situation, the government can impose GST on it to monitor it. According to media reports, Central Indirect Tax Board (CBIC) can impose 18 or 28% GST tax on bitcoin. Which will have to be paid every time its trading. After this, if someone sells bitcoin, he will also have to pay income tax on the profits made on it.

10 thousand crore rupees will be taxed by bitcoin - A senior official of Central GST said that the intelligence agencies have prepared a detailed report in this regard, saying that bitcoin alone can generate a GST of 10 thousand crore rupees. Let me tell you, the restriction on trading of bitcoin remains a big challenge. In such a situation, there is a risk of impacting currencies like rupee, dollar or pound.

What is cryptocurrency?

Explain that cryptocurrency is a digital currency, which is based on blockchain technology. The currency writing technique is used in this currency. Through this technique, the transaction of currency is completely audited, due to which it is very difficult to hack. This is the reason that the possibility of fraud in cryptocurrency is very less. The operation of cryptocurrency is independent of the central bank, which is its biggest drawback.

Know how to trade bitcoin?

Bitcoin trading is done through digital wallet. The price of bitcoin remains the same all over the world. That's why its trading became famous. The price of bitcoin keeps on decreasing according to the activities of the world. No country determines it, rather it is a currency to be digitally controlled currency. There is no set time for bitcoin trading. Its price fluctuations are also very fast.

In India you can trade on bitcoin, most popular app ZebPay

- http://link.zebpay.com/ref/REF49251723

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Extension of time limits for ITR AND GST Annual Return F.Y 2019-20 - GST NEWS

2020-12-30T22:27:00.001-08:00

Extension of time limits for ITR AND GST Annual Return F.Y 2019-20 - GST NEWS

Government of India

Ministry of Finance

Department of Revenue

New Delhi 30.th December, 2020

PRESS RELEASE

Extension of time limits

In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, the Government brought the Taxation and Other

Laws (Relaxation of Certain Provisions) Ordinance, 2020 (‘the Ordinance’) on 31st March, 2020 which, inter alia, extended various time limits. The Ordinance has since been replaced by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act.

2. The Government issued a Notification on 24th June, 2020 under the Ordinance which, inter alia, extended the due date for all Income Tax Returns for the FY 2019-20 (AY 2020-21) to 30th November, 2020. Hence, the returns of income which were required to be filed by 31st July, 2020 and 31st October, 2020 were required to be filed by 30th November, 2020. Consequently, the date for furnishing various audit reports including tax audit report under the Income-tax Act, 1961 (the Act) was also extended to 31st October, 2020.

3. In order to provide more time to taxpayers for furnishing of Income Tax Returns, the due date was further extended vide notification No 88/2020/F. No. 370142/35/2020-TPL dated 29th October, 2020:

(A) The due date for furnishing of Income Tax Returns for the taxpayers (including their partners) who are required to get their accounts audited [for whom the due date (i.e. before the said extension) as per the Act was 31st October, 2020] was extended to 31st January,2021.

(B) The due date for furnishing of Income Tax Returns for the taxpayers who are required to furnish report in respect of international/specified domestic transactions [for whom the due date (i.e. before the said extension) as per the Act was 30th November, 2020] was extended to 31st January, 2021.

(C) The due date for furnishing of Income Tax Returns for the other taxpayers [for whom the due date (i.e. before the said extension) as per the Act was 31st July, 2020] was extended to 31st December, 2020.

(D) Consequently, the date for furnishing of various audit reports under the Act including tax audit report and report in respect of international/specified domestic transaction was also extended to 31st December, 2020.

4. Considering the problems being faced by the taxpayers, it has been decided to provide further time to the taxpayers for furnishing of Income Tax Returns, tax audit reports and declaration under Vivad Se Vishwas Scheme. Further, in order to provide more time to taxpayers to comply under various ongoing proceedings, the dates of completion of proceedings under various Direct Taxes & Benami Acts have also been extended. These extensions are as under:

a. The due date for furnishing of Income Tax Returns for the Assessment Year 2020-21 for the taxpayers (including their partners) who are required to get their accounts audited and companies [for whom the due date, as per the provisions of section 139(1) of the Income-tax Act,1961, was 31st October, 2020 and which was extended to 30th November, 2020 and then to 31st January, 2021] has been further extended to 15th February, 2021.

b. The due date for furnishing of Income Tax Returns for the Assessment Year 2020-21 for the taxpayers who are required to furnish report in respect of international/specified domestic transactions [for whom the due date, as per the provisions of section 139(1) of the Income tax Act,1961, was 30th November, 2020 and which was extended to 31st January, 2021] has been further extended to 15th February, 2021.

c. The due date for furnishing of Income Tax Returns for the Assessment Year 2020-21 for the other taxpayers [for whom the due date, as per the provisions of section 139(1) of the Income tax Act, 1961, was 31st July, 2020 and which was extended to 30th November, 2020 and then to 31st December, 2020] has been further extended to 10th January, 2021.

d. The date for furnishing of various audit reports under the Act including tax audit report and report in respect of international/specified domestic transaction for the Assessment Year 2020-21 has been further extended to 15th January, 2021.

e. The last date for making a declaration under Vivad Se Vishwas Scheme has been extended to 31st January, 2021 from 31st December, 2020.

f. The date for passing of orders under Vivad Se Vishwas Scheme, which are required to be passed by 30th January, 2021 has been extended to 31st January, 2021.

g. The date for passing of order or issuance of notice by the authorities under the Direct Taxes & Benami Acts which are required to be passed/ issued/ made by 30th March, 2021 has also been extended to 31st March, 2021.

5. Further, in order to provide relief for the third time to small and middle class taxpayers in the matter of payment of self-assessment tax, the due date for payment of self-assessment tax date is hereby again being extended. Accordingly, the due date for payment of self-assessment tax for taxpayers whose self-assessment tax liability is up to Rs. 1 lakh has been extended to 15th February, 2021 for the taxpayers mentioned in para 4(a) and para 4(b) and to 10th January, 2021 for the taxpayers mentioned in para 4(c).

6. The Government has also extended the due date of furnishing of annual return under section 44 of the Central Goods and Services Tax Act, 2017 for the financial year 2019-20 from 31st December, 2020 to 28th February, 2021.

7. The necessary notifications in this regard shall be issued in due course.

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FILING GST ANNUAL RETURN (GSTR9 & 9C) Extended Till 28 Feb 2021 - GST NEWS

2020-12-30T21:53:00.002-08:00

FILING GST ANNUAL RETURN (GSTR9 & 9C) Extended Till 28 Feb 2021 - GST NEWS

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)]

Government of India

Ministry of Finance

(Department of Revenue)

Central Board of Indirect Taxes and Customs

Notification No. 95/2020 – Central Tax

New Delhi, the 30th December, 2020

G.S.R.....(E).– In exercise of the powers conferred by sub-section (1) of section 44 of the

Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification

referred to as the said Act), read with rule 80 of the Central Goods and Services Tax Rules,

2017 (hereafter in this notification referred to as the said rules), the Commissioner, on the

recommendations of the Council, hereby extends the time limit for furnishing of the annual

return specified under section 44 of the said Act read with rule 80 of the said rules,

electronically through the common portal, for the financial year 2019-20 till 28.02.2021.

[F. No. CBEC-20/06/13/2020-GST]

(Pramod Kumar)

Director, Government of India

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GSTR-9 of FY 2019-20 on GST Portal - GST NEWS

2020-12-12T06:57:00.005-08:00

GSTR-9 of FY 2019-20 on GST Portal - GST NEWS

Facility to file annual return in Form GSTR-9 for FY 2019-20 is now available in GST Portal. The Form is enabled for taxpayers whose table 8A computation has been completed. Computation of the table 8A of the said return for auto population from returns is under progress which is likely to be completed soon. Please ensure that all applicable returns of the said year have been filed before attempting to file the said return.

GSTR-9 is an annual return to be filed yearly by taxpayers registered under GST. It consists of details regarding the outward and inward supplies made/received during the relevant previous year under different tax heads i.e. CGST, SGST & IGST and HSN codes. Basically, it is a consolidation of all the monthly/quarterly returns filed in that year.

Though complex, this return helps in extensive reconciliation of data for Hundred percent transparent disclosures.

The late fees for not filing the GSTR 9 within the due date is Hundred rupee per day, per act. That means late fees of Hundred rupee under CGST & Hundred rupee under SGST will be applicable in case of delay. Thus, the total liability is Two Hundred rupees per day of default. This is subject to a maximum of 0.25 percent of the taxpayer’s turnover in the relevant state or union territory. However, there is no late fee on IGST yet.

It may be noted that filing of GSTR-9 & GSTR-9A for 2018-19 is optional for taxpayers who had aggregate turnover below Rs. 2 Crore. The filing of reconciliation Statement in FORM 9C for 2018-19 is also optional for the taxpayers having aggregate turnover upto Rs. 5

Crore.

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केंद्र ने 23 राज्यों, 3 केंद्र शासित प्रदेशों को GST मुआवजे के 6,000 करोड़ रुपये जारी किए - GST NEWS

2020-12-09T07:08:00.000-08:00

केंद्र ने 23 राज्यों, 3 केंद्र शासित प्रदेशों को GST मुआवजे के 6,000 करोड़ रुपये जारी किए - GST NEWS

केंद्रीय वित्त मंत्रालय ने माल और सेवा कर (GST) की कमी को पूरा करने के लिए 23 राज्यों और तीन केंद्र शासित प्रदेशों को साप्ताहिक किस्त के रूप में 6,000 करोड़ रुपये जारी किए हैं।

जबकि 5,516.60 करोड़ रुपये राज्यों को जारी किए गए हैं, 483.40 रुपये यूटी को दिए गए हैं। शेष पांच राज्यों - अरुणाचल प्रदेश, मणिपुर, मिजोरम, नागालैंड और सिक्किम-- में जीएसटी कार्यान्वयन के कारण राजस्व का अंतर नहीं है।

सभी राज्यों और तीन केंद्र शासित प्रदेशों ने अब इस विशेष खिड़की का विकल्प चुना है।

केंद्र इस खाते पर कुल मिलाकर 1.10 ट्रिलियन रुपये उधार लेगा। इस सप्ताह जारी राशि को 4.2 प्रतिशत ब्याज दर पर उधार लिया गया था। केंद्र ने अब तक 4.7 प्रतिशत की औसत ब्याज दर पर इस गणना पर 36,000 करोड़ रुपये उधार लिए हैं।

विशेष विंडो के अलावा, राज्यों को अपने संबंधित सकल राज्य घरेलू उत्पाद के 0.5 प्रतिशत तक के बाजारों से आगे उधार लेने की अनुमति भी दी गई थी। इस प्रावधान के तहत 28 राज्यों को 1.06 ट्रिलियन की अतिरिक्त राशि उधार लेने की अनुमति दी गई है।

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Generate E-Way Bill Through IRN No., Ack No. and Date - GST NEWS

2020-12-05T06:38:00.002-08:00

Generate E-Way Bill Through IRN No., Ack No. and Date - GST NEWS

Step By Step Process for Generate E-Way Bill Through

1. Invoice reference Number (IRN No.)

2. Ack No.

3. Date

FOLLOW THE STEPS:-(1) Open this website https://einvoice1.gst.gov.in

(2) Go to Login Button and click

(3) User can access this E-Invoice Portal with the same User ID & Password already Login on https://ewaybill.nic.in/

(4) This option is used to generate the e-Way Bill for already generated e- invoice. To generate a e-Way Bill, user needs to select the sub option Generate e-way bill option under e-way bill option in menu. On clicking this option, the below screen will be displayed.

(5) Next, the user has to select and enter the Ack No. or IRN or Date of e- invoice as per the availability and clicks go. System will display the Part A EWB details and prompts user to enter the details of transportation under e-way bills details.

(6) Here the user will first enter the transporter name, transporter ID and approximate distance (km) to be covered by the shipment.

(7) The e-waybill system will Auto - calculate and display the estimated motorable distance between the supplier and recipient addresses as per the PIN codes entered in e-invoice entry form. User is also allowed to enter the actual distance as per the movement of goods. However, it will be limited to 10% more than the auto calculated distance displayed. In case, the PIN Code of both source and destination are same, the user is allowed to enter distance up to a maximum of 100 KMs only. The user has to select the mode of transportation - road, rail, air or ship and vehicle type. Next he has to update the vehicle no. and transporter doc no. and date. Once a request for EWB is submitted, the system validates the entered values and pops up appropriate message if there is any error. Otherwise the system generates the EWB with unique 12 digit number.

(8) Click on Print option for E-way bill printout.

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GST Revenue collected in November 2020 Rs. 1,04,963 crore - GST NEWS

2020-12-01T04:21:00.001-08:00

Rs 1,04,963 crore of gross GST Revenue collected in the month of November 2020

The gross GST revenue collected in the month of November, 2020 is ₹ 1,04,963 crore of which CGST is ₹ 19,189 crore, SGST is ₹ 25,540 crore, IGST is ₹ 51,992 crore (including ₹ 22,078 crore collected on import of goods) and Cess is ₹ 8,242crore (including ₹ 809 crore collected on import of goods). The total number of GSTR-3B Returns filed for the month of November up to 30th November 2020 is 82 lakhs.

The government has settled ₹ 22,293 crore to CGST and ₹ 16,286 crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of November 2020 is ₹ 41,482 crore for CGST and ₹ 41,826 crore for the SGST.

In line with the recent trend of recovery in the GST revenues, the revenues for the month of November 2020 are 1.4% higher than the GST revenues in the same month last year. During the month, revenues from import of goods was 4.9% higher and the revenues from domestic transaction (including import of services) are 0.5% higher that the revenues from these sources during the same month last year.

The chart below shows trends in monthly gross GST revenues during the current year. The table shows the state-wise figures of GST collected in each State during the month of November 2020 as compared to November 2019.

State-wise growth of GST Revenues during Nov 2020

Source : -Pib gov

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GST Registration will be canceled of more than 5.43 lakh - GST NEWS

2020-11-29T04:06:00.000-08:00

GST Registration of more than 5.43 lakh businesses will be canceled, action will be taken for not filing returns

The revenue department under the finance ministry is preparing to cancel the Goods and Services Tax (GST) registration of more than 5.43 lakh businesses. This action will be taken on default businesses who do not file returns for 6 months or more. It has been decided to cancel the registration of a high level meeting held recently by the revenue department.

More than 25 thousand defaulters found in November

The revenue department is constantly monitoring those who do not file monthly returns. According to tax authorities, 25 thousand such taxpayers have been found, who have not filed returns through GSTR-3B even after the due date of 20 November. Now the revenue department has asked the officials to contact these defaulters and ask them to file returns. Such defaulters will be contacted via SMS and email.

One Lakh SMS and email will be sent daily

According to sources, the GST network has asked taxpayers to send 1 lakh SMS and e-mails daily as a reminder. These SMS and e-mails will be sent exclusively to the default taxpayers. According to the GST rules, all traders have to file the previous month's return by the 20th of every month. So far 80 lakh sales returns or GSTR-3B have been submitted.

GST collection was Rs 1.05 lakh in October

The GST collection in October was 1.05 lakh crore rupees. For the first time in October after February, the GST collection crossed the Rs 1 lakh crore mark. In October, 80 lakh GST returns were filed. The GST collection had crossed Rs 1 lakh crore in 8 months out of the 12 months of FY 2019-20. The GST collection has been affected due to covid-19 in the current financial year.

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GST fine of Rs 241.5 crore on P&G companies - GST NEW

2020-11-26T00:49:00.005-08:00

GST fine of Rs 241.5 crore on P&G companies - GST NEW

The National Anti-Profiteering Authority has imposed a fine of Rs 241.5 crore on P&G Home Products, P&G Hygiene and Healthcare and Gillette India Ltd, for now not passing on gain of decreased items and service tax (GST) rates on its merchandise from 28 per cent to 18 per cent.

The excellent used to be determined after the Director General of Anti-Profiteering (DGAP) carried out an investigation into allegations of profiteering at some stage in the duration between November 2017 and September 2018.

“It is evident from the narration of data that the respondents have denied advantage of price discount to the shoppers of their SKUs in contravention of the provisions of Section 171 (1) of the Central GST Act, 2017 and they have as a result resorted to profiteering,” NAA chairman BN Sharma stated in an order surpassed on November 23.

P&G has stated that it had surpassed on advantages of fee discount to consumers, and that it will investigate all criminal selections in opposition to the order.

“As a accountable corporate, P&G has completely exceeded on the internet commensurate advantage below GST to the recipients. In addition, we communicated the equal by means of marketing in mass media to assist expand recognition with the consumers, customers and retailers,”

“We will evaluation the order through NAA, and check all viable criminal options. We are hopeful that our stand will be vindicated,” the spokesperson added.

The makers of marquee merchandise such as Ariel, Tide and Pantene, additionally stated that the enterprise has been persistently soliciting for the authorities for a clear set of regulations and rules to put off ambiguity and complexity.

The NAA has directed the groups to pay the first-rate cut up equally into Central and kingdom purchaser welfare funds, inside three months. A compliance file has been sought inside 4 months.

Importantly, the authority has directed the DGAP to raise out similarly investigation into whether the advantages of price discount have been surpassed on October, 2018 onwards, and compute the profiteered quantity until date.

“… there are life like grounds to trust that respondents have curiously now not exceeded on the gain of tax discount wef October 1, 2018 onwards,” the NAA said. The authority mentioned that claims of the agencies having handed on advantage thru discounts, rate reductions, expand in extent and charging decrease than common prices, have been observed to be wrong.

DGAP has additionally been directed to compute the profiteered quantity on the shares mendacity with distributors and outlets as on November 15, 2017, when the tax charge was once reduced.

However, no penalty has been imposed on the FMCG major. The NAA stated amendments to the Finance Act in January 2020 that barred the levy of penalty retrospectively.

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Due dates Extend for Annual Return (GSTR-9 and GSTR-9C) 2018-19 till 31 Dec. 2020 - GST NEWS

2020-10-24T10:08:00.000-07:00

Extension of due dates for Annual Return and Reconciliation Statement for 2018-19 - GST NEWS

Source :- CBIC

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Twelfth amendment (2020) to the CGST Rules 2017 - GST NEWS

2020-10-24T09:41:00.001-07:00

Seeks to make the Twelfth amendment (2020) to the CGST Rules 2017 - GST NEWS

Source :- CBIC

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HSN code required on tax invoice - GST NEWS

2020-10-24T07:09:00.000-07:00

Seeks to notify the number of HSN digits required on tax invoice

Source :- CBIC

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Optional for small taxpayers whose aggregate turnover is less than Rs 2 crores - GST NEWS

2020-10-24T06:59:00.005-07:00

Seeks to make filing of annual return under section 44 (1) of CGST Act for F.Y. 2019-20 optional for small taxpayers whose aggregate turnover is less than Rs 2 crores and who have not filed the said return before the due date.

Source :- CBIC

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Due date for furnishing FORM GSTR-1 for the quarters - GST NEWS

2020-10-24T06:51:00.001-07:00

Due date for furnishing FORM GSTR-1 for the quarters - GST NEWS

Source :- CBIC

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Application of sub-rule (4) of rule 36 of the CGST Rules, 2017 - GST NEWS

2020-10-24T06:36:00.000-07:00

Clarification of issues relating to application of sub-rule (4) of rule 36 of the CGST Rules, 2017, cumulatively for the months of February, 2020 to August, 2020

Source :- CBIC

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Faceless Assessment and Taxpayers Charter - Transparent Taxation

2020-08-13T09:44:00.002-07:00

Faceless Assessment and Taxpayers Charter - Transparent Taxation

Transparent Taxation Platform: PM Modi gives gift to honest taxpayers; Faceless Assessment and Taxpayers Charter in force today

Prime Minister Narendra Modi on Thursday launched the "Transparent Taxation, Honoring the Honest" platform in honor of honest taxpayers. The platform includes major reforms like Faceless Assessment, Faceless Appeal and Taxpayers Charter. The government has implemented Faceless Assessment and Taxpayers Charter from today. While the facility of faceless appeal will be available for citizens across the country from 25th September on Deen Dayal Upadhyay ji's birthday.

On this meeting, PM Modi said that even though the tax system is becoming faceless, but it is giving confidence to the taxpayer for fairness and fearlessness.

On this meeting, PM Modi said that the honest taxpayer of the country plays a huge role in nation building. When the life of honest taxpayer of the country becomes easy, it moves forward, then the country also develops, the country also moves forward. The new arrangements, new facilities, minimum government, starting today, strengthen our commitment to maximum governance. This is a big step in the direction of reducing the interference of the government from the life of the countrymen. This is the use of new governance model of new India and its good results are coming in the country.

PM Modi said that the Taxpayers Charter is also a big step in the country's development journey. Now the taxpayer has been assured of fair, courteous and rational behavior. That is, the income tax department now has to take care of the dignity of the taxpayer sensitively. Now the taxpayer will have to believe it, the department cannot look at it with suspicion without any basis.

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FILE NIL GST Return through SMS - GST NEWS

2020-06-21T07:34:00.002-07:00

FILE NIL GST Return through SMS - GST NEWS

Government rolls out facility of filing of NIL GST Return through SMS

Posted On: 08 JUN 2020 6:27PM by PIB Delhi

In a significant move towards taxpayer facilitation, the Government has today onwards allowed filing of NIL GST monthly return in FORM GSTR-3B through SMS. This would substantially improve ease of GST compliance for over 22 lakh registered taxpayers who had to otherwise log into their account on the common portal and then file their returns every month. Now, these taxpayers with NIL liability need not log on to the GST Portal and may file their NIL returns through a SMS.

2. For this purpose, the functionality of filing Nil FORM GSTR-3B through SMS has been made available on the GSTN portal with immediate effect. The status of the returns so filed can be tracked on the GST Portal by logging in to GSTIN account and navigating to Services>Returns>Track Return Status. The procedure to file Nil returns by SMS is as follows: -

Step	SMS to 14409	Receive from VD-GSTIND
Initiate Nil Filing	NIL<space>3B<space>GSTIN<space>Tax period Ex. NIL 3B 09XXXXXXXXXXXZC 052020	123456 is the CODE for Nil filing of GSTR3B for09XXXXXXXXXXXZC for period 052020. Code validity 30 min.
Confirming Nil Filing	CNF <space>3B<space>Code Ex. CNF 3B 123456	Your, 09XXXXXXXXXXXZC, GSTR3B for 052020 is filed successfully and acknowledged vide ARN is AA070219000384. Please use this ARN to track the status of your return.
For Help, anytime	HELP<Space>3B Ex. Help 3B	To file NIL return of GSTIN for Mar 2020: NIL 3B 07CQZCD1111I4Z7 032020 To confirm Nil filing: CNF 3B CODE More details www.gst.gov.in

source:- PIB

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Important Central Tax Notifications issued by CBIC on 23.03.2020 - GST NEWS

2020-03-26T07:41:00.000-07:00

Important Central Tax Notifications issued by CBIC on 23.03.2020 - GST NEWS

SL. NO.	Notification No. & Date of Issue	English	Hindi	Subject
1	29/2020-Central Tax ,dt. 23-03-2020	View (395 KB)	देखें (194 KB)	Seeks to prescribe return in FORM GSTR-3B of CGST Rules, 2017 along with due dates of furnishing the said form for April, 2020 to September, 2020
2	28/2020-Central Tax ,dt. 23-03-2020	View (334 KB)	देखें (92 KB)	Seeks to prescribe the due date for furnishing FORM GSTR-1 by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year, for each of the months from April,2020 to September, 2020.
3	27/2020-Central Tax ,dt. 23-03-2020	View (395 KB)	देखें (194 KB)	Seeks to prescribe the due date for furnishing FORM GSTR-1 for the quarters April, 2020 to June, 2020 and July, 2020 to September, 2020 for registered persons having aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year.
4	26/2020-Central Tax ,dt. 23-03-2020	View (395 KB)	देखें (194 KB)	Seeks to extend due date for furnishing FORM GSTR-3B of the said rules for the months of July,2019 to September, 2019 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir, shall be furnished electronically through the common portal, on or before the 24th March, 2020
5	25/2020-Central Tax ,dt. 23-03-2020	View (395 KB)	देखें (194 KB)	Seeks to extend due date for furnishing FORM GSTR-3B for the months of October, 2019 , November, 2019 to February, 2020 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir on or before the 24th March, 2020.
6	24/2020-Central Tax ,dt. 23-03-2020	View (334 KB)	देखें (92 KB)	Seeks to extend due date for furnishing FORM GSTR-1 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir, for the quarter July-September, 2019 till 24th March,2020.
7	23/2020-Central Tax ,dt. 23-03-2020	View (395 KB)	देखें (194 KB)	Seeks to extend due date for furnishing FORM GSTR-1 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir, by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or current financial year, for each of the months from July, 2019 to September, 2019 till 24th March, 2020.
8	22/2020-Central Tax ,dt. 23-03-2020	View (395 KB)	देखें (194 KB)	Seeks to extend due date for furnishing FORM GSTR-1 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir, and having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or current financial year, for the month of October, 2019 and November, 2019 to February till 24th March, 2020.
9	21/2020-Central Tax ,dt. 23-03-2020	View (334 KB)	देखें (92 KB)	Seeks to extend due date for furnishing FORM GSTR-1 for registered persons whose principal place of business is in the erstwhile State of Jammu and Kashmir or the Union territory of Jammu and Kashmir or the Union territory of Ladakh for the quarter October-December, 2019 till 24th March, 2020
10	20/2020-Central Tax ,dt. 23-03-2020	View (395 KB)	देखें (194 KB)	Seeks to extend due date for furnishing FORM GSTR-7 for those taxpayers whose principal place of business is in the erstwhile State of Jammu and Kashmir for the July, 2019 to October,2019 and November, 2019 to February, 2020 .
11	19/2020-Central Tax ,dt. 23-03-2020	View (334 KB)	देखें (92 KB)	Seeks to specify class of persons, other than individuals who shall undergo authentication, of Aadhaar number in order to be eligible for registration.
12	18/2020-Central Tax ,dt. 23-03-2020	View (395 KB)	देखें (194 KB)	Seeks to notify the date from which an individual shall undergo authentication, of Aadhaar number in order to be eligible for registration.
13	17/2020-Central Tax ,dt. 23-03-2020	View (334 KB)	देखें (92 KB)	Seeks to specify the class of persons who shall be exempted from aadhar authentication.
14	16/2020-Central Tax ,dt. 23-03-2020	View (395 KB)	देखें (194 KB)	Seeks to make third amendment (2020) to CGST Rules.
15	15/2020-Central Tax ,dt. 23-03-2020	View (334 KB)	देखें (92 KB)	Seeks to extend the time limit for furnishing of the annual return specified under section 44 of CGST Act, 2017 for the financial year 2018-2019 till 30.06.2020.
16	14/2020-Central Tax ,dt. 23-03-2020	View (61 KB)	देखें (171 KB)	Seeks to exempt certain class of registered persons capturing dynamic QR code and the date for implementation of QR Code to be extended to 01.10.2020
17	13/2020-Central Tax ,dt. 23-03-2020	View (61 KB)	देखें (171 KB)	Seeks to exempt certain class of registered persons from issuing e-invoices and the date for implementation of e-invoicing extended to 01.10.2020
18	12/2020-Central Tax ,dt. 23-03-2020	View (61 KB)	देखें (171 KB)	Seeks to waive off the requirement for furnishing FORM GSTR-1 for 2019-20 for taxpayers who could not opt for availing the option of special composition scheme under notification No. 2/2019-Central Tax (Rate)
19	11/2020-Central Tax ,dt. 23-03-2020	View (61 KB)	देखें (171 KB)	Seeks to provide special procedure for corporate debtors undergoing the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016
20	10/2020-Central Tax ,dt. 23-03-2020	View (61 KB)	देखें (171 KB)	Seeks to provide special procedure for taxpayers in Dadra and Nagar Haveli and Daman and Diu consequent to merger of the two UTs

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39th GST Council meeting, changes in GST council related to law & procedure - GST NEWS

2020-03-14T08:12:00.000-07:00

39th GST Council meeting, changes in GST council related to law & procedure - GST NEWS

Ministry of Finance

Recommendations of GST council related to law & procedure

Posted On: 14 MAR 2020 7:36PM by PIB Delhi

The GST Council has made the following recommendations on Law & Procedures changes.

Measures for Trade facilitation:
1. Interest for delay in payment of GST to be charged on the net cash tax liability w.e.f. 01.07.2017 (Law to be amended retrospectively).
2. Where registrations have been cancelled till 14.03.2020, application for revocation of cancellation of registration can be filled up to 30.06.2020 (extension of period of application as one-time measure to facilitate those who want to conduct business).
3. Annual Return:
  1. Relaxation to MSMEs from furnishing of Reconciliation Statement in FORM GSTR-9C, for the financial year 2018-19, for taxpayers having aggregate turnover below Rs. 5 crores;
  2. Due date for filing the Annual return and the Reconciliation Statement for financial year 2018-19 to be extended to 30.06.2020; and
  3. Late fees not to be levied for delayed filing of the Annual return and the Reconciliation Statement for financial year 2017-18 and 2018-19 for taxpayers with aggregate turnover less than Rs. 2 crores.
4. A new facility called ‘Know Your Supplier’ to be introduced so as to enable every registered person to have some basic information about the suppliers with whom they conduct or propose to conduct business.
5. The requirement of furnishing FORM GSTR-1 for 2019-20 to be waived for taxpayers who could not opt for availing the option of special composition scheme under notification No. 2/2019-Central Tax (Rate) dated 07.03.2019 by filing FORM CMP-02.
6. A special procedure is being prescribed for registered persons who are corporate debtors under the provisions of the Insolvency and Bankruptcy Code, 2016 and are undergoing the corporate insolvency resolution process, so as to enable them to comply with the provisions of GST Laws during the CIRP period.
7. Extension of due dates for FORM GSTR-3B for the month of July, 2019 to January, 2020 till 24th March, 2020 for registered persons having principal place of business in the Union territory of Ladakh. Similar extension is also recommended for FORM GSTR-1 & FORM GSTR-7.
8. Bunching of refund claims allowed across financial years to facilitate exporters.
Deferment of E-invoice and QR Code:

Certain class of registered persons (insurance company, banking company, financial institution, non-banking financial institution, GTA, passenger transportation service etc.) to be exempted from issuing e-invoices or capturing dynamic QR code; and
The dates for implementation of e-invoicing and QR Code to be extended to 01.10.2020.

Deferment of e-wallet Scheme:
1. Extension of the time to finalize e-Wallet scheme up to 31.03.2021; and
2. Extension of the present exemptions from IGST and Cess on the imports made under the AA/EPCG/EOU schemes up to 31.03.2021.
Continuation of existing system of furnishing FORM GSTR-1 & FORM GSTR-3B till September, 2020;
Other new initiatives:

Seeking information return from Banks;
To curb fake invoicing and fraudulent passing of ITC, restrictions to be imposed on passing of the ITC in case of new GST registrations, before physical verification of premises and Financial KYC of the registered person.

Issuance of circulars in respect of:
1. Clarification in apportionment of ITC in cases of business reorganization under section 18 (3) of CGST Act read with rule 41(1) of CGST Rules;
2. Appeals during non-constitution of the Appellate Tribunal;
3. Clarification on refund related issues; and
4. Clarification on special procedure for registered persons who are corporate debtors under the provisions of the Insolvency and Bankruptcy Code, 2016, undergoing the corporate insolvency resolution process.
Amendments to the CGST Rules: Key amendments are as below:

Procedure for reversal of input tax credit in respect of capital goods partly used for affecting taxable supplies and partly for exempt supplies under rule 43 (1) (c);
ceiling to be fixed for the value of the export supply for the purpose of calculation of refund on zero rated supplies;
to allow for refund to be sanctioned in both cash and credit in case of excess payment of tax;
to provide for recovery of refund on export of goods where export proceeds are not realized within the time prescribed under FEMA; and
to operationalize Aadhaar authentication for new taxpayers.

Certain amendments to be carried out in the GST laws.

*****

Note: The recommendations of the GST Council have been presented in this release in simple language for information of all stakeholders. The same would be given effect through relevant Circulars/Notifications or amendment in GST laws which alone shall have the force of law.

Source :- PIB

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39th GST Council meeting, changes in GST rates - GST NEWS

2020-03-14T07:57:00.001-07:00

39th GST Council meeting, changes in GST rates - GST NEWS

Ministry of Finance

Recommendations of GST council related to

changes in GST rates on supply of goods and

services

Posted On: 14 MAR 2020 7:38PM by PIB Delhi

The 39th GST Council met under the Chairmanship of Union Finance &Corporate Affairs Minister Smt Nirmala Sitharaman here today . The meeting was also attended by Union Minister of State for Finance &Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States &UTs and seniors officers of the Ministry of Finance.

GST Council took following decisions relating to changes in GST rates on supply of goods and services.
1. The recommendation of the Fitment Committee for calibrating the GST rate structure to correct the
inverted duty structure on various items like Mobile phones, Footwear, Textiles and Fertilizers was placed before the GST Council for discussion. The Council had a detailed discussion on the matter. Upon discussion the Council made the following recommendations:-

i. To raise the GST rate on Mobile Phones and specified parts presently attracting 12% to 18%.
ii.To deliberate the issue of calibrating the rate in other items for removing inversion in future meeting with further consultation and examination of issue.

2. GST rate on all types of matches (Handmade and other than Handmade) has been rationalised to 12% (from 5% on Handmade matches and 18% on other matches). This would address the classification issues. This issue was deliberated earlier in the 37th meeting and was pending for decision.
3 To reduce GST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC and to change the place of supply for B2B MRO services to the location of recipient. This change is likely to assist in setting up of MRO services in India. Domestic MRO will also get protection due to 5% tax paid under section 3(7) of the Customs Tariff Act, 1975 on most imported goods (sent abroad for repairs) as this tax is not available as credit.

Note: It is proposed to issue notifications giving effect to these recommendations of the Council on 01st April, 2020.

Source :- PIB

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Extend GSTR 9 and 9C Return filing date for F.Y 2018-19, 30 June 2020 - GST NEWS

2020-03-14T06:59:00.000-07:00

39th GST Council Meeting 14 March 2020

1. The GST council meeting has extended the deadline for filing the GST9R and GSTR9C for F.Y18-19 till 30 June 2020.

2.Late fees not to be levied for the delayed filing of the annual return & reconciliation statement for 2017-18 & 2018-19 for taxpayers with aggregate turnover less than Rs 2 crore.

3. Taxpayers with over Rs 5 crore annual turnovers will have to file for GST mandatorily. Earlier, the turnover limit was Rs 2 crores.

4. Increase the GST rate on mobile phones, specified parts to 18% from the existing 12%.

5. GST on MRO (maintenance repair overhaul) services of aircraft slashed to 5% from 18%.

6. GST on handmade, machine-made matchsticks rationalised to 12%.

7. The GST Council will continue with GSTR-1, GSTR-2A and GSTR-3B till September 2020 and defer the new GST return system till such time.

8.The GST Council may remove the blocking of the Input Tax Credit (ITC) for the taxpayers who opt for lower rate of 5% as output GST

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Extends GSTR 9 and 9C Return filing date for F.Y 2017-18, 31 January 2020 - GST NEWS

2019-12-18T08:51:00.000-08:00

Extends GSTR 9 and 9C Return filing date for F.Y 2017-18, 31 January 2020

Deadline for GSTR 9 and GSTR 9C return filing for 2017-18 extended to January 31, 2020 from December 31, 2019 earlier.

GST Council exempts long term lease on industrial plots to facilitate setting up of industrial parks.

Land lease GST rates to be applicable from January 1, 2020.

Presentation made before the Council on augmentation of revenue but nothing related to rate hike was part of the presentation. Data on revenue to be studied before taking any decision.

Penalty for non-filing of GSTR-1 from July 2017 relaxed.

Uniform rate of 18% for woven and non-woven bags.

Input tax credit to be restricted to 10 per cent from 20 earlier if invoices not uploaded.

The Council will also take up the matter of revenue augmentation. The Council is unlikely to go for a rate hike or a major rejig at the moment. Finance minister Nirmala Sitharaman has, on multiple occasions, dismissed reports of a possible rate hike owing to slowing collections. Even states are not in favour of a rate hike at the moment.

The Centre has set a target of Rs 1.10 lakh crore a month for the remaining four months of the current fiscal.

The government had cleared the pending GST compensation to the tune of RS 35,298 crore just a few days before the Council meeting. A number of states, especially the opposition-ruled ones, had raised the issue of pending GST compensation for the months of August-September. The Centre is yest to clear the compensation for the months of October-November.

The GST Council meeting is taking place in the backdrop of falling collections for the current fiscal. In a reply in Lok Sabha, MoS Finance Anurag Thakur said that the GST collection for the period April-November fell 40 per cent. The actual CGST collection during April-November stood at Rs 3,28,365 crore while the budgeted estimate is of Rs 5,26,000 crore for these months.

Source:- economictimes

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