GST

Jun 19, 2019, 06.25 AM IST
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GST

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GST: From anti-profiteering to fixing GSTN glitches, issues that need immediate attention

GST: From anti-profiteering to fixing GSTN glitches, issues that need immediate attention

The Government should consider taking appropriate measures to further strengthen the GST portal, to facilitate compliance with GST law amendments and to ensure GST portal’s easy access to the taxpayers.

GST Council may consider national bench of AAAR next month; move to give certainty to taxpayers

GST Council may consider national bench of AAAR next month; move to give certainty to taxpayers

The AARs in different states have passed about 470 orders, while AAARs have disposed of around 69 cases till March 2019.

GST anti-profiteering body may get fresh lease of life

GST anti-profiteering body may get fresh lease of life

Final decision on NAA extension may be taken by the new govt after polls, said officials.

Automated GST refund for exporters by next month

Automated GST refund for exporters by next month

Currently, the facility of automatic refund is available only for those exporters who have paid Integrated Goods and Services Tax (IGST) while exporting goods

QR code option may be must for shops

QR code option may be must for shops

The move follows a goahead by the GST Council before the elections and now the details of the payment mechanism are being worked out.

Now, owners may have to pay different GST for identical flats

Now, owners may have to pay different GST for identical flats

Two people buying identical flats in the same complex but in different buildings, may end up paying different GST.

B2B invoices will have to be generated on govt portal by September to check GST evasion

B2B invoices will have to be generated on govt portal by September to check GST evasion

The e-invoice generation method will be similar to the one being followed for e-way bill on the 'ewaybill.nic.in' portal or payment of GST on the GSTN portal.

Why it may be premature to cheer the surge in April GST collection

Why it may be premature to cheer the surge in April GST collection

Most leading indicators show production and demand conditions have remained weak.

GST collection jumps to Rs 1.13 lakh crore in April, the highest since its rollout

GST collection jumps to Rs 1.13 lakh crore in April, the highest since its rollout

The number hit a record high on the back of high compliance and increased returns.

Tax dept to share ITR data with GSTN to detect tax evasion by business persons

Tax dept to share ITR data with GSTN to detect tax evasion by business persons

Before GST was introduced, the department could not reconcile the data filed by the business persons in his/her sales tax return/service tax return and ITR.

GST: What a novice exporter needs to keep in mind

GST: What a novice exporter needs to keep in mind

If compliances in terms of current taxation policy of the Government and do’s and don’ts for availing the benefits are not adhered to, it may lead to difficulty in exports or denial of precious export incentives.

E-invoicing may begin under GST

E-invoicing may begin under GST

The GST Council has taken a number of measures, such as the introduction of electronic way (e-way) bills, to clamp down on tax evasion.

You may be paying higher tax on annual maintenance bills

You may be paying higher tax on annual maintenance bills

Conflicting rulings on annual maintenance contracts have caused considerable confusion in the industry.

Businesses can use IGST credit to settle centre, state tax dues: CBIC

Businesses can use IGST credit to settle centre, state tax dues: CBIC

The CBIC has now clarified that the IGST credit can be used in payment of CGST or SGST in any order or proportion.

GST refunds for exporters can now come in 3-4 days: CEPC’s Mahavir Pratap Sharma

GST refunds for exporters can now come in 3-4 days: CEPC’s Mahavir Pratap Sharma

CEPC chairman, Mahavir Pratap Sharma is of the view that it makes sense for the government to create an online e-wallet which has been in the works since some time.

Finance Ministry brings in changes in e-way bill system to check GST evasion

Finance Ministry brings in changes in e-way bill system to check GST evasion

The Finance Ministry has introduced changes in e-way bill system as it seeks to crack down on GST evaders.

Composition scheme biz to now file simplified 'self-assessed' GST return quarterly

Composition scheme biz to now file simplified 'self-assessed' GST return quarterly

So far, businesses opting for composition scheme had to file tax returns every quarter in GSTR-4 which ran into around seven pages.

Non-filers of GST returns for 2 months to be barred from generating e-way bills from June 21

Non-filers of GST returns for 2 months to be barred from generating e-way bills from June 21

In the GST regime, businesses have to file monthly tax returns by the 20th day of the subsequent month.

HC rules taxman can seek interest on entire GST liability

HC rules taxman can seek interest on entire GST liability

This means that tax authorities can levy interest on the gross tax liability of an assessee if there is any delay in tax payment.

No input tax credit if GST returns not filed, says Telangana HC

No input tax credit if GST returns not filed, says Telangana HC

The company had delayed filing the GST returns from July 2017 to May 2018 when its tax liability added up to Rs 1,014 crore.

Govt extends deadline for GST sales return for March until Apr 23

Govt extends deadline for GST sales return for March until Apr 23

The government has extended the last date for filing summary sales return, GSTR-3B, for March month by three days until April 23.

Need to make additional GST payment? Here’s how to go about it

Need to make additional GST payment? Here’s how to go about it

Payment using DRC 03 can either be voluntarily by the taxpayer when he or she discovers the shortfall, or it can be when the taxman issues a SCN.

Key aspects to keep in mind when filing your annual GST Return

Key aspects to keep in mind when filing your annual GST Return

The due date to file returns has been shifted twice, initially from December, 2018 to March, 2019 and then again to June 30, 2019.

Traders claim GST ‘cumbersome’ to business

Traders claim GST ‘cumbersome’ to business

Traders and businessmen from across the state that ET spoke to claim that the ‘simplification of GST’ that has been promised by the Congress has found resonance among the trader community.

Gaps in e-way bill reporting mechanism may be closed

Gaps in e-way bill reporting mechanism may be closed

Designed as an anti-evasion measure, the e-way bill system was rolled out on April 1, 2018, for moving goods worth over Rs 50,000 from one state to another.

GST portal updates: 11 new features on GSTN that you need to be aware of

GST portal updates: 11 new features on GSTN that you need to be aware of

Tax filers who file their returns quarterly now do not have to wait for the quarterly filing of refund applications too. The portal has enabled the monthly filing option of the same.

GST officers seek clarification from companies for mismatch in sales returns, e-way bill data

GST officers seek clarification from companies for mismatch in sales returns, e-way bill data

The government is banking on anti-evasion measures to meet its GST collection target for the current fiscal.

Council to review food aggregator's GST woes

Council to review food aggregator's GST woes

The aggregators are unable to show tax collected at source (TCS) from restaurants using their platform.

Service providers can opt for GST composition scheme by April 30: CBIC

Service providers can opt for GST composition scheme by April 30: CBIC

Businesses which apply for new registration may avail the said benefit in Form GST REG-01 at the time of filing application for registration.

Restaurants lose appetite with tax sop not on menu

Restaurants lose appetite with tax sop not on menu

In November 2017, the government cut GST rates on restaurants to 5% from 18%.

Got a GST demand notice from taxman? These are the options you've to deal with it

Got a GST demand notice from taxman? These are the options you've to deal with it

GST authorities act based on any hints collected on verifying the taxpayer’s GST Returns or received from another Government department or any third parties.

Changes planned in e-way bill system to contain GST evasion

Changes planned in e-way bill system to contain GST evasion

E-way bill system will be enabled to auto calculate the distance for movement of goods based on the postal PIN codes of source and destination locations while allowing a variation of only 10%.

View:  A fair assessment of Good and Services Tax

View: A fair assessment of Good and Services Tax

The GST impact goes beyond revenues and rates of duty. It has transformed our federal polity for the good.

How to file GSTR-9: Preparing the first-ever annual return for financial year 2017-18

How to file GSTR-9: Preparing the first-ever annual return for financial year 2017-18

With the extended time limit, taxpayers who are yet to submit GSTR-9 must proceed only after ensuring that all the GST Returns applicable to their business during FY 2017-18 are filed.

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