GST rollout: GST Network launches offline Excel template for traders, businesses to file online returns
7 years, 8 months ago

GST rollout: GST Network launches offline Excel template for traders, businesses to file online returns

Firstpost  

As per the GST law, a return of all sales or trade made in a month have to be filed online by the 10th of the following month. New Delhi: Ahead of the rollout on Saturday, GST Network on Friday launched an offline Excel based format for traders and businesses to upload sales data on the GST portal. The Excel template, comprising eight worksheets, is part of GST Network’s approach to make tax compliance easy and convenient for taxpayers and also reduce the time of compliance. This Excel template can be downloaded from the GST common portal, and can be used by taxpayers to collate all invoice related data on a regular basis. The offline tool will be able to import data from the Excel template and generate JSON file which will have to be uploaded on GST portal, a statement said.

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History of this topic

GST return filing and payment deadline extended by two days after technical snag hits GSTN system
2 months, 2 weeks ago

GST return filing and payment deadline extended by two days after technical snag hits GSTN system

Live Mint  

GST return filing: The government on Friday, January 10, extended the deadline for filing monthly GST sales return form GSTR-1 and GST payment by two days after taxpayers reported technical glitches in the GST Network system. GST return filing deadline extended amid technical snag Normally, the last date for filing GSTR-1 for monthly return filers is January 11, 2025, while …

GST portal faces technical issues; taxpayers struggle as GST Network seeks extension for December filing deadline
2 months, 2 weeks ago

GST portal faces technical issues; taxpayers struggle as GST Network seeks extension for December filing deadline

Live Mint  

The GST portal has been facing issues related to filing GSTR-1. On Thursday, GST Network posted an update on X, highlighting the problem. A message on GST Network's social media handle, GST Tech, reads: “GSTN hereby acknowledges the issue being faced regarding GSTR-1 summary generation and its filing. Thanks for your patience.” Following this, when taxpayers continued to face difficulties …

GST filing delayed as portal glitches persist. Deadline extension expected
2 months, 2 weeks ago

GST filing delayed as portal glitches persist. Deadline extension expected

India Today  

Businesses across India face a potential delay in filing their GSTR-1 returns as the Goods and Services Tax Network portal encounters technical difficulties. Thank you for your understanding and patience!” TECHNICAL ISSUES DISRUPT FILING PROCESS The GSTN portal, essential for filing GST returns, has been under maintenance due to technical glitches. While the system is expected to be operational by …

GST authorities drop plans to enforce stricter e-way bill norms
1 year, 2 months ago

GST authorities drop plans to enforce stricter e-way bill norms

Live Mint  

New Delhi: Goods and Services Tax authorities have dropped a plan to block generation of goods transportation permits, or e-way bills, from 1 March for companies that fail to produce 'e-invoices' for their wholesale transactions through designated portals. They automatically update transaction data in other tax documents like e-way bills and GST returns, enhancing economic activity oversight. The National Informatics …

7 common mistakes to avoid while filing GST
1 year, 9 months ago

7 common mistakes to avoid while filing GST

India Today  

Accurate filing of Goods and Service Tax returns is crucial to avoid unnecessary reconciliation and ensure compliance. UNDERSTANDING GST RETURNS: A GST return is a comprehensive document that encompasses all income, sales, expenses, and purchases that GST-registered taxpayers are required to report to the tax authorities. TYPES OF GST RETURNS: The Goods and Service Tax has a range of returns, …

GSTN Issues Advisory On “Initiating Drop Proceeding” By Taxpayers
2 years, 2 months ago

GSTN Issues Advisory On “Initiating Drop Proceeding” By Taxpayers

Live Law  

The Goods and Service Tax Networks has issued an advisory on “Initiating Drop Proceeding” by taxpayers.On the GST Portal, a feature known as Automated Drop Proceedings of GSTINs suspended due to non-filing of returns has recently been introduced. The Goods and Service Tax Networks has issued an advisory on “Initiating Drop Proceeding” by taxpayers. On the GST Portal, a feature …

CBIC extends GSTR 3B filing return due date amid glitches in GSTN portal
2 years, 5 months ago

CBIC extends GSTR 3B filing return due date amid glitches in GSTN portal

Firstpost  

Due to the slow functioning of the GSTN portal, the GST Implementation Committee of the GST Council had approved extension of the due date of GSTR-3B return filing for the month of September 2022, for the monthly filers, from 20 October to 21 October. The Central Board of Indirect Taxes and Customs stated in a tweet that it had received …

Govt extends deadline for filing September GST return till Oct 21
2 years, 5 months ago

Govt extends deadline for filing September GST return till Oct 21

India TV News  

Highlights Monthly return and tax payment form GSTR-3B is filed in staggered manner The form is filed between the 20th, 22nd, and 24th of each month by taxpayers GST Network provides the technology backend for running Goods and Services Tax The government has extended the deadline for filing GST returns for the month of September by a day to October …

GSTN Portal To Remain Open During September-October for Pre-GST Credit Forms, Directs SC
2 years, 8 months ago

GSTN Portal To Remain Open During September-October for Pre-GST Credit Forms, Directs SC

News 18  

Goods and Services Tax : In a major decision, the Supreme Court has directed the GSTN portal to be kept open between September 1 and October 31 for the registered assessees to upload TRAN-1 and TRAN-2 forms. Abhishek Jain, tax partner at KPMG in India, said, “This decision comes in light of the on-going dispute wherein various tax payers had …

Types of GST Returns and how to file: Step-by-step guide
3 years ago

Types of GST Returns and how to file: Step-by-step guide

India Today  

Goods and services tax is an indirect tax applicable from July 1st, 2017 across India. Who has to file GST Return: All registered businesses have to file monthly, quarterly, and/or annual GST Returns based on the type of business. List of GST Returns: GSTR-1 - The registered taxable supplier should file details of outward supplies of taxable goods and services …

Monthly GST return filing deadline extended till June 26
3 years, 9 months ago

Monthly GST return filing deadline extended till June 26

Live Mint  

The government on Monday said the deadline for filing monthly GST sales returns for May has been extended by 15 days till June 26. The due date for furnishing details of outward supplies in Form GSTR-1 for the month of May 2021 is extended by 15 days. The GST Council also approved extending by three months till July 31 the …

New rules to sign up for GST
4 years, 4 months ago

New rules to sign up for GST

Live Mint  

An overhaul of the goods and services tax registration process and suspension of the registration of businesses identified as risky are among the proposals of a panel of officials attached to the GST Council. The recommendations include the use of Aadhaar or Aadhaar-like biometric identification for new registrations, steps to identify businesses that pose a risk of revenue loss to …

Pre-filled GST return form soon: GSTN CEO Prakash Kumar
4 years, 6 months ago

Pre-filled GST return form soon: GSTN CEO Prakash Kumar

India TV News  

GST-registered businesses will soon get pre-filled Return form, GSTR-3B, GST Network Chief Executive Officer Prakash Kumar said on Monday. "We are moving towards providing taxpayers with a pre-filled GSTR-3B form so that they can pay their taxes at ease. GSTN, which handles the IT backbone for Goods and Services Tax has already started providing tax liability data based on sales …

GSTN Enables Functionality to Help GST Payers on ITC Eligibility
4 years, 7 months ago

GSTN Enables Functionality to Help GST Payers on ITC Eligibility

News 18  

GST Network on Tuesday said it has enabled a functionality to help GST payers know their input tax credit eligibility in their Annual Return, making it more convenient to file GSTR-9. So far, the GST system used to compute eligible ITC based on suppliers' sales return GSTR-1, but the break-up at the invoice level was not provided. In a statement, …

GSTN glitch: Infosys asked to submit resolution plan in 15 days, Nandan Nilekani to make presentation
5 years ago

GSTN glitch: Infosys asked to submit resolution plan in 15 days, Nandan Nilekani to make presentation

Firstpost  

New Delhi: The finance ministry has asked Infosys to provide within 15 days a plan for quick resolution of glitches on the GSTN portal, as it took strong note of the “unresolved” problems and “tardy” progress made over the last two years on multiple issues faced by taxpayers in filing returns. On Saturday, Revenue Secretary held a meeting with top …

GST Network to release new version of return filing interface this month
5 years, 5 months ago

GST Network to release new version of return filing interface this month

India TV News  

GST Network to release new version of return filing interface this month GST Network will release improved version of GST return filing interface on October 22 with an aim to further simplify the process. Version 3 is going to come on October 22 of this month," GST Network CEO Prakash Kumar said at a seminar organised by IIT Delhi Alumni …

GST return filing: Small businesses may get exemption
5 years, 6 months ago

GST return filing: Small businesses may get exemption

Live Mint  

The all-powerful GST Council is set to discuss a proposal to exempt small businesses with annual turnover of less than ₹2 crore from filing annual returns. "There is also a view that government should wait till November 30 to see if the number of those filing returns goes up," he said adding there would be many procedural issues that would …

Last date to file GST annual returns extended till 30 November
5 years, 7 months ago

Last date to file GST annual returns extended till 30 November

Live Mint  

The finance ministry on Monday said the last date for filing annual GST returns has been extended by three months to November 30 as taxpayers were facing technical problems in furnishing returns. "It is hereby informed that the last date for furnishing of annual return in the Form GSTR-9 / Form GSTR-9A and reconciliation statement in the Form GSTR-9C for …

GST return filing remains less than desired, GSTR-3B compliance around 60 percent
5 years, 8 months ago

GST return filing remains less than desired, GSTR-3B compliance around 60 percent

India TV News  

Two years after the landmark goods and services tax amalgamated 17 different central and state levies, returns filing under the new indirect tax regime continues to be wobbly with filings showing spikes every three months but continue to be less than desired, data analysis showed. Also, compliance in filing summary sales return GSTR-3B has not improved much since July 2017, …

Right time to expand GST coverage to all sectors; converge tax slabs: India Inc
5 years, 9 months ago

Right time to expand GST coverage to all sectors; converge tax slabs: India Inc

Live Mint  

New Delhi: India Inc said Friday the time is right for the GST Council to expand the coverage of the indirect tax regime to all sectors and converge tax slabs. “With the related institutional systems now in place, the time is right for the GST Council to consider further improvement in GST such as coverage of all sectors and convergence …

New monthly GST return filing system to be rolled out from October
5 years, 9 months ago

New monthly GST return filing system to be rolled out from October

India TV News  

The Finance Ministry said Tuesday the new monthly GST return filing system will be rolled out from October. The existing monthly summary returns GSTR-3B shall be completely phased out from January 2020 when the new form 'GST RET-01' is set to replace it, the ministry said while announcing the roadmap for 'Transition plan to the new GST Return'. "From October, …

GST Network provides free accounting, billing software to MSMEs; to benefit about 80 lakh small businesses
5 years, 10 months ago

GST Network provides free accounting, billing software to MSMEs; to benefit about 80 lakh small businesses

Firstpost  

New Delhi: GST Network on Tuesday said it has started offering free accounting and billing software to MSMEs with an annual turnover of up to Rs 1.5 crore, which would benefit about 80 lakh small businesses. “GSTN has partnered with eight billing and accounting software vendors for providing software to the micro, small and medium enterprises, with annual turnover under …

GST Network releases prototype of new simplified return filing form; to be launched later this year
5 years, 10 months ago

GST Network releases prototype of new simplified return filing form; to be launched later this year

Firstpost  

Stakeholders can share their comments on ‘ feedback.newreturn@gstn.org.in ’, said GSTN, the company which handles the technology backbone of Goods and Services Tax regime. New Delhi: GST Network on Wednesday released a demo tool for the new and simplified return filing form which will be launched sometime later in the year. In the proposed system of new GST return filing, …

Non-filers of GST returns for two months to be barred from generating e-way bills from 21 June
5 years, 11 months ago

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

Firstpost  

Businesses under GST composition scheme will be barred from generating e-way bill if they fail to file tax returns for two consecutive filing periods, which is six months New Delhi: Non-filers of GST returns for two straight months will be barred from generating e-way bills for transporting goods effective 21 June, the finance ministry said. Businesses under GST composition scheme, …

Businesses with turnover over Rs 2 cr can now start filing GST audit reports for FY18
5 years, 11 months ago

Businesses with turnover over Rs 2 cr can now start filing GST audit reports for FY18

Firstpost  

New Delhi: Businesses with an annual turnover of over Rs 2 crore can now start filing GST audit reports for fiscal 2017-18 as GST Network has made its format available on its portal. GSTR-9C is a reconciliation statement, duly verified and signed by a chartered accountant or a cost accountant, and required to be furnished along with filing of annual …

GST compliance: Govt plans to go easy on businesses till polls
6 years, 1 month ago

GST compliance: Govt plans to go easy on businesses till polls

Live Mint  

Tax authorities have put on hold for a few months scrutiny of goods and services tax compliance by businesses and traders, despite a gaping hole in revenue receipts this fiscal year, and an ambitious 18% growth forecast for 2019-20. The pause on anti-evasion measures till early July will help the government in several ways, especially to avoid unsettling the business …

GST Network develops system to fetch e-way bill data into monthly sales returns to curb tax evasion
6 years, 1 month ago

GST Network develops system to fetch e-way bill data into monthly sales returns to curb tax evasion

Firstpost  

Matching of invoices of e-way bills with the sales shown in GSTR-1 will help taxmen in assessing whether the supplies have been accurately shown in sales return New Delhi: Now, businesses supplying goods worth more than Rs 50,000 will have an option to include details of e-way bills generated while filing the final monthly sales return under GSTR-1, a move …

Govt notifies new annual GST return forms
6 years, 2 months ago

Govt notifies new annual GST return forms

Live Mint  

New Delhi: The government has notified new annual GST return forms, which are required to be filed by businesses registered under the Goods and Services Tax regime by June 30, 2019. In the annual return forms, businesses have to provide consolidated details of sales, purchases and input tax credit benefits accrued to them during the 2017-18 fiscal. Trade and industry …

Simplified GST return forms to be rolled out from 1 April: Revenue Secretary Ajay Bhushan Pandey
6 years, 3 months ago

Simplified GST return forms to be rolled out from 1 April: Revenue Secretary Ajay Bhushan Pandey

Firstpost  

Revenue Secretary exuded confidence that the government will achieve the budgeted target for Goods and Services Tax collection New Delhi: The new simplified GST return forms will be rolled out from 1 April, 2019, Revenue Secretary Ajay Bhushan Pandey said Tuesday. He exuded confidence that the government will achieve the budgeted target for Goods and Services Tax collection and said …

GST: Short-term pain but long-term gain for the Indian economy
6 years, 7 months ago

GST: Short-term pain but long-term gain for the Indian economy

Live Mint  

Once fully implemented and linked with direct taxes, goods and services tax would benefit the economy, help bring in transparency, make small businesses strong, create more employment and ultimately reduce tax burden for the common man. Historic implementation of e-way bill from 1 April 2018, has aided GST in meeting its idea of “one nation, one market, one tax”. The …

GST Council to discuss annual return forms on 21 July; experts expect reconciliation with ITR
6 years, 8 months ago

GST Council to discuss annual return forms on 21 July; experts expect reconciliation with ITR

Firstpost  

The format for annual returns and audit is likely to be approved by the GST Council in its meeting on 21 July and industry expects that there could be some reconciliation with annual IT returns as the government aims to check tax evasion. New Delhi: The format for annual returns and audit is likely to be approved by the GST …

Govt targets roll out of new GST return forms by 1 January, says Hasmukh Adhia
6 years, 8 months ago

Govt targets roll out of new GST return forms by 1 January, says Hasmukh Adhia

Firstpost  

The GST Council had in its last meeting on 4 May approved the design of new return forms. New Delhi: The new Goods and Services return forms would be introduced from 1 January after successful beta-testing of the software, Finance Secretary Hasmukh Adhia said on Thursday. He said wrong input tax credit claims are a potential area of evasion in …

One year of GST: With compliance at 69%, tax collections have begun to stabilise; time to make process smooth
6 years, 9 months ago

One year of GST: With compliance at 69%, tax collections have begun to stabilise; time to make process smooth

Firstpost  

The challenges to GST have ranged from being infrastructural - complicated compliance, tax slab revisions or last minute timeline alterations to psychological – as India is not a DIY economy Editor’s note: It has been a year since the Narendra Modi government rolled out the Goods and Services Tax, on 1 July, 2017. The challenges have ranged from being infrastructural …

GST Council okays simple return filing, veers around to digital payment incentives
6 years, 10 months ago

GST Council okays simple return filing, veers around to digital payment incentives

India TV News  

The GST Council on Friday decided to roll out in six months a new, simpler process of filing monthly returns. Briefing about the decision taken at the 27th meeting of the council, Finance Minister Arun Jaitley said all taxpayers excluding a few exceptions like composition dealers shall file one monthly GST return in place of multiple filings currently required in …

GST return filing process to become simple
6 years, 10 months ago

GST return filing process to become simple

Live Mint  

New Delhi: The Goods and Services Tax Council on Friday approved a simpler tax return filing system under the new indirect tax regime and also approved the conversion of the GST Network into a government holding, finance minister Arun Jaitley said after the council met through a video conference. The new return filing form will reduce the compliance burden for …

GST Council approves making GST-Network a government entity; simplifies return filing process
6 years, 10 months ago

GST Council approves making GST-Network a government entity; simplifies return filing process

Firstpost  

Since its implementation on 1 July 2017, the GST Council has made some 376 changes by amending rules. Talking about the GSTN’s ownership structure, Finance Minister Arun Jaitley, the Chairman of the Council, said the GSTN is currently 24.5 percent owned by the central government, and a similar percentage is held by state governments collectively. Digital payments, sugar & ethanol …

26th Meeting of GST Council: GSTR 3B, GSTR 1 Filing Extended For 3 More Months
7 years ago

26th Meeting of GST Council: GSTR 3B, GSTR 1 Filing Extended For 3 More Months

Live Law  

The 26th meeting of the GST Council was held on Saturday in New Delhi. The following recommendations were made by the GST Council:Return filing system:The present system of filing of GSTR 3B and GSTR 1 is extended for another three months i.e., April to June, 2018 till the new return system is finalized. The following recommendations were made by the …

Amid falling tax collections, govt extends by 10 days deadline for filing final GST returns till 10 January
7 years, 2 months ago

Amid falling tax collections, govt extends by 10 days deadline for filing final GST returns till 10 January

Firstpost  

For businesses with turnover of more than Rs 1.5 crore GSTR-1 has to be filed for July-November period by 10 January New Delhi: The government has extended by 10 days the last date for filing of final sales return GSTR-1 till 10 January under the Goods and Services Tax, sources said. Businesses with turnover of up to Rs 1.5 crore …

GST returns filing: Panel to consult experts to make process convenient for businesses having nil tax liability
7 years, 4 months ago

GST returns filing: Panel to consult experts to make process convenient for businesses having nil tax liability

Firstpost  

The Goods and Services Tax Council had set up this committee on 10 November to suggest ways for simplification of the returns filing process New Delhi: The committee tasked with simplification of GST returns filing will consult tax experts and trade bodies to make the process convenient for businesses that have minimal transactions, its chairman said on Tuesday. As many …

Infosys to configure editing facility in the GST network to enable traders to file returns
7 years, 4 months ago

Infosys to configure editing facility in the GST network to enable traders to file returns

Firstpost  

Software vendor Infosys would configure the editing facility in the GST Network by 20 November to enable traders to file their three-page summary return, said the GST Group of Ministers Chairman Sushil Kumar Modi on Saturday. “Over 2 lakh tax payers were unable to file their summary returns in August and September due to the non-provision of the editing facility …

ClearTax launches offline GST Calculator for easy calculations
7 years, 5 months ago

ClearTax launches offline GST Calculator for easy calculations

ABP News  

New Delhi, Oct. 26 : ClearTax, tax e-filing and compliance platform on Thursday launched an offline calculator to help businesses determine their monthly payout towards the Goods and Services Tax to calculate full tax liabilities. With this tool, traders, CAs and tax professionals can calculate their full tax liabilities by simply entering a few key details such as the opening …

GST Council meet eases rules: Steps in right direction, will help growth revival; experts decode
7 years, 5 months ago

GST Council meet eases rules: Steps in right direction, will help growth revival; experts decode

Firstpost  

Prime Minister Narendra Modi claimed that the steps were in line with the government’s constant endeavour to safeguard citizens’ interests and ensure India’s economy grows. Abhishek A Rastogi, Partner, Khaitan & Co The Government has discussed lot of issues related to exporters, compliances including reverse charge, enhancement of limits for composition scheme from 75 lakhs to Rs 1 crore and …

GST returns filing peaked to record 13.76 lakh on last day: GSTN
7 years, 6 months ago

GST returns filing peaked to record 13.76 lakh on last day: GSTN

India TV News  

GST returns filing peaked to record 13.76 lakh on last day: GSTN As regards the GSTR-3B returns for July, a total of 46.4 lakh taxpayers filed them, representing about 78 per cent of all taxpayers registered on the GST portal and eligible to file GSTR-3B for July. More than 13.76 lakh returns -- the highest in a day till now …

80,000 returns being uploaded on GSTN portal every hour, says chairman
7 years, 6 months ago

80,000 returns being uploaded on GSTN portal every hour, says chairman

India TV News  

80,000 returns being uploaded on GSTN portal every hour, says chairman The GST Council had earlier this month decided to set up a GoM to sort out the issues faced by businesses while filing returns and paying taxes on GSTN portal. Businesses have flocked to the GST Network portal on the last day of filing initial returns for August with …

GST: Hasmukh Adhia says govt has been flexible with deadline, urges businesses to file returns on time
7 years, 6 months ago

GST: Hasmukh Adhia says govt has been flexible with deadline, urges businesses to file returns on time

Firstpost  

Sales return or GSTR-1 for July will have to be filed by 10 September instead of 5 September earlier and purchase returns or GSTR-2 can be filed by 25 September instead of 10 September earlier. New Delhi: The government on Wednesday exhorted businesses not to wait till the last day to file Goods and Services Tax returns, saying just over …

GST filing site stops functioning on eve of last day for filing returns, causes confusion among traders
7 years, 7 months ago

GST filing site stops functioning on eve of last day for filing returns, causes confusion among traders

Firstpost  

Traders across the country faced problems as the Goods and Services Tax filing website stopped functioning for some time, a day ahead of the last date for filing GST returns New Delhi: Traders across the country faced problems on Saturday as the Goods and Services Tax filing website stopped functioning for some time, a day ahead of the last date …

Get ready for first filing deadline, GST chief Navin Kumar says
7 years, 7 months ago

Get ready for first filing deadline, GST chief Navin Kumar says

Live Mint  

New Delhi: Millions of companies in India are still not ready to file their first returns under the new goods and services tax ahead of an 20 August deadline, a top official told Reuters, urging them not to leave things to the eleventh hour. Navin Kumar, chairman of the GST Network, also said barely half of the 34 service providers …

ClearTax launches 'GST Suvidha Kendra' initiative; to establish 5,000 centers
7 years, 8 months ago

ClearTax launches 'GST Suvidha Kendra' initiative; to establish 5,000 centers

ABP News  

New Delhi, July 28 : Aiming to ease compliance with the recently launched Goods and Services Tax, ClearTax has announced the launch of its GST Suvidha Kendra initiative. ClearTax is currently recruiting chartered accountants and tax professionals to be a part of these Suvidha Kendras, and aims to have 5,000 GST Suvidha Kendra facilities up and running across India by …

Traders to meet on Friday to discuss GST issues
7 years, 8 months ago

Traders to meet on Friday to discuss GST issues

Live Mint  

New Delhi: Trade leaders from various states are meeting in New Delhi on Friday to take stock of the situation post implementation of the goods and services and chalk out future working plan. Besides, to encourage more people to adopt digital technology, CAIT has suggested to the government to either exempt the accounting software from the GST for some specified …

GST: Businesses, traders assured of help
7 years, 8 months ago

GST: Businesses, traders assured of help

The Hindu  

Krishna Rao, Commissioner, Mysuru GST Commissionerate, has said that no queries from trade and businesses on the implementation of the Goods and Services Act will be left unattended to by officers of the Commissionerate during the major tax harmonisation exercise. Earlier, ‘GST Day’ was presided over by Mr. Rao, with former commissioner S. Rajkumar; Arjun Ranga, head, CII Mysuru Zone; …

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