Non-filers of GST returns for two months to be barred from generating e-way bills from 21 June
5 years, 10 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, however, will be barred from generating e-way bill if they fail to file tax returns for two consecutive filing periods, which is six months. The Central Board of Indirect Taxes and Customs has notified 21 June, 2019, as the day from which any “consignor, consignee, transporter, e-commerce operator or courier agency” would be barred from generating electronic way or e-way bill for failure to file tax returns for the stipulated time period as mentioned in the GST rules. The Goods and Services Tax Network has put in place the IT system so that businesses which have not filed tax returns for the stipulated period would be barred from generating e-way bills.

Tax Businesses File Bill Gst Goods Returns Tax Returns Barred Generating 21 June  businesses  barred  bills  months  nonfilers  21  tax  bill  eway  gst  generating  goods  returns  file

History of this topic

GST Filing Deadline Extended by 2 Days Due to Technical Issues
2 months, 1 week ago

GST Filing Deadline Extended by 2 Days Due to Technical Issues

Deccan Chronicle  

New Delhi: The government on Friday extended the deadline for filing monthly goods and services tax or GST sales return form GSTR-1 and GST payment by 2 days after taxpayers reported technical glitches in the GSTN system. As per a notification by the Central Board of Indirect Taxes and Customs, the last date for filing GSTR-1 for December is January …

GST return filing and payment deadline extended by two days after technical snag hits GSTN system
2 months, 1 week 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 filing deadline extension under consideration after online portal's brief outage
2 months, 1 week ago

GST filing deadline extension under consideration after online portal's brief outage

Hindustan Times  

The Central Board of Indirect Taxes and Customs may consider giving an extension for filing Goods and Services Tax after the online portal was temporarily down on Friday, January 10, 2025. The GSTN added that the portal can be expected to be operational by 12:00 noon and that the CBIC is being sent an incident report to consider extension in …

GST filing delayed as portal glitches persist. Deadline extension expected
2 months, 1 week 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 …

Facing issues with GST portal? Govt likely to extend filing deadline for taxpayers
2 months, 1 week ago

Facing issues with GST portal? Govt likely to extend filing deadline for taxpayers

India TV News  

The Goods and Services Tax Network has identified major technical glitches with the GST portal, leading to discussions on a possible extension of GSTR-1 filing. Impact of GSTR-1 filing deadlines The last date for filing GSTR-1 for the December 2024 tax period is February 11, 2025, for regular taxpayers and February 13, 2025, for the Quarterly Return Monthly Payment scheme, …

Net GST growth slumps to 3.3% in December, as revenues slow and refunds rise 45%
2 months, 3 weeks ago

Net GST growth slumps to 3.3% in December, as revenues slow and refunds rise 45%

The Hindu  

India’s gross Goods and Services Tax receipts increased at the second-slowest pace in 43 months in December, while growth in net GST collections, after adjusting for refunds, slumped to 3.3%, the weakest in financial year 2024-25. Editorial: ​Selective indecision | on the GST Council’s 55th meeting, decisions December’s gross GST inflows, for transactions undertaken in November, were a tad under …

GST collections rise 7.3 pc to Rs 1.77 lakh cr in December
Top News
2 months, 3 weeks ago

GST collections rise 7.3 pc to Rs 1.77 lakh cr in December

Deccan Chronicle  

New Delhi: Goods and Services Tax collections rose by 7.3% to ₹1.77 lakh crore in December, maintaining figures above the ₹1.7 lakh crore mark for the tenth consecutive month. While higher than the ₹1.65 lakh crore collected in December 2023, it fell short of the record ₹2.1 lakh crore achieved in April 2024, according to government data released on Wednesday. …

Tax Weekly Round-Up [16th December - 22nd December 2024]
3 months ago

Tax Weekly Round-Up [16th December - 22nd December 2024]

Live Law  

SUPREME COURT Coconut Oil Classifiable As 'Edible Oil' For Central Excise Tariff; If Sold As Cosmetic, Taxable As 'Hair Oil' : Supreme Court Case : Commissioner of Central Excise, Salem v. M/s Madhan Agro Industries Ltd Case no. Delhi HC Delhi High Court Disallows Income Tax Dept From Adjusting Stayed Demand Towards Previous Refund Due To Nokia Case title: Nokia …

GSTR-9 simplified: Filing, features, deadlines and other details
3 months ago

GSTR-9 simplified: Filing, features, deadlines and other details

India Today  

GSTR-9 is the annual return to be filed by taxpayers registered under Goods and Services Tax, offering a comprehensive overview of sales, purchases, and the GST charged and paid during the financial year. GSTR-9 is mandatory for GST taxpayers with an aggregate annual turnover exceeding Rs 2 crore for the financial year 2023-2024. However, the following categories are exempt from …

GST Revenue Trends: A Rollercoaster Ride of Ups and Downs
4 months, 2 weeks ago

GST Revenue Trends: A Rollercoaster Ride of Ups and Downs

The Hindu  

GST revenue trends have been volatile this year, with growth in gross and net receipts exceeding that of the previous year's highest points, but falling short of the previous year's overall growth. While the year started with a strong surge in April, subsequent months have shown a decline in growth. The latest GST receipts indicate a positive trend, but it …

GST taxpayers without valid bank accounts to be barred from filing GSTR-1 from Septemer 1
6 months, 3 weeks ago

GST taxpayers without valid bank accounts to be barred from filing GSTR-1 from Septemer 1

The Hindu  

GST taxpayers who do not furnish bank account details to GST authorities will be barred from filing outward supply return GSTR-1 from September 1, GST Network has said in an advisory. As per GST Rule 10A, a taxpayer is required to furnish details of a valid bank account within a period of 30 days from the date of grant of …

A fresh start: On the Goods and Services Tax Council meet
8 months, 3 weeks ago

A fresh start: On the Goods and Services Tax Council meet

The Hindu  

The Goods and Services Tax Council was convened last week for the first time in nearly nine months. Apart from several industry-specific measures, a few of which will kick in with retrospective effect, the Council also opted to waive interest and penalty on tax dues for the first three years of GST, provided they are paid by March 2025. Beyond …

GST Council meeting today: Here are the five key expectations
9 months ago

GST Council meeting today: Here are the five key expectations

Live Mint  

New Delhi: Goods and Services Tax Council is meeting in the capital after over eight months to discuss indirect tax matters, including further strengthening the tax ecosystem to make it foolproof. Law change on scope of GST The Council is expected to clear the text of legislative amendments to Central, State and Integrated GST laws to exclude extra-neutral alcohol, the …

GST dilemma: The burden of related party transactions
9 months ago

GST dilemma: The burden of related party transactions

New Indian Express  

Introduction: The Goods and Services Tax marks a pivotal transformation in the landscape of taxation, fundamentally altering the way taxes are assessed and collected. Delving into its intricacies, particularly concerning Related Party Transactions, holds paramount importance for businesses endeavouring to navigate the realms of regulatory compliance and financial prudence effectively. GST implementation & Objectives: Introduced in India in July 2017, …

Move ahead: On GST and reform
9 months ago

Move ahead: On GST and reform

The Hindu  

Revenues from the Goods and Services Tax, which completes seven years at the end of this month, hit a record high of ₹2.1 lakh crore in April that typically sees higher inflows due to a year-end compliance rush. Although gross revenues from domestic transactions grew 15.3%, accelerating from a 13.4% rise a month earlier, revenues from goods imports dipped for …

GST Council to meet on June 22: What will be the agenda?
9 months, 1 week ago

GST Council to meet on June 22: What will be the agenda?

The Hindu  

The Centre has decided to convene a meeting of the Goods and Services Tax Council on June 22, eight-and-a-half months after its last meeting, the Finance Ministry said on June 13, 2024. At its last meeting held on October 7, 2023, the Council, headed by the Finance Minister, had initiated discussions on a “perspective plan” to impose a cess or …

Time Limit To Avail ITC Is Till 30th November In Each Financial Year From Beginning Of GST Regime: Kerala High Court
9 months, 2 weeks ago

Time Limit To Avail ITC Is Till 30th November In Each Financial Year From Beginning Of GST Regime: Kerala High Court

Live Law  

The Kerala High Court has held that the time limit to avail ITC is November 30th in each financial year from the beginning of the GST regime.The bench of Justice Dinesh Kumar Singh has observed that prior to the amendment in Section 39 by the Finance Act 2022, the date for furnishing the return under Section 39 was September 30th. …

GST collection rises 10% to ₹1.73 lakh crore in May
9 months, 3 weeks ago

GST collection rises 10% to ₹1.73 lakh crore in May

The Hindu  

The country's gross GST collections rose to ₹1.73 lakh crore in May, growing 10% year on year driven by increased revenues from domestic transactions, the finance ministry said on Saturday. After accounting for refunds, the net GST revenue for May 2024 stood at ₹1.44 lakh crore, reflecting a growth of 6.9% compared to the same period last year. The gross …

A reform window: On the GST trajectory
11 months, 3 weeks ago

A reform window: On the GST trajectory

The Hindu  

The financial year 2023-24 appears to have ended on a high on the revenue front. Net direct tax collections rose 19.9% by mid-March to hit 97% of revised Budget targets, while the Goods and Services Tax has yielded a robust ₹20.18 lakh crore. Gross GST revenues in March, for transactions undertaken in February, crossed ₹1.78 lakh crore, the second highest …

GST collections up 12.54% in February 2024
1 year ago

GST collections up 12.54% in February 2024

The Hindu  

India’s gross revenues from the Goods and Services Tax grew at a three-month high pace of 12.54% in February to cross ₹1.68 lakh crore, marking the fourth-highest monthly collections from the tax. February’s GST revenue growth reflected the third highest uptick in 2023-24 and lifted the total collections so far this year to ₹18.4 lakh crore, 11.7% above the same …

GST revenues rev up to second-highest ever in Jan.
1 year, 1 month ago

GST revenues rev up to second-highest ever in Jan.

The Hindu  

India’s Goods and Services Tax regime delivered its second-highest monthly revenues of ₹1,72,129 crore in January, as per data collected by Wednesday evening and shared by the Finance Ministry. In April 2023, GST collections had crossed a record ₹1.87 lakh crore aided by year-end compliances, while October had clocked a tad over ₹1.72 lakh crore which was the second-highest monthly …

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 …

GST collection crosses Rs 1.6 lakh for 6th time in current fiscal
1 year, 3 months ago

GST collection crosses Rs 1.6 lakh for 6th time in current fiscal

Deccan Chronicle  

New Delhi: Crossing the Rs 1.6 lakh crore mark for the sixth time in the current financial year, the goods and services tax or GST revenue collections for November 2023 jumped 15 per cent to nearly Rs 1.68 lakh crore on an annual basis. As per the statement, the GST revenue collection for November 2023 at Rs 1,67,929 crore records …

GST Act | Proceedings Ought Not To Be Initiated If Rectified Tax Invoices, E-Way Bills Produced Before Passing Detention Order: Allahabad HC
1 year, 4 months ago

GST Act | Proceedings Ought Not To Be Initiated If Rectified Tax Invoices, E-Way Bills Produced Before Passing Detention Order: Allahabad HC

Live Law  

The Allahabad High Court has held that once rectified/ correct tax invoices and e-way bills are produced before the authorities before passing of the detention/ seizure order, the proceedings under the Goods and Service Tax Act, 2017 ought not to be initiated. Vs. Union of India and others and M/s Bhumika Enterprises Vs. State of UP and others, the bench …

GST Evasion: Government expecting ₹50,000 crore mop-up on recovery of dues
1 year, 4 months ago

GST Evasion: Government expecting ₹50,000 crore mop-up on recovery of dues

Live Mint  

The Indian government is expected to recover ₹50,000 crore in evaded Goods and Services Tax in FY24, Business Standard reported. A substantial portion of this recovery is expected to come from incorrect claims of input tax credit by insurance companies, GST payments on expatriate services under the reverse charge mechanism, illicit clearances of tobacco products, and property transactions, the report …

GST | Circular Does Not Override Statutory Provisions: Allahabad High Court Quashes Demand Of Rs. 235 Crores Against Vivo Mobile
1 year, 5 months ago

GST | Circular Does Not Override Statutory Provisions: Allahabad High Court Quashes Demand Of Rs. 235 Crores Against Vivo Mobile

Live Law  

The Allahabad High Court has quashed demand of Rs. If the law were to be read otherwise, i.e., that the ITC claim may never arise unless the tax is first paid then, the second proviso to section 16 itself would be rendered otiose.” Further, placing reliance on Union of India v. Bharti Airtel Ltd. and Others, wherein the Supreme Court …

'File ITR at earliest as govt not contemplating extension of July 31 deadline'
1 year, 8 months ago

'File ITR at earliest as govt not contemplating extension of July 31 deadline'

Deccan Chronicle  

New Delhi: Revenue Secretary Sanjay Malhotra has asked income tax payers to file their return at the earliest as the finance ministry is not contemplating extension of the July 31 deadline. About 5.83 crore income tax returns were filed as on July 31 last year, the last day for filing returns for assessment year 2022-23. As per the Budget 2023-24, …

Bringing GST under PMLA could lead to tax terrorism
1 year, 8 months ago

Bringing GST under PMLA could lead to tax terrorism

Live Mint  

On July 8 the Indian government amended provisions of the Prevention of Money Laundering Act to allow the Enforcement Directorate and the Financial Intelligence Unit to share information with the GST Network. News reports have tended to view the development as the government bringing the GST Network under the purview of PMLA, complete with its arbitrary powers of investigation and …

GST Council aims to close gold loophole
1 year, 8 months ago

GST Council aims to close gold loophole

Live Mint  

The GST Council is likely to finalize rules next week for transporting gold and precious stones worth ₹2 lakh or more by merchants so that states can monitor their movement and prevent leakages in tax collection, a person familiar with the development said. According to the proposed rules, states will be at liberty to mandate GST-registered entities to report the …

Rs 15,000 crore tax evasion detected, over 4,900 fake GST registrations cancelled
1 year, 8 months ago

Rs 15,000 crore tax evasion detected, over 4,900 fake GST registrations cancelled

Op India  

On the 5th of July, a senior tax official stated that the GST authorities have cancelled over 4,900 fake GST registrations, since the 16th of May, 2023. He stated that in the drive against fake registration, till July 4, over 69,600 GST Identification Numbers have been selected for physical verification by field tax officers. Speaking at the ASSOCHAM’s National Conclave …

An incomplete reform: on six years of the Goods and Services Tax
1 year, 8 months ago

An incomplete reform: on six years of the Goods and Services Tax

The Hindu  

India’s tryst with the Goods and Services Tax, launched at a special midnight Parliament session with unusual fanfare, completed six years this month. Marking the occasion, Finance Minister Nirmala Sitharaman emphasised that the GST has moved the country towards a unified market from a situation where each State mandated different indirect tax structures and procedures, while inter-State borders were marked …

GST Mop-Up Rises 12% to Over Rs 1.61L Cr in June
1 year, 8 months ago

GST Mop-Up Rises 12% to Over Rs 1.61L Cr in June

Deccan Chronicle  

New Delhi: India's goods and services tax marked its sixth anniversary on Saturday, with the ministry of finance reporting that the gross GST revenue collection for June exceeded Rs 1.61 lakh crore, indicating a 12 per cent year-on-year growth. The ministry stated that the collection surpassed Rs 1.6 lakh crore for the fourth time since the inception of GST, maintained …

India's Gross GST Revenue Collection Up 12% in June
1 year, 8 months ago

India's Gross GST Revenue Collection Up 12% in June

Deccan Chronicle  

NEW DELHI: With India’s goods and services tax or GST having completed six years on Saturday, the ministry of finance said that India's gross GST revenue collection in June stood at over Rs 1.61 lakh crore, registering a 12 per cent growth year-on-year basis. However, the gross GST collection crossed Rs 1.6 lakh crore mark for fourth time since inception …

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, …

GST collections rise 11.5% to cross ₹1.57 lakh crore in May 2023
1 year, 9 months ago

GST collections rise 11.5% to cross ₹1.57 lakh crore in May 2023

The Hindu  

India’s gross Goods & Services Tax collections grew 11.5% in May — the slowest uptick in six months — to cross ₹1.57 lakh crore, with revenues from domestic transactions rising 11% and imports yielding 12% more taxes than a year ago. Sequentially, May’s revenues, for transactions undertaken in April, the first month of the new financial year, were the lowest …

At ₹1.87 lakh crore, GST continues to impress
1 year, 10 months ago

At ₹1.87 lakh crore, GST continues to impress

Hindustan Times  

April’s monthly collections for Goods and Services Tax – they track tax collections for the month of March – have come at an all-time high of ₹1.87 lakh crore. While part of the increase is just seasonality – March generally sees a higher tax collection because it is the last month in the fiscal year – it cannot be denied …

Finance Minister Nirmala Sitharaman asks CBIC to introduce automated GST scrutiny system by next week
1 year, 10 months ago

Finance Minister Nirmala Sitharaman asks CBIC to introduce automated GST scrutiny system by next week

India TV News  

New Delhi: Finance Minister Nirmala Sitharaman on Saturday asked the Central Board of Indirect Taxes & Customs to increase the taxpayer base and introduce an automated GST return scrutiny system by next week. The average gross monthly GST collection for 2022-23 stood at Rs 1.51 lakh crore and monthly GST revenue collections exceeded Rs 1.4 lakh crore for 12 months …

High GST collection reveals robustness of Indian economy
1 year, 11 months ago

High GST collection reveals robustness of Indian economy

Hindustan Times  

The government on Friday released Goods and Services tax collection data for the month of March, which has two important messages – the new indirect tax regime that was launched on July 1, 2017, has now undoubtedly matured; and the sustained buoyancy on the tax on consumption for 12 consecutive months despite global headwinds underscores the resilience of the Indian …

Tax transitions: The Hindu Editorial on GST revenue trends
2 years ago

Tax transitions: The Hindu Editorial on GST revenue trends

The Hindu  

The nearly ₹1.5 lakh crore of gross Goods and Services Tax collections in February are notable from several aspects. First, they mark the 12th successive month that GST revenues have stayed over ₹1.4 lakh crore, and the fourth highest single month kitty since the launch of the GST regime. The average monthly GST collections in the first 11 months of …

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 …

GST revenue up 15% to nearly ₹1.50 lakh crore
2 years, 2 months ago

GST revenue up 15% to nearly ₹1.50 lakh crore

Hindustan Times  

New Delhi: The Goods and Services Tax revenue in December 2022 recorded a 15.2% year-on-year jump at over ₹1.49 lakh crore — the third highest collection ever, crossing the ₹1.40-lakh crore benchmark for the 10th consecutive month — on robust business activities despite global headwinds. ₹1.5 lakh crore seems to be the new normal even after peak festive sales are …

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 …

Mandatory GST e-Invoicing For Firms Earning Over 5 Crore From Next Year
2 years, 5 months ago

Mandatory GST e-Invoicing For Firms Earning Over 5 Crore From Next Year

News 18  

Starting from January 1, 2023, businesses, with an annual turnover of more than Rs 5 crore, under the Goods and Services Tax, will have to move to e-invoicing. Manual data entry is also not needed for the generation of part-A of the e-way bills, as the information is passed directly by the IRP to the GST portal. E-invoicing B2B transactions …

GST Registration Cancellation: Madras High Court Directs Changes In Architecture Of GST Portal
2 years, 5 months ago

GST Registration Cancellation: Madras High Court Directs Changes In Architecture Of GST Portal

Live Law  

The Madras High Court has directed the GST department to take suitable steps by instructing GST Network, New Delhi to make suitable charges in the architecture of the GST Web Portal to allow the petitioners to file their returns and pay the tax/penalty/fine.The single bench of Justice Anitha Sumanth has noted that payment of tax, interest, fine/fee, etc. The Madras …

For sixth month in a row, GST revenues cross ₹1.4 lakh crore mark
2 years, 6 months ago

For sixth month in a row, GST revenues cross ₹1.4 lakh crore mark

The Hindu  

India’s gross revenues from the Goods and Services Tax were ₹1,43,612 crore in August, 28% higher than a year ago. This is the sixth successive month when GST revenues have been over the ₹1.4 lakh crore mark, the Finance Ministry said, stressing that GST collections have risen 33% till August this year, compared to the same period of 2021-22, and …

Supreme Court Allows 2-Months Extra Window For Availing Transitional Credit; Directs GSTN To Open Portal For TRAN-1/TRAN-2 Forms
2 years, 7 months ago

Supreme Court Allows 2-Months Extra Window For Availing Transitional Credit; Directs GSTN To Open Portal For TRAN-1/TRAN-2 Forms

Live Law  

In a relief to several assessees who missed the statutory deadline, the Supreme Court has directed the Goods and Services Tax Network to allow a 2-month additional window from September 1, 2022 to October 31, 2022 for claiming Transitional Credit.TRAN-1 and TRAN-forms were brought to allow assessees to carry forward pre-GST credits to the GST system. In a relief to …

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 …

CBIC Exempts Registered Person From Filing Annual Return Whose Aggregate Turnover In FY 2021-22 Is Upto Rs. 2 Crores
2 years, 8 months ago

CBIC Exempts Registered Person From Filing Annual Return Whose Aggregate Turnover In FY 2021-22 Is Upto Rs. 2 Crores

Live Law  

The Central Board of Indirect Taxes and Customs, on the recommendation of the GST Council, has exempted the registered person from filing an annual return whose aggregate turnover in the financial year 2021-22 is up to Rs. The Board has inserted a provision that the persons shall furnish a statement containing the details of self-assessed tax in FORM GST CMP-08 …

GST: No Need For FY22 Annual Return if Turnover Up To Rs 2 Crore; UPI Allowed For GSTN Payment
2 years, 8 months ago

GST: No Need For FY22 Annual Return if Turnover Up To Rs 2 Crore; UPI Allowed For GSTN Payment

News 18  

GST Council Recommendations Accepted: The government has exempted registered persons whose aggregate turnover in the financial year 2021-22 was up to Rs 2 crore from filing the annual return for the financial year. Jain said, “The government has granted the exemption to taxpayers with aggregate turnover of up to Rs 2 crore in FY 2021-22 from filing annual return for …

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