Due date for filing GST Returns for period October - December is January 13 - GSTN
Listen to this Article
"Please bear with us and follow the date of 13.01.2021 for compliance. Inconvenience caused is regretted," the GSTN went on to add.
In December of last year, India recorded the highest ever GST revenue at Rs 1.15 lakh crore since the new tax system was introduced in 2017. According to official data, GST collections in December of 2020 were 12 per cent more than the corresponding period of the previous year.
The Government of India has gone on record to state that the increase in GST collections is the result of better compliance. In addition, authorities have also relied on data analytics to crackdown against fraud and evasion in a bid to plug leaks by examining audit trails.
Apart from the GST, gross tax collections in India also registered an increase of 23 per cent in November of last year. However, gross revenue for the period leading up to November 2020 was less than for the same period of the previous year.
Category : GST | Comments : 0 | Hits : 479
TEST
Dear Taxpayers, 1. GSTN is pleased to inform that an enhanced version of the GST portal would be launched on 3rd May 2024. The effort is to improve user experience and ensure that the information you need is accessible and easy to navigate. 2. Key Enhancements Include (PDF with screenshots attached): i. News and Updates Section: We have introduced a dedicated tab for all news and updates. This section now includes a bet...
The Supreme Court on Friday issued notices to the central government, the Central Board of Indirect Taxes and Customs (CBIC), the Goods and Services (GST) Council and the National Anti-Profiteering Authority (its functions have been taken over by the Competition Commission of India) on a petition challenging a Delhi High Court verdict, upholding the constitutional validity of anti-profiteering provisions filed by a real estate company. The petition, filed by Swati Realty, says the high court ...
The delectable Malabar Parota will taste even better with the Kerala High Court ruling that the popular flatbread will attract GST at 5 per cent and not 18 per cent. With this the court has turned down order by the State’s Authority of Advance Ruling (AAR) and Appellate Authority for Advance Ruling (AAAR). Disposing a petition by Kochi-based Modern Food Enterprises, a single judge bench of Justice Dinesh Kumar Singh said if key inputs (cereals, flour, starch, etc) and preparations are s...
A businessman from Delhi was taken into custody by the Noida police for his alleged involvement in a massive Rs 15,000 crore GST fraud that was exposed last year, TOI reported. Tushar Gupta, aged 39 and residing in Tilak Nagar, was arrested as the 33rd suspect in this case. The police revealed that Gupta had exploited input tax credit (ITC) using 35 fake companies, resulting in a loss of Rs 24 crore to the exchequer over the past two years. He was reportedly part of a syndicate that utiliz...


Comments