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  • GST Panel to raise 5% slab to 6% to boost revenues
    Posted Date : 07-Dec-2019 , 07:53:29 am | Posted By CASANSAAR

    The Goods and Services Tax (GST) panel is mulling various methods to boost revenue collections, among which one suggestion is to raise the 5 percent tax slab to 6 percent, as per a Business Standard report. The slab-restructuring is expected to bring in additional revenue of Rs 1,000 crore per mo...

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  • CBIC withdraws GST circular on ITeS
    Posted Date : 06-Dec-2019 , 10:14:49 am | Posted By CASANSAAR

    The Central Board of Indirect Taxes and Customs (CBIC) has withdrawn a circular which created confusion on whether IT service providers can be qualified as intermediaries based on self-assessment under the goods and services tax (GST). The government has withdrawn circular in view of numerous repres...

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  • Practical Procedure to upload GSTR 9 and GSTR 9C
    Posted Date : 05-Dec-2019 , 10:40:01 am | Posted By CASANSAAR

    Practical Procedure to upload GSTR 9 and GSTR 9C (Practical Procedure to upload GSTR 9 and GSTR 9C explained by CA. Pradeep Gupta with CA. Rahul Jain)   https://youtu.be/n9Dbs55F8A8  Dont Forget to Like this video and SUBSCRIBE CA Sansaar YouTube Channel...

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  • Delhi HC stays interest levy on profiteered amount under GST
    Posted Date : 05-Dec-2019 , 10:09:55 am | Posted By CASANSAAR

    Delhi High Court on Wednesday stayed the applicability of interest levied on the profiteered amount relating to the Goods & Services Tax (GST). The same petition had also challenged the composition of National Anti-profiteering Authority (NAA). When a company is charged with profiteering, ...

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  • GST Council to review tax rates, exemptions
    Posted Date : 04-Dec-2019 , 09:16:51 am | Posted By CASANSAAR

    Federal indirect tax body, the Goods and Services Tax (GST) Council, will meet later this month to discuss various revenue raising measures including changes to GST rates and cess levied on select goods. The council meeting which is expected in the second half of December will be its first meetin...

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  • E Way Bill Blocking and unblocking under GST
    Posted Date : 03-Dec-2019 , 09:58:35 am | Posted By CASANSAAR

    E Way Bill Blocking and unblocking under GST. (E Way Bill Blocking and unblocking for non filers of GST Returns explained by CA. Rahul Jain.) https://youtu.be/CX248416jxo     Dont Forget to Like the video and SUBSCRIBE CA Sansaar YouTube Channel....

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  • Govt blocks GST e-way bill generation; move may impact 300,000 firms
    Posted Date : 03-Dec-2019 , 09:51:51 am | Posted By CASANSAAR

    Businesses of roughly 300,000 firms paying goods and services tax (GST) were likely impacted on Monday, as the government had blocked e-way bill generation for non-compliant assessees. These businesses had not filed their monthly GST Return (GSTR)-3B for two consecutive months. The government had...

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  • GST revenue collection crossed Rs 1 lakh Cr in Nov 2019
    Posted Date : 02-Dec-2019 , 09:24:28 am | Posted By CASANSAAR

    GST revenue collection crossed the Rs 1 lakh crore mark after a gap of three months in November with the revenue growing by 6 per cent to Rs 1.03 lakh crore in the month. The GST collection was Rs 95,380 crore in October while it was Rs 97,637 crore November 2018. Of gross Rs 1,03,492 crore in...

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  • Govt sets timeline for GST e-invoicing, trial to start January 1, 2020
    Posted Date : 29-Nov-2019 , 08:27:02 am | Posted By CASANSAAR

    The Government has come out with the timeline for the new e-invoicing system under GST and the limit of application for each category. Accordingly, it has been decided by the government that businesses having a turnover of Rs.500 crore or more would take up e-invoicing from January 1, 2020 on volunt...

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  • New offline Tools of GSTR-9 & GSTR-9C are likely to be available by 10th December 2019
    Posted Date : 28-Nov-2019 , 04:50:46 pm | Posted By CASANSAAR

    Government has made some changes in the forms of Annual Return (GSTR-9) and the Reconciliation Statement (GSTR-9C) vide Notification No. 56/2019 dated 14.11.2019. Accordingly, the changes in the application software and the offline tools are likely to be made available by 10th Dec. 2019....

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  • Job Work under GST - A Complete Analysis
    Posted Date : 28-Nov-2019 , 08:46:23 am | Posted By CASANSAAR

    Job Work under GST - A Complete Analysis (Job Work under GST - A Complete Analysis by CA. Bhavesh Mittal)   https://youtu.be/T6WJfamBI68   Dont Forget to LIKE the Video and SUBSCRIBE CA Sansaar YouTube Channel...

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  • GST authorities unearth racket involving Rs 140 Cr tax fraud
    Posted Date : 27-Nov-2019 , 09:49:49 am | Posted By CASANSAAR

    GST authorities have unearthed a tax racket and arrested one person for allegedly defrauding the government to the tune of about Rs 140 crore through fraudulent means. The Central Board of Indirect Taxes and Customs (CBIC) in a release said that the Central GST Delhi North Commissionerate has uneart...

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  • Procedure of e-Invoicing under GST
    Posted Date : 25-Nov-2019 , 09:45:32 am | Posted By CASANSAAR

    Procedure of e-Invoicing under GST (Procedure of e-Invoicing under GST explained by *CA. Pradeep Gupta*)   https://youtu.be/eYDUDruyJXc     Don't forget to Subscribe CA Sansaar YouTube Channel...

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  • 15th Finance Commission Chairman N K Singh calls for major changes in GST structure
    Posted Date : 23-Nov-2019 , 10:20:41 am | Posted By CASANSAAR

    The 15th Finance Commission Chairman N K Singh has called for major changes in the GST structure, including reducing the complicated procedures and also doing away with frequent rate changes, to improve collection. He also pitched for rationalization of Centrally- sponsored schemes.  Speakin...

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  • Five State Finance Ministers lash out at Centre over delay in GST compensation
    Posted Date : 21-Nov-2019 , 09:41:10 pm | Posted By CASANSAAR

    Five opposition-ruled states on November hit out at the Centre over delays in releasing GST compensation saying their finances are in dire strait due to delays. AAP-ruled Delhi, TMC-run West Bengal, Congress-ruled Punjab and Rajasthan and Left-run Kerala in a joint statement said compensation since ...

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  • HC issues notice to Centre over input tax credit denial to restaurants
    Posted Date : 20-Nov-2019 , 11:09:57 am | Posted By CASANSAAR

    The Gujarat High Court has issued a notice to the Centre seeking to know why the option of input tax credit under goods and services tax (GST) regime is not available for restaurants, unlike others. This was in response to a writ petition filed by Hardcastle Restaurants, which is the master franc...

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  • Streamlining of GST
    Posted Date : 20-Nov-2019 , 10:03:28 am | Posted By CASANSAAR

    Goods & Services Tax (GST) has replaced multi-layered, complex indirect tax structure with a simple, transparent and technology–driven tax regime which has integrated India into a single, common market by removing barriers to inter-State trade and commerce. GST has eliminated cascading ...

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  • GST portal crashes a day before monthly return deadline
    Posted Date : 19-Nov-2019 , 09:28:26 pm | Posted By CASANSAAR

    The GST portal crashed on Tuesday with only one day left to file the GSTR-3B return form. Unable to file their returns right before the GST deadline, thousands of taxpayers took to Twitter to complain about the perennial inconvenience they face while filing GST returns. Visitors to the GST portal...

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  • Issues in regards to Refund under GST and Resolution
    Posted Date : 19-Nov-2019 , 10:24:03 am | Posted By CASANSAAR

      Issues in regards to Refund under GST and Resolution. Queries answered by CA.Archana Jain with CA.Rahul Jain. https://youtu.be/cpwyCU5LQwM   Don't forget to Subscribe CA Sansaar YouTube Channel...

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  • Central GST Delhi-West Commissionerate unearthed racket of issuance of fake invoices
    Posted Date : 16-Nov-2019 , 02:18:41 pm | Posted By CASANSAAR

    Central GST Delhi-West Commissionerate has unearthed racket of issuance of fake invoices without actual supply of goods and services by M/s Royal Sales India and 27 other dummy companies.  Two persons have been arrested in this matter and remanded to judicial custody for 14 days by Duty Magistr...

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  • Racket of issuance of fake invoices involving GST of Rs 22 Cr busted
    Posted Date : 15-Nov-2019 , 04:45:14 pm | Posted By CASANSAAR

    Central GST Delhi North Commissionerate has unearthed a racket of issuance of fake invoices without actual supply of goods and services. Shri Naveen Mutreja and Shri Keshav Ram have been arrested in this matter and remanded to judicial custody for 14 days by the Chief Metropolitan Magistrate (CMM), ...

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  • Tax department seeks 18% GST levy on CEO, CXO Salaries
    Posted Date : 15-Nov-2019 , 09:20:07 am | Posted By CASANSAAR

    The government is working on a proposal to levy an 18 percent Goods and Services Tax (GST) on salaries of CEOs and CXOs of companies, sources told CNBC-TV18. A report by The Economic Times also said that top companies and banks are already being questioned by the tax department with respect to cr...

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  • GSTR-9 & GSTR -9C more simplified & last dates of submission extended
    Posted Date : 14-Nov-2019 , 04:22:37 pm | Posted By CASANSAAR

    The Government has decided today to extend the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2017-18 to 31 st December 2019 and for Financial Year 2018-19 to 31 st March 2020. The Government has also decided to simplify these forms ...

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  • Questions and Answers relating to GST Audit / GSTR 9C
    Posted Date : 13-Nov-2019 , 09:27:14 am | Posted By CASANSAAR

    Questions and Answers relating to GST Audit / GSTR 9C by CA.Rohit Vaswani with CA.Vivek Khurana.    https://youtu.be/fP0fuffxvgA   Don't Forget to  SUBSCRIBE CA Sansaar YouTube Channel.    https://www.youtube.com/channel/UC4-Bk3Aw5QKFpn9gw_vFJ...

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  • Over Rs 5,000 Cr dues declared so far in Sabka Vishwas Scheme
    Posted Date : 11-Nov-2019 , 10:06:25 pm | Posted By CASANSAAR

    More than Rs 5,000 crore worth dues have been declared so far under the government's 'Sabka Vishwas Scheme', which is for settling pending disputes of service tax and central excise. The Central Board of Indirect Taxes and Customs (CBIC) has asked its principal chief commissioners to ...

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  • DIN System of CBIC comes into existence from today
    Posted Date : 08-Nov-2019 , 09:19:42 am | Posted By CASANSAAR

    The Documentation Identification Number (DIN) system of Central Board of Indirect Taxes (CBIC) will come into existence from today. This path breaking system in indirect tax administration has been created as per the direction of Finance Minister Nirmala Sitharaman. Now, any CBIC communication will ...

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  • HC allows taxpayers to avail disputed pre-GST tax credits
    Posted Date : 06-Nov-2019 , 11:07:53 am | Posted By CASANSAAR

    An order from the Punjab and Haryana High Court has paved the way for carry forward of CENVAT credit and VAT input credits to the Goods and Services Tax (GST) regime for taxpayers who could not do so due to non-filing or incorrect filing of claims. While this order may be good news for thousands of ...

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  • Rs 95,380 crore gross GST Revenue collected in October
    Posted Date : 01-Nov-2019 , 03:57:43 pm | Posted By CASANSAAR

    The gross GST revenue collected in the month of October, 2019 is ₹ 95,380 crore of which CGST is ₹ 17,582 crore, SGST is ₹ 23,674 crore, IGST is ₹ 46,517 crore (including ₹ 21,446 crore collected on imports) and Cess is ₹ 7,607 crore (including ₹ 774 crore c...

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  • Gujarat HC serves notices on Govt, GST council for breach of refund norms
    Posted Date : 28-Oct-2019 , 09:27:42 am | Posted By CASANSAAR

    The Gujarat High Court has issued notices to the union government and the GST Council over the alleged breach of refund norms by field officers under the goods and services tax (GST) regime. Under the Rule 92 of the Central GST (CGST) Act, the claim of the refund has to be made in the RFD 04 form...

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  • Concessional GST Guidelines revised for purchase of Vehicle by Disabled
    Posted Date : 26-Oct-2019 , 10:12:20 am | Posted By CASANSAAR

    Department of Heavy Industry, Ministry of Heavy Industries & Public Enterprises, Government of India, in pursuance of Ministry of Finance Notification No. 14/2019-Integrated Tax Rate dated 30.09.2019, has notified the revised guidelines for availing the concessional rate of GST, for purchase of ...

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