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  • Tax dept begins verifying pre-GST records, Notices sent
    Posted Date : 13-Apr-2018 , 08:33:53 am | Posted By CASANSAAR

    Taxpayers registered for goods and services tax (GST) have begun receiving notices from the tax department, asking them to produce documents for detailed verification of transitional credits claimed. The government had earlier identified top 50,000 assessees in terms of the claims for further analys...

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  • Clarification regarding GST on supply of food and drinks in educational institutions
    Posted Date : 12-Apr-2018 , 08:16:41 am | Posted By CASANSAAR

    With a view to remove any doubt or uncertainty regarding rate of GST applicable on supply of food and drinks in educational institutions, it is clarified that: - i. GST rate on supply of food and drinks in a mess or canteen in an educational institution attracts GST at 5% without INPUT Tax Credit...

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  • Roll-out of e-Way Bill system for Intra-State movement of goods in the 5 States from 15th April, 2018.
    Posted Date : 10-Apr-2018 , 10:05:57 pm | Posted By CASANSAAR

    As per the decision of GST Council, e-Way Bill system for all inter-State movement of goods has been rolled-out from 01stApril, 2018. E-way Bill system for Intra-State movement of goods in the State of Karnataka is also operational from the said date.  E-Way Bills are getting generated successf...

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  • Director of a company arrested for not paying GST
    Posted Date : 07-Apr-2018 , 09:21:24 am | Posted By CASANSAAR

    Central Goods and Services Tax (CGST) officials have arrested the director of a company in Navi Mumbai for allegedly failing to pay the GST and Service Tax. An official release said that CGST, Navi Mumbai Commissionerate arrested the director of M/s OTS E Solution Private Limited, Rajpal Singh, y...

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  • 5% Uniform rate of GST to apply in all railway catering services in trains or on stations
    Posted Date : 07-Apr-2018 , 08:53:10 am | Posted By CASANSAAR

    With a view to remove any doubt or uncertainty in the matter and bring uniformity in the rate of GST applicable to supply of food and drinks made available in trains, platforms or stations, it has been clarified with the approval of the competent authority that the GST rate on supply of food and dri...

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  • Government sets up an IT Grievance Redressal Mechanism to address the grievances of taxpayers due to technical glitches on GST Portal
    Posted Date : 04-Apr-2018 , 03:38:51 pm | Posted By CASANSAAR

    It has been decided by the Government to put in place an IT-Grievance Redressal Mechanism to address the difficulties faced by a section of taxpayers owing to technical glitches on the GST portal. In this regard, GST Council has delegated powers to an IT Grievance Redressal Committee to approve and ...

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  • More than 5 lakh GST e-way bills issued on Day 2 of rollout
    Posted Date : 03-Apr-2018 , 09:55:09 am | Posted By CASANSAAR

    GST e-way bill was off to a successful start with more than five lakh e-way bills generated till 7 pm on the first working day of its implementation. The roll-out of e-way bill without any glitches came as a relief to businesses who were fearing disruption to trade. With the successful rollout...

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  • Final Monthly collection figures of GST
    Posted Date : 03-Apr-2018 , 09:48:01 am | Posted By CASANSAAR

      The revenue collection figures under GST including CGST, SGST, IGST and cess for the period July 2017 – February 2018 paid in the period July 2017 – March 2018 is as follows:   (Figures in Rs. Crores) Month GST Collection ...

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  • Smooth Roll-out of E-way Bill System from today, 1st April, 2018
    Posted Date : 02-Apr-2018 , 09:14:21 am | Posted By CASANSAAR

    As per decision of the GST Council, e-Way Bill system became mandatory from today i.e. 01st April, 2018  for all inter-State movement of goods. The implementation of the nationwide e-Way Bill mechanism under GST regime is being done by GSTN in association with the National Informatics Centre (N...

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  • CBEC sanctions Rs 12700 Cr GST refund claims
    Posted Date : 01-Apr-2018 , 11:45:02 am | Posted By CASANSAAR

    The government has sanctioned GST refunds worth about Rs 12,700 crore or 80 per cent of the eligible claims of exporters, an official said today. The Central Board of Excise and Customs (CBEC) had organised refund facilitation camps in field offices between March 15-31 to assist exporters in fill...

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  • Clarification with respect to the E-way Bill System
    Posted Date : 01-Apr-2018 , 11:39:15 am | Posted By CASANSAAR

    The e-way Bill System for Inter-State movement of goods across the country is being introduced from 01st April 2018. Few clarifications regarding the new e-way bill system are as follows: Situation: -Consider a situation where a consignor is required to move goods from City X to City Z. He appoin...

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  • Govt asks businesses to register on e-way bill platform ahead of Apr 1 rollout
    Posted Date : 28-Mar-2018 , 08:42:05 pm | Posted By CASANSAAR

    Government has asked businesses and transporters to register on e-way platform as soon as possible with just three days left for the Electronic Way bill to roll out.  From the first of April, businesses would be required to present the e-way bill to a GST inspector for inter-state transporta...

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  • GST profiteering complaint form simplified - Fin Min
    Posted Date : 28-Mar-2018 , 10:08:54 am | Posted By CASANSAAR

    The Finance Ministry has simplified and reduced the number of columns in the complaint form to make it easier for consumers to report any profiteering activity by businesses post GST rollout.  The number of columns in the simplified single-page form have been slashed to 16, of which 12 field...

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  • GST revenue collections for February 2018 stand at Rs. 85,174 crore
    Posted Date : 27-Mar-2018 , 05:23:27 pm | Posted By CASANSAAR

    Total Revenue Collection under GST: The last date for filing of GSTR 3B return for the month of February 2018 was 20th March 2018. The total revenue received under GST for the month of February 2018(received in February/March upto 26th March) has been Rs. 85,174 crores. 1.05 crore taxpayers have ...

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  • Business with nil tax liability may get to file GST returns bi-annually
    Posted Date : 26-Mar-2018 , 08:34:24 am | Posted By CASANSAAR

    Businesses having zero tax liability for six consecutive months under GST may soon get relief once the proposal to allow such entities to file returns only twice a year gets the GST Council’s nod. According to recent data, as much as 40 per cent of return filers under the Goods and Services...

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  • Over 68000 companies registered in 8 months post GST - MCA
    Posted Date : 25-Mar-2018 , 10:12:10 am | Posted By CASANSAAR

    More than 68,000 companies have been registered in eight months following the implementation of the Goods and Services Tax (GST) regime, Union Minister P P Chaudhary said.  GST --the biggest tax reform-- was rolled out from July 1, 2017.  "The total number of companies registere...

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  • GST - Clarity on E-Way Bill
    Posted Date : 22-Mar-2018 , 10:59:29 am | Posted By CASANSAAR

    Government has received various representations from Association of Exporters as well as Corporate Bodies seeking clarity on e-way bill regarding movement of goods from dry-ports to sea ports and from SEZs within the zone. Some of the queries regarding applicability of e-way bill provisions are as b...

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  • States Exempted from Tax Refund after GST
    Posted Date : 22-Mar-2018 , 10:57:31 am | Posted By CASANSAAR

      The North Eastern and Hilly States have not been provided exemption from tax refund till March, 2027 under GST. The GST Council in the meeting held on 30.09.2016, had decided that all entities exempted from payment of indirect tax under the then existing tax incentive scheme shal...

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  • GST on Skill Development, Start-Ups and Tourism
    Posted Date : 22-Mar-2018 , 10:56:10 am | Posted By CASANSAAR

      All kinds of representations received from the trade and industry (including start-ups) regarding GST rates on services have been deliberated in the Fitment Committee. Government has exempted various kinds of services in relation to skill development. Decision pertaining to rates of GST an...

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  • Punjab waives its share of GST on langar at key shrines
    Posted Date : 21-Mar-2018 , 09:16:33 pm | Posted By CASANSAAR

    Chief minister Amarinder Singh on Wednesday announced waiver of the state government’s 50% share in the Goods and Services Tax (GST) on community kitchen (langar) at Golden Temple, Durgiana Temple, Bhagwan Valmiki Tirath and key shrines of the other communities. The Punjab assembly also una...

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  • CBEC to verify GST transitional credit claims of 50000 taxpayers
    Posted Date : 19-Mar-2018 , 08:42:33 pm | Posted By CASANSAAR

    In order to check "frivolous and fraudulent" tax credit claims by businesses, the CBEC has decided to verify demands of top 50,000 tax payers claiming maximum GST transitional credit, starting with those where the quantum exceeds Rs 25 lakh.  The verification of "unreasonable&...

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  • HC seeks govt response on plea challenging a GST rule
    Posted Date : 18-Mar-2018 , 09:13:01 pm | Posted By CASANSAAR

    The Delhi High Court has sought response of the Centre and the Goods and Services Tax (GST) Council on a Bajaj Auto dealer's plea challenging constitutionality of a GST rule which provides a time line for filing the form to claim input tax credit.  A bench of justices S Ravindra Bhat and...

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  • Only 16% of initial GST returns filed for July-Dec matched with final returns
    Posted Date : 18-Mar-2018 , 10:53:53 am | Posted By CASANSAAR

    With only 16 per cent of the summary sales returns under GST matching with the final returns, the revenue department has started to analyse major gaps with a view to check any possible tax evasion. According to the GST returns data, 34 per cent of businesses paid Rs 34,400 crore less tax between ...

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  • Indian GST is one of the most complex tax systems in the World - World Bank
    Posted Date : 16-Mar-2018 , 08:38:43 pm | Posted By CASANSAAR

    The Indian Goods and Services Tax (GST) system is among the most complex in the world with not only one of the highest tax rates but also one of the largest number of tax slabs, the World Bank has said. It added that India has the highest standard GST rate in Asia, and second highest in the world...

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  • Division of assesses under GSTN
    Posted Date : 13-Mar-2018 , 08:38:30 pm | Posted By CASANSAAR

    The division of assesses between Centre and State is decided by the Centre and State Governments. GSTN got an application developed using which Central and State tax authorities have uploaded the data on allocation of migrated taxpayers in the GST System database. As on 8th March, 2018 data on divis...

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  • Recommendations made during the 26th meeting of the GST Council held in New Delhi
    Posted Date : 11-Mar-2018 , 09:22:39 pm | Posted By CASANSAAR

    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. A new model was discussed extensively and Group of M...

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  • Recommendations regarding E-way Bill made during meeting of the GST Council
    Posted Date : 11-Mar-2018 , 09:21:06 pm | Posted By CASANSAAR

    In the 26th meeting held here,  the GST Council has recommended the introduction of e-way bill for inter-State movement of goods across the country from 01st April 2018. For intra-State movement of goods, e-way bill system will be introduced w.e.f. a date to be announced in a phased manner but ...

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  • 26th Meeting of the GST Council meets & decides Extension of tax exemptions for exporters for six months
    Posted Date : 11-Mar-2018 , 09:19:07 pm | Posted By CASANSAAR

    Sending a strong positive signal to the exporting community, the GST Council in its 26thmeeting held here today decided to extend the available tax exemptions on imported goods for a further 6 months beyond 31.03.2018. Thus, exporters presently availing various export promotion schemes can now conti...

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  • GST Council Approves Staggered Rollout of E-way Bill from April 15
    Posted Date : 10-Mar-2018 , 03:22:17 am | Posted By CASANSAAR

    The GST Council on Saturday has approved staggered rollout of the intra-state e-Way Bill from April 15. The states have been divided into four lots for the rollout. Sources said Kerala, Karnataka, Tamil Nadu are likely to initiate the rollout. The GST Council meet, chaired by Finance Minister Aru...

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  • Over one crore taxpayers registered under GST - Govt
    Posted Date : 10-Mar-2018 , 09:10:28 am | Posted By CASANSAAR

    Over one crore taxpayers have registered under the Goods and Services Tax (GST), which was rolled out from on 1st of July last year. The GST has subsumed over a dozen local taxes, including Excise Duty, Service Tax and VAT.  Minister of State for Finance Shiv Pratap Shukla, in a written repl...

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