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GST Amendments in Budget 2021

Finance Bill 2021: Brief Details of All Major GST Amendments

The budget 2021, which was announced by the Finance Minister on Feb 1, 2021, proposed many changes in a range of finance sectors. The sectors which were affected the most by the recent Indian budget are taxation, personal finance, pensioners, etc. A number of proposals for amendment in certain GST rules were also proposed by […]

GST: More Than INR 2 Trillion Compensation in Past 9 Months to States

The union government has given Rs 84k cr till date to states beneath the specific borrowing window to bridge up the GST shortfall, while the provisional consideration of the GST stands at Rs 2.06 lakh cr amid April-November 2020. The GST consideration of Rs 40k cr has been furnished towards the states and UTs so […]

Recent Changes Under GST Regime

Know Some Strict Rules After the Latest GST Amendments for Biz

The Union Budget 2021 proposed some amendments to the GST Act, and the effect started to reflect as the rules will become more stringent to allow input tax credit. Santosh Kumar Gupta, tax expert, in a seminar organized on the amendment of GST law of Tax Bar Association on Thursday said that “the tax payable […]

Disciplinary Proceedings for CAs

ICAI Starts Disciplinary Procedures Against CAs in GST Fraud Case

CA Institute has conducted strict proceedings with respect to 8 Chartered accountant who has caught in the nationwide campaign upon bogus GST invoice frauds in the last two and half months from Nov 2020. Allowing this move Mr. Atul Kumar Gupta president Institute of Chartered Accountants of India (ICAI), said that the revenue department’s letter […]

Technical Glitches on the Official GST Portal

Taxpayers Worry About GST Filing Technical Errors on the Portal

On Thursday GST portal has seen some technical failure which makes the assessee worried about the last date for GST filing View the due dates of GST return filing forms of GSTR 1, GSTR 3B, GSTR 4, GSTR 5, GSTR 6, GSTR 9, GSTR 9C, etc. The dates are according to the Indian Govt announcement. […]

CAIT MH Against GST Unfair Provisions and FSSAI Acts

CAIT MH Tables E-Commerce Issues, Unfair GST Provisions & FSSAI Acts

The trader’s community has ordered to launch the nationwide distress to abolish the unfair provision of the Food Safety and Standards Authority (FSSAI) Act and the alterations to the Goods and Services Tax (GST) act. This is implemented in the Maharastra statewide summit which has been conducted through the Apex body of traders- Confederation of […]

CGST Dept Show Cause Notice for FY 2015-16

CA Association Alleges Illegal FY2015 Show Cause Notice by GST Dept

A show-cause notice is given by the Central goods and services tax (CGST) council in the Fiscal year 2014-15 for the difference in receipts according to the tax return and income tax return in big volume excluding going into the statutory along with furnishing the important ones as mentioned in the act about SCN and […]

New Changes in GSTR 9 and 9C for FY 2019-20

GSTR 9 & 9C Form Changes for GST Audit in FY 2019-20 with Last Year Comparision

For Financial Year 2017-18 and 2018-19, a registered taxpayer will have the option to upload details for the duly signed entries in Table 8A to 8D in PDF format in form GSTR-9C (without CA certification). For FY 2019-20 the details of form GSTR-2A prepared by November 1, 2020, will be fetched in this table. Table […]

Know All Govt Steps to Control Fake GST Registrations

Is Govt in Form to Stop Fake GST Registrations? Check All Steps

The government is taking the actions with respect to the declarations done by the GST department written in Notification No. 94/2020 – Central Tax, which notifies the CGST (Fourteenth Amendment) Rules, 2020. The GST enrollment concerned procedure is changed by the notification besides providing extensive authority to cancel or suspend the existing enrollment of the […]

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