January 24, 2020

Modest revenue target expected in Budget 2020 due to low GST mop-up

Source: The New Indian Express Due to the ongoing economic slowdown, lower than expected mop-up in GST and direct taxes, a cut in corporate tax, the government is likely to […]
January 23, 2020
Filing of GSTR 3B

Finance Ministry staggers filing of GSTR-3B to ease system load

Source: pib.gov.in After constant complaining from taxpayers of technical glitches in filing the monthly summary GST returns (GSTR-3B), the Finance Ministry on Wednesday said that it would allow the filing […]
January 22, 2020
GST Returns Filing

Over 65 lakh GST returns filed till January 20: GST Network

Source: Economic Times On Tuesday, the Central Board of Indirect Taxes and Customs (CBIC) said that a total of 65.65 lakh GSTR-3B returns have been filed for the month of […]
January 15, 2020
GST Compliance

Anti-profiteering body to start GST compliance drive

Source: Livemint In the next three months, the National Anti-profiteering Authority (NAA) is expected to issue a wave of orders, in line with the Centre’s drive to boost Goods and […]
January 10, 2020
GST and KYC compliance

FinTech industry wants relief in GST and KYC compliance for small loans

Source: Financial Express Financial Technology (FinTech) industry plays a crucial role in improving access to financial services products across the country. Some of the factors responsible for the surge in […]
January 9, 2020
GST Audit

Government to begin GST audit for FY18; first set of notices sent

Source: Economic Times For the first time, after almost three years of implementation of Goods and Services Tax (GST), authorities have started issuing notices for the audit of assessees to […]
January 8, 2020
National GST Conference

2nd National GST Conference held for curbing evasion and augment revenue

Source: pib.gov.in Under the chairmanship of Revenue Secretary Ajay Bhushan Pandey, 2nd National GST Conference was held on Tuesday of the Chief Commissioners of Central Tax and Commissioners of State Tax. […]
January 7, 2020
e-wallet scheme

FIEO says the delay in e-wallet scheme is unfortunate

Source: smetimes.in On Monday, the industry body Federation of Indian Export Organizations (FIEO) termed the delay in e-wallet scheme as unfortunate. The scheme has not been in operation yet, which […]
January 6, 2020
GST compensation

States to face revenue gap of over ₹1 trillion post GST compensation withdrawal

Source: Livemint A report published by the economic think tank NIPFP says that the states might be facing a shortage of up to ₹1.23 Lakh Crore in consolidated revenue on […]

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