February 17, 2020
GST Tax Structure

GST Council to discuss states compensation, review tax structure

Source: India Today The Goods and Services Tax (GST) Council is likely to meet soon to discuss the compensation paid to states for the loss of revenue after the implementation […]
February 13, 2020
GST Payment

Officials to recover ₹46,000 crores as late GST payment interest

Source: The Economic Times The Central Board of Indirect Taxes and Customs (CBIC) has asked tax officials to collect almost ₹46,000 crores as interest on account of delayed GST payment. […]
February 12, 2020
GST Compensation

GST compensation of ₹81,043 crore given to states for April-Sept

Source: The Hindu In a written reply to Rajya Sabha, Minister of State for Finance Anurag Singh Thakur said that the Centre has released ₹81,043 crore as GST compensation to […]
February 11, 2020
pre-GST-era

Amnesty scheme for taxpayers to settle dues of the pre-GST era

Source: telegraphindia.com To collect disputed taxes of pre-GST era such as VAT, central sales tax and entry tax, the Bengal government has introduced an amnesty scheme. According to the industry […]
February 10, 2020
GST-Council-to-revise-GST rates

Finance Minister: GST Council to revise GST rates once in a year

Source: Times of India The Finance Minister Nirmala Sitharaman on Sunday said that the Goods and Services Tax (GST) Council is set to revise tax rates of goods and services […]
February 8, 2020
New-GST-return-filing-system

New GST return filing system – Guide to ANX-1 & ANX-2

In its 31st meeting held on December 22nd, 2018, GST Council introduced a lot of changes to the existing GST return filing process. A new return filing system was introduced under […]
February 5, 2020
GST-compliance

Government to introduce a lottery system to boost GST compliance

Source: Economic Times In order to encourage customers to ask for bills while making purchases, the government is planning to introduce a lottery system under the Goods and Services Tax […]
February 4, 2020
due-date-for-filing-annual returns

CBIC has extended the due date for filing annual returns

Source: Economic Times The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline for filing the annual GST return forms – GSTR-9 and GSTR-9C for the financial […]
February 3, 2020
GST-revenu

GST revenue mop-up in January crosses ₹1 trillion-mark

Source: Business Standard Goods and Services Tax (GST) revenue mop-up in January has crossed the ₹1 trillion-mark for the third month in a row thanks to the anti-evasion measures taken […]
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