Category: GST On Trust

CBIC & CBDT sign MoU to facilitate smoother bilateral exchange of data

July 23, 2020 Chandan Tiwari No Comments

A Memorandum of Understanding (MoU) was signed between the Central Board of Direct Taxes (CBDT) and the Central Board of Indirect Taxes and Customs (CBIC) today, for data exchange between the two organisations. The MoU was signed by Shri Pramod Chandra Mody, Chairman, CBDT, and Shri M. Ajit Kumar, Chairman, CBIC, in the presence of senior officers…

CBIC, Government Business, GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Income Tax, Media

Finance Minister: Strive to make GST Tax Administration simple ensuring Ease of Doing Business

July 2, 2020 Chandan Tiwari No Comments

GST Day, 2020 or third anniversary of introduction of GST was marked by CBIC and all its field offices across India on July 01, 2020. GST has been instrumental in Breaking Barriers to build an AatmaNirbhar Bharat and taking forward the motto of One Nation One Tax One Market. Considering the COVID pandemic most of…

Aatma Nirbhar Bharat, GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Marketing, Media, Uncategorized

Government to roll out facility to file NIL Form GSTR-1 through SMS from first week of July

June 29, 2020 Chandan Tiwari No Comments

In a major move towards GST taxpayers’ facilitation, the Government has decided to provide the facility of SMS filing of NIL statement of FORM GSTR-1from 1st week of July 2020. The Central Board of Indirect Taxes and Customs (CBIC) said that the filing of NIL statement in FORM GSTR-1 also through SMS would substantially improve ease…

GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Marketing, Media

Reduction in late fee for past GST Return

June 13, 2020 Chandan Tiwari No Comments

The 40th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today . The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers of the Ministry of…

GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Marketing, Media, Uncategorized

Revoke TDS deduction for e-commerce firms: IAMAI

May 28, 2020 Chandan Tiwari No Comments

The Internet and Mobile Associates of India(IAMAI) said that the tax deducted at souce (TDS) application for all product and service ecommerce firms needed to be revoked by the government. TDS, Which was introduced by through Section 194-0 of the Income Tax (I-T) act under the Finance Act 2020, mandated the deduction of 1% for…

Aatma Nirbhar Bharat, GeM Portal, Government Business, GST, GST Intelligence, GST On Trust, Income Tax, Marketing, Media, MSME

GST Revenue Collection for March, 2020

April 9, 2020 Chandan Tiwari No Comments

The gross GST revenue collected in the month of March, 2020 is Rs. 97,597crore of which CGST is Rs. 19,183 crore, SGST is Rs. 25,601 crore, IGST is Rs. 44,508 crore (including Rs. 18,056 crore collected on imports) and Cess is Rs. 8,306 crore (including Rs. 841 crore collected on imports). The total number of GSTR-3B Returns filed for the month of February up to 31st March, 2020 is 76.5 lakh. The government has settled Rs….

GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Marketing, Media, MSME

Finance Minister announces several relief measures relating to Statutory and Regulatory compliance matters across Sectors in view of COVID-19 outbreak.

March 30, 2020 Chandan Tiwari No Comments

The Union Finance & Corporate Affairs Minister Smt. Niramla Sitharaman today announced several important relief measures taken by the Government of India in view of COVID-19 outbreak, especially on statutory and regulatory compliance matters related to several sectors. While addressing the press conference through video conferencing here today, Smt. Sitharaman announced much-needed relief measures in…

E-Assessment, GeM Portal, Government Business, GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Income Tax, Marketing, MCA, Media, MSME, NCSRA, Society & NGO, Startup

Recommendations of GST Council related on IT Roadmap.

March 16, 2020 Chandan Tiwari No Comments

The 39th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman here today. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and seniors officers of the Ministry of Finance. In the GST…

GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Media, MSME

Recommendations of GST council related to law & procedure.

March 16, 2020 Chandan Tiwari No Comments

The 39th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman here today . The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and seniors officers of the Ministry of Finance. The GST…

GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust, Marketing, Media, MSME, Startup

Provision for Quarterly Payment of GST by MSMEs.

March 3, 2020 Chandan Tiwari No Comments

The Small and Medium sector companies now get the benefit of the new return model under GST which ensures quarterly filing of returns for those taxpayers whose annual aggregate turnover in the preceding Financial year does not exceed Rs.5 crore. Department of Revenue have informed that there is no such proposal at this stage. Quarterly…

GST, GST Advance Ruling Authority, GST Intelligence, GST On Trust