Nirmala resists pleas to extend GST and Income Tax deadlines
The Union Finance Ministry has dug in its heels against petitions to postpone the last date for filing several returns,…
Category: GST News
Traders urge Finance Minister, GST council to modify new ITC restriction
Trading community on Sunday urged Union Finance Minister Nirmala Sitharaman and Goods and Goods and Services Tax (GST) Council to…
45,000 taxpayers to come under ambit of mandatory 1% cash payment of GST liability
The mandatory requirement of 1 percent cash payment of GST liability with effect from January 1 would be applicable to about 45,000…
GST : CAIT urges FM to defer rollout of new Rule 86B laying ITC restriction
According to the rule, businesses with over ₹50 lakh monthly turnover will have to pay at least 1% of their GST…
Is the last date for filing annual GST returns for FY20 extended to March 31?
Yesterday night a news was published in hindubusinessline.com wherein it was stated that the last date of filing annual GST…
FM likely to extend deadlines for GSTR 9A & 9C for FY 2018-19 & 19-20 & ITR AY 20-21 & income tax audit
As per tweet of CNBC TV 18 Finance Ministry had received many representations to extend deadlines for GSTR-9A & 9C…
Three Arrested Over Multi-Crore GST Fraud In Cuttack
The Enforcement Squad of Goods and Services Tax (GST) has arrested three persons for allegedly cheating government to tune of…
FICCI plea for abolition of anti-profiteering provisions in GST law
This is to allow market forces to determine prices of goods and service Industry body FICCI has called for abolition of anti-profiteering provisions in…
Punjab short by Rs 9044 crore of targeted GST revenue
Hit hard by the Covid-19 induced lockdown and the central government stepping back from its commitment on the Goods and…
DGGI Nagpur busts fake GST invoice racket: 4 persons arrested
The Directorate General of GST Intelligence (DGGI) said it has busted fraudulent transactions of Rs 621.60 crore, including fake input…
Reform linked borrowing permissions are facilitating Ease of Doing Business reforms
5 States completed stipulated reforms in Ease of Doing Business Additional borrowing permission of Rs.16,728 crore granted Linking the grant…
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