Source: https://taxguru.in/goods-and-service-tax/11-changes-gst-utilities-forms-gst-portal.html
♦ A taxpayer is suspended on the portal if they do not file six or more consecutive monthly returns /quarterly returns (QRMP) for two tax periods in Form GSTR 3B are issued with a system generated notice for cancellation in Form GST REG-17 for the returns pending to be filed up to the tax period October, 2022 for monthly and up to the September, 2022 quarter for QRMP. This process will be done periodically in the system.
Read MoreIn a step towards boosting the relationship between the Union and State Government, PM Modi will chair the National Conference of Chief Secretaries in Delhi on 6 and 7 January. This will be the second edition of such a conference with Chief Secretaries, the first such conference was held in Dharamshala in June 2022.
Read MoreIn the history of India, there have been critical junctures when the policy terrain saw significant reforms. The past few years make up a transformative period due to a series of major policy initiatives. The policies have spanned various socio-economic and legislative areas, some of the highlights being the implementation of Goods and Services Tax (GST),
Read MoreThe gross GST revenue collected during December 2022 is Rs 1,49,507 crore, of which CGST is Rs 26,711 crore, SGST is Rs 33,357 crore, IGST is Rs 78,434 crore (including Rs 40,263 crore collected on import of goods) and Cess is Rs 11,005 crore (including Rs 850 crore collected on import of goods).
Read MoreGST revenues rose by 15% in December 2022 to over ₹1.49 lakh crore, the Finance Ministry said on Sunday. "The gross GST revenue collected during December 2022 is ₹1,49,507 crore, of which CGST is ₹26,711 crore, SGST is ₹33,357 crore, IGST is ₹78,434 crore (including ₹40,263 crore collected on import of goods) and cess is ₹11,005 crore (including ₹850 crore collected on import of goods)," the ministry said in a statement. The monthly GST revenues more than ₹1.4 lakh crore for 10 straight months in a row
Read MoreNEW DELHI : Central and state governments collected around ₹1.5 trillion in Goods and Services Tax (GST) revenue in December, showing an improvement of 15% over what was collected in the same month a year ago, finance ministry said in a statement on Sunday.
Read MoreCentral and state governments collected ₹1.5 trillion in goods and services tax (GST) in December, up 15% from a year earlier, on higher sales of automobiles and a pick-up in services activity.
Read MoreCentre recently appointed the Ministry of Electronics and Information Technology (MeitY) as the nodal ministry for matters relating to online gaming with monetary risks. Now, as per a notice by the ministry, online companies may be required to practice self regulation.
Read MoreSource: https://www.livemint.com/economy/gst-council-decisions-kick-in-from-1-january-11672461447744.html
NEW DELHI: Several decisions related to Goods and Services Tax (GST), decisions signed off by the GST Council at its meeting earlier this month, will kick in from 1 January, showed a series of orders issued by the Central Board of Indirect Taxes and Customs (CBIC).
Read MoreSource: https://taxguru.in/goods-and-service-tax/live-input-tax-credit-gst-detailed-analysis.html
In The Current Environment, Input Tax Credit Is The Heart of Indirect Taxation. As Of Now We All Know That ITC Is The Most Crucial Part In GST Regime. If We Are Talking About Future Then We Can Say That Maximum Of The Litigations Will Arises Due To Input Tax Credit. After Considering All These Facts We Are Coming With A Live Course On Input Tax Credit.
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