12 Aug 2022 05:44 PM
New

New Functionalities for Taxpayers on GST Portal (July, 2022)

Source: https://taxguru.in/goods-and-service-tax/functionalities-taxpayers-gst-portal-july-2022.html

Earlier only a single Trade Name was being captured during New Registrations and subsequent amendment in core field for Normal Taxpayer on the Portal.
Now taxpayers have been provided with an option to provide up to 9 additional trade names for a single GSTIN registration through core field amendment. The Taxpayer can upload supporting document for trade name of size 5 MB. Both these new fields will be kept optional.

12 Aug 2022 05:49 PM
New

CGST Mumbai (South) Commissionerate busts Rs. 455 Crore fake GST invoice racket

Source: https://taxguru.in/goods-and-service-tax/cgst-mumbai-south-commissionerate-busts-rs-455-crore-fake-gst-invoice-racket.html

CGST Mumbai (South) Commissionerate busts Rs. 455 Crore fake GST invoice racket – One person Arrested

10 Aug 2022 04:58 PM
New

Fast track recovery of tax arrears: Parliamentary panel to revenue department

Source: https://www.livemint.com/news/india/fast-track-recovery-of-tax-arrears-parliamentary-panel-to-revenue-department-11660053972338.html

NEW DELHI : The revenue department should make a concrete blueprint for clearing the backlog of tax arrears that has soared to ₹21 trillion, a Parliamentary panel has told the Revenue Department in the just concluded monsoon session, official documents showed.

10 Aug 2022 05:32 PM

Option in Form RFD-01 to get refund arising out of excess payment in GSTR 4

Source: https://taxguru.in/goods-and-service-tax/option-form-rfd-01-refund-arising-excess-payment-gstr-4.html

Option in Form RFD-01 to get refund arising out of excess payment in GSTR 4, for Taxpayer under Composition levy

10 Aug 2022 05:35 PM

Functionality to search and view Advance Ruling Orders under GST

Source: https://taxguru.in/goods-and-service-tax/functionality-search-view-advance-ruling-orders-gst.html

♦ Earlier, there was no functionality available to search for the Advance Ruling Orders issued by the Authority / Appellate Authority for Advance Ruling.

10 Aug 2022 05:39 PM

10 recent policy measures to curb GST evasion by fraudulent persons

Source: https://taxguru.in/goods-and-service-tax/10-recent-policy-measures-curb-gst-evasion-fraudulent-persons.html

(a) the details of the number of registered dealers coming under the Centre who did not pay a single rupee or paid very less as tax under the Goods and Services Tax (GST) since its implementation, State-wise;

10 Aug 2022 05:42 PM

No GST on ‘Sarais’ run by religious/charitable trusts

Source: https://taxguru.in/goods-and-service-tax/gst-sarais-run-religious-charitable-trusts.html

GST has recently been imposed with effect from 18 July, 2022. Certain sections of the media and social media are spreading the message that GST has recently been imposed with effect from 18 July, 2022 even on ‘Sarais’ run by religious/charitable trusts. This is not true. The correct position is detailed below:

10 Aug 2022 05:46 PM

GST Council Newsletter for the month of July, 2022

Source: https://taxguru.in/goods-and-service-tax/gst-council-newsletter-month-july-2022.html

The gross GST revenue collected in the month of July, 2022 is ₹1,48,995 crore of which CGST is ₹25,751 crore, SGST is ₹32,807 crore, IGST is ₹79,518 crore (including ₹41,420 crore collected on import of goods) and cess is ₹10,920 crore (including ₹ 995 crore collected on import of goods). This is second highest revenue since introduction of GST.

10 Aug 2022 05:51 PM

GST payable on interest component of EMI of Credit Card loan: Calcutta HC

Source: https://taxguru.in/goods-and-service-tax/gst-payable-interest-component-of-emi-credit-card-loan-calcutta-hc.html

HIGH COURT OF CALCUTTA: Ramesh Kumar Patodia v. Citi Bank [WPO NO. 547 OF 2019 JUNE 24, 2022 ]

10 Aug 2022 06:11 PM

GST on Wet Grinders

Source: https://taxguru.in/goods-and-service-tax/gst-wet-grinders.html

(a) whether the Government proposes to consider reducing the Goods and Services Tax (GST) rate of 18 per cent on wet grinders as most of the Micro, Small and Medium Enterprises are hugely affected by this GST increase;