As per the changes in the GST law effective January 1, GST officers were allowed to directly initiate recovery action against those errant businesses which showed higher sales in monthly return GSTR-1 but under-report it while tax payment in GSTR-3B.
Read MoreSource: https://taxguru.in/goods-and-service-tax/gst-newsletter-december-2021.html
GST Newsletter for December 2021 GST Council Secretariat, New Delhi Existing GST rates in textile sector to continue beyond 1st January, 2022
GST Newsletter for December 2021 GST Council Secretariat, New Delhi Existing GST rates in textile sector to continue beyond 1st January, 2022 The 46 meeting of the GST Council was held on 31.12.2021, in New Delhi under the Chairpersonship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman.
Source: https://taxguru.in/goods-and-service-tax/functionalities-taxpayers-gst-portal-december-2021.html
New Functionalities for Taxpayers on GST Portal in December, 2021
Read more at: https://taxguru.in/goods-and-service-tax/functionalities-taxpayers-gst-portal-december-2021.html
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Rajasthan VAT – ITC Mismatch/ Verification Date Extended to 31.03.2022 & In some cases requirement of Affidavit also Removed vide Notification No. F.16 (100)Tax/CCT/14-15/1039 Dated January 03,2022.
Read more at: https://taxguru.in/goods-and-service-tax/rajasthan-vat-itc-mismatch-verification-date-extended-31-03-2022.html
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Functionalities for uploading appeal filed by Taxpayer for GST cases before High Court / Supreme Court and uploading Cross-objections filed by Taxpayer against appeal before Appellate Tribunal for GST cases are available in CBIC-GST application for the officers. Advisory No. 02/2022 dated 03.01.2022 and related user manuals are available in Antarang portal.
Read more at: https://taxguru.in/goods-and-service-tax/cbic-release-4-functionalities-related-apl-04-drc-07-gst-appeals.html
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Source: https://taxguru.in/goods-and-service-tax/functionalities-taxpayers-gst-portal-december-2021.html
New Functionalities made available for Taxpayers on GST Portal in December, 2021
Read MoreShri Piyush Goyal thanks the Prime Minister for the decision to defer the increase of GST slab from 5% to 12% for Textiles sector while addressing All India Textiles Association
Read MoreThane CGST Commissionerate busts Rs. 22 crores fake GST Input Tax Credit racket
Read MoreSource: https://taxguru.in/goods-and-service-tax/credit-gstr-3b-appears-gstr-2b.html
Ahilya Chamber of Commerce & Industry has made a representation to Finance minister and bring to her attention Problems That Taxpayer May Face Due To Recently introduced amendment allowing credit in GSTR 3B only if the same appears in GSTR 2B and due to Visit by GST authorities and attachment of Bank Accounts/Property
Read MoreSource: https://taxguru.in/goods-and-service-tax/consumer-welfare-fund-board-rule-97-7a-cgst-rules-2017.html
Consumer Welfare Fund made available to Board under Rule 97(7A) of the CGST Rules, 2017
(Management & Administration)