The deadline for filing annual return for the first year of GST rollout was extended till 30 JuneLast minute GST return filings by a large number of businesses and merchants had led to glitches in the GSTN portal in 2017
1 min read4 Jun 2019The CBIC, under the Finance Ministry, said trade and industry had expressed apprehension relating to 20 October due date for claiming ITC under GST for July 2017-March 2018
1 min read21 Oct 2018If a taxpayer forgets to claim input tax credit for an invoice pertaining to 2017-18, the time limit for availing it is the due date for the September 2018 GST returns
1 min read10 Sep 2018The GSTR 9 and GSTR 9C annual returns forms will facilitate matching of input tax credits by tax authorities,thereby curbing tax evasion
1 min read4 Sep 2018About 6.6 million GST returns (referred to as GSTR 3B) have been filed up to 31 July compared to 6.46 million GST returns filed in June
1 min read1 Aug 2018Refrigerator, washing machine, small screen TV, storage water heaters, paints and varnishes, will attract 18% GST as against 28% at present, while sanitary napkins have been exempted from the levy
3 min read22 Jul 2018Alike small businesses who are making mistakes while filing GST returns, multinationals and big corporates too have slip-ups
1 min read27 Jun 2018The proposed GST changes will do away with filing returns under GSTR2 and GSTR3, modify the composition scheme, and eliminate ambiguities in the laws
1 min read12 Jun 2018The complexity of the structure of goods and services tax structure has reduced the potential economic benefits
3 min read5 Jun 2018GST collection in May are down from a record Rs1.03 trillion collected in April but higher than the monthly average of Rs89,885 crore in 2017-18
1 min read1 Jun 2018The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared