News and Updates

GSTN has said the company will try to ensure that stakeholders become fully familiar with the technology system before the re-rollout of the e-way bill system. Under the Goods and Services and Tax, which was rolled out from July 1 last year, transporters of goods worth more than Rs 50,000 are required tocarry electronic or …

The government appointed panel on GST returns under GSTN chairman Ajay Bhushan Pandey will meet industry and traders to seek their views on simplification of return filing process. The committee is likely to submit its report to the Group of Ministers, headed by Bihar Deputy Chief Minister Sushil Modi, which will finalise its recommendations by …

The Bombay High Court has said the Goods and Services Tax (GST), though highly publicised by the Union government, isn’t tax-friendly. A Bench comprising Justices S.C. Dharmadhikari and Bharati Dangre said, “A tax like GST was highly publicised and termed as popular. These celebrations mean nothing. The special sessions of Parliament or

The government is likely to breach the fiscal deficit target this year by 300 basis points (bps), from 3.2% to 3.5% of the GDP, clearly going off the fiscal deficit roadmap as laid down by it earlier. One of the reasons that the finance minister and the bureaucrats in the ministry have been citing for …

The finance ministry has sought a report from GSTN, the IT-backbone provider for GST, on glitches in the system that derailed the anti-tax evasion electronic way bill system on the very first day of launch. It wants GST-Network to detail system readiness before re-introducing

The government has extended the last date for filing of GSTR-1 for the months of July to October till January 10, 2018 for businesses with turnover up to Rs. 1.5 crore under GST. It may be however noted that the return for the month of November too needs to be filed by January 10th. Businesses …

GST registrants, who are unable to login to their GST accounts due to change in mobile and email address, can now do it easily. The primary authorised signatory will have to send a request to their jurisdictional officer to change the mobile number and email address. The facility is available for both jurisdictional Range Superintendents …

Goods and Services Tax Network (GSTN), the IT backbone of the new tax regime, has put a new function on its portal to allow taxpayers choose the frequency of filing GSTR 1 form on quarterly or monthly basis.

The Delhi High Court has granted interim relief to the petitioner, who had filed a writ petition before it challenging the non availability of the transitional input tax credit in respect of input stock purchased before one year of the appointed date i.e. before 1st July, 2016. As per the present provisions under the GST …