- Third refund fortnight successfully concluded by CBIC on 31.07.2018. As on 31.07.2018, the total GST refunds disposed by Centre and States are to the tune of Rs 54,378 Crore of which RFD-01A refund is of Rs 24,549 Crore and that of IGST refund is of Rs 29,829 Crore.
- CBIC Retweeted#CNBCTV18Exclusive | MK Sinha, @cbic_india says giving taxpayer 2 chances to correct any errors in filings; Can make amendments till September of next year
- CBIC Retweeted#CNBCTV18Exclusive | MK Sinha, @cbic_india says GSTR 1, 2 & 3 was a 3-step process, GSTR2 was the toughest part of the return; Invoices will now go into the single return process, GSTR2 has been done away with
- CBIC Retweeted#CNBCTV18Exclusive | MK Sinha, @cbic_india says this is a much more simplified returns process; Have had consultations with multiple stakeholders before finalising the new returns process
- CBIC Retweeted#CNBCTV18Exclusive | MK Sinha, @cbic_india says Sugam is for taxpayers making both B2B & B2C supplies
- CBIC Retweeted#CNBCTV18Exclusive | MK Sinha, @cbic_india says exempt supplies that do not create liabilities on taxpayer will fall under simplified quarterly returns; Capital goods credit not required to be reported under simplified quarterly Returns
- CBIC Retweeted#CNBCTV18Exclusive | MK Sinha, @cbic_india says present GSTR 3B & GSTR 1 will continue till new design takes over; @GST_Council has set January 1 as the date of implementation of new returns process
- Further investigations are underway and the quantum of evasion is likely to go up. Officers are not ruling out the possibility of existence of several other fake firms as the investigation moves ahead.
- Both of them were arrested u/s 69(1) of the CGST Act, 2017 and produced before the Hon’ble Metropolitan Magistrate, Patiala House, New Delhi
- Searches were conducted at several places during which various incriminating documents and evidences were found. During investigation it was revealed that the businessmen had floated multiple entities for issuing such fake invoices.
- Central GST Delhi West Commissionerate arrested two Rohini based businessmen on August 01, 2018 in a case of fraudulent issuance of Input Tax Credit invoices without actual supply of goods involving evasion of approximately Rs.201 crores relating to plastic granules industry.
- Contribute to the discussion on @MyGovIndia Simplified GST Return principles and Draft return formats.. More details at
- CBIC RetweetedAiming to give more relief to farmers, Govt. has exempted GST on works of installation & commissioning undertaken by electricity distribution companies for extending electricity distribution network up to the tube well of farmers. #GoodandSimpleGST
- CBIC RetweetedGST Rate Cut Brings Joy to Women: Govt. has reduced Goods & Services Tax rates on various accessories & necessities, which will help women save more on items of daily need. https://www.aninews.in/news/national/general-news/heres-how-new-gst-rates-are-a-boost-to-womanhood201807310041450001/ …
- CBIC RetweetedOutreach program on MSME organised by Secunderabad Commte on 30th July, chaired by Smt N. Sailaja Kumari, DC. PPTs on return filing and E-way Bill were presented. Later interactive session to clarify doubts and queries were held. Appeal made to taxpayers to file pending returns
IMPORTANT DOCUMENTS.
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