Goods and Services Tax

Goods and Services Tax – GST Dated:- 14-3-2020 – News – The 39 th GST Council met under the Chairmanship of Union Finance Corporate Affairs Minister Smt Nirmala Sitharaman here today . The meeting was also attended by Union Minister of State for Finance Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States UTs and seniors officers of the Ministry of Finance. The GST Council has made the following recommendations on Law Procedures changes. Measures for Trade facilitation: Interest for delay in payment of GST to be charged on the net cash tax liability w.e.f. 01.07.2017 (Law to be amended retrospectively). Where registrations have been cancelled till 14.03.2020, application for revocation of cancellation of registration can be filled up to 30.06.2020 (extension of period of application as one-time measure to facilitate those who w

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t for availing the option of special composition scheme under notification No. 2/2019-Central Tax (Rate) dated 07.03.2019 by filing FORM CMP-02. A special procedure is being prescribed for registered persons who are corporate debtors under the provisions of the Insolvency and Bankruptcy Code, 2016 and are undergoing the corporate insolvency resolution process, so as to enable them to comply with the provisions of GST Laws during the CIRP period. Extension of due dates for FORM GSTR-3B for the month of July, 2019 to January, 2020 till 24 th March, 2020 for registered persons having principal place of business in the Union territory of Ladakh. Similar extension is also recommended for FORM GSTR-1 FORM GSTR-7 . Bunching of refund claims allowed across financial years to facilitate exporters. Deferment of E-invoice and QR Code : Certain class of regi

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of new GST registrations, before physical verification of premises and Financial KYC of the registered person. Issuance of circulars in respect of: Clarification in apportionment of ITC in cases of business reorganization under section 18 (3) of CGST Act read with rule 41(1) of CGST Rules ; Appeals during non-constitution of the Appellate Tribunal; Clarification on refund related issues; and Clarification on special procedure for registered persons who are corporate debtors under the provisions of the Insolvency and Bankruptcy Code, 2016 , undergoing the corporate insolvency resolution process. Amendments to the CGST Rules : Key amendments are as below: Procedure for reversal of input tax credit in respect of capital goods partly used for affecting taxable supplies and partly for exempt supplies under rule 4

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Goods and Services Tax – GST Dated:- 7-3-2020 – News – DGGI (Hqrs.) booked a case on 06.03.2020 against M/s Aastha Apparels Pvt Ltd others. Aforesaid companies have fraudulently claimed IGST refunds on export of goods to the tune of more than ₹ 61 Crores . It has been revealed that ITC has been fraudulently availed by M/s Aastha Apparels Pvt Ltd others on the basis of invoices received from non-existent/non-functional firms/companies or from companies which have indulged in circular trading. The said firms/companies also did not have commensurate purchases backwards. It has been further revealed that the supplier companies to these exporter companies are controlled managed by few persons only and the

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Goods and Services Tax – GST Dated:- 4-3-2020 – News – Directorate General of GST Intelligence (DGGI) Headquarters booked a case on 3 rd March 2020 against M/s Fortune Graphics Limited, M/s Reema Polychem Private Limited M/s Ganpati Enterprises. The aforesaid companies/ firms are involved in issuance of invoices without any actual supply of goods. This case was detected and developed by officers on further data analytics out of a case booked against one of the exporters, namely, M/s Anannya Exim, which was covered in the all India operation launched by DGGI-DRI on 11.09.2019, against various exporters for fraudulently claimed IGST refund on the strength of ineligible ITC.

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Goods and Services Tax – GST Dated:- 4-3-2020 – News – As part of a series of webcasts for addressing the queries of taxpayers on issues pertaining to Goods and Service Tax (GST) and Customs , Directorate General of Systems, CBIC and Directorate General of Taxpayer Services, CBIC are organizing a webcast on the problems faced in GST Registration . The said webcast will be held on 05.03.2020 (Thursday) from 11:00 A.M to 01:00 P.M. The YouTube URL for the webcast would be:

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Goods and Services Tax – GST Dated:- 3-3-2020 – News – Major Racket of Fake Invoicing of ₹ 7896 Crore Busted Involving Network of 23 Shell Companies Two Accused Arrested Remanded to 14 Days Judicial Custody The officers of Anti Evasion wing of Central Tax, Delhi West Commissionerate have busted a major racket of fake invoicing of ₹ 7896 crore involving fraudulent Input Tax Credit (ITC) of ₹ 1709 crore, using a network of 23 shell companies, which procured and generated invoices without actual supply of goods and availed as well as passed on ITC. Two persons have been arrested on 29.02.2020, in this matter. The accused persons were evading tax by creating several dummy firms for the purpose of passing on I

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Goods and Services Tax – GST Dated:- 2-3-2020 – News – Government has modified the guidelines of Interest Subvention Scheme for Incremental Credit to MSMEs 2018 on 13th December, 2019. In the modified guidelines, requirement of Udyog Aadhar Number (UAN) has been dispensed with for units registered for Goods and Service Tax (GST). However, in the case of units which are not registered under GSTN, may either submit Income Tax Permanent Account Number (PAN) or their loan account should be cate

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Goods and Services Tax – GST Dated:- 2-3-2020 – News – The Small and Medium sector companies now get the benefit of the new return model under GST which ensures quarterly filing of returns for those taxpayers whose annual aggregate turnover in the preceding Financial year does not exceed ₹ 5 crore. Department of Revenue have informed that there is no such proposal at this stage. Quarterly payment of GST is available to those MSMEs who opt for composition levy under section 10 of

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Goods and Services Tax – GST Dated:- 2-3-2020 – News – Officers of Anti-Evasion, Central GST Delhi East Commissionerate have unravelled a major operation of Circular Trading, involving use of fake invoices to claim fraudulent refunds of Input Tax Credit. Shri Asif Khan, Shri Rajeev Chhatwal and Shri Arjun Sharma, operating a total of 17 fake firms, procured invoices without actual supply of goods and availed as well as passed on ITC fraudulently, to the tune of ₹ 436 crores. The fraudulently availed ITC was used by them to file refund claims to the tune of ₹ 11.55 crores under Inverted Duty Structure. The said refund claims were also filed by fake firms floated by the accused persons. The accused persons are related to eac

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ame to light that the trio were planning to spread their operations to other States at the time they were apprehended. Shri Asif Khan, Shri Rajeev Chhatwal and Shri Arjun Sharma appear to have knowingly committed offences under Section 132(1)(b) and 132(1)(c) of CGST Act, 2017 which are cognizable and non-bailable offences as per the provisions of Section 132(5) and punishable under Clause (i) of Sub section (1) of Section 132 of the Act ibid. They also appear to have committed offence under Section 132(1)(e) of the Act. Accordingly, the said persons were arrested on 01.03.2020 under Section 69(1) of the CGST Act, 2017 and remanded to judicial custody till 13.03.2020 by the Chief Metropolitan Magistrate in Patiala

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Goods and Services Tax – GST Dated:- 2-3-2020 – News – New Delhi, Mar 1 (PTI) The government is planning to launch lottery offer under the Goods and Services Tax (GST) from April 1 by conducting lucky draws every month for invoices of all business to customer (B2C) transactions. The lottery scheme is being envisaged by the revenue department to encourage customers to take bills for every purchase, which will in turn help the government in curbing GST evasion. Under the scheme, the revenue department will conduct monthly lucky draws which will have one bumper prize, while there would be second and third prizes state wise, an official told PTI.

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became effective from July 1, 2017, has subsumed over a dozen indirect taxes, like excise and service tax. However, revenue under the new indirect tax regime has not picked up as per expectations, mainly on account of evasion. Officials expect the lottery scheme to incentivise customers to ask for bill or invoice while making purchases. The GST Council is likely to vet the lottery scheme in its next meeting on March 14. As per the plan, the money for the lottery scheme would come from the consumer welfare fund, where the proceeds of anti-profiteering cases are transferred. – News – Press release – PIB Tax Management India – taxmanagementindia – taxmanagement –

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Goods and Services Tax – GST Dated:- 2-3-2020 – News – GST Revenue collection for February, 2020 ₹ 1,05,366 crore gross GST revenue collected in February The gross GST revenue collected in the month of February, 2020 is ₹ 1,05,366 crore of which CGST is ₹ 20,569 crore , SGST is ₹ 27,348 crore , IGST is ₹ 48,503 crore (including ₹ 20,745 crore collected on imports) and Cess is ₹ 8,947 crore (including ₹ 1,040 crore collected on imports). The total number of GSTR 3B Returns filed for the month of January up to 29 th February, 2020 is 83.53 lakh. The government has settled ₹ 22,586 crore to CGST and ₹ 16,553 crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of February,2020 is ₹ 43,155 crore for CGST and ₹ 43,901 crore for the SGST.

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306 316 3% Himachal Pradesh 610 621 2% Punjab 1,100 1,229 12% Chandigarh 147 172 18% Uttarakhand 1,237 1,281 4% Haryana 4,873 5,266 8% Delhi 3,422 3,835 12% Rajasthan

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25 12% Tripura 46 63 37% Meghalaya 129 157 21% Assam 736 924 25% West Bengal 3,490 3,942 13% Jharkhand 2,121 2,071 -2% Odisha 2,374 2,790 18% Chattisgarh 2,068 2,274

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2% Lakshadweep 3 2 -20% Kerala 1,416 1,754 24% Tamil Nadu 5,974 6,427 8% Puducherry 175 159 -9% Andman and Nikobar Island 25 36 45% Telangana 3,460 3,667 6% Andhra Pradesh 2,088 2,563 23

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Goods and Services Tax – GST Dated:- 20-2-2020 – News – The Anti Evasion wing of CGST Delhi South Commissionerate has detected a case of Input Tax credit fraud through fake invoices issued by bogus firms. Investigations led to discovering the accused had also been generating bogus e-way bills to back the fake invoices. Over 35 entities are involved in the bogus transactions, involving fake invoicing to the tune of ₹ 214.74 crores and tax evasion of ₹ 38.05 crores.

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Goods and Services Tax – GST Dated:- 17-2-2020 – News – Keeping with the Hon ble PM s objective of turning districts into export hubs, Central Board of Indirect Taxes and Customs has now started capturing district-wise data or origin of export goods. The idea was also recently echoed by the Hon ble Finance Minister in her Budget speech . This additional information from the export declarations will provide a key statistical input to policy makers on the importance of each district for exports and will help in aligning the policies to enhance local capacity. Additionally, the export declarations would now also capture declarations by exporters intending to avail India s Free and Preferential Trade Agreements

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Goods and Services Tax – GST Dated:- 13-2-2020 – News – The Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit (GZU), Haryana, has arrested Shri Nitin Jain, resident of Sonepat, Haryana, proprietor of M/s Shiv Trade Incorporation, Delhi, for issuing bogus invoices. During investigation it was revealed that Shri Nitin Jain has issued bogus invoices through his firm M/s Shiv Trade Incorporation and another firm M/s Om Trade Inexim, opened in the name of dummy person, of various types of goods namely ferrous/ non-ferrous scrap, ingots, nickel cathode etc. amounting to ₹ 268.3 crores (approx). Through bogus invoices, Shri Nitin Jain has fraudulently passed Input Tax Credit (ITC) amounting to ₹ 41.6 Crores (

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Goods and Services Tax – GST Dated:- 11-2-2020 – News – To identify cases of fraudulent claims under Goods Services Tax (GST), the Government of India has taken measures to apply stringent risk parameters-based checks driven by rigorous data analytics and Artificial Intelligence (AI) tools based on which certain taxpayers are taken up for further verification. Moreover, a standard operating procedure has been prescribed for exporters vide Circular No. 131/1/2020-GST dated 23.01.2020 to mitigate the risk of wrongful refund claims of Integrated Goods and Services Tax (IGST). This was stated by Shri Anurag Singh Thakur, Union Minister of State for Finance Corporate Affairs, in a written reply to a question in Rajya Sabha today.

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Goods and Services Tax – GST Dated:- 1-2-2020 – News – ₹ 1,10,828 crore GST Gross Revenue collected for January, 2020 January 2020 stands second highest monthly collection since implementation of GST The gross GST revenue collected in the month of January, 2020 is ₹ 1,10,828 crore of which CGST is ₹ 20,944 crore , SGST is ₹ 28,224 crore , IGST is ₹ 53,013 crore (including ₹ 23,481 crore collected on imports) and Cess is ₹ 8,637 crore (including ₹ 824 crore collected on imports). The total number of GSTR 3B Returns filed for the month of December up to 31 st January, 2020 is 83 lakh (prov) . The government has settled ₹ 24,730 crore to CGST and ₹ 18,199 crore to SGST from IGST as regular settlement. The total revenue earned by Central Government and the State Governments after regular settlement in the month of January,2020 is ₹ 45,674 crore for C

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ary, 2020 S.No. State Jan 19 Jan 20 Growth 1 Jammu and Kashmir 331 371 12% 2 Himachal Pradesh 647 675 4% 3 Punjab 1,216 1,340 10% 4 Chandigarh 159 195 22% 5 Uttarakhand 1,146

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176 194 11% 12 Arunachal Pradesh 38 52 36% 13 Nagaland 17 32 84% 14 Manipur 24 35 48% 15 Mizoram 26 24 -8% 16 Tripura 52 56 8% 17 Meghalaya

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esh 2,414 2,674 11% 24 Gujrat 6,185 7,330 19% 25 Daman and Diu 101 117 16% 26 Dadra and Nagar Haveli 173 165 -5% 27 Maharashtra 15,151 18,085 19% 29 Karnataka 7,329 7,605 4%

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36 Telangana 3,195 3,787 19% 37 Andhra Pradesh 2,159 2,356 9% 97 Other Territory 194 139 -28% 99 Centre Jurisdiction 45 119 166% Grand Total 77,545 86,513 12% – News – Press release – PIB Tax Management India – taxmanagementindia – taxmanagement – taxmanagemen

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Goods and Services Tax – GST Dated:- 25-1-2020 – News – MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 24th January, 2020/Magha 4, 1941 (Saka) THE UNION TERRITORY OF DADRA AND NAGAR HAVELI AND DAMAN AND DIU CENTRAL GOODS AND SERVICES TAX (AMENDMENT) REGULATION, 2020 N O . 2 OF 2020 Promulgated by the President in the Seventy-first Year of the Republic of India. A Regulation further to amend the Central Goods and Services Tax Act, 2017. In exercise of the powers conferred by article 240 of the Constitution , the President is pleased to promulgate the following Regulation made by him:- Short title and comm

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Goods and Services Tax – GST Dated:- 25-1-2020 – News – MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 24th January, 2020/Magha 4, 1941 (Saka) THE UNION TERRITORY OF DADRA AND NAGAR HAVELI AND DAMAN AND DIU GOODS AND SERVICES TAX (AMENDMENT) REGULATION, 2020 N O . 1 OF 2020 Promulgated by the President in the Seventy-first Year of the Republic of India. A Regulation further to amend the Union Territories Goods and Services Tax Act, 2017 . In exercise of the powers conferred by article 240 of the Constitution , the President is pleased to promulgate the following Regulation made by him:- Short ti

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Goods and Services Tax – GST Dated:- 22-1-2020 – News – Considering the difficulties faced by trade and industry in filing of returns, the government has decided to introduce several measures to ease the process. The Finance Ministry today said that now GST taxpayers can file their GSTR-3B returns in a staggered manner. Presently the last date of filing GSTR-3B returns for every taxpayer is 20th of every month. From now on, the last date for filing of GSTR-3B for the taxpayers having annual turnover of ₹ 5 crore and above in the previous financial year would be 20th of the month. Thus, around 8 lakh regular taxpayers would have the last date of GSTR-3B filing as 20th of every month without late fees. Th

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Chandigarh, Uttarakhand, Haryana, Delhi, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand and Odisha having annual turnover below ₹ 5 crore in previous financial year will now be having last date of filing the GSTR-3B as 24th of the month without late fees. The Finance Ministry said that the necessary notification in this regard would be issued later by the competent authority. In a statement issues, the Ministry further said that it has also taken a note of difficulties and concerns expressed by the taxpayers regarding filing of GSTR-3B and other returns. The matter has been discussed by the GSTN with Infosys, the Managed S

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Goods and Services Tax – GST Dated:- 7-1-2020 – News – The 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax was held here today under the chairmanship of Dr Ajay Bhushan Pandey, Revenue Secretary, Ministry of Finance. The multi-faceted Conference was focused on brainstorming session for streamlining Goods and Services Tax (GST) system and plugging revenue leakages. This was the 2nd edition of all India Conference where both tax administrations came together formally to build synergy and to share their knowledge and best practices with intent to bring about uniformity in tax administrations. During the Conference, deliberations were held on a mechanism and machinery for disseminating inter-departmental data among various agencies like GSTC, CBDT, CBIC, FIU, DoR, DGGI and State Tax Administrations etc. in order to achieve efficiency in curbing evasion and augment revenue collection. Various pre

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measures were decided for necessary action: 1. To constitute a Committee of Centre and State officers to examine and implement quick measures in a given time frame to curb fraudulent refund claims including the inverted tax structure refund claims and evasion of GST. The Committee will come out with detailed SoP within a week, which may be implemented across the country by January end. 2. Considering fraudulent IGST refund claims, it was explored to link foreign exchange remittances with IGST refund for risky and new exporter. 3. All major cases of fake Input Tax Credit, export/import fraud and fraudulent refunds shall also be compulsorily investigated by investigation wing of the Income Tax Department. 4. MoU would be signed among CBDT, CBIC and GSTN to exchange data through API, from CBDT to GSTN and CBIC and vice-versa. It was decided that this data should be shared on quarterly basis, instead of being shared on yearly basis. 5. To explor

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n their respective tax administrations. Later Gujarat and Andhra Pradesh also presented the best practices adopted by them. The approach of strengthening enforcement through data exchange, sharing knowledge and best practices for a common national goal that leads to enhanced compliance management and revenue augmentation and at the same time ensuring that genuine taxpayers are not harassed was welcomed by all. All Chief Commissioners of Central Tax Zones, State Commissioners of State Taxes, Directors General of CBIC, members of CBIC, Chairman, CBDT along with his team of Senior officers, Director of FIU-India along with his team of Senior officers, senior officers of the CBIC and Department of Revenue, technical team of GSTN led by EVP GSTN and officers from the GST Council Secretariat etc. participated in the Conference. **** RM/KMN – News – Press release – PIB Tax Management India – taxmanagementindia – taxmanagement – taxmanagementindia.

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Goods and Services Tax – GST Dated:- 1-1-2020 – News – The gross GST revenue collected in the month of December, 2019 is ₹ 1,03,184 crore of which CGST is ₹ 19,962 crore , SGST is ₹ 26,792 crore , IGST is ₹ 48,099 crore (including ₹ 21,295 crore collected on imports) and Cess is ₹ 8,331 crore (including ₹ 847 crore collected on imports). The total number of GSTR 3B Returns filed for the month of November up to 31 st December, 2019 is 81.21 lakh . The GST revenues during the month of December, 2019 from domestic transactions has shown an impressive growth of 16% over the revenue during the month of December, 2018. If we consider IGST collected from imports, the total revenue during December, 2019 has increased by 9% in comparison to the revenue during December, 2018. During this month, the IGST on import of goods has seen a negative growth of (-) 10%, but is an improvement over (-) 13% last month

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1 Jammu and Kashmir 293 409 40% 2 Himachal Pradesh 595 699 18% 3 Punjab 1,162 1,290 11% 4 Chandigarh 143 168 18% 5 Uttarakhand 1,055 1,213 15% 6 Haryana 4,646 5,365 15%

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124% 13 Nagaland 17 31 88% 14 Manipur 27 44 64% 15 Mizoram 13 21 60% 16 Tripura 48 59 24% 17 Meghalaya 108 123 14% 18 Assam 743 991

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6,621 18% 25 Daman and Diu 77 94 22% 26 Dadra and Nagar Haveli 129 154 20% 27 Maharashtra 13,524 16,530 22% 29 Karnataka 6,209 6,886 11% 30 Goa 342 363 6% 31 Lakshadweep

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Goods and Services Tax – GST Dated:- 26-12-2019 – News – The Anti-Evasion wing of CGST Delhi South Commissionerate has discovered here today yet another case of fake invoicing and GST fraud alongside a new modus operandi of defrauding the exchequer by exploiting the facility of refunds given for inverted duty structure. Over 120 entities who are involved in the transactions have come to light so far, involving fake invoicing of ₹ 1,600 crores and tax evasion of ₹ 241 crores.

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Goods and Services Tax – GST Dated:- 25-12-2019 – News – New Delhi, Dec 25 (PTI) – The GST Council will set up a grievance redressal mechanism for taxpayers. The decision was taken at the 38th meeting of the GST Council held on December 18. It has decided that a structured grievance redressal mechanism should be established for the taxpayers under GST to tackle grievances on GST-related issues of specific and general nature, an official statement said on Wednesday. The council will set up the Grievance Redressal Committee (GRC) at zonal and state levels consisting of both central tax and state tax officers, representatives of trade and industry and other goods and services tax (GST) stake

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quarter or more frequently as decided by the co-chairs. For time-bound handling of grievances and accountability, GSTN shall develop a portal for recording all such grievances (including their scanned images) and their disposal. It shall be the responsibility of the co-chairs of the grievance redressal committees to ensure timely entry of the grievances and updating the status of their disposal on the portal, the statement said. The details of action taken on all issues will be displayed on the portal, which shall be available for viewing to all stakeholders to check the status of the resolution, it added. – News – Press release – PIB Tax Management India – taxmanagementindia – taxmanagement

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Due date of filing of GSTR-3B for the month of November 2019 has been extended to 23/12/2019 – Goods and Services Tax – GST Dated:- 21-12-2019 – News – The Central Board of Indirect Taxes and Cus

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Goods and Services Tax – GST Dated:- 18-12-2019 – News – PRESS NOTE ON REVENUE A presentation was made to the GST Council on the issue of revenue, GST rate structure and compensation needs of the States. Before the presentation, the Convenor of GoM on revenue augmentation Sh. Sushil Kumar Modi, Dy CM (Bihar) made opening remarks about the revenue position and future roadmap. The presentation made thereafter was based on discussions in the Committee of officers of State and Centre on revenue augmentation. The revenue trends since inception of GST as shown below was taken note of – GST Gross Revenue Trends A constructive discussion followed the presentation covered a wide range

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Goods and Services Tax – GST Dated:- 18-12-2019 – News – PRESS RELEASE (On Rate Changes) GST Council in the 38 th meeting held on 18 th December, 2019 at New Delhi took following decisions relating to changes in GST rates, exemptions, – To exempt upfront amount payable for long term lease of industrial/ financial infrastructure plots by an entity having 20% or more ownership of Central or State Government. Presently, the exemption is available to an entity having 50% or more ownership of Central or State Government. This change shall become effective from 1 st January, 2020. To levy a single rate of GST @ 28% on both State run and State authoriz

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