GSTR-1

GSTR-1 filing has evolved since the inception of the goods and services tax (GST) law. It started with only reporting sales details but now includes a host of reconciliations before the actual reporting occurs. Some of these reconciliations…

The GST collection in April touched the highest ever level of about Rs 1.68 lakh crore, up 20 per cent from the year-ago period, on improved compliance and recovery in business activity, the Finance Ministry said on Sunday. During the…

Food aggregators like Swiggy and Zomato will have to collect and deposit tax at 5 per cent rate beginning Saturday, a move which will widen the tax base as food vendors who are currently outside the GST threshold will become liable to GST…

New Delhi: Come January 1, GST officers can directly initiate recovery action against errant businesses that show higher sales in monthly return GSTR-1 but under-report it while tax payment in GSTR-3B. The move will help curb the menace of…

New Delhi: Businesses that default on filing summary return and paying monthly GST will not be able to file GSTR-1 sales return of the succeeding month from January 1 next year. The GST Council in its Lucknow meeting on September 17 has…

There have been and will continue to be several rule changes this month. These changes come in the form of regulatory policies across banking, financial and even automotive sectors that will affect the day-to-day lives of the average…

Businesses that have not filed GSTR-3B returns in the preceding two months will not be able to file details of outward supplies in GSTR-1 from September 1, GSTN has said. While businesses file GSTR-1 of a particular month by the 11th day…

New Delhi: Goods and Service Tax Network (GSTN), which manages the entire IT system of the GST portal, has announced that businesses that have not filed GSTR-3B returns form for the past two months will not be allowed to file details of…