GST Updates

Article
GST Updates
News
Uncategorized

November 17, 2020

GST E-Invoicing Mandatory From January 1, 2021 If Turnover Exceed Rs 100 CR

ritu kaushik GST Updates, News GST, GST E-INVOICING

The Central Board of Indirect Taxes and Customs (CBIC) on Tuesday informed that GST e-invoicing will be required for any firm whose turnover surpasses Rs 100 crore from January 1, 2021. The cutoff set before was a turnover of Rs 500 crore.“In exercise of the forces presented by sub-rule (4) of rule 48 of the […]

November 11, 2020

Surge in number: GST returns in October jump 36%, collections up 10%

ritu kaushik GST Updates, News gst news, GST returns, gst tax updates

GSTN’s capacity was enhanced from 1.5 lakh concurrent users in June in anticipation of a surge of tax returns owing to the pandemic and subsequent deferrals in the original deadlines.The monthly GST returns (GSTR-3B) in October saw a 36% jump compared with corresponding period a year ago as the collections grew by over 10% in […]