Gstn

The move will help entities get loans faster on the basis of shared Goods and Services Tax (GST)-related information

Excl: Govt mulling separate bids for GST hardware, software support in March

The government has appointed Ernst & Young (E&Y) as its consultant for formulation of the Request for Proposal (RFP) to invite bids for the next IT consultancy for GST.

1 in 3 companies in CBIC follow-on probe is fake, mirroring trend in earlier probe: Official

Earlier this fiscal year, the CBIC had carried out a special drive on 77,200 entities to plug fake ITC, of which 22,000 were found to be bogus or non-existent.

MC Exclusive: Contract for next GST tech support provider may have flexible task-based cost structure

The government is also considering whether to allow global IT companies to bid for the contract.

GST Council meet 2023: Centre allays concerns of opposition ruled states over ED sharing info with GSTN

Revenue Secretary said it was clarified that the changes will empower tax authorities with more information and "I think all of them (state ministers) were quite satisfied with the explanation".

GST Council meet: Several opposition ruled states voice concern over ED sharing info with GSTN

At the 50th GST Council meeting on Tuesday, Aam-Aadmi Party ruled Delhi and Punjab voiced concerns over the notification and demanded a discussion.

Business with turnover of over Rs 100 crore will have to upload e-invoice on IRP within 7 days: GSTN

Currently, businesses upload such invoices on Invoice Registration Portal (IRP) on the current date, irrespective of the date of issue of such invoice.

E-way generation to be blocked from August 15 for return non-filers: GSTN

The move, experts said, would help increase Goods and Services Tax collections in August as pending GST returns are expected to be filed.

GSTN enables auto-populated GSTR-3B return form beginning November

While businesses file GSTR-1 of a particular month by the 11th day of the subsequent month, GSTR-3B is filed in a staggered manner between 20th-24th day of the succeeding month.

GSTN rolls out auto-populated monthly tax returns forms

GSTN, the firm that processes GST returns, released a statement saying that the auto-populated tax return forms will be available from the October tax period onwards

E-invoicing major GST reform for ease of doing business: Finance Secretary Ajay Bhushan Pandey

E-invoicing is currently mandated for the businesses having annual turnover more than Rs 500 crore.

Pre-filled GST return form soon: GSTN CEO Prakash Kumar

GSTN, which handles the IT backbone for Goods and Services Tax (GST) has already started providing tax liability data based on sales return GSTR-1 of the taxpayer to be used in his tax payment form GSTR-3B in pdf form.

GSTN starts providing auto-drafted ITC statement to taxpayers

GSTN handles the IT backbone of Goods and Services Tax (GST).

GSTN plans to send statement of liability shown in sales return via email

While GSTR-1 is filed by sellers and contains invoice-wise and category-wise details of all outward supplies. This has to be filed by 11th of the succeeding month.

GSTN develops functionality for transfer of amount available in electronic cash ledger

In a statement, GSTN said this new functionality on the GST portal is aimed at providing a major relief to taxpayers, especially at the time of the COVID-19 crisis when there is limited access to cash resources.

GSTN glitch: Infosys asked to submit resolution plan in 15 days, Nandan Nilekani to make presentation

On Saturday, Revenue Secretary held a meeting with top Infosys officials on the persistent glitches seen on GST network, and decided to ask Infosys Chairman Nandan Nilekani to make an urgent presentation before the GST Council on March 14.

GSTN launches new toll-free number for helpdesk

The GSTN has come up with a new GST help desk toll-free calling number '1800 103 4786'. The caller may call on this number on 365 days in a year from 9 am to 9 pm.

Taxpayers can compare tax liability declared in final, summary GST returns forms: GSTN

GSTN, in a statement said, since GSTR-1 and GSTR-3B are filed independent of each other, a need was felt to provide facility to view liability declared in both the forms at one place.

Nabbing tax evaders: GSTN starts sharing data with tax authorities

Fearing shortfall in revenue from GST, the government is taking several steps to boost tax mop-up.

AB Pandey takes over as revenue secy; to focus on enhanced tax compliance via technology integration

Pandey, a 1984 batch Maharashtra-cadre IAS officer, will continue to hold the charge as Unique Identification Authority of India (UIDAI) CEO as well as the Chairman of Goods and Services Tax Network (GSTN).

Cabinet approves changing GSTN structure; body to be 100% owned by govt

The government will buy out all the 51 percent equity owned by non-government entities.

Ministerial panel on GSTN to meet on September 22

The meeting of the Group of Ministers (GoM), set up in September 2017 to look into the technical issues faced by the GSTN, would be held in Bengaluru.

Last year witnessed a great transformation: GSTN chairman AB Pandey

Moneycontrol caught up with GSTN chairman Ajay Bhushan Pandey to talk about how the past year was on the technology side, role of Infosys, possibility of leveraging analytics and how the system is shaping up for the future

One Year of GST: Steady state in sight after 12 months of rough and tumble as focus shifts to compliance, easier procedures

The repeated rate revisions were emblematic of the rough edges that needed continual ironing; GST has also not knocked up prices as feared, with retail inflation averaging less than 5% in the last 12 months

Exporter refunds worth Rs 25,000 cr stuck for GSTN lacuna: Amit Mitra

"There have been three lakh applications from exporters of the country, involving Rs 25,000 crore, which are awaiting refunds," Mitra, also a GST Council member, said here during an exports conclave, a part of the Bengal Global Business Summit 2019 roadshow.