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Revenue Department instructs field formations to attach bank accounts of #GST non-compliant taxpayers

Non Compliance includes:

1. Pending GSTR3B of more than 3-4 months

2. Non payment of taxes

Friday, February 14, 2020

Govt plans GST lottery offers of Rs 10 lakh-Rs 1 cr for encouraging customers to ask for bills

The government is planning to introduce lottery offers between Rs 10 lakh and Rs 1 crore under the GST to encourage customers to take bills while making purchases.

Central Board of Indirect Taxes and Customs (CBIC) member John Joseph said every bill under the goods and services tax (GST) regime will provide a chance to the customers to win a lottery and that would act as an incentive for them to pay the tax.

"We have come with the new lottery system. Every bill under GST is supposed to be a price-winning lottery ticket. It will go for a draw and price are so high that people will say that by not saving 28 per cent, I have a chance of winning Rs 1 crore or Rs 10 lakh. It is a question of changing the consumer behaviour," Joseph said at an Assocham event.

As per the plan, the purchase bill would be uploaded on a portal and a draw would be held automatically and the winners would be informed.

Wednesday, February 5, 2020

The CBIC vide Notification No. 07/2020 – Central Tax dated February 03, 2020, which notified the due dates for filing of monthly outward supply return i.e. GSTR – 3B for the period January 2020, February 2020 and March 2020, in the following manner as described in the below table:-

Sr. No Particulars A registered person, whose principal place of business is in Due Dates

1. Annual Turnover of Rs. 5 Crore and above in the previous financial year.

(Rs. 5Cr and > above) -- 20th of Every Month without late fees.

2. Taxpayers having an aggregate turnover of up to Rs. 5 Crore in the previous financial year.

(Up to Rs. 5 Cr) Chhattisgarh, Madhya Pradesh, Gujarat, Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Telangana or Andhra Pradesh or the Union Territories of Daman and Diu and Dadra and Nagar Haveli, Puducherry, Andaman, and the Nicobar Islands and Lakshadweep. For Jan 2020:-February 22, 2020

For Feb 2020:-  March 22, 2020,

For March,2020:-April 22, 2020, respectively

Taxpayers having an aggregate turnover of up to Rs. 5 Crore in the previous financial year.

(Up to Rs. 5 Cr) Himachal Pradesh, Punjab, Uttarakhand, Haryana, Rajasthan, Uttar Pradesh, Bihar, Sikkim, Arunachal Pradesh, Nagaland, Manipur, Mizoram, Tripura, Meghalaya, Assam, West Bengal, Jharkhand or Odisha or the Union territories of Jammu and Kashmir, Ladakh, Chandigarh, and Delhi. For Jan 2020:-February 22, 2020

For Feb 2020:-  March 22, 2020,

ForMar2020:-     April 22, 2020, respectively

Wednesday, February 5, 2020 Read More

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