GST India News

The state, which expects around 20 per cent growth in tax revenue per month once GST is fully implemented, has so far only seen 8.75 per cent growth this year. Kerala’s goods and services tax (GST) revenue during October this year was at its peak of Rs 18.56 billion against Rs 11.7 billion during September because of various reasons, including the state’s efforts to stop revenue evasion on e-way bills. The state, which expects around 20 per cent growth in tax revenue per month once GST is fully implemented, has so far only seen 8.75 per cent growth this year. “We hope that proper implementation of the system could bring in full benefits of the new tax regime,” said the state’s finance minister Thomas Isaac. Commenting on the growth of GST revenue during October, he clarified that it was high compared to September, also because of the impact of the devastating floods, which hit the state in August. However, GST revenue in October was the highest the

The Goods and Services Tax Practitioners (GSTPs) enrolled on the GST Network under sub-rule (2) of Rule 83 and covered by clause (b) of sub-rule (1) of Rule 83, i.e. those meeting the eligibility criteria of having enrolled as sales tax practitioners or tax return preparer under the existing law for a period not less than five years, are required to pass the said examination before 31.12.2018 in terms of second proviso to rule 83(3). The first examination of GST practitioner has been already conducted on 31.10.2018.  Therefore, the next examination for gst practitioner will take place on 07.12.2018 at 13.30 hrs.  Similarly, this examination will take place at designated centres only #gst, updates, Read more. https://gstindianews.info/gst-practitioner-exam-syllabus-date/  

PM Modi had announced that GST-registered MSMEs would get 2 per cent interest subvention or rebate on incremental loan of up to Rs 1 crore. Modi had on Friday announced a slew of measures, including sanctioning of loans of up to Rs 1 crore to small and medium enterprises in 59 minutes, through a special portal to give a boost to the nation's second biggest employing sector. Replying to a tweet by a user appreciating the steps, the prime minister said, Yes, it will add strength to the MSME sector. Public sector companies which were mandated to source 20 per cent of their annual procurement from MSMEs will now have to source at least a quarter of their requirement (25 per cent) from the sector. Also, 3 per cent of sourcing by public sector undertakings (PSUs) should be done from MSMEs run by women. Also, all central public sector enterprises (CPSEs) will have to take membership of the Government e-Marketplace (GeM) to facilitate online procurement of common use

Revenue Collection for October 2018 The total GST revenue collection for the month of October, 2018 is Rs. 100,710 crore .   Thus, out of which Central Goods and service Tax(CGST) is Rs. 16,464crore, State Goods and Service Tax is(SGST) is Rs. 22,826crore.   Also, Integrated Goods and service ta(IGST) amounts to Rs. 53,419crore (including Rs. 26,908crore collected on imports) and Cess is Rs. 8,000 crore (including Rs. 955crore collected on imports). Returns filed for October 2018 The total number of GSTR 3B Returns filed for the month end September 2018 is 67.45lakh . Further, The Total Revenue collected in October, 2018 of Rs. 100,710 crore is greater by 6.64% as compared to September, 2018 collection of Rs. 94,442 crore.

Live GST Webinar Date and Time: 31.10.2018 at 4 pm If your answer is yes, then this live webinar is for you. A webinar has been organized on 31st October 2018 at 4 pm IST by GSTN.   The subject is Filing of Form GSTR-8 using the Offline tool on GST Portal .  Also, this live webinar will be in the English language for Tax Collectors (TCS). About: GSTR  8 Return is a Statement of TCS (Tax Collected at Source) to be filed by E-Commerce Operators on GST portal. Main Contents: Overview of GSTR-8 Offline Utility How to Download & Enable GSTR-8 Offline Utility Learn How to Create Master data of Suppliers How to Enter details in Table 3 and 4 Generating JSON file & Uploading it on GST Portal Learn how to Download uploaded File for Review Learn how to Download Error File for Correction Understand Frequently Asked Questions Read more at GST India News.. https://gstindianews.info/gst-webinar-today/