RFID/FasTag will search vehicles without E-Way Bill - GST NEWS

January 1, 2021, the government has built-in RFID/FasTag with the e-way invoice device and a transporter is required to have a RFID tag in his automobile and important points of the e-way consignment generated for items being carried via the automobile is uploaded into the RFID.

When the vehicle passes the RFID Tag reader on the highway, the important points fed into the system receives uploaded on the authorities portal. The facts is later used via the income officers to validate the substances made by means of a GST-registered person.

The government is working on a gadget to quickly supply document to GST officers on a real-time basis for these automobiles which are transferring except e-way bills, to assist intercept caught vehicle at toll plazas and take a look at GST evasion.

The tax officers would additionally be furnished evaluation reviews on figuring out e-way consignment EWB with no motion of items as it would assist officers figuring out instances of round trading. It would additionally supply reviews on recycling of e-way payments for tax evasion susceptible commodities to assist officers in figuring out tax evaders.

The authorities is now working on a 'Real-time and Analysis Reports on RFID' for GST officers to assist them nab tax evaders who are misusing the e-way invoice system.

In a file on 'E-way Bill - A experience of three years', the authorities stated a hundred and eighty crore e-way payments have been generated in three years until March 2021. Of this, solely 7 crore payments have been established through tax officers.

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GST web-site missing on Google - Gst News

Today many people searching the GST web site on Google, but site not found it. you have also try to find the GST website on google ?

2. Gst Login, you have see the result

3. gst.gov.in registration, you have see the result

and many more keywords search on google regarding gst web site, but you shall not found the gst web-site.

You have last option to reach the GST web-site, type the www.gst.gov.in on address bar and then enter.

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1. What is Quarterly Returns with Monthly Payment (QRMP) Scheme?

Quarterly Returns with Monthly Payment (QRMP) Scheme is for eligible taxpayers to file their Form GSTR-1 and Form GSTR3B returns on quarterly basis, while paying their tax dues on monthly basis through a challan.

2. Who all are eligible for the QRMP scheme?

All taxpayers whose aggregate annual turnover (PAN based) is up to ₹ 5 Crore in the current financial year and the preceding financial year (if applicable) and have already filed their last due Form GSTR-3B return, are eligible for the QRMP scheme.

If your aggregate turnover (PAN based) for FY 2019-20 and current Financial year is up to ₹ 5 Crore and you have filed your FORM GSTR-3B for the month of October 2020 (let’s say at least) by 30th November 2020, you will be assigned to QRMP scheme, by the GST system.

For example: A taxpayer’s whose Annual aggregate turnover (AATO) was less than/ up to ₹ 5 Crore in preceding FY and has filed Form GSTR-3B for the period June 2021 (let’s say at least) by last day of the first month of the next quarter ie by 31st July, 2021.

3. Is the QRMP scheme available to every taxpayer?

No, the QRMP scheme is not available to every taxpayer.

The QRMP scheme can be availed only by those taxpayers who are liable to file Form GSTR-1 and Form GSTR-3B returns and can be opted by:

• Registered taxpayer (Normal taxpayer, SEZ Developer, SEZ unit)

• Taxpayers who have opted out of composition scheme

• Persons applying for a fresh registration as Normal taxpayer

Note: The scheme is not available for taxpayers whose Annual aggregate turnover (AATO) is more than ₹ 5 Crores.

4. What are the pre-conditions for opting for QRMP scheme for a taxpayer?

Following pre-conditions must be fulfilled by a taxpayer to opt for QRMP scheme:

• Taxpayer must be registered as a regular taxpayer or opted out of composition scheme

• Taxpayer must have a valid User ID and password

• The Annual aggregate turnover (AATO) in current and preceding FY (if applicable) is up to ₹ 5 Cr.

• The Form GSTR-3B return for most recent tax period has been filed.

• There is no data saved on the portal in Form GSTR-1 for the applicable period (i.e. period for which you are opting for QRMP scheme).

Invoice Furnishing Facility (IFF)

5. What is IFF?

IFF stands for Invoice Furnishing Facility for taxpayers who have opted for QRMP scheme to declare outward supplies to a registered person for first two months of any quarter. It is an optional facility. The facility will be similar to Form GSTR-1. It allows filing for only B2B invoices, credit notes, debit notes etc. Last date of filing IFF for a month is the 13th of the next month. This will allow recipient taxpayers to take credit of these invoices in the same month, if reported in IFF, by the supplier taxpayer under QRMP scheme.

Opting for QRMP Scheme

6. Presently, I am filing Form GSTR-1 at quarterly frequency and Form GSTR-3B at monthly frequency, will I be able to opt out of the QRMP scheme?

Please note that from the quarter January – March 2021 onwards, you will be assigned to QRMP scheme by the GST System. You can choose to opt out from the QRMP scheme and if so, you would need to file both Form GSTR-1 and Form GSTR-3B on Monthly frequency.

However, you may continue to remain in the QRMP scheme and file both Form GSTR-1 and Form GSTR-3B at quarterly frequency.

7. From where can I opt in or opt out from the QRMP scheme?

Login to the GST portal using your valid credentials and then navigate to Services > Returns > Opt-in for Quarterly Return option to opt in or opt out of the QRMP scheme.

8. Can I avail the QRMP scheme at any point of time during a financial year?

You can opt in or opt out of the QRMP scheme as per the timelines mentioned in the table below:

9. Can a GST Practitioner opt in/ opt out of the QRMP scheme on behalf of taxpayer?

No, a GST practitioner cannot opt in/ opt out of the QRMP scheme on the behalf of taxpayer. A GST Practitioner can only view details.

10. I have multiple GSTINs on the same PAN in same/different States. Can I opt in for the QRMP scheme for some specific GSTINs only?

Yes, you may opt for the QRMP Scheme for certain GSTINs and remain out of the scheme for remaining GSTINs, registered on a common PAN.

Migration of Existing taxpayers to QRMP Scheme

11. Before commencement of QRMP scheme, will the GST system assign the existing taxpayers to this scheme?

Yes, for the Quarter Jan to Mar 2021, all the registered taxpayers whose Annual Aggregate Turnover (AATO) in the FY 2019-20 was up to ₹ 5 Crore and has not exceeded ₹ 5 Crore turnover in current FY i.e. 2020-21 and have furnished there return in Form GSTR-3B for the month of October 2020 by 30th November 2020, will be assigned to QRMP scheme by the GST system.

12. What are the rules based on Annual Aggregate Turnover (AATO) by which the existing taxpayers will be assigned to QRMP Scheme by the GST system?

The existing taxpayers will be migrated to the QRMP scheme, based on the following criteria of annual aggregate turnover.

Note: In case your return in Form GSTR-3B for the month of Oct. 2020 is not filed by 30th November 2020, GST Portal will migrate your profile to Monthly Return filing option.

Changing Profile After Opting for QRMP Scheme

13. Can I change and save my profile for two consecutive quarters in a year?

No, you cannot take actions for two consecutive quarters simultaneously on the GST Portal. At any given point of time, you can opt in/ opt out for a single quarter only.

Note: The option selected in the current quarter will continue to be the option for the subsequent quarters also.

14. I have saved Form GSTR-1 for this quarter but filing of Form GSTR-3B return is pending. Can I opt for the scheme now?

No, you cannot opt for the QRMP scheme, if you have saved any details in Form GSTR-1 for that particular quarter. You can delete the saved records in Form GSTR-1 and then choose to opt into the scheme.

15. As part of transition to the scheme, my GSTIN was migrated to the QRMP scheme for the Quarter Jan-Mar 2021. Do I need to again opt for the scheme for next quarter(s)?

No, once you have opted for QRMP scheme or have been assigned to QRMP scheme by the GST system, the same will continue for subsequent quarters (unless you want to opt out of the scheme or in case the aggregate turnover for current FY exceeds ₹ 5 Crore during a quarter).

16. I have opted for the QRMP scheme. Will I now be required to file both Form GSTR1 and Form GSTR-3B on quarterly frequency?

Yes, if you opt for QRMP scheme, both Form GSTR-1 and Form GSTR-3B will be required to be filed at quarterly frequency. However, Payment needs to be made every month, for tax dues on monthly basis through a challan.

17. I am a new registered taxpayer; will I be able to opt for the QRMP scheme?

Yes, new registered taxpayer whose AATO is up to ₹ 5 Crores can opt for the QRMP scheme based on the following conditions:

1. The registration is granted on any date during the first month of a quarter will be able to opt for QRMP scheme from the beginning itself.

For example, a person granted registration upto 31st January, 2021, will be able to opt for QRMP Scheme from the quarter Jan-Mar, 2021 itself by 31st January, 2021.

2. If, however, the registration is granted on any of the dates during latter 02 months of a quarter, they will be able to opt for QRMP scheme only from next quarter onwards.

For example, a person granted registration on or after 1st February, 2021, will be able to opt for QRMP Scheme only from Quarter Apr-June, 2021 onwards and will have to file Form GSTR-1 and Form GSTR-3B returns monthly, for the months of February and March, 2021.

18. Whether it is required to exercise the option every quarter / year?

No, registered persons are not required to exercise the option every quarter. Where such option has been exercised once, they will continue to furnish the return as per the selected option for future tax periods, unless they revise the said option or their AATO exceeds ₹ 5 Crore.

19. If a tax payer has opted for QRMP scheme and his AATO exceeds ₹ 5 Crores, then will the scheme be valid?

No, in case the AATO of a taxpayer exceeds the limit of ₹ 5 Crores, the tax payer will not be eligible for the QRMP scheme.

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Government may impose 18% GST Tax on Bitcoin - GST NEWS

Extension of time limits for ITR AND GST Annual Return F.Y 2019-20 - GST NEWS

 Government of India

Ministry of Finance

Department of Revenue

New Delhi 30.th December, 2020

PRESS RELEASE

Extension of time limits

In view of the challenges faced by taxpayers in meeting the statutory and regulatory compliances due to the outbreak of COVID-19, the Government brought the Taxation and Other

Laws (Relaxation of Certain Provisions) Ordinance, 2020 (‘the Ordinance’) on 31st March, 2020 which, inter alia, extended various time limits. The Ordinance has since been replaced by the Taxation and Other Laws (Relaxation and Amendment of Certain Provisions) Act.

2. The Government issued a Notification on 24th June, 2020 under the Ordinance which, inter alia, extended the due date for all Income Tax Returns for the FY 2019-20 (AY 2020-21) to 30th November, 2020. Hence, the returns of income which were required to be filed by 31st July, 2020 and 31st October, 2020 were required to be filed by 30th November, 2020. Consequently, the date for furnishing various audit reports including tax audit report under the Income-tax Act, 1961 (the Act) was also extended to 31st October, 2020.

3. In order to provide more time to taxpayers for furnishing of Income Tax Returns, the due date was further extended vide notification No 88/2020/F. No. 370142/35/2020-TPL dated 29th October, 2020:

(A) The due date for furnishing of Income Tax Returns for the taxpayers (including their partners) who are required to get their accounts audited [for whom the due date (i.e. before the said extension) as per the Act was 31st October, 2020] was extended to 31st January,2021.

(B) The due date for furnishing of Income Tax Returns for the taxpayers who are required to furnish report in respect of international/specified domestic transactions [for whom the due date (i.e. before the said extension) as per the Act was 30th November, 2020] was extended to 31st January, 2021.

(C) The due date for furnishing of Income Tax Returns for the other taxpayers [for whom the due date (i.e. before the said extension) as per the Act was 31st July, 2020] was extended to 31st December, 2020.

(D) Consequently, the date for furnishing of various audit reports under the Act including tax audit report and report in respect of international/specified domestic transaction was also extended to 31st December, 2020.

4. Considering the problems being faced by the taxpayers, it has been decided to provide further time to the taxpayers for furnishing of Income Tax Returns, tax audit reports and declaration under Vivad Se Vishwas Scheme. Further, in order to provide more time to taxpayers to comply under various ongoing proceedings, the dates of completion of proceedings under various Direct Taxes & Benami Acts have also been extended. These extensions are as under:

a. The due date for furnishing of Income Tax Returns for the Assessment Year 2020-21 for the taxpayers (including their partners) who are required to get their accounts audited and companies [for whom the due date, as per the provisions of section 139(1) of the Income-tax Act,1961, was 31st October, 2020 and which was extended to 30th November, 2020 and then to 31st January, 2021] has been further extended to 15th February, 2021.

b. The due date for furnishing of Income Tax Returns for the Assessment Year 2020-21 for the taxpayers who are required to furnish report in respect of international/specified domestic transactions [for whom the due date, as per the provisions of section 139(1) of the Income tax Act,1961, was 30th November, 2020 and which was extended to 31st January, 2021] has been further extended to 15th February, 2021.

c. The due date for furnishing of Income Tax Returns for the Assessment Year 2020-21 for the other taxpayers [for whom the due date, as per the provisions of section 139(1) of the Income tax Act, 1961, was 31st July, 2020 and which was extended to 30th November, 2020 and then to 31st December, 2020] has been further extended to 10th January, 2021.

d. The date for furnishing of various audit reports under the Act including tax audit report and report in respect of international/specified domestic transaction for the Assessment Year 2020-21 has been further extended to 15th January, 2021.

e. The last date for making a declaration under Vivad Se Vishwas Scheme has been extended to 31st January, 2021 from 31st December, 2020.

f. The date for passing of orders under Vivad Se Vishwas Scheme, which are required to be passed by 30th January, 2021 has been extended to 31st January, 2021.

g. The date for passing of order or issuance of notice by the authorities under the Direct Taxes & Benami Acts which are required to be passed/ issued/ made by 30th March, 2021 has also been extended to 31st March, 2021.

5. Further, in order to provide relief for the third time to small and middle class taxpayers in the matter of payment of self-assessment tax, the due date for payment of self-assessment tax date is hereby again being extended. Accordingly, the due date for payment of self-assessment tax for taxpayers whose self-assessment tax liability is up to Rs. 1 lakh has been extended to 15th February, 2021 for the taxpayers mentioned in para 4(a) and para 4(b) and to 10th January, 2021 for the taxpayers mentioned in para 4(c).

6. The Government has also extended the due date of furnishing of annual return under section 44 of the Central Goods and Services Tax Act, 2017 for the financial year 2019-20 from 31st December, 2020 to 28th February, 2021.

7. The necessary notifications in this regard shall be issued in due course.

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FILING GST ANNUAL RETURN (GSTR9 & 9C) Extended Till 28 Feb 2021 - GST NEWS

[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)]

Government of India

Ministry of Finance

(Department of Revenue)

Central Board of Indirect Taxes and Customs

Notification No. 95/2020 – Central Tax

New Delhi, the 30th December, 2020

G.S.R.....(E).– In exercise of the powers conferred by sub-section (1) of section 44 of the

Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification

referred to as the said Act), read with rule 80 of the Central Goods and Services Tax Rules,

2017 (hereafter in this notification referred to as the said rules), the Commissioner, on the

recommendations of the Council, hereby extends the time limit for furnishing of the annual

return specified under section 44 of the said Act read with rule 80 of the said rules,

electronically through the common portal, for the financial year 2019-20 till 28.02.2021.

[F. No. CBEC-20/06/13/2020-GST]

(Pramod Kumar)

Director, Government of India

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केंद्र ने 23 राज्यों, 3 केंद्र शासित प्रदेशों को GST मुआवजे के 6,000 करोड़ रुपये जारी किए - GST NEWS

केंद्रीय वित्त मंत्रालय ने माल और सेवा कर (GST) की कमी को पूरा करने के लिए 23 राज्यों और तीन केंद्र शासित प्रदेशों को साप्ताहिक किस्त के रूप में 6,000 करोड़ रुपये जारी किए हैं।

जबकि 5,516.60 करोड़ रुपये राज्यों को जारी किए गए हैं, 483.40 रुपये यूटी को दिए गए हैं। शेष पांच राज्यों - अरुणाचल प्रदेश, मणिपुर, मिजोरम, नागालैंड और सिक्किम-- में जीएसटी कार्यान्वयन के कारण राजस्व का अंतर नहीं है।

सभी राज्यों और तीन केंद्र शासित प्रदेशों ने अब इस विशेष खिड़की का विकल्प चुना है।

केंद्र इस खाते पर कुल मिलाकर 1.10 ट्रिलियन रुपये उधार लेगा। इस सप्ताह जारी राशि को 4.2 प्रतिशत ब्याज दर पर उधार लिया गया था। केंद्र ने अब तक 4.7 प्रतिशत की औसत ब्याज दर पर इस गणना पर 36,000 करोड़ रुपये उधार लिए हैं।

विशेष विंडो के अलावा, राज्यों को अपने संबंधित सकल राज्य घरेलू उत्पाद के 0.5 प्रतिशत तक के बाजारों से आगे उधार लेने की अनुमति भी दी गई थी। इस प्रावधान के तहत 28 राज्यों को 1.06 ट्रिलियन की अतिरिक्त राशि उधार लेने की अनुमति दी गई है।

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Generate E-Way Bill Through IRN No., Ack No. and Date  - GST NEWS

Step By Step Process for Generate E-Way Bill Through 

                

                                         

          

                                     (6) Here the user will first enter the transporter name, transporter ID and approximate distance (km) to be covered by the shipment. 

                                         

                              (7) The e-waybill system will Auto - calculate and display the estimated motorable distance between the supplier and recipient addresses as per the PIN codes entered in e-invoice entry form. User is also allowed to enter the actual distance as per the movement of goods. However, it will be limited to 10% more than the auto calculated distance displayed. In case, the PIN Code of both source and destination are same, the user is allowed to enter distance up to a maximum of 100 KMs only. The user has to select the mode of transportation - road, rail, air or ship and vehicle type. Next he has to update the vehicle no. and transporter doc no. and date. Once a request for EWB is submitted, the system validates the entered values and pops up appropriate message if there is any error. Otherwise the system generates the EWB with unique 12 digit number. 

                                      

                             (8) Click on Print option for E-way bill printout.

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Rs 1,04,963 crore of gross GST Revenue collected in the month of November 2020

Source : -Pib gov

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