Search Results for: CAIT

At 89.67%, Chandigarh tops GST chart in country

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Leading over all states and Union Territories of the country, Chandigarh ranked first in the country in the Goods and Service Tax (GST) collections by registering 89.67% filing of GST returns in the first six months of the current financial year, from April 1 till September 30. In a first-of-its-kind achievement since the launch of GST in 2017, Chandigarh posted record filing of returns to top the chart in the first-half of 2019-20 fiscal, leaving behind Punjab, Gujarat and Haryana, which rank…

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Traders want GST norms to be further simplified 

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Shortly after the Union finance minister Nirmala Seetharaman announced measures to help businessmen combat recession, city-based traders are demanding more benefits. They are of the view that the norms governing the GST should be further eased and the government should take steps like making tax payments under the GST on quarterly basis for small industrialists. Recently, the tractor parts manufacturers and traders association (TPMA), Ludhiana, organized a meeting with Pawan Garg, deputy excise and taxation commissioner (DETC), Ludhiana, and expressed…

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Traders’ body urges Centre to lower GST rate on auto parts, aluminium utensils

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A traders’ body has urged the Finance Ministry to lower Goods & Services Tax (GST) on various items, including auto parts and aluminium utensils. These are among the 28 items that attract GST at the rate of 28 per cent, the highest slab rate. This was part of a white paper, prepared and submitted by the Confederation of All India Traders (CAIT) to Finance Minister Nirmala Sitharaman. The paper presented views for simplification and rationalisation of the GST tax structure….

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Government extends deadline for filing annual GST return by three months

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The government has extended the due date of filing annual Goods and Services Tax (GST) return by three months. “The competent authority has decided to extend the due date for filing GSTR-9, GSTR-9A and GSTR-9C till March 31, 2019,” the Central Board of Indirect Taxes & Customs (CBIC) said in a notification on Friday. The previous deadline was December 31, 2018. “The requisite forms shall be made available on the GST common portal shortly,” the notification added. It further stated…

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GST Network glitches: Traders body blames Infosys, demands CBI probe; company terms allegations ‘false’

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An association of traders has blamed Infosys for the glitches in the GST Network and demanded a CBI probe into its alleged negligences, a charge that India’s second-largest IT services firm vehemently denied. Infosys in 2015 won a Rs 1,380-crore deal for developing and running Goods and Services Taxes backend, called GST-Network or GSTN. The Confederation of All India Traders (CAIT) in a statement said it was “disgusted with the poor and dismal performance of GST portal” and held Infosys majorly…

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GST registrations up, but fewer tax returns in August

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The tax base or those registered for GST has gone up in August but the number of filings so far is lower than the previous month as businesses grapple with technology issues and take advantage of the government’s decision to waive penalty for late filing. So far in August, the second month of Goods & Service Tax, around 35 lakh taxpayers of the 67.73 lakh required to file returns have managed to pay tax and file returns, which is a little over…

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Traders, businesses learn the ABC of GST as roll-out deadline nears

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With just three weeks left for the roll-out of the goods and services tax (GST) from July 1, millions of traders and businesses, including big and small, are making a beeline for classes to learn the ABC of the new tax system. Industry bodies, such as the Confederation of All India Traders (CAIT) and the Retailers Association of India (RAI), are organizing nationwide classes to teach people the nitty-gritty of the GST and how to become GST-compliant. According to industry…

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Govt starts Twitter handle to answer queries on GST

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The Union government on Sunday (May 28) started a new Twitter handle to answer industry queries related to the Goods and Services Tax (GST) proposed to be implemented from July 1. “The Department of Revenue has opened a new Twitter Handle @askGST_GoI to invite queries from all taxpayers on GST,” a finance ministry statement said. “All taxpayers and other stakeholders are welcome to direct their queries related to GST on the said Twitter handle for early resolution and clarification,” it…

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