Extension of Time limits for various returns falling due on 31st December 2020
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...
Category : GST
Notification No. 94/2020 – Central Tax – Amendment in CGST rules
On 22nd December 2020, the CBIC has issued the Notification No. 94/2020 in which the various provisions related to ITC utilization and Registration has been...
Notification No. 93/2020 – Central Tax – Waiver of late fee for delay in furnishing Form GSTR 4 for FY 2019-20 till 31st December 2020 in Union Territory of Ladakh
The Central Board of Indirect Taxes and Customs (CBIC) has notified for the waiver of late fee for filing Form GSTR 4 for FY 2019-20...
Notification No. 92/2020 – Central Tax – Appointed date of 1st January 2021 for various amendments introduced in Finance Act 2020 related to GST
The CBIC has notified the Notification No. 92/2020 – Central Tax in which 1st January 2021 has been notified as the designated date for various...
Notification No. 91/2020 – Central Tax – CBIC extends the due date of compliance falling on 29th November and 30th November to 30th March and 31st March 2021 respectively
The CBIC on 14th December 2020 has notified the Notification No. 91/2020 – Central Tax in which it has exercised the powers given in Section...
Standard Operating Procedure (SOP) for verification of taxpayers granted deemed registration
The CBIC, on 27th November 2020, issued the Instructions containing the Standard Operating Procedure (SOP) for verification of taxpayers granted deemed registration. The Instruction reads...
Extension of various due dates falling on 31st October 2020
The Ministry of Finance has extended various due dates falling on 31st October which are as follows:- Particulars Extended due date Tax Audit Report –...
Recommendation of 42nd GST Council Meeting
The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The meeting...
CBIC extends due date for GSTR 9 and 9C for FY 2018-19
The Central Board of Indirect Taxes and Customs has extended the due date for filing the GSTR 9 and GSTR 9C for FY 2018-19 from...
Press release to clarify the Interest on Net tax liability under GST
CBIC has released the Press release amidst of the discussions going on regarding the applicability of the Notification No. 63/2020 – Central Tax. It has...
Interest in GST to be levied on Net Tax Liability w.e.f. 01-09-2020
On 25th August 2020, Central Board of Indirect Taxes and Customs (CBIC) has notified the Notification No. 63/2020 – Central Tax in which it has...
E-Invoicing under GST – A Step-wise Process Guide
e-Invoicing under GST is no longer a future in India but is gradually becoming the present with its implementation from the next quarter: October 2020....
Notification No. 58/2020-Central Tax – Filing of Nil GSTR 3B and GSTR 1 through SMS
The CBIC has notified the Notification no. 58/2020- Central tax dated 1st July 2020 in which rule 67A has been notified which says about the...
Re-credit of GST late fee paid
The CBIC has clarified that those taxpayers who have paid the late fee in respect of the Returns which are due on 24th and 27th...
Notification No. 57/2020 – Lowering of GST late fee for GST filing upto July 2020
In order to provide the relief to the taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) has released the Notification No. 57/2020 –...
Extended due dates of GST Returns
Due dates of GSTR 1 Monthly filing – NN -53/2020-Central Tax Months Due dates March 2020 10th July 2020 April 2020 24th July 2020 May...
Instructions, Notifications and Removal of Difficulty order released on 24th June 2020 and 27th June
The Central Board of Indirect Taxes and Customs has issued various notifications and instructions to give effect to the provisions introduced in the Finance Act...
Recommendations of 40th GST council related to Law & Procedure
On 12th June 2020, the Union Finance Minister Nirmala Sitharaman has hosted the 40th GST Council Meeting in which the following decisions has been taken:-...
CBIC issues clarification in respect of remuneration to Directors
CBIC has issued the clarification in respect of Director remuneration vide Circular No. 140/10/2020 where it has been clarified :- a. In the matter of...
Circular No. 139/09/2020 – Clarification on Refund related issues
In the Circular No. 125/44/2019, it has been clarified that the refund shall be granted even for those invoices which are not being reflected in...
Government rolls out facility of filing of NIL GST Return through SMS
Today, the Ministry of Finance has released the press release in which it has been stated that now the taxpayers can file their Nil GSTR...
ICAI releases Handbooks on GST
The Institute of Chartered Accountants of India (ICAI) has released the Handbooks on the following topics:- Handbook on Advance Ruling under GST – Click here...
Finance Minister announce measures for relief and credit support related to businesses, especially MSMEs to support Indian Economy’s fight against COVID-19
Rs 3 lakh crore Emergency Working Capital Facility for Businesses, including MSMEs Rs 20,000 crore Subordinate Debt for Stressed MSMEs Rs 50,000 crore equity infusion...
Karnataka AAR – Anil Kumar Agrawal – Executive Director Salary exempt from GST
To download the Karnataka AAR, click here Karnataka AAR – Aggregate Turnover – Director Salary – Anil Kumar Agrawal To join our whatsapp group, click...