Recommendations relating to GST laws and procedures in 45th GST Council Meeting
There are various recommendations relating to GST laws and procedures which have been recommended by the 45th GST Council Meeting which are as follows:- In...
Category : GST
Relaxation in the requirement of filing of Form GST ITC 04
In the 45th GST Council Meeting, it has been recommended that there has been a relaxation in the filing of Form ITC 04. Requirement of...
Recommendations relating to GST rates on goods and services
In the 45th GST Council Meeting headed by Union Finance Minister Smt. Nirmala Sitharaman, various rate changes have been discussed and recommended by the GST...
Advisory for Taxpayers regarding Generation of EWB where the principal supply is Supply of services.
1. Representations have been received from various trade bodies stating that they are not able to generate EWB bill for movement of those goods where...
The Supreme Court affirms the decision of Madras High Court wherein it was held that Rule 89(5) does not restrict itself to ITC on goods but it also includes ITC on services while claiming refund under Inverted Duty Structure. (13-09-2021)
Facts of the Case Writ petitions under Article 226 of the Constitution were instituted before the High Court of Gujarat and the High Court of...
CBIC releases CGST Act 2017 updated upto 31-08-2021
The Central Board of Indirect Taxes and Customs (CBIC) has released the CGST Act 2017 updated as on 31-08-2021. To view and download the Act,...
Clarification regarding extension of time limit to apply for revocation of cancellation of registration
The Central Board of Indirect Taxes and Customs (CBIC) has issued the clarification on 6th September 2021 vide Circular No. 158/41/2021 – GST in which...
Rule 59(6) – Restriction on filing of GSTR 1 with effect from 1-9-2021
As per the Notification no. 01/2021 – Central Tax dated 1st January 2021, it has been notified that there should be restriction on filing of...
Notification No. 34/2021 – Central Tax – Extension of timelines for filing of application for revocation of cancellation of registration to 30.09.2021, where due date for filing such application falls between 01.03.2020 to 31.08.2021, in cases where registration has been canceled under clause (b) or clause (c) of section 29(2) of the CGST Act
The CBIC vide Notificaiton No. 34/2021 – Central Tax has extended the time limit for making the application for revocation of cancellation of registration where...
Notification No. 33/2021 – Central Tax – Extension of Form GSTR 3B amnesty scheme from 31-08-2021 to 30-11-2021
The Central Board of Indirect Taxes and Customs (CBIC) has notified the Notification related to extension of GST amnesty extension in respect of filing of...
Notification No. 32/2021 – Central Tax – Enabling EVC for filing till 31-10-2021
The Central Board of Indirect Taxes and Customs (CBIC) has notified Notification No. 32/2021 dated 29-08-2021 in which the following have been stated :- a....
No need for Part B – Certification by Professionals in Form 9C for FY 2020-21
In order to give effect to the Union Budget recommendations to abolish the GST Audit by a Chartered Accountant or a Cost Accountant, the Central...
Waiver of penalty payable for non-compliance of provisions of Notification No. 14/2020 dated 21st March 2020
The CBIC has issued the Notification No. 28/2021 – Central Tax in which the Government has relaxed the provisions related to QR code in E-invoicing....
Updation of Import Export Code extended till 31-07-2021
The DGFT has extended the deadline for updating the Import Export Code in continuation of Notification No. 58 dated 12-2-21. According to the original notification,...
CBIC issues clarification regarding QR code on B2C invoices
The Central Board of Indirect Taxes and Customs (CBIC) has issued the Circular No. 156/12/2021 – GST has issued the circlar clarifying the applicability of...
Clarification regarding GST rate on laterals/parts of Sprinklers or Drip Irrigation System
The CBIC has clarified the GST rate on laterals / parts of sprinklers or Drip Irrigation system. To view and download the circular click here...
Clarification regarding GST on service supplied by State Govt. to their undertakings or PSUs by way of guaranteeing loans taken by them
The CBIC has clarified that there should be No GST on service of State Government on guaranting the loan provided to their undertakings or PSUs....
Clarification regarding GST on milling of wheat into flour or paddy into rice for distribution by State Governments under PDS
The CBIC has clarified the GST rate on the GST on milling of wheat into flour or paddy into rice for distribution by State Governments...
Clarification regarding GST rate on construction services provided to a Government entity in relation to construction such as Ropeway
The CBIC vide Circular No. 152/08/2021 has clarified the rate of GST rate on the construction of Ropeway for the Turnkey projects to be 18%...
Clarification regarding GST on supply of various services by Central and State Board
The CBIC has clarified vide Circular No. 151/07/2021, the issue of GST on the following:- a. GST is exempt on services provided by the Central...
Clarification regarding applicability of GST on construction of road where considerations are received in deferred payment
CBIC has notified the circular no. 150/06/2021 in which it has been clarified that the GST should be applicable on the annuity paid for construction...
Clarification regarding applicability of GST on supply of food in Anganwadis and School
With respect to the applicability of GST on the foods supplied to the Anganwadis and School, the CBIC vide circular no. 149/05/2021-GST has clarified that...
Notification No. 02/2021 – Central Tax (Rate) – Allowing utilisation of ITC by Landowner promoter and change in GST rate of Maintenance, Repair and Overhaul services of ships and vessels
The CBIC has issued the Notification No. 02/2021 – Central Tax (rate) in which the following changes have been issued:- a. Allowing the Landowner promoter...
Notification No. 01/2021 – Central Tax (Rate) – Change in the GST rate of HSN 9503 and Diethylcarbamazine
The CBIC on 2nd June 2021 has notified the reduction in the rates of the followng from 12% to 5%. a. HSN 9503 – Toys...
Retrospective amendment to Section 50 notified on 01-06-2021
In the 43rd GST Council Meeting, the GST Council has recommended for the retrospective amendment to Section 50 so as to the levy of interest...