Category : GST
Anyalysis of Recommendations of 43rd GST Council Meeting
Amnesty scheme to provide relief to taxpayers regarding late fee for pending returns For furnishing the Form GSTR 3b for the period July 2017 to...
Recommendations of 43rd GST Council Meeting held on 28th May 2021
The 43rd GST Council Meeting has held on 28th May 2021 in which major decisions regarding GST amnesty scheme, rationalisation of GST late fee and...
Extension of compliances falling between 15-04-2021 to 30-05-2021 till 31-05-2021
Vide Notification No. 14/2021-Central Tax dated 1st May 2021, the effective date of the Notification being 15th April 2021, the various compliances have been extended...
Relaxation of Norms for Rule 36(4) for April and May 2021 and extension of date of furnishing of IFF for April 2021
Vide Notification No. 13/2021-Central Tax dated 1st May 2021, the CBIC has provide the following relaxations:- a. With respect to Rule 36(4), the provision shall...
Extension of due date of GSTR 4 for Quarter ending 31st March 2021
The CBIC has extended the due date of filing Form GSTR 4 for the Quarter ending March 2021 till 31st May 2021 vide Notification No....
Waiver of late fee on filing GSTR 3B
The CBIC, on 1st May 2021, has notified the waiver of the late fee in respect of filing of the GSTR 3B by the Registered...
Relaxation in Interest Rates for GSTR 3B of Tax periods of March 2021 and April 2021
The Central Board of Indirect Taxes and Customs (CBIC) has lowered the Interest rate under section 50 applicable on various taxpayers for the GST to...
Press release regarding utilisation of ITC
In a recent press release by the Central Board of Indirect Taxes and Customs (CBIC), it has been said that the CBIC is in the...
CBIC issues clarification on Refund related issues
The CBIC has published the Circular related to Refund in case of Zero rated supplies and also clarified the calculation of Adjusted Total Turnover. To...
E-Invoicing to be applicable for Registered Persons having Aggregate Turnover of more than Rs. 50 Crores from 01-04-2021 onwards
The Central Board of Indirect Taxes and Customs (CBIC) has issued the Notification No. 5/2021-Central Tax in which it has been notified that the E-invoicing...
Proposed Abolition of GST Audit – Is it good or bad for the taxpayers?
In the Finance Bill 2021, the Government has proposed to omit the requirement for the GST Audit under section 35(5). The main object for the...
Possible reason for the mismatch between Table 8A and GSTR 2A
On 28th February 2021, the Government has extended the due date for furnishing the GSTR 9 and GSTR 9C for the FY 2019-20 which is...
Extension of Due date of GSTR 9 and GSTR 9C for FY 2019-20 till 31-03-2021
The CBIC has extended the due date for furnishing the GSTR 9 and GSTR 9C for the FY 2019-20 from 28th February 2021 to 31st...
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...
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....