Circular no. 113/2019 – Clarification regarding GST rates & classification of goods
In this circular, the CBIC has clarified the taxation of the following items:- i. Classification of leguminous vegetables such as grams when subjected to mild...
Notification No. 49/2019-Central tax – New ITC credit rules, retrospectively replacement of GSTR 3B with GSTR 3
The CBIC has notified the notified the new ITC credit rule regarding the availment of ITC over and above the ITC reflected in GSTR 2A...
Notification No. 48/2019-Central tax – Extension of prescribed due date for GST returns in the state of Jammu & Kashmir
The CBIC has notified the due date for the GST returns for the state of Jammu & Kashmir which are as follows:- Description Month Due...
Notification No. 47/2019-central tax – Optional GST annual return of FY 2017-18 and 2018-19 for turnover of upto Rs. 2 Crore
The CBIC has notified the much awaited recommendation of the GST council meeting in which it has been decided that the taxable persons are not...
Notification no. 46/2019-Central tax – Prescribing due date for monthly GSTR 1 for the period October 2019 to March 2020
The CBIC has prescribed the due date for the monthly GSTR 1 in case of the taxable persons who are required to file their GSTR...
Notification no. 45/2019-Central tax – Prescribing due date for GSTR 1 for dealers having annual turnover below Rs. 1.5 Crores
The CBIC has notified the due date for the GSTR 1 for the dealers having annual turnover of upto Rs. 1.5 Crores for the period...
Notification No. 44/2019-Central tax – Prescribing the due date for Form GSTR 3B for the period October 2019 to March 2020
The CBIC has notified the due dates for the furnishing of GSTR 3B for the period October 2019 to March 2020 to be 20th of...
Two Persons arrested for involving in fake invoices racket & fraudulently availing Input Tax Credit
The Directorate General of GST Intelligence (DGGI), Gurugram Zonal Unit (GZU), Haryana has arrested two persons namely Sh. Gulshan Dhingra resident of Ramesh Nagar, New...
All about National E-Assessment Scheme
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Gist of the CGST (Rate) Notifications issued by the CBIC on 30.09.2019
Gist of the CGST (Rate) Notifications issued by the CBIC on 30.09.2019 Notification No. Description Link 14/2019-Central Tax (Rate) Seeks to amend notification No 1/2017-...
Notification no. 43/2019-central tax – Excluding manufacturers of Aerated water from composition scheme
Central Board of Indirect Taxes and Customs (CBIC) has excluded the manufacturers of aerated water from the purview of composition scheme vide notification no. 43/2019-central...
Relaxation of additional fees and extension of last date of filing of form BEN-2 and BEN-1
The Ministry of Corporate Affairs has extended the last date of filing of BEN-2 and BEN-1 forms has been extended from 30-09-2019 to 31-12-2019 vide...
Recommendations of 37th GST Council Meeting
Download the PDF presentation of 37th GST council meeting, click here 37th GST Council Meeting Recommendations...
Key Takeaways from the Press Release by Ministry of Finance on 20th September, 2019
Any Domestic Company has an option to pay income tax at the rate of 22% provided that they will not avail any exemption/ incentive. The...
Notification no 63/2019-Cost Inflation Index for FY 2019-20
Central Board of Direct Taxes has notified the cost inflation index for the FY 2019-20 which is 289 vide notification no. 63/2019. To download the...
Notification no. 62/2019 – Giving effects to E assessment scheme 2019
To give effect to the E-assessment scheme, the Central Board of Direct Taxes has notified the notification no. 62/2019 to give effect to the E-assessment...
Notification No. 61/2019 – E-assessment scheme 2019
Central Board of Direct Taxes (CBDT) has notified the E-assessment scheme 2019 on 12th September 2019. In this scheme, the Government has laid down the...
Notification No. 60/2019 – CBDT notifies process for grant of approval for exemption under sub clauses 10(23C)
Central Board of Direct Taxes (CBDT) has notified the Forms for the purpose of grant of approval for the exemption under sub clause (iv), (v),...
Exception to monetary limits for filing appeals specified in any circular issued under section 268A of Income tax act
Central Board of Direct Taxes (CBDT) has issued the circular no. 23 of 2019 in which exception has been given for the monetary limit for...
Consolidated circular for assessment of Startups – Clarification by CBDT
On 30th August 2019, the Central Board of Direct Taxes (CBDT) has issued the consolidated circular for start ups in which various issues for start...
Clarification on TDS on cash withdrawals applicable from 1st September 2019 onwards
Central Board of Direct Taxes (CBDT) has released a clarification on 30th August 2019 in which the clarifications have been made regarding the applicability and...
Notifications issued by CBIC on 31st August 2019
On 31st August 2019, the Central Board of Indirect Taxes and Customs (CBIC) have issued 4 notifications in which various amendments have been introduced. In...
Extension of due date of filing GSTR 9, 9A and 9C till 30-11-2019
Central Board of Indirect Taxes and Customs has decided to extend the due date for the filing of GST Annual returns and GST Audit from...
CBDT clarifies eligibility of small start ups to avail tax holiday
The Central Board of Direct Taxes (CBDT) has issued the clarification on the eligibility of small start ups to become eligible to avail the tax...