GST news
Relaxation in the requirement of filing FORM GST ITC-04 and unutilized ITC: 45th GST council meeting
Taxpayers whose annual aggregate turnover in preceding financial year is above Rs. 5 crores shall furnish ITC-04 once in six...
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Clarification relating to refund of tax wrongly specified under interstate instead of intrastate or vice versa
It covers both the cases where the inter-State or intra-State supply made by a taxpayer, is either subsequently found by...
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Major GST changes in relation to rates and scope of exemption on Services by 45th GST council meeting
The GST Council’s 45th meeting was held on 17.09.2021 in Lucknow under the chairmanship of the Union Finance & Corporate Affairs...
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1 day late fees and interest waived by GST due to difficulty faced by taxpayer
"A few taxpayers have reportedly faced difficulty in updation of their Electronic cash ledger on 20.09.2021 while filing their GSTR...
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Advisory for Taxpayers regarding Generation of EWB where the principal supply is Supply of services
Therefore, in cases where the principal supply is purely a supply of service and involving no movement of goods, the...
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Major changes in GST rates on goods such as renewable energy goods, waste scrap after 45th GST council meeting
The GST Council’s 45th meeting was held today in Lucknow under the chairmanship of the Union Finance & Corporate Affairs Minister...
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Late fee for delayed filing of FORM GSTR-1 to be auto-populated in FORM GSTR-3B: 45th GST council meeting
Thus, till now people were not paying any late fees but from now on if someone files GSTR 1 after...
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ITC on inputs used in manufacturing expired cakes & pastries is not admissible and required to be reversed: Gujarat AAR
In Conspectus of aforementioned findings, we hold that subject matter is covered under section 17(5) (h) of CGST Act and...
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Clarification regarding extension of time limit to apply for revocation of cancellation of registration in view of Notification No. 34/2021
The said notification specifies that where the due date of filing of application for revocation of cancellation of registration falls...
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GST Revenue collection for August 2021 ₹ 1,12,020 crore | GST revenue collection
The gross GST revenue collected in the month of August 2021 is ₹ 1,12,020 crore of which CGST is ₹ 20,522 crore, SGST...
Read moreDate for filing application for revocation of cancellation of registration extended
In view of the notification 34/2021 -Central dated 29th Aug 2021, where the due date of filing of application for...
Read moreExtension of closing date of amnesty scheme related to relaxation of late fee under GST for GSTR 3B
The last date to avail benefit of the late fee amnesty scheme, has now been extended from existing 31.08.2021 to...
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GSTR 1 cannot be filed by tax payers if GSTR 3B has not been filed for previous month or previous tax period | GST return filin
a) a registered person shall not be allowed to furnish the details of outward supplies of goods or services or...
Read moreAdvisory on HSN and GSTR-1 Filing | GST return filing
In accordance with Notification No. 78/2020 – Central Tax, dated October 15, 2020, taxpayers need to declare Harmonised System of...
Read moreAdvisory for Taxpayers regarding Blocking of E-Way Bill (EWB) generation facility resume after 15th August, 2021
Thus, after 15th August 2021, the System will check the status of returns filed in Form GSTR-3B or the statements...
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GSTR 9/ 9C due date to be extended to 31.10.2020 | E-invoicing will be voluntary in the beginning
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How to pay Membership and COP fees of ICAI for 2020-21 |
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Code/ Nature of payment 6CR updated by NSDL in challan 281 for paying TCS on sale of goods
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Are all the due dates of tax audit and Income tax return for FY 2019-20 extended to 31.03.2021 by the bill presented in Lok sabha Dt. 18.09.2020
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SFT transaction mentioned in Form 26AS | What does it mean? | Who reports it? | SFT codes transaction type
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- No relief under section 87A for capital gain even after date extended to file revised return for AY 2024-25?
- Statutory Audit of Cash and Cash Equivalents in Indian Companies [Company Law]
- Statutory Audit of Trade Receivables in Indian Companies [Company law]
- Statutory Compliance Calendar for February 2025 | Income tax, GST and various other laws
- Budget 2025 updates | Income tax and GST updates
- Assessee receiving message for 80GGC donation for AY 2022-23 from Income tax department
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