GST… SUMMARY OF RECENT GST NOTIFICATIONS ISSUED BY CBIC 6 May 20206 May 2020 Central Board of Indirect Taxes and Customs issued the following Notifications on 05/05/2020 which have been summarized below: Notification No. 38/2020 – Central Tax1. A registered person registered under the…
GST CBIC Issues New Circular to Clarify Issues Faced by Taxpayers in Adhering to the Compliance Requirements under Provisions of the CGST Act 15 Apr 202015 Apr 2020 Since the CBIC issued Circular No.136/06/2020-GST dated 03/04/2020 regarding relief measures taken by the Government for facilitating taxpayers in meeting the compliance requirements under various provisions of the Central Goods…
GST… ANALYSIS ON APPLICABILITY OF GST ON REMUNERATION PAID TO DIRECTORS 14 Apr 202014 Apr 2020 In a recent ruling, the Authority of Advance Ruling, Rajasthan (‘AAR’) in case of Clay Craft India Pvt. Ltd. held that the GST shall be chargeable on the remuneration paid…
GST… RECENT CHANGES IN GST 4 Apr 202014 Apr 2020 1.Relief Measures relating to Statutory and Regulatory Compliance Matters regarding to GST in view of COVID-19 Outbreak Last date for filing GSTR-3B in March, April and May 2020 is extended…
GST Service Tax Dispute Resolution Scheme extended to 30th june, 2020. 31 Dec 201928 Mar 2020 Service Tax Dispute Resolution Scheme extended to 30th June, 2020.
GST Opportunity to clear the backlog of GSTR-1. 27 Dec 201927 Dec 2019 As a one-time measure to enable taxpayers to clear the backlog of all GSTR-1 which have not been filed from July 2017 to Nov 2019, a late fee waiver till…
GST No late Fee of GSTR-1 if returns furnished between Dec 19, 2019 to Jan 10, 2020 for period July, 2017 to Nov,2019 27 Dec 2019 CBIC has waived Late Fees payable u/s 47 of CGST Act, 2017, for the registered person who failed to furnish the details of outward supplies for the months/quarters from July,…
GST FinMin asks industry to be cautious while filing annual GST returns form 8 Mar 2019 Th Finance Ministry on Thursday asked trade and industry to exercise caution while filing the annual GST returns form as the facility to revise it is not available. In a…
GST No ITC is admissible on ambulance purchased as it is blocked under section 17(5) of GST Act: AAR 28 Feb 201928 Feb 2019 GST : Input tax credit on inward supply of ambulance, being a motor vehicles, is not admissible under section 17(5)(a) and exception carved out under section 17(5)(b)(iii)(A) for services which…
GST GST : No Input credit on Construction of Warehouse even on pre-fabricated technology:AAR-West Bengal 28 Feb 201928 Feb 2019 • The applicant, supplying warehousing services was constructing a warehouse on leasehold land, using pre-fabricated technology. According to the applicant, it could be dismantled and reconstructed at a different location.…
