Important Amendment in GST Rules
GSTR-1 & GSTR-2 related [effective from 1-1-2021] The registered persons required to furnish GSTR 3B return quarterly need to furnish…
Unutilized ITC on input services cannot be claimed as refund under inverted duty structure option
Writ petitions filed (Tvl. Transtonnelstroy Afcons Joint Venture & Oth. Vs. Union of India- W.P No.8596 of 2019…
GST Update – Important decisions taken during 42nd GST council meeting
Due date of furnishing quarterly GSTR-1 by quarterly taxpayers to be revised to 13th of the month succeeding the…
Key changes related to changes in Annual Return GSTR 9 and 9C for F.Y. 2019-20
Turnover in Prev. F.Y. HSN digits to be mentioned Nature of transactions Up to 5…
TCS on sale of Goods – Are You Ready
Effective from 1-10-2020, TCS will be applicable u/s. 206C (1H) of Income Tax Act where the seller…
Interest Payable on GST Payable in Cash after setting of ITC notified effective from 1-9-2020
Disclaimer: The purpose of this blog is for education purpose and should not be construed as professional advice….
Custom Dept. prescribed mechanism for GST Refund in case of mis-match in export invoice
Office of the Commissioner Customs (JNCH) issued public notice no. 100/2020 dated 14th August, 2020 prescribing alternative mechanism…
MSME issued clarifications on 6th August, 2020 related to registration under new scheme
All existing EM part II and Udyog Aadhaar issued prior to 30th June, 2020 shall continue to be…
Possible Impact of Pandemic & Lockdown on Indian Economy
The National Statistical Office (NSO) has put out the figures of Gross Domestic Product (GDP) for Q1…