Due Dates for filing of Form GSTR-9 and Form GSTR-9C further extended to 31-10-2020 for FY 2018-19.
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Recent Updates

CBIC Notification issued on 10/11/2020

 

  Seeks to implement e-invoicing for the taxpayers having aggregate turnover exceeding Rs. 100 Cr from 01st January 2021.

  Seeks to extend the due date for furnishing of FORM ITC-04 for the period July- September 2020 till 30th November, 2020. 

  Seeks to rescind Notification 76/2020-Central tax dated 15.08.2020.  

  Seeks to notify special procedure for making payment of 35% as tax liability in first two month. 

  Seeks to notify class of persons under proviso to section 39(1).  

  Seeks to extend the due date for FORM GSTR-1.  

  Seeks to make the Thirteenth amendment (2020) to the CGST Rules 2017.  

  Seeks to notify amendment carried out in sub-section (1), (2) and (7) of section 39 vide Finance (No.2) Act, 2019.  

CBIC - Circular issued on 10/11/2020

 

Schemes for Rebate of State Levies (RoSL).

CBIC - Customs Circular issued on 03/11/2020

 

Schemes for Rebate of State Levies (RoSL).

CBIC Notification issued on 28/10/2020

 

Seeks to amend notification no. 41/2020-Central Tax dt. 05.05.2020 to extend due date of return under Section 44 till 31.12.2020.

CBIC Notification issued on 15/10/2020

 

  Seeks to make the Twelfth amendment (2020) to the CGST Rules.2017.

  Seeks to notify the number of HSN digits required on tax invoice.  

  Seeks to make filing of annual return under section 44 (1) of CGST Act for F.Y. 2019-20 optional for small taxpayers whose aggregate turnover is less than Rs 2 crores and who have not filed the said return before the due date.  

  Seeks to prescribe return in FORM GSTR-3B of CGST Rules, 2017 along with due dates of furnishing the said form for October, 2020 to March, 2021.  

  Seeks to prescribe the due date for furnishing FORM GSTR-1 by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the current financial year, for each of the months from October, 2020 to March, 2021.  

  Seeks to prescribe the due date for furnishing FORM GSTR-1 for the quarters October, 2020 to December, 2020 and January, 2021 to March, 2021 for registered persons having aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year.  

CBIC Press Release issued on 09/10/2020

 

Press Release on Annual Return (GSTR-9) and Reconciliation Statement (GSTR 9C) for FY 2018-19

CBIC Circular issued on 09/10/2020

 

Clarification of issues relating to application of sub-rule (4) of rule 36 of the CGST Rules, 2017, cumulatively for the months of February, 2020 to August, 2020

CBIC Notification issued on 01/10/2020

 

Seeks to notify a special procedure for taxpayers for issuance of e-Invoices in the period 01.10.2020 - 31.10.2020.

CBIC Notification issued on 30/09/2020

 

  Seeks to make the Eleventh amendment (2020) to the CGST Rules.

  Seeks to amend notification 14/2020- Central Tax to extend the date of implementation of the Dynamic QR Code for B2C invoices till 01.12.2020.  

  Seeks to amend notification no. 13/2020-Central Tax dt. 21.03.2020.  

  Seeks to amend notification no. 41/2020-Central Tax dt. 05.05.2020 to extend due date of return under Section 44 till 31.10.2020  

  Extension of CGST exemption on services by way of transportation of goods by air or by sea from customs station of clearance in India to a place outside India, by one year i.e. upto 30.09.2021.  

CBIC Notification issued on 21/09/2020

 

  Seeks to grant waiver / reduction in late fee for not furnishing FORM GSTR-10, subject to the condition that the returns are filled between 22.09.2020 to 31.12.2020.

  Seeks to grant waiver / reduction in late fee for not furnishing FORM GSTR-4 for 2017-18 and 2018-19, subject to the condition that the returns are filled between 22.09.2020 to 31.10.2020.  

  Seeks to give one time extension for the time limit provided under Section 31(7) of the CGST Act 2017 till 31.10.2020.  

CBIC Notification issued on 01/09/2020

 

Seeks to amend notification no. 35/2020-Central Tax dt. 03.04.2020 to extend due date of compliance under Section 171 which falls during the period from "20.03.2020 to 29.11.2020" till 30.11.2020.

CBIC Notification issued on 31/08/2020

 

Seeks to extend the due date for filing FORM GSTR-4 for financial year 2019-2020 to 31.10.2020.

CBIC - Press Released issued on 29/08/2020

 

   GSTN launches auto-drafted ITC statement GSTR-2B for July.

   GSTN enables Import data in GSTR-2A  

CBIC Notification issued on 25/08/2020

 

Seeks to notify the provisions of section 100 of the Finance (No. 2) Act, 2019 to amend section 50 of the CGST Act, 2017 w.e.f. 01.09.2020.

CBIC Notification issued on 20/08/2020

 

Seeks to make Tenth amendment (2020) to CGST Rules.

CBIC enables Filing Form GSTR-4 Annual Return

 

CBIC enables Filing Form GSTR-4 Annual Return by Composition Taxpayers on GST Portal

CBIC - CGST Circular issued on 17/07/2020

 

Removal of pendency of registration application filed during COVID period-reg.

Jharkhand Mineral Bearing Lands (Covid-19 Pandemic) Cess Ordinance, 2020

 

The Jharkhand Government promulgated an ordinance to levy ‘COVID Cess’ on Mineral Bearing lands for mitigating the hardships caused by the COVID-19 pandemic.

CBIC – Press Release – Rate of Tax on Sanitizer

 

CBIC has issued a press release clarifying GST rate of tax at 18% on sanitizers that are disinfectants like soaps, anti-bacterial liquids, Dettol, etc.

GSTN – releases FAQs on filing Form GSTR-1 as NIL

 

The GSTN has released FAQs on filing of NIL Return in Form GSTR-1.

CBIC Notification issued on 13/07/2020

 

Seeks to extend the due date for filing FORM GSTR-4 for financial year 2019-2020.

CBIC Notification issued on 01/07/2020

 

Seeks to make eighth amendment (2020) to CGST Rules.

CBIC Notification issued on 30/06/2020

 

Seeks to amend notification no. 52/2020-Central Tax in order to provide conditional waiver of lat fees for the period from July, 2017 to July, 2020.

CBIC Ordinance issued on 27/06/2020

 

Notifications dated 27th June 2020.

CBIC Notification issued on 27/06/2020

 

   Seeks to amend notification no. 46/2020-Central Tax in order to further extend period to pass order under Section 54(7) of CGST Act till 31.08.2020 or in some cases upto fifteen days thereafter.

   Seeks to amend notification no. 35/2020-Central Tax in order to extend due date of compliance which falls during the period from "20.03.2020 to 30.08.2020" till 31.08.2020.  

CBIC Circular issued on 24/06/2020

 

Clarification in respect of various measures announced by the Government for providing relief to the taxpayers in view of spread COVID-19.

CBIC Notification issued on 24/06/2020

 

   Seeks to extend due date for furnishing FORM GSTR-3B for supply made in the month of August, 2020 for taxpayers with annual turnover up to Rs. 5 crore.

   Seeks to provide relief by waiver of late fee for delay in furnishing outward statement in FORM GSTR-1 for tax periods for months from March, 2020 to June, 2020 for monthly filers and for quarters from January, 2020 to June, 2020 for quarterly filers.

   Seeks to provide one time amnesty by lowering/waiving of late fees for non furnishing of FORM GSTR-3B from July, 2017 to January, 2020 and also seeks to provide relief by conditional waiver of late fee for delay in furnishing returns in FORM GSTR-3B for tax periods of February, 2020 to July, 2020.  

   Seeks to provide relief by lowering of interest rate for a prescribed time for tax periods from February, 2020 to July, 2020.  

   Seeks to make seventh amendment (2020) to CGST Rules.  

   Seeks to bring into force Sections 118, 125, 129 & 130 of Finance Act, 2020 in order to bring amendment to Sections 2, 109, 168 & 172 of CGST Act w.e.f. 30.06.2020.

CBIC Notification issued on 19/06/2020

 

Seeks to make sixth amendment (2020) to CGST Rules.

CBIC Circulars issued

 

Clarification in respect of levy of GST on Director’s Remuneration.
Clarification on Refund Related Issues.

GSTN – releases FAQs on filing Form GSTR-3B as NIL

 

The GSTN has released FAQs on filing of NIL Return in Form GSTR-3B.

CBIC - CGST Notification issued

 

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GST - Press Release issued on 08/06/2020

 

Government rolls out facility of filing of NIL GST Return through SMS.

CBIC - Press Release issued on 02/06/2020

 

The govt. has been receiving numerous requests for waiver of late fee on GSTR-3B pertaining to the period August, 2017 to January, 2020. In GST, all decisions are taken by the Centre and the State with the approval of the GST Council. Therefore, the trade is informed that the issue of late fee would be taken up for discussion in the next GST Council meeting.

CBIC - CGST Notification issued on 16/05/2020

 

Seeks to bring into force Section 128 of Finance Act, 2020 in order to bring amendment in Section 140 of CGST Act w.e.f. 01.07.2017.

CBIC - CGST Circular issued on 06/05/2020

 

Clarification in respect of certain challenges faced by the registered persons in implementation of provisions of GST Laws.

CBIC - CGST Notifications issued on 05/05/2020

 

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CBIC – LUT for 2020-21 to be filed by 30/06/2020 and till then LUT filed for 2019-20 is valid

 

The time limit to furnish such LUT for FY 2020-21 is extended from 31st March 2020 till 30th June 2020.

CBIC - CGST Notification issued on 28/04/2020

 

Seeks to give effect to the provisions of rule 87 (13) and FORM GST PMT-09 of the CGST Rules, 2017.

IT Tax Audit - Reporting of Details of expenditure of entities registered or not registered under the GST deferred

 

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CBIC - CGST / IGST Notifications and Circulars issued between 23/03/2020 and 13/04/2020

 

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Recent Advance Ruling

Gujarat AAR - Interest charged by Del Credere agent on loan exempt since charging of interest is not in relation to an underlying supply of goods.

 

Receipt of interest on loan extended by the Del Credere Agent is covered under Serial No. 27 of the Notification No. 12/2017-Central Tax (Rate) dated 28.06.2017 and hence exempt since the applicant does not supply any goods and the interest charged is not for delayed payment of consideration of any underlying supply.

West Bengal AAR - Sika Block Joining Mortar, being a non-refractory surfacing preparations, is classified under tariff item 3214.90.90

 

Sika Block Joining Mortar’, a ready to use grey cement based water resistant mortar for fixing AAC blocks, fly ash bricks etc and is a bonding compound used for joining masonry units like AAC blocks and fly ash bricks. It is a powder made pasty before use by adding water, and it hardens after application, enabling joining of the masonry units. It is applied with a trowel after cleaning the surface. After discussing the relative merits of classification under the rival entries the product Sika Block Joining Mortar, being a non-refractory surfacing preparations, was held to be classified under tariff item 3214.90.90 based on the general characteristics of such products as per the Explanatory Notes of the Tariff entries.

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