Category: GST
Enabling on e-invoice GST portal. Taxpayers required to prepare invoice in terms of Rule 48(4) of CGST Rules may request for enablement. Enabling on e-invoice GST portal – GSTN Advisory Certain taxpayers are required to prepare gst e-invoice in terms of Rule 48(4) of CGST Rules (e-invoicing). As …
System computed values of GSTR-1 Statement (Monthly filers), made available in Form GSTR-3B, as PDF statement on GST Portal A pdf statement has been made available to taxpayers, filing monthly GSTR-1 statement, with system computed values of Table 3 of Form GSTR-3B. This PDF will be prepared on …
Extension of time limit for compliance of action under GST anti-profiteering provisions to 30.11.2020 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 65/2020–Central Tax New Delhi, the 1st September, 2020 G.S.R. 542(E).—In exercise of the powers conferred by section 168A of the Central …
GSTN new functionalities-Multiple amendments enabled in Table-4 of GSTR-8 and TCS facility extended for Composition taxpayers New functionalities made available for TCS and Composition taxpayers 1. Provision to make amendment, multiple times, in Table 4 of Form GSTR-8 (a) Earlier, if no action was taken on TCS details, …
Last date for filing GSTR-4 for FY 2019-20 extended to 31st October 2020 MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) Notification No. 64/2020–Central Tax New Delhi, the 31st August, 2020 G.S.R. 539(E).—In exercise of the powers conferred by section 148 of the Central Goods …
Govt asks States to avail borrowing options to meet GST shortfall for 2020-21 The Government has communicated to the States, the two borrowing options to meet the GST Compensation requirement for 2020-21 consequent to the discussions in the 41st meeting of the GST Council held on 27th August, …
CBIC to Roll out GST Investigation Module – Phase-1 from 1st September 2020 At the instance of Directorate General of GST Intelligence – DGGI, CBIC , the Directorate General of Systems and Data Management, Bengaluru Zonal Unit has developed an Investigation (Enforcement) module which works as a sub-module …
Form GSTR-2B, ITC Statement available for download on GST Portal for taxpayers GSTR-2B is an auto-drafted Input Tax Credit (ITC) statement generated for every recipient, on the basis of the information furnished by their suppliers, in their respective Form GSTR-1 & 5 and Form GSTR-6 filed by ISD. …
Interest on net GST liability paid by debiting electronic cash ledger payable on delayed returns from 1st September 2020 Section 50 of the CGST Act 2017 provides for levy of interest on delayed payment of tax. The interest is also payable on claiming excess input tax credit (ITC). …
Revised guidelines for mandatory personal hearings in virtual mode under GST Customs, Excise Act F.No. 390/Misc/3/2019-JCGovernment of IndiaMinistry of Finance, Deptt of RevenueCentral Board of Indirect Taxes & Customs(Judicial Cell)New Delhi.*** Dated 21 August 2020 INSTRUCTION To1. All Principal Chief Commissioner/ Chief Commissioner (Customs, CGST & Central Excise)2. …
