Category: GST
Persons who do not require Aadhaar number / authentication for GST Registration u/s 25 notified by CBIC Government of India Ministry of Finance (Department of Revenue)Central Board of Indirect Taxes and Customs Notification No 03/2021-Central Tax New Delhi, the 23rd February,2021 G.S.R…..(E).- In exercise of the powers conferred …
GSTN Advisory on GST Reconciliation Statement GSTR-9C – Tax rate wise declaration By GST Reconciliation process, through taxpayer discovers any discrepancy between his books of accounts and GST Returns and correct mismatches. However, the requirement of GST audit/reconciliation statement has been abolished in the Budget 2021-22 and as per …
CBIC extends procedure for IGST refund claims where records not transmitted to ICEGATE due to GSTR-1 and GSTR- 3B mismatch error Circular No. 04/2021-Customs F. No.450/82/2018-Cus IV Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes & Customs) ***** Room No. 244A, …
SOP for implementation of the provision of suspension of GST registrations under rule 21A (2A) of CGST Rules Circular No. 145/01/2021-GST CBEC-20/06/01 /2021 -GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing***** New Delhi, dated the 11th February, 2021 To,The Principal Chief Commissioners / …
Procedures to be followed during GST Search Operation – CBIC Instructions/Guidelines F. No. CST/INV/DGOV Reference/20-21Ministry of FinanceDepartment of RevenueCentral Board of indirect Taxes and customsGST-investigation Wing Dated: 02.02.2021 Instructions No. 01/2020-21 Subject: Instructions / Guidelines regarding procedures to be followed during Search Operation regarding. Specific instances have come to the notice …
Payment of GST by Fixed Sum Method under QRMP Scheme W.e.f. 1st January, 2021, following two options are available to the Taxpayers who are under Quarterly Returns and Monthly Payment of Tax (QRMP) Scheme for tax payment for first 02 months of a quarter: (a) Fixed Sum Method: …
Highlights of GST Proposals under Budget 2021-22. GST Audit requirement abolished Amendments carried out in the Finance Bill, 2021 will come into effect from the date when the same will be notified, (A) Amendments to CGST Act 2017 A new clause (aa) in sub-section (1) of Section 7 …
Non auto-population of e-invoice details in GSTR-1. Taxpayers advised to file Form GSTR-1 for Dec 2020 1. From 1-10-2020, certain notified taxpayers have been issuing invoices after obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). From 1-1-2021, the taxpayers with aggregate turnover above Rs. …
Aadhaar Authentication / e-KYC for Existing Taxpayers on GST Portal 1. Functionality for Aadhaar Authentication and e-KYC where Aadhaar is not available, has been deployed on GST Common Portal w.e.f. 6th January, 2021, for existing taxpayers. All taxpayers registered as Regular Taxpayers (including Casual Taxable person, SEZ Units/Developers), …
Invoice Furnishing Facility (IFF) for Taxpayers under QRMP Scheme 1. An Invoice Furnishing Facility (IFF) facility has been provided to taxpayers under QRMP Scheme (Quarterly filers of Form GSTR-1 and also of Form GSTR-3B returns), as per sub-rule (2) of Rule-59 of the CGST Rules, 2017. Taxpayers who …
