Late fee for GSTR-3B return for July 2017 to January 2020 reduced / waived in 40th GST council meeting – Read other recommendations Recommendations of 40th GST council meeting related to Law & Procedure The 40th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt …

Exemption u/s 54F allowed as vendor insisted for execution of two  sale deeds to avoid TDS as agreement for purchase of property was not disputed  ABCAUS Case Law Citation:ABCAUS 3319 (2020) (06) ITAT In the instant case, the appeal was filed by the assessee against the  order passed …

Promoters daughters are immediate relatives and part of promoter group irrespective of marriage or living a separate life or no involvement in management – SEBI Promoters daughters are part of promoter group  SEBI replying to a informal guidance has stated that by virtue of the definition of ‘promoter …

Refund of accumulated ITC restricted to invoices uploaded by supplier in FORM GSTR-1 and reflected in FORM GSTR-2A of applicant Circular No. 139/09/2020-GST CBEC-20/06/03-2020 -GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing**** New Delhi, Dated the 10th June, 2020 To,The Principal …

GST not applicable on Director’s remuneration if subjected to TDS u/s 192 of Income Tax Act 1961. CBIC Clarification  Circular No: 140/10/2020 – GST CBEC-20/10/05/2020 -GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing New Delhi, dated the 10th June, 2020 ToThe …

FAQ on filing Nil GSTR-3B return through SMS Facility, Verification Code and Post filing return, Error Messages, Description and Solution. Recently, the Govt. rolled out facility of filing of NIL GST Return through SMS to substantially improve ease of GST compliance.  The filing of nil GSTR-3B returns by …