Tag: GST
GSTR 9 voluntary for turnover less than Rs.2 crores FY 2019-20 : Notification Released
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)NOTIFICATIONNew Delhi, the 15th October, 2020No. 77/2020 – Central Tax G.S.R. 637(E).— In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereinafter referred to as the said Act), the Central Government, on the […]
Read moreGSTR 3B due date from October 2020 to march 2021 notified
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)NOTIFICATIONNew Delhi, the 15th October, 2020No. 76/2020 – Central Tax G.S.R. 636(E).— In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), read with […]
Read moreGSTR 1 due date for businesses with turnover more than Rs 1.5 crore notified till march 2021
MINISTRY OF FINANCE(Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS)NOTIFICATIONNew Delhi, the 15th October, 2020No. 75/2020 – Central Tax G.S.R. 635(E).—In exercise of the powers conferred by the second proviso to sub-section (1) of section 37 read with, section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in […]
Read moreCBIC notified due date of GSTR 1 from October 2020 to march 2021
MINISTRY OF FINANCE (Department of Revenue)(CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION New Delhi, the 15th October, 2020 No. 74/2020 – Central Tax G.S.R. 634(E).—In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said […]
Read moreGST on sale of House /Flats – Rates and Valuation
GST on sale of House /Flats : GST is levied on transactions that are considered as supply as per the Goods and Service Tax law. Supply includes supply of goods or service or both such as sale, transfer, barter, exchange, license, rental, lease or disposal made or agreed to be made for a consideration by […]
Read moreE-Way Bill: Blocking of EWB generation facility for taxpayers with AATO over Rs 5 Cr., after 15th Oct, 2020
Goods and Service Tax Network has released a statement of Blocking of E-Way Bill (EWB) generation facility for taxpayers with Aggregate Annual Turnover over Rs 5 Cr., after 15th October, 2020. The statement is as follows- 1. In terms of Rule 138 E (b) of the CGST Rules, 2017, the E Way Bill generation facility […]
Read moreEverything about E-invoicing under GST
E-invoicing under GST has came into effect from October 01, 2020 for businesses with aggregate turnover exceeding Rs. 500 crore in any preceding FY from 2017-18 onwards. There is a common misconception among the people that GST e-invoicing means the business will have to generate an invoice through the GST portal. But, the reality is, GST […]
Read more42nd GST Council Meeting Recommendations
42nd GST Council Meeting: The 42nd GST Council meeting under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing here today. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers […]
Read moreReverse Charge Mechanism under GST- The Working & Guidelines
Reverse Charge Mechanism is a frequently occurring but complex provision of GST. Many businesses come across this situation at one point in time or the other. Which makes it important for you to be familiar with the concept, and understand how RCM really works. So, to make the job simpler for you we have explained […]
Read moreGST Return Due Date Calendar for the month of October 2020
GST Return Due dates for the month of October 2020: Keeping in view the preventive measures taken to contain the spread of Novel Coronavirus (COVID-19) and the difficulties being faced by the GST taxpayer, Ministry of Finance, Department of Revenue, Central Board of Indirect Taxes & Customs, has extended the due date for Filing GST […]
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