System computed GSTR-3B (Table-3 for liabilities) on the basis of GSTR-1 filed by taxpayers now available on the GST portal for monthly GSTR-1 filers. GSTR-1 is statement of Outward Supplies where-in a Normal Registered Taxpayer has to declare outward supplies effected during a tax period. …
1.Provision to make amendment, multiple times, in Table 4 of Form GSTR-8 Earlier, if no action was taken on TCS details, auto-populated in TDS/TCS credit form, by the supplier or if the same were rejected by them in the said form, the TCS (e-commerce operators)…
Know Each and Everything about GST on Goods Transport Agency- a prevailing confusion | Exemptions | Tax Rate | Reverse Charge | Place of Supply Background The levy of tax on services of transportation of goods by road has always remained a subject matter of…
A proviso has been inserted in clause (i) of the Notification No. 35/2020-Central Tax, dated the 3rd April, 2020 which was amended by Notification No. 55/2020 -Central Tax Dated 27th June, 2020; the proviso so inserted reads as below "Provided that where, any time limit…
41st GST Council meeting outcome : Key highlights dated 27th August, 2020 The 41st GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman via video conferencing today i.e. 27th day of August, 2020. Shru Anurag Thakur and Finance…
Central Board of Indirect Taxes via its Twitter handle has tweeted that Due date for GSTR-4 for Financial Year 2019-29 has been Extended to 31st October 2020. Full Text of the Notification "In exercise of the powers conferred by section 148 of the Central…
NOTIFICATIONS Effective date of provision of Section 100 of Finance (No. 2) Act, 2019 notified September 01, 2020 has been appointed as the date on which provisions of Section 100 of the Finance (No. 2) Act, 2019, shall come in force. Hence, from September 01,…
Hon’ble Gujarat HC, in the case of M/s Bharat Oman Refineries Limited, has directed the Government to refund the amount of IGST paid by taxpayer under RCM in respect of ocean freight. In its judgment, Hon’ble HC has held that; The subject matter of the…