What is Appeal ? | Basics and related concepts The Taxpayer and the Tax officer can be of different viewpoints or opinion with regards to their understanding of law. This difference of opinion might raise a dispute between the taxpayer and tax officer. The statue…
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. …
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…
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…
INTRODUCTION OF FORM GSTR-2B Goods and Service Tax Network (GSTIN) recently launched Form GSTR-2B i.e. an auto drafted input tax credit statement, for linking the existing returns with respect to input tax credit and for curbing tax evasion. How GSTR-2B generated on the portal: It…
Data for Import of Goods GSTR-2A Taxpayers can now view their bill of entries data which is received by the GST System (GSTN) from Indian Customs Electronic Gateway (ICEGATE) System (Customs). Two new tables have been inserted in GSTR-2A for displaying details of Import of…
ABOUT PROCESS Provisions relating to Aadhaar authentication for the purposes of grant of registrations to new GST registrants was approved in the 39th GST Council meeting held on March 14, 2020. However, the implementation of the same was postponed considering the lockdown situation on account…
BACKGROUND Audit under indirect tax laws is not a new concept. This concept of audit was also existing in the erstwhile Central Excise laws, State level VAT laws and Service tax laws. Audit is a tool available to the tax department to review and verify…