E Invoices
Applicability of E-invoices has been deferred to 1st October, 2020
Applicability of E-invoices has been deferred to 1st October, 2020
GST Network on Sunday said tax officers have processed over 10,000 new registrations and about 8,000 refund applications in the first 10 days of lockdown till April 3, working through Virtual Private Network (VPN). In a statement, the Goods and Services Tax Network (GSTN)…
What are the types of Assessments in GST ? Section 59 - Self Assessment Section 60 - Provisional assessment Section 61 - Scrutiny of Returns filed by Registered Persons Section 62 - Assessment of non-filers of returns Section 63 - Assessment of unregistered persons Section…
The Goods and Services Network (GSTN) has permitted over 1,700 tax officers from different states and union territories (UTs) to work from home with the help of a secure virtual private network (VPN) facility during the lockdown period. GSTN is the IT backbone of…
To provide relief to businesses grappling with the economic impact of Covid 19, the government on Tuesday said it is extending the filing of Return for the month of March, April and May 2020 and composition returns under GST June 30. Addressing the press, Finance…
Rule 36(4) of the CGST Rules, 2017, contains provisions which impose restriction on availment of Input Tax Credit (ITC) which reads as follows "(4) Input tax credit to be availed by a registered person in respect of invoices or debit notes, the details of which…
What are the types of Audit under GST Law ? Annual Audits: Mandatory for registered person whose aggregate turnover during a financial year exceeds 2 Crore. However for FY 2018-19 threshold limit has been prescribed at 5 Crore. (Section 35(5) and Rule 80(3)) Audit by…