CBIC Vide Circular No. 139/09/2020 dated 10th June, 2020 has clarified in respect of invoices which are not appearing in the GSTR-2A of Applicant who has filed refund application on account of accumulated ITC, The clarification has been issued to ensure uniformity in the implementation…
A taxpayer may now file NIL Form GSTR-3B, through an SMS, apart from filing it through online mode, on GST Portal. To file NIL Form GSTR-3B through SMS, the taxpayer must fulfill following conditions: They must be registered as Normal taxpayer/ Casual taxpayer/ SEZ Unit…
Functionality In a major move towards taxpayer facilitation, the Government has today onwards allowed filing of NIL GST monthly return in FORM GSTR-3B through SMS. Impact and Outreach This would substantially improve ease of GST compliance for over 22 lakh registered taxpayers who had to…
Amid pressure on tax collection, the all powerful GST Council meeting is likely to be held on June 14, the first such meeting after the outbreak of COVID-19 pandemic. Tax collection has been hit due to lockdown imposed since March 25 to contain the spread…
The Goods and Services Tax Council is likely to meet in mid-June after repeated demands from States anxious for their GST compensation dues which have been pending since December. However, information on GST revenue since March — which is likely to see a sharp fall…
Important and Related Posts: GST for Companies under Insolvency | Special Procedure Notification No. 39/2020–Central Tax Dated 5th May, 2020 | Company under Insolvency Circular No. 138/08/2020-GST | Company in Insolvency | Extenstion of ITC-04 | Merchant Exporter Facility for registration of IRP/RPs made available…
Why ITC-02A has to be filed? if registered person intends to transfer the unutilized ITC lying in Electronic Credit Ledger to newly registered place of business then details in Form ITC-02A has to be furnished. To whom this facility is available? This facility is available…
The Central Board of Indirect Taxes (CBIC) on Monday said it has sanctioned GST refund claims worth Rs 11,052 crore in 47 days. In a tweet, the CBIC said it is "committed to ensuring liquidity to GST taxpayers especially MSME sectors during the lockdown". The…