40th GST Council Meeting Key Highlights dt. 12.06.2020 “Recommendations of GST council related to Law &Procedure” Finance Minister, Smt. Nirmala Sitharaman chaired the 40th GST Council meeting via video conferencing today i.e. 12th day of June 2020. GST Council is meeting today for the first…
Key Decision and Recommendations of 40th GST Council Meeting GSTR-3B for May, June and July 2020 for small taxpayers Relief for small taxpayers (aggregate turnover uptoRs. 5 crore) | GSTR-3B for May, June and July, 2020 Waiver of late fees and interest if the returns…
Share transfer or transfer of shares is a simple process with which the owner of the share, transfers the rights and liabilities of the share to another person for a consideration or by way of gift. Though the securities or other interest of any member…
Relevant Provisions Schedule III of the CGST Act, 2017 contains activities or transactions which shall neither be treated as supply of goods nor a supply of services Entry No. 1 of the same schedule has been mentioned below for reference “Services by an employee to…
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…
DECODING SEBI RELAXATIONS IN FPO’S NORMS DUE TO COVID 19 Relaxations from certain provisions of the SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018 in respect of Further Public Offer (FPO’s) Overview Securities and Exchange Board of India (SEBI) in exercise of the powers…
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…
Validity of E-way Bill (EWB) shal be deemed to have been extended till 30th June, 2020; where EWB was generated on or before 24th March 2020 and Validity of EWB has expired on or after 20th March, 2020 Earlier, validity of EWB had been extended…