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…
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…
About GSTR-2B | (Auto drafted ITC Statement) GSTR-2B is an auto-drafted ITC statement which will be generated for every registered person on the basis of the information furnished by his suppliers in their respective GSTR-1, 5 (non-resident taxable person) and 6 (input service distributor). 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…
Ministry of Corporate Affairs vide Notification No. G.S.R. 538(E) dated 28th August 2020 amended Rule 12 Sub Rule (1) of Companies (Management and Administration) Rules, 2014. The amendment states that: “Provided that a company shall not be required to attach the extract of the annual return…