GST

GST-UPDATE-650x420
Articles GST

Extension of due date for filing of Form GSTR- 4 for FY 2019-20

Central Board of Indirect Taxes and Customs (CBIC) vide its notification has extended the due date for filing of Form GSTR-4 for Financial Year 2019-20 from 15th July,2020 to 31st August,2020. Form GSTR-4 is a...

GST-UPDATE-650x420
Articles GST

Amendment in Form GST INV-01 and Aggregate turnover limit for issuing E-invoice

The format for the Form GST INV-01(E-invoice) has been substituted. Refer the notification no 60/2020 for the revised format. The threshold limit in a financial year for applicability of E-invoice has been revi...

GST-UPDATE-650x420
Articles GST

GOVT. FURTHER EXTENDS LATE FEES WAIVER AND REDUCED INTEREST RATE FOR GST RETURNS FILING

  S.no Class of registered person, having turnover in previous FY Tax Period Conditional due date of filing GSTR-3B on or before#1: GSTR-3B Late fee exemption GSTR-3B Late fee exemption 2: Rate of Inter...

shake-up-sales-meeting-og
Articles GST

Key Recommendations of 40th GST Council Meeting

Key Recommendations of 40th GST Council Meeting With the main focus on easing compliance for the small taxpayer, GST council had made following recommendations in its 40th GST council meeting held on 12.06.2020...

GST-UPDATE-650x420
Articles GST

CBIC Issued Clarifications for GST Officers i. GST on Director’s Remuneration, and ii. Refund of Accumulated ITC

CBIC has recently issued two clarifications under section 168(1) of the CGST Act, for their GST officers, to have uniformity amongst them while implementing the Law. The gist of the circulars has been given bel...

shutterstock_1156748098
Articles GST

Incentive Scheme || Ministry of Electronics and IT SPECS Disbursement PolicyMinistry of Electronics and IT SPECS Disbursement Policy

Incentive Disbursement Guidelines under Scheme for promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) – Ministry of Electronics and Information Technology  Ministry of Electron...

GST-UPDATE-650x420
Articles GST

Rajasthan Authority for Advance Ruling – Salary Paid to Directors is liable to GST under Reverse Charge?

Matters on which ruling is sought Whether GST is payable under Reverse charge Mechanism on the salary paid to Director of the company who is paid salary as per contract? Whether the situation would change from...

important-information-attention-banner-vector-businessman-woman-megaphone-loudspeaker-business-advertising-important-126922604
Articles GST

DUE DATES TO FILE GST RETURNS, LATE FEE AND INTEREST, AND OTHER RELEVANT UPDATES

Due dates of Filing Form GSTR-3B Taxable month Due date Refer note 1 Due date Refer note 2 Due date Refer note 3 Mar-20 20-04-2020 22-04-2020 24-04-2020 Apr-20 20-05-2020 22-05-2020 24-05-2020 May-20 ...

important-information-attention-banner-vector-businessman-woman-megaphone-loudspeaker-business-advertising-important-126922604
Articles GST

Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) – Ministry of Electronics and Information Technology

The Government on 01.04.2020 has come up with a proposed scheme for financial assistance to boost domestic manufacturing and attract large investments in the electronics value chain including electronics compon...

important-information-attention-banner-vector-businessman-woman-megaphone-loudspeaker-business-advertising-important-126922604
Articles GST

Production Linked Incentive – Ministry of Electronics and Information Technology

Ministry of Electronics and Information Technology on 01.04.2020 has come up with a scheme for Large scale electronics manufacturing in India in the form of financial assistance to boost domestic manufacturing ...