GST

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Articles GST

PLI scheme for Telecom Sector gets Government’s approval

The Government in November 2020 had announced to introduce Production-Linked Incentive (PLI) Scheme in the following 10 key sectors for Enhancing India’s Manufacturing Capabilities and Enhancing Exports – Atman...

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Articles GST

Importer-Exporter Code (IEC)

The Director-General of Foreign Trade (DGFT), vide a notification dated 12th February 2021 has made amendment to Importer Exporter Code (IEC) related provision under Chapter-1 and Chapter-2 of Foreign Trade Pol...

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Articles GST

Applicability of GST on Salary paid to Director of Company

Brief Facts of the case: The appellant, M/s Clay Craft (India) Pvt. Ltd. are engaged in the manufacture of Crockery, Utensil items and moulds.Company’s Board of Directors consists of 6 directors performing a...

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Articles GST

GST is applicable on Notice Pay Recovery from Employees

Brief Facts of the case: The applicant is a 100% Export Oriented Unit engaged in Manufacturing of pharmaceutical products.At the time of appointing an employee, they enter into a contract with the employee b...

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Articles GST

Online filing of application for Un-blocking E-Way generation facility

Now online application can be filed for un-blocking E-way bills (EWB) generation facility! A new facility has now been provided to taxpayers to file an online application for unblocking EWB generation facili...

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Articles GST

Blocking of E-Way generation facility after 1 December, 2020

Blocking of E-way bills (EWB) generation facility: Irrespective of aggregate annual turnover of taxpayers, there will be restriction on generation of EWB in case of: Non-filing of two or more return in FO...

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Articles GST

Blocking of E-Way generation facility after 15 October, 2020

Blocking of E-way bills (EWB) generation facility: Taxpayer whose aggregate annual turnover is more than Rs.5 Crores and fails to file their GSTR 3B for a consecutive period of two months or more up-to the tax ...

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Articles GST

Recommendations of 42nd GST Council Meeting Updates

Following are the recommendations discussed in council meeting held by video conferencing: 1. Relief towards revenue loss: (a) Levy of compensation cess to be extended beyond the transition period of Five years...

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Articles GST

Relief in Late Fees of Delay in Filing of Form GSTR-4/10 and Change of Navigation of Comparison of Liability and ITC Summary

Relief in Late fees for delayed in filing of FORM GSTR-4 Relaxation in late fees has been provided to taxpayers who were under Composition Scheme for any period till Mar’19 and failed to file FORM GSTR-4. This...

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Articles GST

Delinking of Debit/Credit Note from Original Invoice Reported in GSTR-1/6 or Refund Filing

Much Awaited relief to the taxpayer!! The taxpayers have now been provided with a facility to: Report single debit/credit note against multiple tax invoices by selecting note type, supply type like regular, SE...