Expert Knowledge,
Straight from Practitioners.
Tax tips, legal guides, and financial advice written by the same verified CAs, Advocates, and Advisors you can consult on ConsultEase.
New Functionalities made available for Taxpayers on GST Portal (January 2021): GSTN
New Functionalities made available for Taxpayers on GST Portal (January 2021) 1 – Registration Sl No Form/ Functionality Functionality released and available for Taxpayers 1 Deemed approval of Registration Application in Form GST REG-01 In terms of Notification, No 94/2020-CT, dated 22nd December 2020, all
GST Revenue Collection For January 2021 almost Touches Rs. 1.20 lakh crore
GST Revenue Collection For January 2021 almost Touches Rs. 1.20 lakh crore The gross GST revenue collected in the month of January 2021 till 6 PM on 31.01.2021 is Rs. 1,19,847 crore of which CGST is Rs. 21,923 crores, SGST is Rs. 29,014 crores,
Detention of Goods on account for Discrepancy in Address of Actual Supply and Address as per Way Bill
Detention of Goods on account for Discrepancy in Address of Actual Supply and Address as per Way Bill Telangana High Court in M/S. Sree Rama Steels Versus The Deputy State Tax Officer And 3 Others Facts The vendor (Jeevaka Industries Private Limited) has issued the
GST on Real Estate
GST on Real Estate Benjamin Franklin once quoted taxes as one of the inevitable certainties in this world, and when it comes to purchasing residential area estate in India, homebuyers have had to deal with many such complexities, from Value Added Tax (VAT), Entry Tax
GSTR-2A VS With GSTR-3B why reversal of availed ITC on reconciliation of does not arise
GSTR-2A VS With GSTR-3B why the reversal of availed ITC on reconciliation of does not arise With reference to this it is submitted that at the time of enactment of GST, it was enacted that the ITC would auto-populate in GSTR 2A on basis of
New functionalities made available for Taxpayers on GST Portal (October-December, 2020): GSTN
New functionalities made available for Taxpayers on GST Portal (October-December, 2020) 1 – Registration S.No. Form Functionality released and available for taxpayers/registered person 1 Aadhaar Authentications in Form GST REG-01, during Registration, for all type of taxpayers (except PSU, Govt Bodies, Statutory Body and Local
Withdrawal of Trade Circular 39T of 2019 dt 05th July 2019
TRADE CIRCULAR To, ……………… ……………… Subject: Withdrawal of Trade Circular 39T of 2019 dt 05th July 2019 This office has issued trade circular 39T of 2019 dated 5th July 2019 regarding deemed adoption of GST circulars issued by the Central Board of Indirect
Are states now defying the Centre’s authority on GST matters?
Are states now defying the Centre’s authority on GST matters? A circular issued on 12 January 2021 by the Office of the Commissioner of State Tax, Maharashtra, says that whenever CBIC issues any circular, the Maharashtra GST Department, on its examination, would issue a separate
Gist of Quarterly Return Monthly Payment Scheme
The gist of Quarterly Return Monthly Payment Scheme Change in GST Returns Filing System w.e.f. 1st January 2021 Existing System New System from Jan 2021 Monthly filing of GSTR-3B for all taxpayers Option to file quarterly GSTR-1 and GSTR-3B for taxpayers having aggregate turnover up
Attending conferences/seminars/webinars organized by non-government entities as resources persons: CBIC
To, All Principal Chief Commissioner/ Chief Commissioner of CBIC All Principal Director-General / Director-General of CBIC Subject: Attending conferences/seminars/webinars organized by non-government entities as resources persons-reg. Madam/Sir, Please find enclosed Revenue Hqrs’ O.M.No. No.O-21030/21/2020-Coord dated 30.12.2020 on the subject mentioned above. No officer may be allowed to attend
Relaxations Not Available For FY 2019-20 And Onwards In Filing GSTR 9 And 9C
Relaxations Not Available For FY 2019-20 And Onwards In Filing GSTR 9 And 9C Furnishing of Annual Return by Small Supplier Registered Person had the option not to file the Annual Return GSTR 9 provided the Aggregate Turnover does not exceed Rs. 2 crores vide
Applicability of GST on a Bill to Ship to transaction where Supplier and Recipient of goods are located outside India.
Applicability of GST on a Bill to Ship to transaction where Supplier and Recipient of goods are located outside India. Gujarat Authority for Advance Ruling, in case of M/s SPX Flow Technology (India) Pvt. Ltd., Odhav Road, Ahmedabad Facts: The applicant M/s SPX Flow Technology