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Submission of Correct Return Under GST
Circular No. 06/2020 Sub: SGSTDK- Submission of correct return under GST- reg. Ref: Section 17 of IGST Act 2017 r/w Goods and Services Tax Settlement of Funds Rules, 2017 1.Background 1.1 After the implementation of Goods and Services Tax, the State Tax revenue constitutes the
GSTR-3B and GSTR-1 Compliance Calendar for Period February to May 2020
GST Due Date Chart Return Type Turnover Criteria Tax Period Original Due date Extended due date Interest Late Fee GSTR-3B Less than Rs 1.5 Crore February’20 24-03-2020 30-06-2020 Nil till extended due date & thereafter @9% Till 30.09.2020. Waived till the extended due date but
Details Analysis on Filing of PMT-09
Details Analysis on Filing of PMT-09 The CBIC has recently introduced Form PMT-09 for the transfer of an amount from one head to another head. This enables a registered taxpayer to transfer any amount of tax, interest, penalty, etc. that is available in the electronic
GST ANX-1 and ANX-2 of New Return Prototype
GST ANX-1 and ANX-2 of New Return Prototype In these, we will see the new functionalities launch by the GSTN related to the new return as a demo to the taxpayer. The detailed analysis is: 1. What is this web portal all about? Web-based Prototype of
Works Contract Services For Use Other Than Commerce
Works Contract Services For Use Other Than Commerce In an Application filed before AAR under GST, Rajasthan by M/S ARG Electricals Pvt. Ltd [2020 (6) TMI 489] Facts: The applicant received the work order from AWNL (Government Entity)- first work order is for the ‘supply
Refund For Exports With Payment of IGST
Refund For Exports With Payment of IGST Legal Provisions Section 16.(1) “zero-rated supply” means any of the following supplies of goods or services or both, namely:–– (a) export of goods or services or both; or (b) supply of goods or services or both to a
Concept of Mixed Supply & Composite Supply under GST
Concept of Mixed Supply & Composite Supply under GST This is a new concept introduced in GST which will cover supplies made together whether the supplies are related or not. Supplies of two or more goods or services can be either ‘composite supply’ or ‘mixed
Latest GST Updates During The Period of 01.06.2020 to 15.06.2020
1. Filing GSTR-3B Through SMS (Notification 44/2020 dated 08.06.2020-Central Tax) 2. Tax Period To Transfer ITC For Person Registered In Union Territory (Notification No. 45/2020-dated 09.06.2020-Central Tax w.e.f 31.05.2020) – The transition procedure prescribed by CBIC to ascertain tax period, to transfer ITC and taxes
Important things to be considered before GSTR-9,9A Returns and Reconciliation Statement in GSTR-9C for the A.Y.2018-19 under GST Law
Important things to be considered before GSTR-9, 9A Returns and Reconciliation Statement in GSTR-9C for the A.Y.2018-19 under GST Law (1) Important Documents: (i) Copy of the GST Registration Certificate: You have to refer about the incorporation of Business Addresses, Godown addresses, Branch addresses within
Steps to Resolve The Error “Invalid Summary Payload” in GSTR-10.
Steps to resolve the error “Invalid Summary Payload” in GSTR-10. In this article, we will see the resolution to resolved the error of “Invalid Summary Payload”. The steps to resolved the error are: What is Form GSTR-10? Ans. A taxable person whose GST registration is
Why filing GSTR 3b without late fee may cost high
GSTR 3b without late fee: It is good news for all taxpayers. CBIC allowed GSTR 3b without late fee if filed within a specified time. But here the problem is that only late fees are waived off. But there are other consequences also. GSTR 3b
CA Shafaly GirdharwalGST on Transfer of Development Rights or Long term Lease
GST on Transfer of Development Rights or Long term Lease GST on Transfer of development rights or long term lease by the landowner to promoter Dear colleagues, before going to the subject we have to refer an important definition of the following words as per