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Reversal of service tax credit on receipt of completion certificate by a developer in GST Regime – A Controversy
Reversal of service tax credit on receipt of completion certificate by a developer in GST Regime – A Controversy Background Once a booming industry, the current phase through which the real estate industry is passing through can be at least said to be a slow-down
Brief Analysis of Notifications Issued on 3rd April 2020
Brief Analysis of Notifications Issued on 3rd April 2020 INTEREST ON DELAY PAYMENT OF TAX PERIOD FOR FEBRUARY, MARCH, APRIL 2020 Notification No- 31/2020 dated 03.04.2020 Our Comments: Turnover above Rs. 5 Crore LATE FEES ON FILING OF GSTR 3B Notification No- 32/2020 dated 03.04.2020
GST notified amendments and relaxations provided as COVID-19 relief measure
Waiver of Interest and Late fees for GSTR-3B and GSTR-1 Illustration: Calculation of interest and late fees for delayed filing of return for the month of March 2020 (due date of filing being 20.04.2020) may be illustrated as per the below Table: Illustration: Calculation of
GST on Hospitals Immediate attention needed!
GST on Hospitals Immediate attention needed! 1. Why hospitals deserve immediate attention? 1.1 COVID-19 and Hospitals The Entire world is engulfed by COVID-19 and hospitals are relentlessly fighting against the outbreak! As per news reports, more than 100 doctors and health worker have lost their
GST notification on 03-04-2020 list by team RPAG & Co.
NOTIFICATIONS ISSUED BY CBIC ON 03 APRIL 2020 – COVID19 Notification no. 30/2020-Central Tax Form Due date Comments FORM GST CMP-02 30-06-2020 Any registered person who opts to pay tax under section 10 for the financial year 2020- 21 shall electronically file an intimation FORM
Relaxations on GST Compliances due to COVID-19 outbreak
Relaxations on GST Compliances due to COVID-19 outbreak The spread of Novel Corona Virus (COVID-19) across many countries of the world, including India, has caused immense loss to the lives of people and resultantly impacted the trade and industry. In view of the emergent
Extend due date for furnishing FORM GSTR-3B for supply made in the month of May 2020.
Notification No. 36/2020 – Central Tax G.S.R…(E).- In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017), read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017 (hereafter
Conditional Waiver of late fee for delay in furnishing outward statement in FORM GSTR-1 for tax periods of February, 2020 to April, 2020.
Notification No. 33/2020 – Central Tax G.S.R…..(E).— In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Government, on the recommendations of the Council, hereby makes the following further amendment in the notification
Extend due date of compliance which falls during the period from “20.03.2020 to 29.06.2020” till 30.06.2020 and to extend the validity of e-way bills.
Notification No. 35/2020 – Central Tax G.S.R…..(E).– In exercise of the powers conferred by section 168A of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), read with section 20 of the Integrated
Extend due date of furnishing FORM GST CMP-08 for the quarter ending March 2020 till 07.07.2020 and filing FORM GSTR-4 for FY 2020-21 till 15.07.2020.
Notification No. 34/2020 – Central Tax G.S.R…..(E).— In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Government, on the recommendations of the Council, hereby makes the following further amendments in the notification
Conditional Waiver of late fee for delay in furnishing returns in FORM GSTR-3B for tax periods of February, 2020 to April, 2020.
Notification No. 32/2020 – Central Tax G.S.R…..(E).— In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), read with section 148 of the said
GST Due Dates and Other Changes
GST Due Dates and Other Changes Relief in respect of due date on account of COVID-19 Taxpayers who are required to deduct tax at source, ISD, non-resident taxable person and the person required to collect tax at source have been allowed to furnish return/statement for