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RULE 36(4) LEGAL VALIDITY & COMPLIANCE
RULE 36(4) LEGAL VALIDITY & COMPLIANCE Minutes of 28th council meeting while discussion on new returns The first time the term ‘uploaded’ has been used. The officer explained that today i.e before new returns are implemented paper invoice is sufficient to avail credit. RULE
GSTN portal update:The format of GST ITC-04 amended vide Notification No. 39/2018 is updated on portal
The format of GST ITC-04 amended vide Notification No. 39/2018 is updated on portal To furnish details of goods/ capital goods sent to a job worker and received back or supplied from the premises of the job worker. The format of GST ITC-04, as amended
Amendments to CGST Act 2017 as brought in by Finance Bill 2020
Amendments to CGST Act 2017 as brought in by Finance Bill 2020 All the amendments mentioned below are effective from the date to be notified. 1. Insertion in Section 2(114) of CGST Act 2017: Definition of Union Territory “Union territory” means the territory of—
Transitional credit: SOP by Commissioner
To, The Principal Chief Commissioners/Chief Commissioners of Central Tax Madam/Sir, Sub- Transitional Credit- Ensuring uniformity in the procedure to be followed by the field formations for examining and forwarding the representations of the taxpayers to GSTN on issues pertaining to technical glitches on the common
NO TAX & PENALTY U/S 129 OF GST FOR NON-GENERATION OF E-WAY BILL
NO TAX & PENALTY U/S 129 OF GST FOR NON-GENERATION OF E-WAY BILL Whether non-generation / non-carrying of E-way bill 01 is a contravention of the GST Act or Rules? In pursuance of such non-carrying of the E-way bill, goods and conveyance are liable
GST ON RENT A CAB
GST ON RENT A CAB Vide Notification 22/2019 dated 30.09.2019 Rent a cab become under RCM where Any person other than a body corporate, paying central tax at the rate of 5% on renting of motor vehicles with a limited input tax credit. But
E-Invoice under GST
E-Invoice under GST In Common parlance, the concept of E-invoicing (Electronic invoicing) is the exchange of the invoice document between a supplier and a buyer in an integrated electronic format. This is slightly different from the current Digital Invoice which is shared in a PDF/
IT IS AN ANTI SMALL SCALE INDUSTRY GST NOTIFICATION
IT IS AN ANTI SMALL SCALE INDUSTRY GST NOTIFICATION IT IS AN ANTI-SMALL-SCALE INDUSTRY NOTIFICATION: CGST Notification No. 49/2019 – Central Tax dated 09.10.2019, amended vide Notification No. 75/2019 – Central Tax dated 26.12.2019 1. Rule 36(4) was inserted vide Notification No. 49/2019 –
Monish BhallaIndirect Tax (GST) proposals in The Finance Bill, 2020
Indirect Tax (GST) proposals in The Finance Bill, 2020 Download the copy:
Major Changes in GST Laws – Budget 2020
Major Changes in GST Laws – Budget 2020 Download the copy:
Changes as brought out Budget 2020 in GST
Changes as brought out Budget 2020 in GST Provisions Omitted Provisions Inserted Amendments to the central goods and services tax act, 2017 All amendments mentioned below are effective from the date to be notified. 1. The time limit of availing credit based on debit notes:
CGST and IGST Act – Impact of Finance Bill, 2020!
CGST and IGST Act – Impact of Finance Bill, 2020! 1. Act – Key Amendments 1.1. GST – Ten amendments you must know! To iron out certain creases and amend provisions relating to fake/bogus invoicing, various amendments are proposed. The amendments in the CGST Act