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Getting late fees for GSTR 9/9C? Do this
GSTN portal suggested a way out for late fees in GSTR 9 /9C The date for filing of GSTR 9 /9c was extended by CBIC. Some taxpayers were observing late fees and interest for GSTR 9/9C. The concerns were raised to GSTIN. It is suggested
New Functionality on GST Portal for GST Registration
New Functionality on GST Portal enabled by GSTIN: The Goods and Services Tax ( GST ) portal has enabled New functionalities as on November 30, 2019, for taking registration by the taxpayers. The gist of the new functionalities are discussed as under: 1. Taxpayers can
Gst Compliances for Goods Transport Agency
Introduction: Goods transport agencies are the backbone of the Indian Industry. Here we have compiled the full list of compliances for Goods transport agency. What is GTA? A GTA or a goods transport agency means transporters. They move the goods from one place to another
CA Shafaly GirdharwalGSTR 9 & 9C with FEW SAMPLE DISCLOSURES
Data in various tables of GSTR 9: Data in various tables of GSTR 9C: GSTR 9C: PART – B- CERTIFICATION Changes Notified on 14tn November 2019 Certification in cases where the reconciliation statement (FORM GSTR-9C) is drawn up by the person
Draft Disclosures for GST Audit Report
Draft Disclosures for GST Audit Report for F.Y. 2017-18 and 2018-19 The notes for GST Audit are for guidance only. The GST auditor will have to make suitable observations, remarks, qualifications, etc. depending on the facts of the audit. AS THE GST LAW IS EVER
Circular No. 125/44/2019 – GST
Circular No. 125/44/2019 – GST CBEC-20/16/04/18-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 18th November, 2019 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) /
Circular No. 124/43/2019 – GST
Circular No. 124/43/2019 – GST CBEC-20/16/04/18-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing **** New Delhi, Dated the 18th November 2019 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All)
The Blocking/Unblocking of E-Way Bill generation
Introduction: E-Way Bill system will have a new feature of blocking/unblocking of E-way bill for the taxpayers from next month, as per the rule. That is, if the GST taxpayer has not filed Return 3B for the last two successive months in GST Common portal,
CA Shafaly GirdharwalNote on Recent changes in GSTR-9 & 9C
In its 4th and probably final round of extension and modification exercise in filing GSTR-9 and 9C, the Government has issued following yesterday: 1. Notification No. 56/2019-CGST dated 14th November 2019 notifying a. various changes in formats of GSTR-9 and 9C to give effect to
Overview on Changes in GSTR 9 & 9C
CBIC vide this notification, extended the due date of filing FORM GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Return) for the FY 2017-18 and FY 2018-19. Also, CBIC notified some amendments in both the forms for ease filing of returns. So, we have created an overview
FAQs on Rule 36(4) Notification No. 49/2019 – Central Tax
Following are the FAQs on Rule 36(4) Notification No. 49/2019 – Central Tax, which clarifies the related issues of the notification on rule 36(4). Q1. What is the original source of this Rule 36(4)? Section 43A (4) of CGST (Amendment) Act, 2018 which states that :
Conundrum of Circular clarifying 20% ITC restriction
Introduction: Circulars are meant to clarify and simplify the law, but this has rarely been the case with GST circulars which though have, in their earnest attempt tried to explain the law have resulted in compounding and multiplying and not resolving the tax issues. The