Excess Input Tax Credit claimed in 3B of F.Y.2017-18 and 2018-19 (Both) but not reversed in 3B of F.Y.2018-19 and effect have given through DRC-03 in GSTR-9 of Financial Year 2018-19. Herewith I giving with the example for your better understanding. Illustration-5. “A” Tax Payer
Analysis of GSTR-2B and Its Practical Implications Background of GSTR 2B GST Council, in its 39th Meeting held on March 14, 2020, recommended linking the data available in GSTN viz. linking outward supply data in Form GSTR-1 and Form GSTR-3B and Input Tax Credit (‘ITC’)
Case Covered: M/s.The Cholamandalam MS General Insurance Company Limited Versus Ramesh Babu Facts of the case: The present Civil Miscellaneous Appeal on hand is preferred against the judgment and decree dated 10.07.2018 passed in M.C.O.P.No.27 of 2013 on the file of the Motor Accidents Claims
Case Covered: Assam Cricket Association Versus The Union of India Facts of the Case: The petitioner Assam Cricket Association is an assessee under the Finance Act, 1994 as regards their liability to pay service tax. Without going into the detailed facts, it would suffice to
Circular No. 41/2020-Customs To, All Principal Chief Commissioners/ Chief Commissioners of Customs. Principal Director General / Directors General of Customs. Principal Commissioners/ Commissioners of Customs. Subject: Auto Let Export Order under Express Cargo Clearance System (ECCS) – reg. In order to facilitate exports by courier
Order: Extension of time for Holding of Annual General Meeting (AGM) for the Financial Year ended on 31.03.2020 Whereas sub-section (1) of section 96 of the Companies Act, 2013 (the Act) provides, inter-alia, that every company, other than a One Person Company, shall in each
Refund of Unutilized ITC whether to be allowed to the supplier only? Gujrat High Court in Britania Industries Limited discusses this issue on 11-03-2020 in the context of section 54(3), which says that a registered person shall be allowed refund of unutilized ITC as the
Introduction REG 25 is a certificate of provisional registration under GST. Every taxpayer registered under excise/VAT/service tax enrolls on a common portal. He provides his email ID and mobile number for verification purposes. On enrollment: Taxpayer gets provisional certificate of registration in form GST REG
Introduction Form REG 21 is application for revocation of cancellation of registration under GST. What does revocation mean? Revocation means official cancellation. So revocation of cancellation of registration means reversal of decision to cancel the registration. It means registration is still valid. Requirement to file
Annual Return: Section 92 of Companies Act, 2013 Annual Return Annual Return is a publicly available document prepared by a company every year with the information available as at the close of the financial year, to be filed with the Registrar of Companies. It is
