Introduction- Taxpayers throughout the country are receiving multiple notices which pertain to blocking of input tax credit invoking rule 86(A) of the CGST rules 2017. In many instances notices are also not received by the taxpayers and the fact only comes to notice when one
Facing Blocked ITC CAL- MRS REALTY PRIVATE LTD & ANR. Vs UNION OF INDIA & ORS GST – Petition challenging the constitutional validity of Rule 86A of the CGST Rules and reading down of Section 16(2)(c) of the CGST Act HELD – Serve Notices
Taxation is the price that civilized communities pay for the opportunity of remaining civilized! Section 194Q Deduction of tax at source on payment of a certain sum for the purchase of goods. 194Q. (1) Any person, being a buyer who is responsible for paying
What are the recent changes related to the QRMP Scheme? Auto population of GSTR 3b Liability- GSTR 3b contains the data of sale and ITC. It also calculates the final tax liability. This liability is based on tax payable and ITC received. Now, this data
A. Due dates for Compliances under GST GSTR-3B – Monthly GST Return Turnover in the previous financial year Return for the Month Extended Due Date Up to Rs. 5 Crores – Category -I (For Taxpayer who is opting for QRMP Scheme) APRIL-JUNE – 2021 22-JULY-2021
Latest Update in GSTR-1 As per the latest changes in GST, You cant file GSTR 1of the next month unless you file the GSTR 1 and 3b of the previous month. There is a history of ITC frauds behind this provision. The recipient will lose
Introduction E – waybill is a document required for the movement of Goods. It is not always related to the sale or supply. But if there is a movement, E waybill should be prepared. It is covered by GST provisions. It contains information related to
[TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS Notification No. 28/2021 – Central Tax New Delhi, the 30th June 2021 Related Topic:
Notification No. 76/2021 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 2nd July 2021 G.S.R. 470(E).—In exercise of the powers conferred by section 48 read with section 295 of the Income-tax Act, 1961 (43 of 1961), the Central
Tax Calendar Due date Form/Return/Challan Reporting Period Description 7th July 2021 Form No. 27C Submission of declaration for no TCS u/s 206C(1A) obtained from manufacturer to the Commissioner/Chief Commissioner of Income Tax as the case may be. 7th July 2021 Form No. Challan Form ITNS
