![Latest GST News, Information, Notifications & Announcements [Period 21/02/22 to 27/02/22]](https://i0.wp.com/taxconcept.net/wp-content/uploads/2021/08/GST-6c096fc7.jpg?resize=1024%2C614&ssl=1)
Tracking return status on GST portal I am a taxpayer. How can I track return status that I have submitted after logging to the GST Portal? On submission of the return, you will be given an Application Reference Number (ARN). You can track status of your application by tracking this ARN. To track return status, perform the […]
Posted inMAGAZINES
GSTN Issues Update on Implementation of Rule 59(6) of the CGST Rules on GST Portal
Rule-59(6) of CGST Rules, 2017; inserted vide Notification No. 1/2021 dated 1st January 2021, provides for restriction in filing of GSTR-1 in certain cases : a) a registered person shall not be allowed to furnish the details of outward supplies of goods or services or both under section 37 in FORM GSTR-1, if he has […]
Posted inMAGAZINES
GSTN Issues Advisory on Filing of GSTR-1 As Taxpayers Raised Issues for HSN Summary in GSTR-1
It has been reported by few taxpayers that HSN used by them for reporting in GSTR-1 is not available in the table 12 HSN drop-down. They have further stated that they are facing issues in adding the required HSN details in table -12 and filing of statement of outward supplies in form GSTR-1 of July […]
Posted inMAGAZINES
Government of India Launches the E-Shram Portal for Unorganised Workers
Minister for Labour and Employment, Shri Bhupender Yadav today formally launched e-Shram portal and handed it over to the States/UTs in the presence of the Shri Rameswar Teli, Minister of State for Labour &Employment and Petroleum & Natural Gas. “For the first time in the History of India, a system is being made to register […]
Posted inCOMPANY LAW, MAGAZINES
MCA Issues Latest Frequently Asked Questions on Corporate Social Responsibility (CSR)
Today, MCA has issued Frequently Asked Questions on Corporate Social Responsibility (CSR). These FAQs are in suppression of clarification and FAQs as mentioned in attached picture: The Circular containing latest FAQs can be downloaded by
Posted inMAGAZINES
Enforcement Directorate (ED) Carried Out Searches at Premises of Human Hair Merchants/ Exporters Under FEMA 1999
Enforcement Directorate has carried out search operation at 8 premises of Human Hair merchants/exporters in Hyderabad and in West Godavari District, AP under FEMA 1999. During the Money Laundering investigation by ED against Chinese Online Betting Applications, it was noticed that hawala payments to the tune of Rs. 16 Crore were paid to Human hair […]
Posted inMAGAZINES
Finance Minister Nirmala Sitharaman will Interact with Media at 1.30 PM Today. Check Details Here
Finance Minister Nirmala Sitharaman is chairing Annual Performance Review Meeting with the heads of 12 Public Sector Banks, in Mumbai today. The Finance Minister will unveil EASE 3.0 Report and EASE 4.0 Agenda. EASE (Enhanced Access and Service Excellence) is a common reform agenda for Public Sector Banks aimed at institutionalizing clean and smart banking […]
Posted inMAGAZINES
GSTN is Organising Webinars on New GST Audit Format (GSTR-9C). Check Details Here
GSTN has recently implemented Audit functionality. For creating awareness amongst all the stakeholders, GSTN is holding webinars, as per details given below: 1st Webinar Date: 27th August 2021 Language: Hindi Time: 4.00 PM to 4.30 PM Link to Join: https://youtu.be/eTro-ruqhsc 2nd Webinar Date: 2nd September 2021 Language: English Time: 4.00 PM to 4.30 PM Link […]
Posted inMAGAZINES
AAR Karnataka’s Judgement on Liability to Pay Tax for Supply of Services by Another Person Through the E-Commerce Platform Operated by the Applicant
Case: Humble Mobile Solutions Pvt. Ltd., dated: 19.09.2019 Query: Whether the applicant is liable to pay tax for supply of services by another person through the e-commerce platform operated by the applicant? [ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”2″ ihc_mb_template=”1″ ] To Download the Judgement, Please Click Here [/ihc-hide-content]
Posted inMAGAZINES
Act Now or Surrender! CA Amresh Vashisht Tells Infosys
At 22nd August’s Night, Infosys tweeted that the emergency maintenance of the Income Tax Portal has concluded and the portal is live. We regret any inconvenience caused to taxpayers. The emergency maintenance of the @IncomeTaxIndia portal has concluded and the portal is live. We regret any inconvenience caused to taxpayers. — Infosys India Business (@InfosysIndiaBiz) August […]
Posted inMAGAZINES
After Ministry of Finance has Summoned Infosys CEO, See the Tweets Done by Big Twitter Handles
Ministry of Finance has summoned Sh Salil Parekh, MD & CEO Infosys on 23/08/2021 to explain to Hon’ble FinanceMinister as to why even after 2.5 months since launch of new e-filing portal, glitches in the portal have not been resolved. After this tweet by the Income Tax Department, many big twitter handles have tweeted against […]
Posted inMAGAZINES
Learn How to File an Appeal Against Assessment-Demand Order in GST
How do I file an appeal against a Demand Order? To file an appeal against a demand order, perform following steps: Access the http://www.gst.gov.in URL. The GST Home page is displayed. Login to the GST Portal with valid credentials i.e. your User Id and Password. A. Creating Appeal to Appellate Authority Click the Services > […]
Posted inMAGAZINES
FSSAI Warns Manufacturers and Importers Who are Non Filers of Returns
FSSAI has tweeted that “Non submission of returns is a violation of condition no. 5 of FSSAI License and shall attract a penalty of Rs. 100 per day after 31st August 2021.” For More Details, Please Visit Here Non submission of returns is a violation of condition no.5 of FSSAI License and shall attract a […]
Posted inMAGAZINES
Non Reflection of ITC in GSTR-2A Does Not Mean that Taxpayer Has Not the Right to Claim ITC
Kerala High Court in the case of St. Joseph Tea Company Ltd. Vs State Tax Officer stated that non reflection of ITC in GSTR-2A does not mean that taxpayer has not the right to claim the same. Text of the High Court’s Order: St. Joseph Tea Company Ltd. Vs State Tax Officer Kerala High Court […]
Posted inMAGAZINES
AAR Karnataka’s Judgement on Applicability of IGST at 0% for the Invoices Raised to the SEZ Units, Even If the Accommodation Services were Rendered Outside the SEZ Zone
Case: Poppy Dorothy Noel dated: 20.09.2019 Query: Whether the IGST at 0% is applicable for the invoices raised to the SEZ Units, even if the accommodation services were rendered outside the SEZ Zone? [ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”2″ ihc_mb_template=”1″ ] To Download the Judgement, Please Click Here [/ihc-hide-content]
Posted inMAGAZINES
Real story of American Dollar v/s Indian Rupee: Very Interesting Thread
An Advice to all who are worrying about fall of Indian Rupee. Throughout the country, please stop using cars except for emergency for only seven days (Just 7 days). Definitely Dollar rate will come down. This is true. The value to dollar is given by petrol only. This is called Derivative Trading. America has stopped […]
Posted inICAI
Breaking: ICAI Allows One More Extension for Old Syllabus Exams of CA Students
CA Anupam Sharma has tweeted that council has allowed extension for old syllabus exams. I would like to specially thank CA Amarjit Chopra Ji for his untiring efforts to help students avail one more extension for old syllabus exams. I am also thankful to all the CCMs who supported students. Council has allowed extension 4 […]
Posted inMAGAZINES
AAR Karnataka’s Judgement on Subsidy Received from the State Government
Case: Rashmi Hospitality Services Pvt. Ltd., dated: 20.09.2019 Query: Whether the subsidy received from the state government would form part of consideration under section 2(31) of the CGST Act? [ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”2″ ihc_mb_template=”1″ ] To Download the Judgement, Please Click Here [/ihc-hide-content]
Posted inTC
As GST Amnesty Scheme is Expiring Soon, Professionals are Requesting for Extension of Time Limit for Revocation of Cancelled GST Registrations
We all know that GST Amnesty Scheme is expiring on 31st August 2021. But main problem is that taxpayers are not able to file revocation application on GST Portal due to expiry of time limit and offline revocation is not possible before the expiry date of amnesty scheme, as per professionals. So, professionals are requesting […]
Posted inMAGAZINES
AAR Karnataka’s Judgement on Applicability of Reverse Charge Mechanism (RCM) under GST
Case: JSW Steel Ltd., dated: 21.09.2019 Query: “Whether the Applicant is liable to discharge GST under reverse charge, for the contribution made towards NMET and DMF, in light of Sl. No. 5 of the Notification No. 13/2017- Central Tax (Rate) dated 28.06.2017.” [ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”2″ ihc_mb_template=”1″ ] To Download the Judgement, Please Click Here [/ihc-hide-content]
Posted inMAGAZINES
Do You Know the Importance of 31st August 2021 in GST? If Not, Let’s Have A Look at This Article
31st August is the last date for updation of turnover for the F.Y. 2020-21 on GST Portal. If taxpayer will not update turnover before this date, then system computed turnover will be forwarded to the tax officer for verification. So it is important for taxpayers to update the turnover before 31st August 2021. To update […]
Posted inMAGAZINES
AAR Karnataka’s Judgement on GST Rate on Various Woods Meant for Pulping
Case: West Coast Paper Mills Ltd. dated: 21.09.2019 Query: What is the rate of GST applicable on following types of Wood meant for pulping? (i) Debarked Eucalyptus Wood (ii) Debarked Acacia Wood (iii) Casuarina Wood (iv) Subabul Wood [ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”2″ ihc_mb_template=”1″ ] To Download the Judgement, Please Click Here [/ihc-hide-content]
Posted inMAGAZINES
Infosys will Never be Able to Give Workable Portal to the Government: CA Amresh Vashisht
Finance Minister Smt. Nirmala Sitharaman yesterday said that the glitches in the new income tax portal are expected to be fixed entirely in the next 2-3 weeks. On this statement of Finance Minister, CA Amresh Vashisht said that “A company fooled the Nation & uploaded portal on 1st to 7 June. It was not a […]
Posted inMAGAZINES
AAR Karnataka’s Judgement on GST Rate for the Provision of Construction Service Rendered to NCBS
Case: URC Construction (P) Ltd. dated: 23.09.2019 Query: What is the applicable rate of tax for the provision of construction service rendered to NCBS? [ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”2″ ihc_mb_template=”1″ ] To Download the Judgement, Please Click Here [/ihc-hide-content]
Posted inMAGAZINES
GST Update: Reconciliation Statement in Form GSTR-9C for FY 2020-21 is Now Live
Today, GSTN Portal posted an update that “Reconciliation statement (GSTR-9C) for the FY 2020-21 is available on the portal for filing”. Amendment in Form GSTR-9C vide Notification No. 29/2021- Central Tax Dated 30th July 2021: The requirement to get a GST audit and certification done by a CA/CMA now stands removed. Taxpayers with a turnover […]
Posted inMAGAZINES
Glitches in New Income Tax Portal to be Fixed Soon: Finance Minister Nirmala Sitharaman
Finance Minister Nirmala Sitharaman today said that the glitches in the new income tax portal are expected to be fixed entirely in the next 2-3 weeks. FM Sitharaman also said that Nandan Nilekani sends a message on a weekly basis about the tax portal. “Will inform if the deadline to file return gets extended,” the […]
Posted inMAGAZINES
AAR Karnataka’s Judgement on Subscription to the J-Gate by the Educational Institutions
Case: Informatics Publishing Ltd., dated: 23.09.2019 Query: Whether the supply of services in the nature of subscription to the J-Gate by the educational institutions is eligible for exemption from GST under Notification No.2/2018- Central Tax (Rate)? [ihc-hide-content ihc_mb_type=”show” ihc_mb_who=”2″ ihc_mb_template=”1″ ] To Download the Judgement, Please Click Here [/ihc-hide-content]
Posted inMAGAZINES
41st Weekly Taxation News Letter
We thought it would help to give you a sense of what’s available to you by subscribing to this 41th WEEKLY TAXATION NEWSLETTER. ü Income Tax Updates ü GST Updates ü Custom/Excise Updates ü Important Case Laws ü International Updates ü NRI’s Updates ü Brain Bites – Do you Know ? We have been thrilled with the amazing response we received from our passionate […]
Posted inMAGAZINES
41st Weekly Corporate Affairs News Letter
We thought it would help to give you a sense of what’s available to you by subscribing to this 41th WEEKLY CORPORATE AFFAIRS Newsletter- · SEBI Updates · MCA Updates · RBI Updates · IBC Law Updates · Labour Law Updates · PRESS Information · IPO & Investment Section · IRDAI (Insurance Sector) Updates · Department of Telecommunication · MSME Updates · Competition Commission of India · Cabinet Decisions / New Laws […]