Latest Notifications Issued By CBIC: Notification No. 15/2021 –Central Tax i) Composite supply of works contract to Govt. Entity or Govt. Authority will be taxable @18 percent w.e.f. 01st January, 2022 ii) Job Work by way of Dyeing and Printing of Textile and Textile Products will be taxable @12 percent w.e.f. 01st January, 2022 Notification …
GST WEEKLY UPDATE : [Period 08/11/21 to 14/11/21] 1. Common Errors & Suggested Solutions relating to the GST reg application, Appeal , GSTR-9 & 9C matter as under by the GST portal Error Code Error Category / Form Error Message Why this error comes? Suggested Solution 9018 Application Issue Something seems to have gone wrong …
Latest GST News, Information, Notifications & Announcements Read More »
CBIC issues Guidelines for disallowing Debit of Electronic Credit Ledger under GST The CBIC vide CBEC-20/16/05/2021-GST/1552 dated November 02, 2021 issued guidelines for disallowing debit of electronic credit ledger under Rule 86A of the Central Goods & Services Tax Rules, 2017 (“CGST Rules”). The reasons for such belief must be based only on one or more of the …
![Latest GST News, Information, Notifications & Announcements [Period 03/01/22 to 09/01/22]](https://i0.wp.com/taxconcept.net/wp-content/uploads/2021/11/pexels-photo-239548.jpeg?fit=1024%2C682&ssl=1)
Latest GST Portal Weekly News, Information, Circular, Notifications & Announcements [Period 25/10/21 to 31/10/21] 1. CBIC Notified that Permanent Transfer of IPRs attracts 18% GST: The CBIC has notified that permanent transfer of IPRs attracts 18% GST. In exercise of the powers conferred by sub-section (1) of section 9 and subsection (5) of section 15 …
Latest GST News, Information, Notifications & Announcements Read More »
GST WEEKLY UPDATE– GST News – Get Latest Updates & Information on GST 1. Job work return Form ITC-04 on Inputs/Capital Goods sent to or Received from a Job Worker to be file before 25th October for the period 1st july to 30th sep-2021: The GST Taxpayers has to file Form ITC-04 in respect of …
1. GST Advisory On Availability Of ITC For F.Y.2020-21: As per Section 16(4) of CGST Act, 2017, no taxpayer shall take input tax credit in respect records (invoices and debit notes) for supply of goods or services (or both) for Financial Year 2020-21 after the due date of furnishing the return for the month of …
GSTN to soon make enhanced facilities of GST Return, Refund, Registration available on GST portal: Returns Auto-Interest Computation in R-3B/CMP-8/R-5 Negative Liability in GSTR-3B Changes in Comparison Report Refunds Converting IGST Refund withheld cases at ICEGATE into RFD-01 Refund of Advances paid but supplies not made under development Refund to be filed by the Unregistered …
![Latest GST Portal Weekly News, Information, Judicial, Notifications & Announcements [Period 27/09/21 to 03/10/21]](https://i0.wp.com/taxconcept.net/wp-content/uploads/2021/10/WhatsApp-Image-2021-10-04-at-10.59.52-AM.jpeg?fit=1024%2C636&ssl=1)
1. Precaution to be taken before filling of the September-2021 GSTR-1 monthly & quarterly returns & GSTR-3B return · Avail pending ITCp It is the last chance for availing the pending ITC for the financial year 2020-21 as the taxpayers file GSTR-3B for the Sep’21 return period in October 2021. The entire reconciliation process for the year …
![Latest GST Weekly News, Information, Judicial, Notifications & Announcements [Period 20/09/21 to 26/09/21]](https://i0.wp.com/taxconcept.net/wp-content/uploads/2021/03/New-Functionalities-on-GST-Portal-You-Must-Know.jpg?fit=660%2C440&ssl=1)
1. CBIC Clarifies Regarding Amount of CGST, SGST, or IGST wrongly paid for Intra-State or Inter-State shall be Refunded within 2 years: CBIC has clarified that the term “subsequently held” in section 77 of CGST Act, 2017 or under section 19 of IGST Act, 2017 covers both the cases where the inter-State or intra-State supply …
![Latest GST Weekly News, Information, Judicial, Notifications & Announcements [Period 13/09/21 to 19/09/21]](https://i0.wp.com/taxconcept.net/wp-content/uploads/2021/09/WhatsApp-Image-2021-09-20-at-10.31.34-AM.jpeg?fit=1024%2C536&ssl=1)
Recommendations For GST Changes By 45th GST Council Meeting: Construction Industry: Brick kilns would be brought under special composition scheme with threshold limit of Rs.20 lakhs, with effect from 1.4.2022. Bricks would attract GST at the rate of 6% without ITC under the scheme. GST rate of 12% with ITC would otherwise apply to bricks. …
![Latest GST Weekly News, Information, Judicial, Notifications & Announcements [Period 06/09/21 to 12/09/21]](https://i0.wp.com/taxconcept.net/wp-content/uploads/2021/09/WhatsApp-Image-2021-09-13-at-8.32.20-AM.jpeg?fit=1024%2C655&ssl=1)
CBIC issues clarification on Extension of Time Limit to apply for Revocation of Cancellation of GST Registration: The Central Board of Indirect Taxes and Customs issued the clarification regarding extension of time limit to apply for revocation of cancellation of registration. The date for filing application for revocation of cancellation of registration in all cases …
GST Portal now accepting Application for Revocation of Cancelled GST Registration: The GST Portal is now accepting applications for revocation of cancelled GST Registration. As per notification no. 34/2021-CGST dated 29th Aug 2021, the Central Board of Indirect Taxes and Customs (CBIC) notified the extension of the due date to September 30, 2021 for filing …
GST WEEKLY UPDATE : 22/2021-22 (29.08.2021) The CBIC has extended the GST Amnesty Scheme till 30th November 2021: The Government, vide Notification No. 19/2021- Central Tax, dated 01.06.2021, had provided relief to the taxpayers by reducing / waiving late fee for non-furnishing FORM GSTR-3B for the tax periods from July, 2017 to April, 2021, if …
Latest GST Weekly News, Information, Judicial, Notifications & Announcements Read More »
GSTN portal has recently added an option to pre-fill an application form for the tax refund of the tax filed for the taxpayers: The portal has included the columns for the information required by the taxpayer to file the tax refund. The columns for the tax refund details require certain information such as: Aadhar Number Income tax …
Summary of Recent updates in GST Important changes in QRMP Scheme Upcoming functionalities to be deployed on GST Portal GSTN enables Request for adjournment for Personal Hearing in GST portal Enabled mechanism to disallow use of same Certificate of Origin number in more than one Bill of Entry (BOE) in certain cases w.e.f. July 08, …