Category: <span>GST</span>

GST

Big relief to businessmen! Now CA audit is not required for GST returns, you will be able to self-certify

TaxtimesAugust 2, 2021August 2, 2021

Goods and Services Tax (GST) taxpayers with a turnover of more than Rs 5 crore will be able to self-certify their annual return. Now Goods and Services Tax taxpayers with...

GST TC VIP Content

Annual Return in GSTR-9 for FY 2020-21 is Now Live

Dhanraj SharmaAugust 1, 2021August 1, 2021

GSTR-9 for FY 2020-21 has been enabled on the GST portal. In case GSTR-9C (Reconciliation statement and Certification) is required to be filed, the same shall be enabled on the...

GST

₹1,16,393 crore gross GST revenue collected in July, 2021

taxconceptAugust 1, 2021

➡️₹1,16,393 crore gross GST revenue collected in July, 2021 ➡️ The revenues for the month of July 2021 are 33% higher than the GST revenues in the same month last...

GST

Removed mandatory requirement of furnishing GSTR 9C from CA

CA Jayprakash PandeyJuly 30, 2021July 31, 2021

The mandatory requirement of furnishing a Reconciliation Statement in Form GSTR-9C certified by a Chartered Accountant has been removed. (Read below relevant section along with relevant notification) As per Notification...

GST

Chartered Accountant Raided by GST Department after He Complained Against GST Officer

Dhanraj SharmaJuly 30, 2021July 30, 2021

CA Tushar Jain of Faridabad has complained against a GST officer. After few days of his complaint, the same GST officer has raided his office with some other officers. President...

GST

GST Alert! Now Taxpayers Should Update Annual Aggregate Turnover Before 31st August 2021. Read How to Update

Dhanraj SharmaJuly 27, 2021July 27, 2021

Now GSTN is showing Annual Aggregate Turnover on taxpayer's dashboard on the website gst.gov.in • The taxpayers can now see the exact Annual Aggregate Turnover (AATO) for the previous FY,...

GST

Did you know that system calculate AATO is now displayed at the Taxpayer’s dashboard?

TaxtimesJuly 27, 2021July 27, 2021

Did you know that system calculate AATO is now displayed at the Taxpayer’s dashboard? Watch the video to know more [embed]https://youtu.be/MsvvxDKSV5w[/embed]

GST

Know Where Notice in Form GST ASMT-10 will be Available on GST Portal

Dhanraj SharmaJuly 26, 2021July 26, 2021

Many taxpayers received emails for ASMT-10 notice. If you finding it difficult to find on portal then here is Path (It will appear after 3-4 days when U receive Email):...

GST TC VIP Content

Learn! How to Make Voluntary Payment in GST through Form GST DRC-03

Dhanraj SharmaJuly 26, 2021August 2, 2021

Form GST DRC-03 is used to make voluntary payment in GST when we are making any payment through Annual Return (GSTR-9)/ Reconciliation Statement (GSTR-9C)/ payment in response to any notice...

GST

Where writ petition filed on ground that sections 65(30a), 65(105)(zzq), 66 and 67 of Chapter V of Finance Act, 1994 is not entertainable on the ground that the writ petitioners/Associations cannot be construed as aggrieved person

CA Rajender AroraJuly 25, 2021July 25, 2021

(HIGH COURT OF MADRAS - ONGC Civil Contractors Association Nagapattinam v. Union of India) (24-06-2021) ONGC Civil Contractors Association filed a writ petition on ground that sections 65(30a), 65(105)(zzq), 66...

GST

Negative Liability in GSTR-4

CS LALIT RAJPUTJuly 24, 2021July 24, 2021

q Filing of Annual returns by composition taxpayers. - Negative Liability in GSTR-4 Instances have come to notice where taxpayers are reporting negative liability appearing in their GSTR-4Background: Since FY 2019-20, composition...

GST

Read! How to Nullify the Amount in Negative Liability Statement Which is due to Table-6 of GSTR-4 Annual Return

Dhanraj SharmaJuly 23, 2021July 24, 2021

How to proceed in case of negative liability: If table 6 of GSTR-4 has not been filled due to oversight, a ticket may be raised to nullify the amount available...

GST

Recent updates from GST portal- Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4

CA Jayprakash PandeyJuly 23, 2021

Filing of Annual returns by composition taxpayers. - Negative Liability in GSTR-4 Instances have come to notice where taxpayers are reporting negative liability appearing in their GSTR-4Background: Since FY 2019-20, composition...

Corporate Compliance Calendar GST INCOME TAX MCA/ROC RBI SEBI NEWS TC VIP Content

39th Weekly Corporate Affairs Newsletter Only for TC VIP Users

CS LALIT RAJPUTJuly 23, 2021July 23, 2021

We thought it would help to give you a sense of what's available to you by subscribing to this 39th WEEKLY CORPORATE AFFAIRS Newsletter- · SEBI Updates · MCA Updates · RBI Updates · IBC Law Updates · Labour...

GST

Instructions by CBIC on Payment of GST by real estate promoter /developer supplying construction of residential apartment etc, on the shortfall value of inward supplies from registered supplier at the end of the Financial Year

BhavneetJuly 22, 2021July 23, 2021

A revised GST rate has been prescribed, w.e.f. the 1st April, 2019 on the supply of service by way of construction of residential apartment. Under this, construction of affordable residential...

GST TC VIP Content

GST Important Advisory: Filing of Annual returns by composition taxpayers – Negative Liability in GSTR-4

taxconceptJuly 22, 2021July 22, 2021

GST

Clarification regarding extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27.04.2021

GOURAV MahiwalJuly 21, 2021July 21, 2021

File No: CBIC-20006/10/2021Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing, New Delhi Circular No. 157/13/2021-GST | Dated the 20th July, 2021 To,The Principal...

GST

Do you know how to change bank account details on the GST Portal?

taxconceptJuly 21, 2021July 21, 2021

Do you know how to change bank account details on the GST Portal? Login to the GST PortalGo to "Services"Click on the tab 'Amendment of Registration Non-Core Fields'Select tab 'Bank...

GST

GST on Housing Societies

taxconceptJuly 19, 2021July 19, 2021

GOODS AND SERVICES TAX GST on Housing Societies Directorate General of Taxpayer ServicesCENTRAL BOARD OF INDIRECT TAXES & CUSTOMS [pdfjs-viewer viewer_width=0 viewer_height=800 url=https://taxconcept.net/wp-content/uploads/2021/07/GST_ON_Co-operative_housing_Societies0509.pdf download=true print=true fullscreen=true fullscreen_target=true fullscreen_text="on" zoom=0 search_term=""...

GST judgement

Update- GST on Gold

gmJuly 19, 2021July 19, 2021

Goods and Services Tax (GST) will have to be paid only for profit on resale of old or second hand gold jewellery. This arrangement has been given by the Authority...

GST TC VIP Content

Important GST Weekly Update

VIPUL KHANDHARJuly 19, 2021July 19, 2021

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...

GST

AAR Maharashtra’s Judgement on Whether Supply of Goods and Services Qualify as Works Contract Under Section 2(19) of the CGST Act 2017

Dhanraj SharmaJuly 19, 2021July 19, 2021

Case: Prasa Infocom & Power Solutions PVT LTD. Dated: 18.03.2020. Query: Whether supply of goods and service by Prasa Infocom & Power Solutions Private Limited to Cray Inc. (Cray) qualify...

GST

Contribution Which is in Excess of Rs 7500 Received by RWA from Members is Only Taxable. The AAR and Circular is Contrary to the Entry in the Exemption Notification: Madras High Court

Dhanraj SharmaJuly 18, 2021

In the case of GREENWOOD OWNERS ASSOCIATION Vs THE UNION OF INDIA. 2021 (7) TMI 591 - MADRAS HIGH COURT, it was held as under: Interpretation of statute - threshold...

GST

GST on Govt. Tenders – Maharashtra AAR

CS LALIT RAJPUTJuly 17, 2021July 17, 2021

GST on Govt. Tenders – Maharashtra AAR Government tenders to attract GST, deemed a service Maharashtra Authority for Advance Ruling (AAR): any tendering should attract GST on the processing fee...

GST

GSTN is Organizing Webinar on Recent Functionalities Related to Registration, Returns, Ledgers and Refunds Deployed on GST Portal

Dhanraj SharmaJuly 17, 2021July 17, 2021

GSTN has recently implemented certain new functionalities on the GST Portal related to Registration, Returns, Ledgers and Refunds. For creating awareness amongst all the stakeholders, GSTN is holding webinar, as...

GST

Ministry of Finance has released ₹75,000 crore to the States and UTs with Legislature under the back-to-back loan facility in lieu of GST Compensation

PIBJuly 16, 2021July 16, 2021

Ministry of Finance has released today ₹75,000 crore to the States and UTs with Legislature under the back-to-back loan facility in lieu of GST Compensation. This release is in addition to...

GST

Quarterly GST Updates- April 2021 to June 2021 (Including Covid-19 relaxations / updates)

CS LALIT RAJPUTJuly 14, 2021July 14, 2021

Quarterly GSTUpdates (April 2021 – June 2021) Including Covid-19 relaxations / updates Goods and Services Tax is an indirect tax used in India on the supply of goods and services....

GST TC VIP Content

GSTN’s Webinar on New Functionalities related to Returns, Ledgers and Payments deployed on GST Portal

taxconceptJuly 14, 2021July 14, 2021

Invite to Taxpayers for GSTN’s Webinar on New Functionalities related to Returns, Ledgers and Payments deployed on GST Portal In Hindi on Wednesday, 14th July 2021 (4:00 PM) at Link

GST

Communicate with your supplier and track unreported invoices

taxconceptJuly 14, 2021July 14, 2021

Communicate with your supplier and track unreported invoices. TRACK UNREPORTED INVOICES FOR ITC "Communication Between Taxpayers" facility Taxpayers can communicate with supplierUpload details of missing invoicesDetails get reflected in supplier's...

GST judgement

Can Intermediary claim refund as ‘export of service’?

BhavneetJuly 13, 2021July 13, 2021

AUTHORITY FOR ADVANCE RULINGS, WEST BENGAL in case of Teretex Trading (P.) Ltd. vide ORDER NO. 03/WBAAR/2021-22 dated JUNE 28, 2021 decided the same issue. • Submission of Applicant:- As...

Category: GST

Big relief to businessmen! Now CA audit is not required for GST returns, you will be able to self-certify

Annual Return in GSTR-9 for FY 2020-21 is Now Live

₹1,16,393 crore gross GST revenue collected in July, 2021

Removed mandatory requirement of furnishing GSTR 9C from CA

Chartered Accountant Raided by GST Department after He Complained Against GST Officer

GST Alert! Now Taxpayers Should Update Annual Aggregate Turnover Before 31st August 2021. Read How to Update

Did you know that system calculate AATO is now displayed at the Taxpayer’s dashboard?

Know Where Notice in Form GST ASMT-10 will be Available on GST Portal

Learn! How to Make Voluntary Payment in GST through Form GST DRC-03

Where writ petition filed on ground that sections 65(30a), 65(105)(zzq), 66 and 67 of Chapter V of Finance Act, 1994 is not entertainable on the ground that the writ petitioners/Associations cannot be construed as aggrieved person

Negative Liability in GSTR-4

Read! How to Nullify the Amount in Negative Liability Statement Which is due to Table-6 of GSTR-4 Annual Return

Recent updates from GST portal- Filing of Annual returns by composition taxpayers. – Negative Liability in GSTR-4

39th Weekly Corporate Affairs Newsletter Only for TC VIP Users

Instructions by CBIC on Payment of GST by real estate promoter /developer supplying construction of residential apartment etc, on the shortfall value of inward supplies from registered supplier at the end of the Financial Year

GST Important Advisory: Filing of Annual returns by composition taxpayers – Negative Liability in GSTR-4

Clarification regarding extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27.04.2021

Do you know how to change bank account details on the GST Portal?

GST on Housing Societies

Update- GST on Gold

Important GST Weekly Update

AAR Maharashtra’s Judgement on Whether Supply of Goods and Services Qualify as Works Contract Under Section 2(19) of the CGST Act 2017

Contribution Which is in Excess of Rs 7500 Received by RWA from Members is Only Taxable. The AAR and Circular is Contrary to the Entry in the Exemption Notification: Madras High Court

GST on Govt. Tenders – Maharashtra AAR

GSTN is Organizing Webinar on Recent Functionalities Related to Registration, Returns, Ledgers and Refunds Deployed on GST Portal

Ministry of Finance has released ₹75,000 crore to the States and UTs with Legislature under the back-to-back loan facility in lieu of GST Compensation

Quarterly GST Updates- April 2021 to June 2021 (Including Covid-19 relaxations / updates)

GSTN’s Webinar on New Functionalities related to Returns, Ledgers and Payments deployed on GST Portal

Communicate with your supplier and track unreported invoices

Can Intermediary claim refund as ‘export of service’?

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