Tag: <span>GST</span>

GST

GST: Government will identify the source of tax evasion, there will be change in IT system

TaxtimesSeptember 28, 2021September 28, 2021

The GST Council, headed by Union Finance Minister Nirmala Sitharaman, had decided to constitute these two ministerial groups on September 17. The Finance Ministry has constituted two committees of state...

GST

GST: Detailed circular issued relating to 45th GST Council Meeting

TaxtimesSeptember 24, 2021September 24, 2021

Recommendation of 45th GST Council Meeting. 1. Clarification relating to export of services-condition (v) of Section 2(6) of the IGST Act, 2017 has been issued. [embeddoc url="https://t.co/wyZQQhObQP?amp=1"] 2. Detailed circular...

GST

Reversal of Input Tax Credit | Simplified with example

GST HEROSeptember 22, 2021September 24, 2021

Reversal of Input Tax Credit Under GST | Simplified With Example GST Input Tax Credit is the crux of the GST structure & the main reason that makes GST a...

GST

Role of GSTR-2B in claiming maximum GST input tax credit

GST HEROSeptember 21, 2021September 21, 2021

Role Of GSTR-2B In Claiming Maximum GST Input Tax Credit GST Input Tax Credit is the ‘Elephant in the Room’ when it comes to the GST in India. The GST...

GST

GST return new rule: This rule will change for GST return from January 1

TaxtimesSeptember 21, 2021September 21, 2021

With effect from January 1, 2022, companies in default of payment of summary return and monthly Goods and Services Tax (GST) will not be allowed to file GSTR-1 sales return...

GSTN

Highlights of 45th GST Council Meeting dated 17th September, 2021

EbizfilingSeptember 20, 2021

Introduction The 45th GST Council Meeting was held on 17th September, 2021 under the charimanship of Honourable Finance Minister Smt. Nirmala Sitharaman. The said Meeting took place at Lucknow, Uttar...

GST TC VIP Content

Decisions at 45th GST Council Meeting – Key Highlights

CS LALIT RAJPUTSeptember 18, 2021September 18, 2021

The 45thGST Council meeting washeld today i.e. on September 17, 2021under the Chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman at Lucknow. The meeting is the first...

GST

Recommendations of 45th GST Council Meeting [ Highlights Decisions taken by GST Council ]

PIBSeptember 17, 2021September 17, 2021

Life-saving drugs Zolgensma and Viltepso used in treatment of Spinal-Muscular Atrophy exempted from GST when imported for personal useExtension of existing concessional GST rates on certain COVID-19 treatment drugs upto...

TC VIP Content

Watch LIVE: Finance Minister Nirmala Sitharaman addresses media, post GST council meeting

TaxtimesSeptember 17, 2021September 17, 2021

FM Smt. @nsitharaman to address a media briefing on the outcomes of 45th GST Council meeting at 6:30 PM (tentative) in Lucknow today. Note:- As the GST Council meeting is...

GST

Consumers can get relief from the inflation of petrol and diesel, 45th meeting of GST Council in Lucknow on Friday

TaxtimesSeptember 14, 2021September 14, 2021

The 45th meeting of the GST Council is to be held in Lucknow on September 17. https://twitter.com/FinMinIndia/status/1433096203009343490?ref_src=twsrc%5Etfw%7Ctwcamp%5Etweetembed%7Ctwterm%5E1433096203009343490%7Ctwgr%5E%7Ctwcon%5Es1_&ref_url=https%3A%2F%2Fwww.tv9hindi.com%2Fbusiness%2Ffinance-minister-nirmala-sitharaman-will-chair-the-45th-meeting-of-the-gst-council-on-17th-september-at-lucknow-805294.html The possibility of including petroleum products in GST will be considered. If this...

GST TC VIP Content

Latest GST Weekly News, Information, Judicial, Notifications & Announcements [Period 06/09/21 to 12/09/21]

VIPUL KHANDHARSeptember 13, 2021September 13, 2021

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...

GST TC VIP Content

Latest GST Weekly News, Information, Judicial, Notifications & Announcements [Period 30/08/21 to 05/09/21]

VIPUL KHANDHARSeptember 6, 2021September 6, 2021

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...

BUSINESS & ECONOMY

PF, GST, Bank, PAN Card Linking: 6 New Rule Changes to Overcome in September, check details here

TaxtimesSeptember 4, 2021September 4, 2021

PF-Aadhaar Linking: The Employees' Provident Fund Organization (EPFO) has made it mandatory to link Aadhaar card with PF UAN (universal account number) for PF contribution and other benefits. The deadline...

GST

Important Advisory on HSN and GSTR-1 Filing

taxconceptAugust 31, 2021August 31, 2021

1.In accordance with Notification No. 78/2020 – Central Tax, dated October 15, 2020, taxpayers need to declare Harmonised System of Nomenclature (HSN) Code of Goods and Services supplied by them...

GST

Good News for taxpayers – GST Amnesty Scheme now extended till 30.11.2021

CA Jayprakash PandeyAugust 29, 2021August 29, 2021

GST Amnesty Scheme now extended till 30.11.2021 [embeddoc url="https://taxconcept.net/wp-content/uploads/2021/08/5_6149964886618145688.pdf"]

GST

State-wise GST collection: July 2020 to July 2021

CA Rajender AroraAugust 17, 2021August 17, 2021

PIB Delhi released a Press Release on 1st August 2021 stating the GST Revenue collection for July 2021. It also stated the State wise GST Collection comparison of July 2020...

TC VIP Content

GST to be levied on e-vouchers and gift cards

TaxtimesAugust 13, 2021August 13, 2021

The Karnataka-based Authority for Advance Ruling has, by a decision, treated e-vouchers issued by marketing firms as a part of the overall supply of goods and services which is taxable...

GST TC VIP Content

GST Taxpayers ALERT! Due date for QRMP Scheme Tomorrow, check the Invoice Furnishing Facility (IFF)- SEE Step by Step Process here

gmAugust 12, 2021August 12, 2021

Attention GST taxpayers! There is an important update for the GST taxpayers who have opted for the Quarterly Return Monthly Payment Scheme (QRMP) scheme. CBIC said, "Attention GST Taxpayers who...

GST TC VIP Content

GST ITC available on installation of Solar Power Panel as electricity so generated captively used for manufacture of taxable goods

Akshit GadhiaAugust 12, 2021August 12, 2021

In the matter of M/s. KLF Nirmal Industries Pvt. Limited [Order No. 19/ARA/2021 dated June 18, 2021], M/s. KLF Nirmal Industries Pvt. Limited (“the Applicant”) has sought the Advance Ruling...

GST TC VIP Content

Supply of vouchers and it’s taxability under GST

Akshit GadhiaAugust 12, 2021August 12, 2021

In the matter of Premier Sales Promotion Pvt. Ltd. [Advance Ruling No. KAR ADRG 37/ 2021 decided on July 30, 2021] Premier Sales Promotion Pvt. Ltd. (“the Applicant”) was engaged...

GST

GSTN issued Advisory on GSTR-1 Filing

CA Jayprakash PandeyAugust 12, 2021

GSTN issued Advisory on GSTR-1 Filing (11 August 2021)

GST INDIRECT TAXATION TC VIP Content

To know how? Diesel not under GST but GST @ 18% as part of composite service

CA Jayprakash PandeyAugust 11, 2021August 11, 2021

Cost of diesel incurred as part of a composite service will attract GST even though the fuel itself has not been included under the new indirect tax system, it has...

GST

Those who do not file GST returns will not be able to generate E-way bill After August 15, the government ended the relief

TaxtimesAugust 6, 2021August 6, 2021

GST Network has said that taxpayers who have not filed GST returns for two months till June 2021 or the June 2021 quarter will not be able to generate e-way...

TC VIP Content

Weekly Taxation Newsletter

taxconceptAugust 4, 2021August 4, 2021

We thought it would help to give you a sense of what’s available to you by subscribing to this WEEKLY TAXATION NEWSLETTER. Income Tax Updates GST Updates Custom/Excise Updates Important...

GST TC VIP Content

New functionality Deployed on GST Portal – July 2021

CS LALIT RAJPUTAugust 3, 2021August 3, 2021

GST Portal has implemented various new functionalities on the GST Portal (Click Here), from time to time, for GST stakeholders. Latest Updates:The taxpayers, who have registered at GST portal but...

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...

GSTN

GST Update: How to add bank account in GST registration details

TaxtimesJuly 30, 2021July 30, 2021

Functionality to check and update bank account details A functionality to check status of bank account details update for the taxpayers who have taken new registration at GST Portal but...

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...

GSTN PORTAL

Tracking Refund status on GST Portal

CA Rajender AroraJuly 23, 2021July 23, 2021

Generation of ARN: - ARN is Application Reference Number. Once the application of refund is submitted successfully, ARN is generated. Refund Status is tracked by ARN.How to check the status...

Tag: GST

GST: Government will identify the source of tax evasion, there will be change in IT system

GST: Detailed circular issued relating to 45th GST Council Meeting

Reversal of Input Tax Credit | Simplified with example

Role of GSTR-2B in claiming maximum GST input tax credit

GST return new rule: This rule will change for GST return from January 1

Highlights of 45th GST Council Meeting dated 17th September, 2021

Decisions at 45th GST Council Meeting – Key Highlights

Recommendations of 45th GST Council Meeting [ Highlights Decisions taken by GST Council ]

Watch LIVE: Finance Minister Nirmala Sitharaman addresses media, post GST council meeting

Consumers can get relief from the inflation of petrol and diesel, 45th meeting of GST Council in Lucknow on Friday

Latest GST Weekly News, Information, Judicial, Notifications & Announcements [Period 06/09/21 to 12/09/21]

Latest GST Weekly News, Information, Judicial, Notifications & Announcements [Period 30/08/21 to 05/09/21]

PF, GST, Bank, PAN Card Linking: 6 New Rule Changes to Overcome in September, check details here

Important Advisory on HSN and GSTR-1 Filing

Good News for taxpayers – GST Amnesty Scheme now extended till 30.11.2021

State-wise GST collection: July 2020 to July 2021

GST to be levied on e-vouchers and gift cards

GST Taxpayers ALERT! Due date for QRMP Scheme Tomorrow, check the Invoice Furnishing Facility (IFF)- SEE Step by Step Process here

GST ITC available on installation of Solar Power Panel as electricity so generated captively used for manufacture of taxable goods

Supply of vouchers and it’s taxability under GST

GSTN issued Advisory on GSTR-1 Filing

To know how? Diesel not under GST but GST @ 18% as part of composite service

Those who do not file GST returns will not be able to generate E-way bill After August 15, the government ended the relief

Weekly Taxation Newsletter

New functionality Deployed on GST Portal – July 2021

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

GST Update: How to add bank account in GST registration details

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

Tracking Refund status on GST Portal

Read on app

RBI increases personal loan limit to other banks director’s without board approval to Rs 5 crore

NIC issued list of GSTNs generating IRN