GSTR

Sahin Bagh

JUST IN : SUPREME COURT REFUSES TO INTERFERE IN ORDER PASSED BY RAJASTHAN HC FOR GSTR-9 AND 9C

In the matter of UOI vs Tax Bar Association, Hon’ble Supreme Court through its bench comprising of Hon’ble Justice R F Nariman & Hon’ble Justice Ravinder S Bhatt, at the outset, refused to interfere in order as passed by Hon’ble Rajasthan High Court and also clarified that there would be no penal consequences for delayed …

JUST IN : SUPREME COURT REFUSES TO INTERFERE IN ORDER PASSED BY RAJASTHAN HC FOR GSTR-9 AND 9C Read More »

RAJASTHAN HIGH COURT

TAXPAYERS OF RAJASTHAN CAN FILE GSTR-9 AND 9C (F.Y. 2017-18) WITHOUT LATE FEES UP TO 12th FEB, 2020 – RAJASTHAN HC

In PIL No. 1805/2020, Adv. Sanjay Jhanwar, Adv. Rahul Lakhwani and Adv. Prateek Gattani appeared for the Petitioner (Tax Bar Association, Jodhpur) before the High Court of Rajasthan regarding technical glitches being faced by the taxpayers in filing of GSTR-9/9C on the GSTN portal.  The counsels also informed the court regarding new ways of extension of …

TAXPAYERS OF RAJASTHAN CAN FILE GSTR-9 AND 9C (F.Y. 2017-18) WITHOUT LATE FEES UP TO 12th FEB, 2020 – RAJASTHAN HC Read More »

CBIC NOTIFIES DUE DATES FOR GSTR-3B OF JAN, 2020 TO MARCH, 2020 IN A STAGGERED MANNER (FOR TAXPAYERS UP TO TURNOVER OF 5 CRORE IN PREVIOUS F.Y.)

Notification No. 07/2020 – Central Tax, Dated 3rd February, 2020 In exercise of the powers conferred by section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017), read with sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017 (hereafter in this notification referred to as the …

CBIC NOTIFIES DUE DATES FOR GSTR-3B OF JAN, 2020 TO MARCH, 2020 IN A STAGGERED MANNER (FOR TAXPAYERS UP TO TURNOVER OF 5 CRORE IN PREVIOUS F.Y.) Read More »

CBIC FURTHER EXTENDS DUE DATE FOR GSTR-9 AND 9C (F.Y. 2017-18) IN A STAGGERED MANNER

Notification No. 06/2020 – Central Tax, Dated 3rd February, 2020 In exercise of the powers conferred by sub-section (1) of section 44 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this notification referred to as the said Act), read with rule 80 of the Central Goods and Services Tax …

CBIC FURTHER EXTENDS DUE DATE FOR GSTR-9 AND 9C (F.Y. 2017-18) IN A STAGGERED MANNER Read More »

CORPORATE COMPLIANCE CALENDAR FEBRUARY 2022

CORPORATE COMPLIANCE CALENDAR FOR THE MONTH OF FEBRUARY, 2020

ABOUT ARTICLE : This article contains various Compliance requirements under Statutory Laws. Compliance means “adhering to rules and regulations.” If you think compliance is expensive, try non‐ compliance” COMPLIANCE REQUIREMENT UNDER : Income Tax Act, 1961 Goods & Services Tax Act, 2017 (GST) Other Statutory Laws Foreign Exchange Management Act, 1999 (FEMA) and Important Notifications …

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CHANGES IN CGST ACT AFTER UNION BUDGET, 2020

Clause No. Of Finance Bill 2020 Section of GST Act 2017   Present Provision   Proposed Provision   Remarks                 116                 2(114) ―”Union territory” means the territory of— the Andaman and Nicobar               Islands;Lakshadweep;Dadra and Nagar Haveli [and Daman and Diu]; …

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CBIC EXTENDS DUE DATE FOR GSTR-9 AND 9C (F.Y. 2017-18) IN A STAGGERED MANNER

Considering the difficulties being faced by taxpayers in filing GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend the due dates in a staggered manner for different groups of States to 3rd, 5th and 7th February 2020 as under. Group 1: Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Telangana, Andhra Pradesh, Other …

CBIC EXTENDS DUE DATE FOR GSTR-9 AND 9C (F.Y. 2017-18) IN A STAGGERED MANNER Read More »

STANDARD OPERATING PROCEDURE TO BE FOLLOWED BY EXPORTERS TO GET THEIR REFUND

(1.) As you are aware, several cases of monetisation of credit fraudulently obtained or ineligible credit through refund of Integrated Goods & Service Tax (IGST) on exports of goods have been detected in past few months. On verification, several such exporters were found to be non-existent in a number of cases. In all these cases …

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REPLY FORMAT FOR NOTICE UNDER SECTION 50

REPLY FORMAT FOR NOTICE UNDER RULE 36(4) OF THE CGST RULES, 2017

In previous article, we have discussed about the notices send by GST department under Rule 36(4) of the CGST Rules, 2017. After sharing of that article, we have received various queries from professionals across the country that what is required to be done in case of these notices. So, in this article ; we will …

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GST DEPARTMENT STARTED SENDING NOTICES UNDER RULE 36(4) OF THE CGST RULES, 2017

We know that w.e.f. 09th Oct, 2019, the GST department has restricted ‘the ITC to be claimed in GSTR-3B return to 120% of the eligible credit based on invoices/debit notes uploaded by the suppliers in their GSTR-1 [Rule 36(4) of the CGST Rules, 2017].’ The extract of above rule is as under : “(4) Input …

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REPLY FORMAT FOR NOTICE UNDER SECTION 16(4) OF THE CGST ACT, 2017

In previous article, we have discussed about the notices send by GST department under section 16(4) of the CGST Act, 2017. After sharing of that article, we have received various queries from professionals across the country that what is required to be done in case of these notices. So, in this article ; we will …

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GST DEPARTMENT STARTED SENDING NOTICES UNDER SECTION 16(4) OF THE CGST ACT, 2017

We know that the due date of claiming ITC for F.Y. 2017-18 and F.Y. 2018-19 was 30th Apr, 2019 (March, 2019 GSTR-3B) and 20th Oct, 2019 (Sep, 2019 GSTR-3B) respectively [Section 16(4) of the CGST Act, 2017]. Some taxpayers have filed their GSTR-3B for such F.Y. after due date as mentioned above and have claimed …

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FINANCE MINISTRY ANNOUNCES 3 DIFFERENT DUE DATES FOR FILING GSTR-3B

Considering the difficulties faced by trade and industry in filing of returns, the government has decided to introduce several measures to ease the process. The Finance Ministry today said that now GST taxpayers can file their GSTR-3B returns in a staggered manner. Presently the last date of filing GSTR-3B returns for every taxpayer is 20th …

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OUR REPRESENTATION TO HON’BLE FINANCE MINISTER AND GST COUNCIL FOR EXTENSION OF DUE DATE FOR GSTR-3B OF DEC, 2019

Ref : TC/19-20/3 ; Date : 20th January, 2020 To, Smt. Nirmala Sitharaman Hon’ble Union Minister of Finance, Govt. of India & Chairperson – GST Council 134, North Block, New Delhi – 110 001 The Office of GST Council Secretariat, 5th Floor, Tower II, Jeevan Bharat Building, Janpath Road, Connaught Place, New Delhi – 110 …

OUR REPRESENTATION TO HON’BLE FINANCE MINISTER AND GST COUNCIL FOR EXTENSION OF DUE DATE FOR GSTR-3B OF DEC, 2019 Read More »

CORPORATE UPDATES FOR THE PERIOD 1st JANUARY TO 10th JANUARY, 2020

Good Evening Professionals! This is new Knowledge Initiative by our author CS Lalit Rajput to promote Corporate Governance. We will provide corporate updates after every 10 days to empower professionals. MCA/ROC UPDATE : (1.) Relaxation of additional fees and extension of last date in filing of forms MGT-7 (Annual Return) and AOC-4 (Financial Statement) under …

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DUE DATE FOR FILING GSTR-1 FROM JULY, 2017 TO NOV, 2019 FURTHER EXTENDED

The GST council in its 38th meeting on 18th Dec 2019 had recommended that late fee chargeable on filing of statements of output supplies in Form GSTR-1s, be waived for the GSTR-1 pertaining to period July, 2017 to Nov 2019 if the same are filed by 10/01/2020 The response to this waiver has been very …

DUE DATE FOR FILING GSTR-1 FROM JULY, 2017 TO NOV, 2019 FURTHER EXTENDED Read More »

IS A PERSON SUPPLYING ONLY EXEMPTED GOODS LIABLE TO PAY TAX UNDER RCM ?

In order to get clarity regarding this concept we need to go through registration provisions under CGST Act. Section 22 of the CSGT Act (PERSON LIABLE FOR REGISTRATION) – It provides that every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category States, from …

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HIGHLIGHTS OF NATIONAL TAX CONFERENCE HELD ON 4th AND 5th JAN, 2020 AT JODHPUR

At Sun City, Jodhpur, 2 days National Tax Conference event (4th and 5th Jan, 2020) has held jointly by the Rajasthan Tax Consultants’ Association, Jaipur (RTCA) and Tax Bar Association, Jodhpur. The evant has held at Dr. S.N. Medical College Auditorium, Residency Road, Jodhpur. Hon’ble Chief Minister of Rajasthan Sh. Ashok Gehlot was the Chief …

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Compliance requirements for the Month of December, 2022

CORPORATE COMPLIANCE CALENDAR FOR THE MONTH OF JANUARY, 2020

ABOUT THIS ARTICLE : This article contains various Compliance requirements under Statutory Laws. Compliance means “adhering to rules and regulations.” Compliance Requirement Under : Income Tax Act, 1961 Goods & Services Tax Act, 2017 (GST) Other Statutory Laws Foreign Exchange Management Act, 1999 (FEMA) SEBI (Listing Obligations And Disclosure Requirements) (LODR) Regulations, 2015 SEBI Takeover …

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THE NEW YEAR HAS COME WITH TWO IMPORTANT CHANGES IN GST ACT

Happy new year to all, have a great year ahead. In this article, we are going to discuss about the amendment in Rule 36(4) and the insertion of Rule 86A w.e.f. 01.01.2020 Amendment in Rule 36(4) of CGST Rules, 2017 : Rule 36(4) was first introduced by Notification No. 49/2019 – Central Tax, Dated 09.10.2019, …

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WHAT IS SUO MOTO CANCELLATION AND HOW TO FILE APPLICATION FOR REVOCATION OF SUO MOTO CANCELLATION

Suo Moto Cancellation : Suo Moto Cancellation of GST Registration means cancellation of registration by GST Officer on its own. There must be a valid reason for initiation of proceeding for Suo moto cancellation as specified under Section 29(2) of the CGST/SGST Act. Any liabilities prior to the date of suo moto cancellation will have …

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UPDATED TOOL FOR GSTR-9 AND 9C WILL BE AVAILABLE BY 17th DEC : GSTN

GSTN has amended its alert message for GSTR-9 and 9C which was originally issued on 28.11.2019, is as under : “Government has made some changes in the forms of Annual Return (GSTR-9) and the Reconciliation Statement (GSTR-9C) vide Notification No. 56/2019 dated 14.11.2019. These changes do not impact the current tools required for preparation and filing of …

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ELECTRONIC INVOICING UNDER GST : SUMMARY OF 5 NEW NOTIFICATIONS

Govt. has issued notifications 68/2019 to 72/2019 – Central Tax, Dated 13th December, 2019, which are related to E-Invoicing under GST.  Summary of all these notifications is as mentioned below – Notification No. & Date of issue Subject Summary Notification No. 72/2019-Central Tax ,dt. 13-12-2019 Seeks to notify the class of registered person required to issue …

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CLARIFICATION REGARDING OPTIONAL FILING OF GSTR-9

Circular No. 124/43/2019 – GST, Dated – 18.11.2019 (1.) Attention is invited to Notification No. 47/2019-Central Tax dated 9th October, 2019 providing for special procedure for those registered persons whose aggregate turnover in a financial year does not exceed two crore rupees and who have not furnished the annual return. (2.) Vide the said notification …

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NEWS OF GSTN SYSTEM NOT FUNCTIONING ON 19th & 20th OCT ARE INCORRECT : GSTN

GSTN statement on filing of GSTR-3B (October 2019) –  Dated 20th Nov. 2019 New Delhi : Certain complaints made yesterday on the social media regarding GSTN system not functioning are incorrect. GSTN assures that the GST Return filing system was working within expected limits. Had it not been so, how more than 11.52 lakh GSTR 3B (October) returns …

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AS THE EXTENDED DUE DATE FOR ANNUAL RETURN (F.Y. 2017-18) IS 31st DEC., YOU HAVE TO KNOW ALL ABOUT THIS

As you all might be aware about the notification issued by the CBIC regarding relaxation in filing of annual GST returns. So many of you might be having some questions in their mind. So I have tried answering some of these questions by way of FAQs. Q. What is GSTR-9 ? Ans. GSTR-9 is an …

AS THE EXTENDED DUE DATE FOR ANNUAL RETURN (F.Y. 2017-18) IS 31st DEC., YOU HAVE TO KNOW ALL ABOUT THIS Read More »

GUJARAT HC ISSUES NOTICE TO GST COUNCIL & GSTN FOR ‘20% ITC RULE IN GST’

The Central Board of Indirect Taxes & Customs (CBIC) tweaked the ITC norms by bringing in a new rule ‘36(4)’ in the Central Goods and Services Tax Rules, 2017 and it was notified on October 9. This section has been challenged in the High Court of Gujarat. After the first hearing, the Court issued notices …

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MAJOR CHANGES IN GSTR-9 AND 9C FOR EASE OF COMPLIANCE

Major Changes in GSTR-9 Suitable amendments for F.Y. 2018-19 wherever there is reference for F.Y. 2017-18 For F.Y. 2018-19, GSTR-2A as on 01.11.2019 will be auto populated. Other simplifications/relaxations for F.Y. 2017-18 & 2018-19 Table Particulars Relaxation 4B to 4E outward taxable supply Option to fill net of credit/debit notes & amendments 5D, 5E & …

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