In the recent past, tweets have been noticed by the Government on the issue of waiver of the late fee applicable on non-filing of GSTR-3B returns. The demands are largely for the waiver of late...
Overview of the current situation of Businesses amid the Lockdown Let us sum up the current situation of Businesses during the Lockdown due to the Pandemic in one word: Improvise. People usually talk about thriving...
Coming at a time when the prospects for future appear bleak, the decision of the Hon’ble High Court of Delhi in the case of Brand Equity Treaties Ltd and others is heartwarming. Scores of people...
Amid the pandemic situation in India, the Central Board of Indirect Taxes and Customs (CBIC) has enabled the facility to file GSTR-3B through Electronic Verification Code (EVC) and Short Message Service (SMS). The move aims...
The JharkhandHigh Court, on Tuesday, held that the Interest liability under Section 50 of the Central Goods and Service Tax (CGST), 2017 is automatic, but its computation and demand can be raised only after the...
The Central Government has recently amended the Central Goods and Services Tax Rules whereby the date for opting for the composition scheme has been extended. The rules further relaxed the 10 percent restriction on the...
The Central Board of Indirect Taxes and Customs (CBIC) has extended the due date for furnishing FORM GSTR-3B for the supply made in the month of May 2020. A notification released by the CBIC on...
The Central Board of Indirect Tax and Customs (CBIC) has issued the notification extending the due dates of filing GSTR-1, GSTR-3B and GSTR-7 in Union Territory of Jammu and Kashmir. The Department of Revenue under...
GST was implemented in our country from 1st of July 2017, bypassing the GST Act in the parliament on the 29th of March 2017. The main object of GST was to implement a simple tax...
The Customs Excise and Service Tax Appellate Tribunal (CESTAT), Chennai held that the refund of input Cenvat credit cannot be denied for the reasons of premises being unregistered. The assessee-appellant(M/s. MSYS Tech India Private Limited)...
The Central Board of Indirect Taxes and Customs (CBIC) enabled the option to file GSTR-9 and GSTR-9C for the financial year 2018-19. GSTR-9 is an annual return to be filed yearly by taxpayers registered under...
The Gujarat High Court has stayed the recovery of interest on the delayed GST payment from taxpayers who have filed their returns in GSTR-3B Form TaxScan had reported earlier about the CBIC issuing a notice...
The war has begun. The first missile was fired by the CBIC through the CBEC Members letter F.No. CBEC-20/16/07/2020 Dt. 10.02.2020, wherein it was exhorted that in case of delayed filing of return (GSTR-3B), interest...
The Central Board of Indirect Taxes ( CBIC ) has reiterated that, the interest on delayed GST payment will be calculated on Gross Tax liability. The CBIC said that, The GST laws, as of now,...
The Central Board of Indirect Taxes and Customs (CBIC) said that more than 90% of taxpayers have filed the GSTR-9 (Annual Return) and GSTR-9C (Reconciliation Statement) till 12th February 2020. The GSTR 9 is an...
The Central Board of Indirect Taxes and Customs (CBIC) has said that taxpayers who have filed their returns in GSTR-3B Form are required to pay interest on the total amount of tax liability shown in...
The Central Board of Indirect Taxes and Customs (CBIC ) has started the process of Recovery of ineligible Input Tax Credit (ITC ) in Kerala. In a Circular issued by Board, Thiruvananthapuram directed to recovery...
The Central Board of Indirect Taxes and Customs ( CBIC ) has notified the different due dates for GSTR-3B for the Taxpayers having turnover up to Rs. 5cr for January to March 2020. The Notification...
The gross GST revenue collected in the month of January 2020 is ₹ 1,10,828 crore of which CGST is ₹ 20,944 crore, SGST is ₹ 28,224 crore, IGST is ₹ 53,013 crore (including ₹ 23,481 crores collected on imports)...
The Finance Ministry has announced the three due dates for filing GSTR-3B for different categories of Taxpayers. The Finance Ministry today said that now GST taxpayers can file their GSTR-3B returns in a staggered manner. Considering...
The Bangalore Regional Bench of Customs Excise and Service Tax Appellate Tribunal (CESTAT) in the case of M/s. JMT Consultant Detailing Pvt. Ltd. vs. Commissioner of Central Tax, Bangaluru East has held that the refund...
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