154 ViewsThe Professionals were requesting the Govt. to extend the due date for filing GST Annual Return in Form GSTR 9 & 9C for the FY 2018-19 as there was challenges due to current ongoing situation. The due date for filing the annual return is 30.09.2020. Today, the Govt. has announced thru twitter that the […]
Last 10 days to file GST Annual Return and to start complying E-Invoicing.
140 ViewsGST Annual Return: Last ten days are remaining for filing of GST Annual Return for F.Y.2018-19. The extended due date is 30.09.2020. The taxpayers having turnover up to Rs.2 Crores are having an option to file the annual return. And, those taxpayer having turnover more than Rs.2 Crore but below Rs.5 Crores are require […]
A brief Note on E-Invoice
156 ViewsE-invoice means electronically verified invoice. The invoice verification is done by the Govt. Portal which is called as Invoice Registration Portal. In short it is called as ‘IRP’. The invoice information needs to be sent to the IRP in a particular format which is called as Schema. The schema has mandatory columns as well […]
Kerala VAT Amnesty Scheme – 2020 for settlement of arrears-reg.
138 ViewsThe Government of Kerala has vide Circular No. 02/2020 dated April 04, 2020 introduced an Amnesty Scheme, 2020 whereby taxpayers can settle all the outstanding tax dues pertaining to the period before GST introduction. The Amnesty scheme will be applicable for all pending tax arrears including cases in appeals (except arrears under KGST from […]
Benefits of GST and anti-profiteering provision
163 ViewsCascading of tax: One of the benefits envisaged in GST was removal of cascading of taxes. In erstwhile tax regime it was observed that the State Value Added Tax (VAT) was charged on the value which was arrived at after the levy of Central Excise Duty. The same had resulted into cascading of tax […]