199 ViewsArticle by, Mr. CA Sudhir Halakhandi [email protected] By extending the dates of GST and tax audit, the government has given clear indication that the government is not only sensitive about the real problems of taxpayers at this time but is also taking timely action. See, these dates had to be extended later because the […]
GSTR 9, 9C filing for FY 2018-19 is extended to 31.12.2020
168 ViewsGST Annual return in FORM GST 9, 9A & 9C for FY 2018-19 was required to be filed on or before 31.12.2019. The said due date was extended up to 31.03.2020 vide Order No.08 – Central Tax dated 14.11.2019. The due date was further extended to 30.06.2020 vide Notification No.15/2020-CT dated 23.03.2020. The due […]
Common Errors in E-Invoicing and its solution : IRP
184 ViewsError Code : 2150 Error Message : Duplicate IRN Reason for Error : Attempting to register a document again which is already registered and IRN is generated. Resolution : Don’t fire the same request simultaneously. This results in one request giving the error as ‘Duplicate IRN request’. Best way to avoid firing of IRN […]
Summary of Notifications issued by CBIC on 15.10.2020
189 ViewsNotification no.74/2020-CT dated 15.10.2020 : Due date for filing GSTR-1 for taxpayers having aggregate turnover up to 1.5 Crore in preceding financial year or current financial year is notified. The registered person shall furnish the details of outward supplies of goods or services or both in GSTR-1 for the quarter October, 2020 to December, […]
Amendment of Rule 36 (4) of CGST Rules: Without any Basis..!!
186 ViewsArticle by, Ms. Radhika Prabhu, Practising C.A. Partner- RPSP & Associates, Mumbai Input Tax Credit of GST is the basic right of the taxpayers and shall not denied under any circumstances whatsoever. The Central Government has imposed restrictions on availment of Input Tax Credit (ITC) to the extent of only matched ITC in GSTR-2A […]
Clarification regarding application of rule 36(4) of CGST Rules
162 ViewsCircular No. 142/12/2020-GST dated 09.10.2020 is been published by CBIC to clarify the application of rule 36(4) of CGST Rules for the period from February, 2020 to August, 2020. With effect from 09.10.2019, vide Notification 49/2019-Central Tax dated 09.10.2019, the taxpayer were allowed to claim input tax credit only of those invoices which are […]
Clarification on Table 4, 5, 6 & 7 of the GSTR-9 for FY 2018-19
160 ViewsPress release is published by Ministry of Finance yesterday i.e. 09.10.2020 to clarify certain doubts as regard table no. 4, 5, 6 & 7 of GSTR-9 and also to clarify regarding the category of taxpayers who are required to file GSTR-9 and 9C for FY 2018-19. Press release is the outcome of the representation […]
Blocking of E-way bill generation facility after 15.10.2020
190 ViewsRule 138E of CGST Rules, 2017, provides for the restriction on furnishing of information in PART A of FORM GST EWB-01. As per clause (a) of said rule, no person paying tax u/s 10 or availing the benefit of Notification No.02/2019-Central Tax dated 07.03.2019 (including consignor, consignee or transporter, an e-commerce operator or a […]
Recommendations of the 42nd GST Council meeting held on 5.10.2020
174 ViewsThe 42nd GST Council meeting under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing held today i.e. 05.10.2020. The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs and senior officers of […]
E – Invoicing – relaxation for one month 01.10.2020 to 31.10.2020
155 ViewsCBIC has issued a Notification no.73/2020 – Central Tax dated 01.10.2020 providing relaxation to the taxpayer on the e-invoicing compliance for a period of one month. The said notification provides a special procedure where a taxpayer can raise invoice without IRN and QR code during the period from 01.10.2020 to 31.10.2020. However, for all […]
