315 ViewsSource : GSTN / News and Updates dated 30.11.2020 Certain notified taxpayers have been preparing and issuing invoices by obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). Details from such e-invoices are be auto-populated in respective tables of GSTR-1. An update on the status of such auto-population was […]
Dynamic Quick Response (QR) Code compliance relaxed till Mar2021
177 ViewsNotification No.89/2020-Central Tax dated 29.11.2020 is published by CBIC. Vide this notification the amount of penalty payable by any registered person for non-compliance of the provisions of Notification no.14/2020-Central Tax dated 21.03.2020 is waived for the period between 01.12.2020 to 31.03.2021, subject to the condition that the said tax payer complies with the provisions […]
Facility to file online application for un-blocking of E-Way Bill
180 ViewsSource: GSTN / News and Updates dated 28.11.2020 Below is the extract of press release dated 28.11.2020. Online filing of application (Form GST EWB 05) by the taxpayer for un-blocking of E-Way Bill (EWB) generation facility 28/11/2020 In terms of Rule 138E (a) and (b) of the CGST Rules, 2017, the E-Way Bill (EWB) […]
Section 143 of CGST Act, 2017-Whether mere activity of sending goods by principal to job worker without opting for the procedure laid down in section 143 can be treated as supply; Without such activity falling within the scope of supply under section 7 of CGST Act, 2017, whether principal can be asked to send the goods against payment of tax in absence of any deeming provision in section 143 to treat the activity of sending the goods as deemed supply
176 ViewsAuthored by, CA Dr. Arpit Haldia Introduction to Section 143 of CGST Act and the option to send the goods without payment of tax to the Job Worker It would be apt to quote provisions of Section 143 before moving ahead in this brief write-up A registered person (hereafter in this section referred to […]
Session for taxpayers on e-invoicing and IRN generation
135 ViewsSource: GSTN / News and Updates dated 24.11.2020 From 1-1-2021, Government has mandated e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr. (in any preceding financial year from 2017-18 onwards). For more details, please CLICK HERE. In this regard, GSTN is holding a webinar as below. The taxpayers are requested to join […]
ATTACHMENT OF PROPERTY – UNDER INDIRECT TAX LAWS
193 ViewsThis article is also published in Excise Law Times- Vol-374-dated 15-11-2020 “Attachment” is a legal process being exercised by the judicial or non-judicial authorities for recovery of outstanding amount from the opposite party or recovery of tax dues from the defaulter registered person respectively. The attachment is one of the recovery processes under tax […]
GST Return filing system (v3.0) w.e.f. 01.01.2021
191 ViewsArticle by, CA HARSHIL SHETH, Email : [email protected] Contact: 9879831157 Title: GST Return filing system (version 3.0) from 01.01.2021 Intention to Overhaul GST return filing system, But is it correct solution in reality ??? (Notification 82 to 85 is published to notify / amend rule 60/61/62/61A. Also Circular No.143/13/2020 is issued). This article is […]
Salient features of Qtly Return & Mthly Pymt of Taxes QRMP Scheme
180 ViewsSource: GSTN / News and Updates, dated 20.11.2020. Click here. 1. Who can opt for the scheme: Following registered person (hereinafter RP) can file quarterly returns and pay tax on monthly basis w.e.f. 01.01.2021 : An RP who is required to file Form GSTR 3B with AATO of up to Rs 5 Cr. in […]
Update on Blocking of EWB generation facility, after 01.12.2020
198 ViewsSource: GSTN / News and Updates, dated 16.11.2020 In terms of Rule 138E (a) and (b) of the CGST Rules, 2017, the E-Way Bill (EWB) generation facility of a taxpayer is liable to be restricted, in case the taxpayer fails to file their FORM GSTR-3B returns / Statement in FORM GST CMP-08, for tax […]
Updates on e-invoicing
191 ViewsSource : GSTN / News and Updates, dated 17.11.2020 From 1-1-2021, Government has mandated e-invoicing for the taxpayers with aggregate turnover exceeding Rs. 100 Cr. (in any preceding financial year from 2017-18 onwards). To view the updates on e-invoice – enablement, testing, help options & resources, please CLICK HERE. 1. Certain set of taxpayers […]
