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Source: GSTN / News and Updates 04.12.2020 Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 – Central Tax, dated 11th Nov., 2020, has added sub rule (6) to Rule 61 of the Central Goods…
Rule 46 of CGST Rules, 2017 provides for the particulars that should be there on the face of the tax invoice. The tax invoice, inter-alia, contains Harmonised System of Nomenclature (HSN) code for goods or services supplied through that invoice.…
Source : 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…
Notification 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…
Source: 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…
Authored 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…
Source: 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…
This 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…
Article by, CA HARSHIL SHETH, Email : ca.harshilsheth@gmail.com 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…
Source: 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…