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Source: 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…
Source : 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 –…
Article by, CA Anita Bhadra, Mumbai 1. The Appellate Authority GST, AP in re of Sri Kali Krishna Industries held that Assessing Officer ought to have examined the contentions submitted by the taxpayer before issuing an order. 2. The Assessing…
Source : GSTN / News and updates dated 13.11.2020 1. Certain notified taxpayers have to prepare and issue their invoices by obtaining Invoice Reference Number (IRN) from Invoice Registration Portal (IRP) (commonly referred as ‘e-invoices’). 2. Upon successful generation of…
Source: GSTN / News and updates dated 12.11.2020 Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No. 82/2020 – Central Tax, dated 10th Nov., 2020, has added sub rule (6) to Rule 61 of the Central…
Source: GSTN / News and Updates dated 11.11.2020. GSTN has earlier introduced Form GSTR-2B, a static statement with details of ITC available for a tax period, for the benefit of taxpayers. GSTR-2B is an auto-drafted Input Tax Credit (ITC) statement…
Press Release dated 13.11.2020 from Ministry of Finance Over the years, the Ministry of Finance has been holding pre-budget consultations in North Block with Industry / Commerce Associations, Trade Bodies and Experts to seek ideas for the Annual Budget. Owing…
Following is the extract of Press release 12.11.2020. In a major decision to help the trade and industry in the newly formed Union Territory (UT) of Jammu & Kashmir and UT of Ladakh, the Central Government has decided to extend…
Notification no.81/2020-CT dated 10.11.2020 In exercise of the powers conferred by clause (b) of sub-section (2) of section 1 of the Finance (No. 2) Act, 2019 (23 of 2019), the Central Government hereby appoints the 10th day of November, 2020,…
Article by, K Srinivasan HAS anyone faced problems of Taxability of Coupons/Gift cards/Vouchers given by bankers to company or by the Employer to its staff and so on? Currently they are not charging GST Is it because they are in…