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Debit Note is delinked from its original invoice for the purpose of claiming Input Tax Credit (ITC) u/s 16(4) of CGST Act, 2017. By virtue of S.16(4) of CGST Act, Input Tax Credit (ITC) on any invoice can be claimed…
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,…
Notification 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…
1. Notification No.04/2020-Central Tax (Rate) ,dt. 30-09-2020 : CGST exemption on services by way of transportation of goods by air or by sea from customs station of clearance in India to a place outside India is being extended by one…
Notification No. 63/2020-Central Tax dated 25.08.2020 has been published by CBIC to give effect to Section 100 of the Finance (No. 2) Act, 2019 (23 of 2019) dated 01.08.2019 which provides as below, In section 50 of the Central Goods…
Issue 1 : A supplier has received an advance for supply of service to be made in future. He also raised an invoice and paid GST to the Govt. Subsequently, the Service contract got cancelled. In such situation, whether the…
ITC restriction u/r 36(4) is relaxed for period from March to August, 2020: As per rule 36 of CGST Rules, a taxpayer can claim input tax credit only if the invoices appear in GSTR-2A. And, in case the invoices do…
CBIC, vide Circular no. 122/41/2019-GST dated 05.11.2019, had implemented a system for electronic (digital) generation of a Document Identification Number (DIN) for all communications sent by its officers to taxpayers and other concerned persons with effect from 08.11.2019. As an…
Annexure-A F.No. Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing ***** North Block, New Delhi Dated June, 2019 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners…
Change in GST rate on goods w.e.f 01.10.2019. Ref. Notification no. 14/2019-CTR dated 30.09.2019 GST rate on “Tamarind dried” is exempted. It was taxable @5%. Woven and non-woven bags and sacks of polyethylene or polypropylene strips or the like, whether…