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Saturday, February 20, 2021 To The Hon’ble Finance Minister of India Rajpath Marg, E Block, Central Secretariat, New Delhi, Delhi-110011 Email: fmo@nic.in; appointment.fm@gov.in Respected Ma’am, Sub: Request to grant Extension for GSTR 9 & 9C – Financial Year 2019/20 from…
Source : MahaGST.gov.in. The Maharashtra Goods and Service Tax Department (MGSTD) is initiating audit u/s 65 of the MGST Act, 2017 in case of selected Registered Tax Payer. Objects of GST Audit: The primary object of GST Audit is to…
Whether a common man is concerned about GST? The answer is No. A ‘common man’ for the purpose of this article is ‘a consumer’. Whether the supplier is concerned about GST? The answer is No, because he does not pay…
Section 9(3) of CGST Act, 2017 provides that “The Government may, on the recommendations of the Council, by notification, specify categories of supply of goods or services or both, the tax on which shall be paid on reverse charge basis…
Needless to mention that there are number of Notifications, Circular, Advance ruling, High Court judgments, Supreme Court Cases etc. These are published so as to bring changes to the GST Act and Rules. In case of ambiguity in the interpretation…
The Central Government has introduced as scheme called SABKA VISHWAS (LEGACY DISPUTE RESOLUTION) SCHEME, 2019. This scheme came into effect from 01.09.2019 as is available till 31.12.2019. The Central Government has also made the rule called Sabka Vishwas (Legacy Dispute…
The due date for furnishing FORM GSTR-1 for taxpayers having aggregate turnover more than Rs. 1.5 crores for the month of March, 2019 is extended from 11.04.2019 to 13.04.2019
As per section 17(5) of CGST Act, 2017, the Input Tax Credit (ITC) shall not be available in respect of the followings, namely:- Clause (a): Motor vehicles used for transportation of persons having approved seating capacity of up to thirteen…
Section 16 of Central Goods and Service Tax (“the Act”) provides for the eligibility and conditions for taking Input Tax Credit (ITC). The said section provides that, subject to the conditions, every registered person shall be entitled to take credit…
The time limit to claim input tax credit of the invoices pertaining to financial year 2017-18 is 20th April, 2019. As per the provision the time limit was 20th October, 2018. But since the financial year 2017-18 is the first…