Sub Section (1) of Section 35 of CGST Act, 2017, Sub Section (6) of Section 35 of CGST Act, 2017 & Section 36 of CGST Act, 2017 read with Rule 56 of CGST Rules, 2017 & Rule...
CBIC released a Press Release on 18.10.2018 stating last date to avail input tax credit in respect of invoices or debit notes relating to such invoices pertaining to period from July, 2017 to March, 2018.1. What is the law for restricting availment of Input Tax Credit? As per section 16 (4) of the ...
Section 14 of CGST Act, 2017 states the provisions about Change in rate of tax in respect of supply of goods or services. 1. What aspects are to be looked upon in case of Change in rate of tax in respect of supply of goods or services?Not with standing anything contained in section 12 or sec...
Following points should be kept in mind while filing the GSTR 3B return for the m/o Sep’20 in Oct’20 1. Take care of ITC pertaining to FY 2019-20. If any Invoice of ITC is left is to be claimed in GSTR-3B from April’19 to March’20, then the same can be claimed ti...
In the recent World Bank's ease of doing business 2020 report, the country jumped to 63rd position, among 190 nations. India also figured among the top 10 performers on the list for the third time in a row. On the same path, GOI time to time ease the compliance, lesser paperwork, transparency and
Various Notifications are issued on 15 th October’2020 and their summary is as follows:- 1. Notification No. 74/2020-Central Tax dated 15.10.2020 Seeks to prescribe the due date for furnishing FORM GSTR-1 for the quarters October, 2020 to December, 2020 and January, 2021 to March, 2021 f...
