Reading Time: 2 minutesThe Central Board of Indirect Tax and Customs (CBIC) had issued a notification on 23rd March 2020, about Aadhar authentication for GST registration from 1st April 2020, amended vide notification 62/2020 dated 20th August 2020 to be made optional. The aadhar authentication for GST registration is not required for non-residents, persons other than citizens of
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Reading Time: 2 minutesGSTR-1 through SMS, The CBIC has issued new guidelines to fill the NIL GSTR–1 form through SMS, to initiate the SMS facility, the taxpayers need to send SMS to 14409 as NIL<space>R1<space>GSTIN number<space>Tax period (in MMYYYY) A taxpayer may now file NIL Form GSTR-1, through an SMS, apart from filing it through online mode, on GST Portal. To file NIL Form GSTR-1 through SMS, the taxpayer must
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Reading Time: 2 minutesLate Fee Relief, providing relief to the taxpayers in view of spread of Novel Corona Virus, Government has extended dates for GST filings as notified vide Not. No. 52 & 54/2020 dt 24.06.2020 and Not. No 57/2020-CT dated 30.06.2020. Late Fee Relief to Normal Taxpayers filing Form GSTR-3B: Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY
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Reading Time: 2 minutesInterest payable on GST, The Central Board of Indirect Taxes and Customs (CBIC) provided a big Relief in Payment of Interest to Normal Taxpayers filing Form GSTR-3B in below mentioned manner : a. Interest payable on GST for Taxpayers having aggregate turnover > Rs. 5 Cr. in preceding FY Tax period(in 2020) Due Date(in 2020)
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Reading Time: 2 minutesSecurity Services under GST, In general terms the Security Service means service rendered by any person towards the security of any movable or immovable property or security of any person in any manner. In Service Tax Regime, security services provided by individual, HUF or partnership firm to a body corporate were covered under Reverse Charge
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Reading Time: 2 minutesCompensation Cess Validity, Supreme Court rejects review Petition in the case of Mohit Minerals, The Case of Mohit Mineral Pvt Ltd Vs UOI reported in 2020-TIOL-23-SC-GST The Hon’ble Supreme Court in the above referred case held as under Application for oral hearing is rejected. The present review petition is devoid of merits & so merits
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Reading Time: < 1 minuteGSTR3B NEW Process, The Finance Ministry has now allowed to file GSTR-3B returns in a staggered manner, the Government has decided to ease the process for trade and industries after taking the hassle of return filing into account. Thus the introduced different measures vide Notification No. 072020 – Central Tax dated 3rd February, 2020 . Every
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Reading Time: 2 minutesGSTP Exam, The National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has been authorized to conduct an examination for confirmation of enrollment of Goods and Services Tax Practitioners (GSTPs) in terms of the sub-rule (3) of Rule 83 of the Central Goods and Services Tax Rules, 2017, vide Notification No. 24/2018-Central Tax dated 28.5.2018.
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Reading Time: 2 minutesIn a press release CBIC told that Racket of issuance of fake invoices involving GST of Rs 22 crores busted by the Central GST Delhi North Commissionerate on 14.11.2019 Central GST Delhi North Commissionerate has unearthed a racket of issuance of fake invoices without actual supply of goods and services. Shri Naveen Mutreja and
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Reading Time: 2 minutesGSTR-9, According to the press release the Government has decided today to extend the due dates of filing of Form GSTR-9 (Annual Return) and Form GSTR-9C (Reconciliation Statement) for Financial Year 2017-18 to 31 st December 2019 and for Financial Year 2018-19 to 31 st March 2020. The Government has also decided to simplify these
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