Key Points of recommendation from 45th meeting of GST Council is enumerated as below 1. Rule 36(4) would be amended and ITC would be equivalent to the extent the invoices/ debit notes are furnished by the suppliers. There will not be any provisional ITC of 5% post this amendment. 2. There will not be any
The Central Board of Indirect Taxes and Customs (CBIC) vide its Circular No 159/15/2021-GST dated 20th September 2021 clarifies on doubt related to scope of “Intermediary”. Circular No. 159/15/2021-GST F.No. CBIC-20001/8/2021-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing *** New Delhi, dated the
The Central Board of Indirect Taxes and Customs (CBIC) vide its Circular No 160/16/2021-GST dated 20th September 2021 clarifies on certain GST related issues. Circular No. 160/16/2021-GSTF. No. CBIC-20001/8/2021-GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing******New Delhi, dated the 20th September, 2021 ToThe Pr. Chief Commissioners / Chief Commissioners /
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 34/2021 – Central Tax dated 29th August 2021 extends the due date for filing of application for revocation of cancellation of GST registration from 31st August 2021 to 30th September 2021. Government of India Ministry of Finance (Department of Revenue) Central Board
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 32/2021 – Central Tax dated 29th August 2021 allows filing of GSTR-3B and GSTR-1/IFF using EVC till 31st October 2021. Earlier it was allowed upto 31st August 2021 only. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 64/2021 – Customs (N.T.) dated 30th July 2021 further extended the transitional provisions of Sea Cargo Manifest & Transhipment Regulations 2018. Authorized sea carrier to continue to deliver the cargo declaration in old Forms. till 31st August 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 31/2021 – Central Tax dated 30th July 2021 exempts the registered person whose aggregate turnover in the financial year 2020-21 is up to Rs 2 Crores from filing Annual Return GSTR-9 for the financial year 2020-21. Government of India Ministry of Finance
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 30/2021 – Central Tax dated 30th July 2021 notify the amendment in Form 9 Annual Return and Form 9C Reconciliation Statement for the FY 2020-21 and Part-B of Form GSTR-9C has been omitted. Government of India Ministry of Finance (Department of Revenue)
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 29/2021 – Central Tax dated 30th July 2021 appoints the 01st August 2021 as the date on which the provisions of sections 110 and 111 of the Finance Act, 2021 shall come into force. Section 110 of the Finance Act, 2021 omitted
The Central Board of Indirect Taxes and Customs (CBIC) vide its Circular No 157/13/2021 – GST dated 20th July 2021 issues clarification with respect to the extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27th April 2021. Circular No. 157/13/2021-GST File No: CBIC-20006/10/2021 Government of India Ministry of Finance
