Frequently Asked Questions on Quarterly Return Monthly Payment (QRMP) Scheme .Q 1: What is the QRMP scheme? What are its benefits? A: Quarterly Return, Monthly Payment of Taxes (QRMP) Scheme is a scheme to simplify compliance for small taxpayers. Under this scheme, taxpayers having an aggregate turnover at PAN level up to Rs. 5 crores
WHETHER ITC AVAILABLE ON CANTEEN SERVICES AND BUSINESS PROMOTION EXPENSES INCURRED BY THE COMPANY In the recent judgment of the Hon’ble AAR Haryana in M/s. Musashi Auto Parts Pvt. Ltd. [Advance Ruling No. HAR/HAAR/R/2019-20/18 dated February 4, 2020] has held that ITC is not available with respect to canteen services provided by the employer to
CBIC has issued the Standard Operating Procedure (SOP) for implementation of the provisions of suspension of registrations under sub-rule 2A of rule 21A of CGST Rules, 2017:- CBEC-20/06/01/2021-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing **** New Delhi, dated the 11th February 2021
Registration under GST can either be cancelled by the GST officer or by the registered person or by the legal heirs in case of death of a registered person. GST act also provides for the provision of revocation of cancellation of GST registration in case registration is cancelled by GST officer. In this article, we
Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 02/2021 – Central Tax New Delhi, the12th January, 2021 G.S.R.(E). -In exercise of the powers conferred under section 3 read with section 5 of the Central Goods and Services Tax Act, 2017 (12 of 2017) and section
Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 01/2021 – Central Tax New Delhi, the 1st January 2021 G.S.R……(E). – In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on
Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 94 /2020 – Central Tax New Delhi, the 22nd December, 2020 G.S.R……(E). – In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government,
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 92/2020 – Central Tax dated 22nd December 2020 notify the applicability of Section 119, 120, 121, 122, 123, 124, 126, 127 and 131 of Finance Act, 2020 with effect from 01st January 2021. Government of India Ministry of Finance (Department of Revenue)
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 90/2020 – Central Tax dated 01st December 2021 amends the Notification No 12/2017 – Central Tax dated 28th June 2017. Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 90/2020 – Central Tax
Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Corrigendum New Delhi, the 13th November, 2020 G.S.R…(E).:- In the notification of the Government of India, in the Ministry of Finance, Department of Revenue, No. 86/2020-Central Tax, dated the 10th November, 2020, published in the Gazette of India, Extraordinary,
