The Central Board of Indirect Taxes and Customs (CBIC) vide its Circular No 150/06/2021-GST dated 17th June 2021 clarifies that services by way of construction of road fall under the heading 9954. This heading inter alia covers general construction services of highways, streets, roads railways, airfield runways, bridges, and tunnels. Consideration for the construction of
Finally, the GST council in the 43rd Meeting held on 28th May 2021 has come with much-awaited relief to the construction industry by way of changing the Time of Supply provision in case of services of construction provided by Developer Promoter to Landowner Promoter and consequently, Landowner promoters shall be eligible to utilize the ITC
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 03/2021 – Central Tax (Rate) dated 2nd June 2021 makes amendment in Notification No 06/2019 – Central Tax (Rate) with respects to the completion certificate. Government of India Ministry of Finance (Department of Revenue) Notification No. 03/2021-Central Tax (Rate) New Delhi, the
Following changes were made to e-way bill software by NIC : E-way bill facility will be blocked for a GSTIN only for defaulting supplier GSTIN now and not for the defaulting recipient or transporter GSTIN. Where mode of transport is Ship, it has now been updated as Ship / Road cum Ship. Now users can
The Central Government after 43rd GST Council Meeting has extended the dates of various compliances by Taxpayers under GST vide Notification No 12/2021 – Central Tax dated 1st May 2021, read with Notification No 17/2021 – Central Tax dated 1st June 2021, Notification No 14/2021 – Central Tax dated 1st May 2021 read with Notification No 24/2021
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 26/2021 – Central Tax dated 01st June 2021 further extends the due date for furnishing declaration in form ITC-04 in respect of goods dispatched to a job worker or received from a job worker, during the period from 1st January, 2021 to
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 23/2021 – Central Tax dated 01st June 2021 notify the amendment in Notification No 13/2020 – Central Tax in order to amend the class of registered person for the purpose of e-invoice. NOTIFICATION New Delhi, the 1st June, 2021 No. 23/2021 –
The Central Board of Indirect Taxes and Customs (CBIC) vide its Notification No 20/2021 – Central Tax dated 01st June 2021 notify the capping on late fees for filing GSTR-1 from the tax period June 2021 onwards or quarter ending June 2021 onwards. NOTIFICATIONNew Delhi, the 1st June, 2021No. 20/2021 – Central Tax G.S.R. 364(E).—
GST on Goods Transport Agency (GTA) Vs Goods Transport Operator (GTO) There is an ongoing confusion amongst the business organizations and finance professional with respect to the applicability, taxability and exemption in GTA and GTO services under GST Law. Here we would like to highlight key impacts, definition, taxability and exemption to GTA and GTO
