The Goods and Services Tax Network (GSTN) has issued the advisory on opting-in for the composition scheme for the Financial Year 2021-22. How to opt-in for Composition Scheme: The eligible registered taxpayers, who want to opt-in for composition scheme for the FY 2021-22, need to file FORM GST CMP-02 application, on or before 31st March, 2021, post
Due dates for filing of Form GSTR-3B from the Tax Period of January 2021 16/03/2021 1. Government of India, Ministry of Finance (Department of Revenue), CBIC, vide Notification No 82/2020 – Central Tax, dated 10th Nov. 2020, has revised Rule 61 of the Central Goods and Services Tax Rules, 2017, to provide for staggered filing
Various new functionalities are implemented on the GST Portal, from time to time, for GST stakeholders. These functionalities pertain to different modules such as Registration, Returns, Advance Ruling, Payment, Refund and other miscellaneous topics. Various webinars are also conducted as well informational videos prepared on these functionalities and posted on GSTNs dedicated YouTube channel for
The Central Board of Indirect Taxes and Customs vide its Notification No. 05/2021 – Central Tax dated 08th March 2021 notify the e-invoicing applicability on the supplier having aggregate turnover exceeding Rs 50 Crores with effect from 01st April 2021. Earlier this limit was Rs 100 Cr which was implemented w.e.f. 01st of January, 2021.
The Central Board of Indirect Taxes and Customs vide its Notification No 04/2021 – Central Tax dated 28th February 2021 extended the last date of filing of GSTR-9 and GSTR-9C from 28th February 2021 to 31st March 2021. Official notification is as follows:- Government of India Ministry of Finance (Department of Revenue) Central Board of
Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No 03/2021 – Central Tax New Delhi, Date the 23rd February 2021 G.S.R……(E).- In exercise of the power conferred by sub-section (6D) of section 25 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter
This question has been raised on various occasions whether GST would be applicable on the sale of land during the development of township or not and what will be the impact and value of the services performed by the developer promoter. In the recent judgment of the Hon’ble AAR Haryana in M/s. Informage Reality Private
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
