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Under GST the new year 2022 is going to draw the important amendments in the way of claiming the GST ITC via assessee. Another condition to claim the GST ITC via the recipient of goods and services made by the Finance act 2021 would get effective from 1st Jan 2022. Through the forthcoming amendments, the […]
GSTR 9 and GSTR 9C Forms Due Date Extended Finally, GSTR 9 and 9C Due Date Extended by Government Over Multiple Request. The annual return form GSTR 9 and the reconciliation statement i.e. self-certified statement forms GSTR 9C for the FY 2020-21 due date have been extended finally by the government in order to justify […]
A decision of Singhbhum Chamber of Commerce and Industry conducted through president Vijay Anand Moonka met Central GST commissioner, M Rahman, and submitted a memorandum directed to Union finance minister Nirmala Sitharaman in the GST amendments. The ITC towards the invoices and debit notes would be available only towards the extent which is filed via […]
GSTR 9, based on Table 8A, is a significant section for the taxpayers in that it has auto-populated features along with the eligible ITC details concerned with the complete financial year from the relevant GSTR 2A/2B return. Also, note that the left-out section’s columns and fields in Table 8 are to be filled up with […]
GSTR 2B is an alternative form for all the month-wise auto-drafted statements for the taxpayers having regularity. Also to check the QRMP scheme if opted or not. The GSTR 2B is a validation form to offer the ineligible and eligible input tax credit for every month just like the GSTR 2A form however being similar […]
The Madras High Court ordered the GST Authority to permit for furnishing the amended Form TRAN-1 by beginning the GST portal as an advantage of Input Tax Credit (ITC) would not be disappointed on the basis of technicalities. The respondent, M/s.Bharat Electronics Limited had filed a claim for Input Tax / CENVAT Credit via filing […]
GST rates revision which is subjected to apply to the textile industry to rectify the tax anomaly dated 1st Jan and this helps in securing the money used as working of businesses and lessens the compliance load and solves the ITC concerning issues the textiles ministry. GST officials decided to amend the tax anomaly known […]
The 46th GST Council meeting has been chaired by FM Nirmala Sitharaman in New Delhi with the presence of all states’ finance ministers and other members. The council members have opposed the new 12% GST rate on textile products so they have deferred the hike tax rate and will discuss it in the next meeting. […]
The Kerala Goods and Service Tax Department provided the rules with respect to the steps which are to be followed towards the investigation of returns and further actions will be taken. Under Section 16(4) of the KSGST Act, 2017, an enrolled individual will not be authorized to avail input tax credit in connection to any […]
