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Here is the comprehensive study of GST notifications based on the Amnesty Scheme & the revision of the time limit to apply for revocation in various scenarios. 1.0 late fees Amnesty scheme for GSTR 3B towards the period July 2017 to April 2021 has been extended from 31st August 2021 to 30th November 2021 [NN […]
The government used to provide the notifications for the information to furnish the yearly return in Form GSTR-9 and the settlement statement in Form GSTR-9C for FY 2020-21. So as to diminish the burden on the small assessee the government on 30/07/2021 has provided Central Tax GST Notification No. 29/2021, 30/2021 and 31/2021. From these […]
The charge of the Jammu and Kashmir Union Territory reveals that the policy for the concession of the state goods and services tax (SGST) for implementing agencies who are engaged in the development of the power projects for over 3000 megawatts (MWs) in Chenab valley. The finance department of Jammu and Kashmir UT has held […]
A GST yearly return form is said to be GSTR 9 that is to be filed through the regular assessee in a year through all the consolidated information of SGST, CGST, and IGST furnished for the year. The GSTR-9C is a yearly GST settlement statement that goes through the amendment in 2021. The Form GSTR-9C […]
Punjab has Reported a 29% YOY Rise in GST revenue in July The revenue consists of the state GST, central GST, and Integrated GST raised to Rs 1533 cr in July 2021 with respect to the same month of the last year which was Rs 1188 cr as per the tax department. The SGST and […]
GST PMT 06 has been a popular way of tax-paying in registered taxpayers for one month after bearing in mind the availability of input tax credit completely that may be a straightforward administration on own of the second and third month in which additional input tax credit amount available compared with the tax liability going […]
Since July 2017, the One Nation One tax i.e. Goods and Services Tax (GST) has been introduced in India. Apparently, it looks simplified; however, the entire accounting mechanism has been overhauled. Nevertheless, the concept of GST has its own advantages in the long run. As Per the Indian Accounting Standards State-based Registration and Consequent Accounting […]
There is various assessee who is seeing the issues and is not able to furnish the CMP and create the challans because of shadowing the negative liability in GST CMP 08 on the GSTN portal. What Do You Mean by Form GST CMP 08? Form GST CMP-08 Get to know the step by step guide […]
The Authority for Advance Ruling, Karnataka has recently held that the difference between the buying price and the selling price of second-hand jewellery shall be the base value for levying the Goods and Services Tax (GST). Experts believe that the aforesaid ruling shall bring a lot of clarity on various aspects of taxation and shall […]
