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Search results for: input tax credit

GST Portal New Facility for Communication

GST Portal Opens Conversation Facility Between Recipient & Suppliers

The Goods and Service Tax Network (GSTN) has allowed the new convenience of “Communication between Taxpayers” on the GST portal. With the initiation of these facilities, the supplier and the applicant can talk with each other on the GST portal. They indeed also furnish a reply to the received communication on the portal. Latest Update […]

Notice to Govt Over Blocking of GST ITC by Gujarat HC

Notice to State & Center Due to ITC Blocking Under GST Rule 86A

Beneath Rule 86A Gujarat High Court announced the reports to the Central and State over blocking of Input Tax Credit (ITC). The petitioner, Surat Mercantile Association has furnished the application where it is written that challenges the constitutional validity and vires of Rule 86A of the Central GST Rules Get the brief introduction of SGST, […]

Extended GST Deadline Compliance Till 31st Mar 2021

Extended GST Compliance Due Date Via CT Notification 91/2020

From 20 March 2020 to 29 November 2020 Central Board of Indirect Taxes and Customs (CBIC) has prolonged the last date of GST compliance View the due dates of GST return filing forms of GSTR 1, GSTR 3B, GSTR 4, GSTR 5, GSTR 6, GSTR 9, GSTR 9C, etc. The dates are according to the […]

GST Audit Notice

What Procedure You Should Follow After GST Audit Notice?

In the context of reducing the tax collections between the bogus invoicing and fake input tax credit, the GST council has now provided the notice to the assessee to conduct an audit. They sought details about the credentials from businesses concerning the fiscal years 2020-21 and Onwards. Latest Update The audit consists of an examination […]

GSTR-9 of FY 2019-20 is Available

GSTR 9 of FY 2019-20 is Available On Official Portal: CBIC

The CBIC has allowed the GST yearly Return ( GSTR-9 ) of the Fiscal Year 2019-20 on the GST Portal. To furnish a yearly return in Form GSTR-9 for FY 2019-20 A simple guide to GSTR 9 (GST annual return form) online filing procedure with due dates. We attached all screenshots and divided into 19 […]

Cloudtail (Amazon Seller) GST Registration Suspension

GST Registration Suspension of Cloudtail (Amazon Seller) Led to Major Supply Disruption

Cloudtail India is one of the largest sellers on Amazon.in Platform, recently its Goods and Service Tax (GST) registration was suspended in Haryana and due to this, the seller faced a major supply disruption. Cloudtail India is an Amazon-affiliated company owned by Prione Business Services, a joint venture between Amazon Asia-Pacific Holdings Private Limited and […]

Only File 4 Sales GST Returns

Small Business Need to File Four GST Sales Returns Per Year from Jan 2021

From January rather than 12 at now, the businesses whose turnover exceeds Rs 5 cr turnover will have to furnish only GST sales return or GSTR-3B. There shall be 94 lakh assessees to which the policy of Quarterly filing of Return with Monthly Payment (QRMP) Know the everything about QRMP (Quarterly Return Filing & Monthly […]

GST and Pandemic Create Difficulty for Pen Industry

Pen Manufacturers Under Pressure Due to GST & COVID-19 Pandemic

The pen industry is facing double problems of Rs 2000 cr due to ongoing covid-19 and from the GST said the officials. The pen manufacturer states that 18 % GST has been imposed by the central board of indirect taxes “Recently, many of the exporters have come under the tracing radar of tax authorities in […]

IGST for Online Tests or Examination

KAR AAAR: IGST Applicable on Tests Scored Online Due OIDAR Service

The Karnataka Appellate Authority of Advance Ruling (AAAR) ordered that the Integrated Goods and Service Tax (IGST) is to be applied on online tests scored after individual interference as it is divisible as an Online Information Database Access and Retrieval (OIDAR) Service. The NCS Pearson INC is the service provider of online examination, testing through […]

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