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The GSTR-9 is a yearly return to be filed by all enrolled taxpayers under GST besides a few. It is a yearly corpus of outer supplies, internal supplies, tax liability, and input tax credit benefited during a financial year. It should be filed within 31st Dec of the same year by the certain financial year. […]
GST department audit parameters towards the selection eligibility, required documents which could be obliged for the and proactive steps to be undergone. GST is the biggest tax improvement in our country and to a larger extent it has been stable now but the assessee is still struggling with some problems and compliances needed to be […]
The upcoming council meet under GST shall decide the destiny of the national anti-profiteering authority (NAA) whose tenure ends in Nov. Apart from that, the department will also discuss extending the concessional rates towards the medicines concerned to the drugs which consist of Remdesivir in the next 3 months. FM Nirmala Sitharaman has decided that […]
The refund shall be furnished to the credit that collects on inputs beneath the inverted duty for the GST regime said Supreme court. As per the order, the Madras High court placed it alongside the order of the Gujarat high court. The appeal has been acknowledged which the GST department urged to go through again […]
The central board of direct taxes CBDT prolonged the last date for furnishing of different tax returns up to 31st Dec for the current year however it shall remain imposed the interest upon the late payments build post to 31st July which was the previously made last date. The tax payments are to be performed […]
GST law supports the free flow of the input credit. It is used to permit tax-free transactions and removes the rollover effects. Amnesty is directed towards forgiving the crime or the act of forgiveness for the previous offences. From the compliance of the old dictionary, Amnesty means “a fixed period of time during which people […]
The GST-Authority for Advance Rulings (AAR) provided the ruling for Puranik builders which seems to influence the builders as well as buyers as it raises the price. The AAR urged that the other charges obtained through the builder beneath the sale agreement shall not be composite supply and needs to be levied GST at 18%. […]
Even after 4 years of GST implementation and over a thousand notifications and circulars, we are still facing a lot of problems in GST on-site maintenance or in the department’s working. Due to the issues and continuous changes many times, businesses and professionals face a lot of problems. This is unfortunate to say that even […]
The assessee beneath the regular category used to furnish the GSTR-1 and GSTR-3B to report the transactions. GSTR-1 uses to report the information of the outward supplies which consists of revisions if any and the GSTR 3B is towards reporting the summary transactions for the payment of the taxes and ITC claim. Inside the tax […]
