Further to the Specific Relief Package in the area of filing of returns, late fee waiver etc, the Government has also Parallelly extended the time limit for completion of proceedings which were already initiated or otherwise pending for the initiation by various authorities. This relief is supposedly to be primarily availed by the tax officers […]
In order to provide relief to various categories of registered persons under the GST, the Government announced certain relaxations primarily in the area of compliances and as well as in proceedings before the GST authorities. This article attempts to provide the summary of the relaxations announced in the series of Notifications issued on 01.06.2021: Due […]
GSTN has clarified that GSTR 2B for the month of April 2021 will be Generated by 29.04.2021 in view of extension of due date of filing of GSTR-1 to 26.4.2021. However, registered persons intending to file the monthly returns before the due date may do so on self assessment basis as Rule 36(4) has also […]
Further to the Specific Relief Package in the area of filing of returns, late fee waiver etc, the Government has also Parallelly extended the time limit for completion of proceedings which were already initiated or otherwise pending for the initiation by various authorities. This relief is supposedly to be primarily availed by the tax officers […]
In order to provide relief to various categories of registered persons under the GST, the Government announced certain relaxations primarily in the area of compliances and as well as in proceedings before the GST authorities. This article attempts to provide the summary of the relaxations announced in the series of Notifications issued on 01.05.2021: Due […]
IGST on Import of Oxygen Concentrators for personal use has been reduced from 28% to 12% to bring IGST rate on such personal imports at par with commercial imports of the same. This reduced IGST rate for imports of concentrator for personal use shall be applicable upto the 30/06/21. https://www.cbic.gov.in/resources//htdocs-cbec/customs/cs-act/notifications/notfns-2021/cs-tarr2021/cs30-2021.pdf
Notification 07/2021 – Central Tax dated 27.04.2021 has been issued allowing Companies registered under the Companies Act, 2013 to file GSTR 3B/GSTR 1/ IFF through Electronic Verification Code (EVC) i.e. OTP received on the mobile phone. This amendment in Rule 26(1) is made in view of the prevailing pandemic situation and inability of a many […]
E-Way bill under the GST The inherent objective of any tax legislation has been to navigate the revenue collections through smooth passage and move towards growth trajectory taking along all the stake holders. In order to achieve this objective, not only does tax legislation tries to achieve an optimum balance between all the relevant parameters […]
Exports under GST have been granted several concessions in the form either complete exemption from the GST or refund of GST if paid on such exports. Export sales are termed as “zero rated sales” in GST meaning ultimate impact of exports will be zero. Broadly there are three categories of export benefits under the GST: […]