According to GST Act and Rules, In case of any changes to the address of principal place of business or any additional place of business, GST FORM REG-14 can be filed. For changes to address, proof of address for the new location must be provided in the GST registration amendment application. All changes to address …
In a significant step towards Atmanirbhar Bharat, Central Board of Indirect Taxes & Customs (CBIC) has reduced the compliances required under the Customs (Import of Goods at Concessional Rate of Duty-IGCR) Rules, 2017 and introduced end to end automation of the procedure involved. Towards this end, the online portal has gone live on www.icegate.gov.in today. Importers desirous …
DhanTax is highlighting of all important changes related to QRMP Scheme, E-invoicing, ITC availment, e-way bill, etc. under Central Goods and Services Tax Act, 2017 (“CGST Act”) and Central Goods and Services Tax Rules, 2017 (“CGST Rules”), effective from January 1, 2021, as below: Notification No. Topic/Section/ Rules of CGST Act/ Rules Change effective from January 01,2021 E-invoicing …
The provision was to penalise businesses not using QR codes on their invoices from December 1 but now it would come into force from April 1. However, the penalty waiver is contingent on businesses using QR codes from the start of the next fiscal year. The move is aimed at promoting digital payment in business …
Government puts off penalty provision for not using QR codes on GST invoices Read More »
This form for opting in the scheme shall be made available from the 5th of December 2020. The Goods and Service Tax Network (GSTN) has enabled the option for opting for quarterly filing of GST returns under the quarterly return with the monthly payment (QRMP) scheme. The GSTN announced that for the small taxpayers with …
The due date for filing Annual Return (FORM GSTR-9/GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) has been decided to extend for Financial Year 2018-19 from 31st October 2020 to 31st December, 2020. Filing of Annual Return (FORM GSTR-9/ GSTR-9A) for 2018-19 is optional for taxpayers who had aggregate turnover below Rs. 2 crore. The filing of reconciliation Statement …
For a person opting for Aadhaar authentication for new GST registration would get it within just three working days, if no notice is issued and would not need to wait for physical verification. While applicants not opting for Aadhaar authentication for GST registration would be granted it only after physical verification of the place of …
GST registration can be approved within 3 days (Aadhaar authentication) Read More »
41st GST Council meeting outcome : Key highlights 1. States were given two options by central Govt. to make up for their revenue shortfall amid the Covid-19 pandemic. The options will only be available in the current year. To provide a special borrowing window by consulting with the RBI to meet the entire GST compensation …
41st GST Council meeting outcome : Key highlights Read More »
As per notification of the Central Board of Indirect Taxes and Customs (CBIC), when an applicant for GST registration opts for authentication of Aadhaar number, applicant shall authenticate adhar while submitting an application, with effect from 21.08.2020 Where applicant fails to authenticate of Aadhaar number, the registration shall be approved only after physical verification of …
Coaching classes do not get any exemption from Goods and Service Tax (GST), this position was reiterated by a ruling given by the Andhra Pradesh bench of the Authority for Advance Rulings (AAR). A similar stand has been taken earlier, including by the Maharashtra bench of the AAR. Entry No 66 of the relevant notifications …
As per ruling AAR,Coaching classes are not eligible for GST exemption. Read More »
