GST

New Registration and Amendment of Address for existing GST Registration requires Geo Location on GST Portal: GSTN

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 …

New Registration and Amendment of Address for existing GST Registration requires Geo Location on GST Portal: GSTN Read More »

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

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 …

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 Read More »

All important changes related to QRMP Scheme, E-invoicing, ITC availment, e-way bill in GST w.e.f. January 1, 2021

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 …

All important changes related to QRMP Scheme, E-invoicing, ITC availment, e-way bill in GST w.e.f. January 1, 2021 Read More »

Government puts off penalty provision for not using QR codes on GST invoices

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 »

Goods and Services Tax Network enables option for opting quarterly filing of GST returns with monthly payment of GST

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 …

Goods and Services Tax Network enables option for opting quarterly filing of GST returns with monthly payment of GST Read More »

Extension of due dates for Annual Return (FORM GSTR-9/GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) for 2018-19

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 …

Extension of due dates for Annual Return (FORM GSTR-9/GSTR-9A) and Reconciliation Statement (FORM GSTR-9C) for 2018-19 Read More »

GST registration can be approved within 3 days (Aadhaar authentication)

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 »

GST registration approval after physical verification of Business place if Aadhaar not authenticated: CBIC

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 …

GST registration approval after physical verification of Business place if Aadhaar not authenticated: CBIC Read More »

As per ruling AAR,Coaching classes are not eligible for GST exemption.

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 »