News
Maharashtra Govt. shall not adopt CBIC circulars, will issue separate GST-Circulars
Maharashtra Govt. provides that whenever CBIC releases any Circular, Maharashtra Goods and Services Tax Department (MGSTD) instead of adopting the.....
Global IDT Chronicles: Colourable Grants!
In the eyes of law, the concept of ‘consideration’ finds relevance in the contract law which accordingly defines it as.....
.jpg)
CBIC releases updated CGST Act, 2017 as amended upto Jan 01
CBIC releases updated Central Goods and Services Act,2017 as amended upto January 01,2021: CBIC.....
Eye Share: Assessing applicability of GST on lotteries in India - Analyzing Skill Lotto judgment
The legality of lotteries has always been hidden in plain sight. It's clear that the issue of betting and gambling.....
GSTN enables Invoice Furnishing Facility, Aadhar Authentication
GSTN enables Invoice Furnishing Facility, Aadhaar Authentication facility on portal : GSTN.....
Due date for quarter filing of GSTR-1 for Oct-Dec is January 13, clarifies GSTN
GSTN informs taxpayers that the due date for quarterly filing of GSTR-1 for October to December, 2020 quarter period is.....
Eye Share: Rationalizing Application of Section 171 to Supply of Goods
On December 21, the industry body FICCI, made a plea in a set of pre-Budget recommendations for the abolition of.....
CBIC introduces restrictions in filing GSTR-1, Invoice Furnishing Facility for GSTR-3B default
Government amends Rule 59 CGST Rules, 2017 relating to Forms and manner of furnishing details of outward supplies, by inserting.....
Dec 2020 GST collections highest since implementation, cross ₹ 1.15 lakh Cr.
GST revenue collection for the month of December 2020 stands at ₹ 1,15,174 crore comprising of CGST Rs. ₹ 21,365 crore, SGST ₹.....
CBIC notifies extension in time limit for filing annual return to Feb 28
CBIC notifies extension in time limit for furnishing of annual return u/s 44 of the CGST Act, 2017, for FY.....
CBIC extends due date for furnishing annual return to Feb 28
CBIC extends due date of furnishing annual return u/s 44 of CGST Act, 2017 for the financial year 2019-20 from.....
CBIC issues corrigendum regarding time-limit for submitting reply to registration-suspension notice
CBIC issues Corrigendum regarding time limit for submission of a reply to intimation/notice for suspension and cancellation of registration; Requires.....
.jpg)
Karnataka GST Department lays down procedure for e-Audit of high risk cases
Karnataka Commissionerate issues clarification and instructions relating to electronic scrutiny of High risk cases, Audit Observations & DRC under Assessment module (e-Shodane), an e-Audit module developed by the.....
Eye Share: Restrictions on ITC vide newly introduced Rule 86B - An analysis
As per recent CBIC Notification No. 94/2020- Central Tax dated December 22, 2020, Rule 86B has been introduced which has imposed.....
CBIC appoints Jan 01 for enforcing certain amendments in CGST Act
CBIC appoints January 01, 2021 as the date on which the provisions of Finance Act, 2020 (12 of 2020) giving effect to financial proposals of the.....
.jpg)
CBIC restricts credit availment to 5%, introduces new Rule 86B, waives late-fee for Ladakh
CBIC modifies Rule 36 (4) to allow credit only upto additional 5% of amount in GSTR-2A, inserts new Rule 86B restricting use of.....
Maharashtra GST Department releases general procedure for GST-Audit, lists documents for verification
MH Commissionerate issues clarification relating to GST Audit under section 65 of the Maharashtra Goods and Services Tax Act, 2017.....
Eye Share : Recovery of Transitional Credit Wrongly Availed and Validity of Rule 121of CGST Rules
Currently, many SCNs u/s 73(1) of the CGST Act, 2017 r/w Rule 121 of the CGST Rules, 2017 are being.....
CBIC waives recording of UIN on invoices for April, 2020 to March, 2021
CBIC issues clarification on waiver from recording of UIN on the invoices issued by the retailers/suppliers, pertaining to the refund claims.....
CBIC further extends time-limit for completion/compliance of action by authorities u/s 171
CBIC notifies further extension in time limit for completion or compliance u/s 171 of CGST Act [Anti-profiteering measure] by authorities.....