News
CBIC issues instructions for speedy disposal of pending GST refunds by April 30
CBIC issues clarification for expeditious disposal of all pending GST refunds including IGST refunds, pursuant to Press Note dated April.....
_page-0001.jpg)
Eye Share : GST implication on Services Rendered by Directors
A recent Advance ruling judgment in the matter of Clay Craft Private Ltd. [TS-218-AAR-2020-NT] has put one more layer of anomaly in.....
Eye Share: Initiative to Issue Pending GST, Customs and Income-Tax Refunds Immediately - A Welcome Move
Amidst the COVID-19 crisis, Ministry of Finance (MoF) yesterday announced yet another relief measure to provide immediate respite to the.....
MoF announces COVID-relief for taxpayers; Directs immediate issuance of pending income-tax, GST refunds
Ministry of Finance [MoF] directs immediate issuance of all the pending income-tax refunds upto Rs. 5 lakh, with a view.....
CBIC issues clarifications on relief measures for COVID -19
CBIC issues clarifications with respect to various notifications issued on April 3, 2020 for announcing relief measures vis-a-vis statutory and regulatory compliance matters.....
.jpg)
CBIC notifies GST relief measures announced in view of COVID-19
CBIC issues notifications in relation to various extensions, to give effect to GST relief measures announced by FM, including due-date for.....
Eye Share: Recent CBIC Circular on Refund-Related Issues: Does it Really Mitigate Rigours of Law?
CBIC recently issued Circular No.135/05/2020 – GST dated March 31, 2020, incorporating the direction of the Delhi HC in the case.....
GST collections decline for month of March 2020, however overall gross revenues grow
Govt. reports gross GST revenue collection for the month of March 2020 at Rs. 97,597 Crore, records overall growth of.....
CBIC allows bunching of claims across FYs, refund admissible according to original payment-mode
CBIC issues clarifications on refund related issues to ensure uniformity in the implementation of the provisions of law in this.....
CBIC notifies amendments in GST rates on matches, aircraft MRO services
Govt. notifies GST rate of 5% on Maintenance, Repair and Overhaul (MRO) services in respect of aircrafts, aircraft engines and.....
FinMin issues Press Release detailing GST relief measures, extending Sabka Vishwas Scheme due-date
Pursuant to announcements made by FM today during a press conference through video conference, FinMin releases Press Release detailing several.....
FM extends March, April & May GST returns deadline to June 30, 2020
Last date for filing GST return for March, April and May and composition returns extended up to June 30, 2020,.....
CBIC clarifies various issues faced by corporate debtors during resolution process under IBC
CBIC clarifies on issues being faced under GST by entities covered under Insolvency Bankruptcy Code, 2016 during Corporate Insolvency Resolution Process (CIRP).....
CBIC clarifies on ITC apportionment in cases of reorganization of businesses
CBIC issues clarification on apportionment of input tax credit (ITC) in cases of merger, demerger, amalgamation or change in the.....
CBIC makes 'Aadhaar verification' mandatory from April, prescribes refund recovery for unrealized sale-proceeds
CBIC mandates possession/authentication of Aadhaar number w.e.f. April 1, 2020 for grant of registration; Amends Central Goods and Services Tax.....
CBIC notifies extension in filing of annual return for FY 2018-19 till June 30
Pursuant to GST Council's recommendation, CBIC notifies extension of time-limit for furnishing the annual return for financial year 2018-2019 till June.....
CBIC prescribes staggered due-dates for GSTR-3B for various taxpayers
CBIC prescribes due-dates for filing FORM GSTR-3B for each month from April, 2020 to September, 2020 on or before 20th/22nd/24th of.....
.jpeg)
FinMin issues notifications to give effect to GST Council's 39th meeting recommendations
Finance Ministry issues notification to give effect to GST Council recommendations made during its 39th meeting; Defers requirement of e-invoicing and.....
SC stays Kerala HC order granting relief from GST payment amidst Coronavirus
SC stays Kerala HC order asking authorities not to levy GST, taxes and recover bank dues till April 6, due.....
CBIC clarifies appeal mechanism in absence of Appellate Tribunal, directs speedy disposal
CBIC issues clarification regarding pendency of appellate process in view of the fact that Appellate Tribunal has not been constituted and.....