News
GSTN issues clarification on filing GSTR -9 and GSTR 9C
GSTN issues clarification on filing GSTR -9 and GSTR 9C, explains that figures of Input Tax Credit (ITC), as pre-populated in.....
Eye Share : Transitional ITC Eligibility Despite Non-Availment of Refund Option Under VAT Law
Recently, Telengana HC in case of Magma Fincorp Limited [TS-356-HC-2019(TEL and AP)-NT] allowed transition of ITC balance under Telangana VAT Act to GST.....
Govt. releases transition plan to new GST return system
Govt. publishes the transition plan to new GST return system comprising of 3 main components i.e. one main return (FORM.....
ICAI issues Technical Guide on GST Audit
The Institute of Chartered Accountants of India issues a technical guide on GST Audit; The Guide aims to provide assistance to members.....
Maharashtra Govt. provides redressal mechanism to resolve difficulties faced due to technical glitches
Maharashtra Govt. provides mechanism for redressal of difficulties faced by taxpayers due to technical glitches on the portal of the MGST.....
Kerala Govt. defers levy of Kerala Flood cess upto July 01, 2019
Govt. of Kerala notifies deferment of the levy and collection of the Kerala Flood Cess from June 1, 2019 to.....
CBIC issues clarifications for filing of Annual Return in FORM GSTR-9
CBIC issues clarifications on filing of Annual Return in FORM GSTR-9 to be filed before June 30th 2019; Clarifications include information.....
Govt. reports collection figures for May '19, records 6.67% growth over last year
Govt. reports collection figures for May, 2019 which is a growth of 6.67% over the same month last year; Total.....
President issues communiqué; Cabinet Ministers allocated portfolios
President issues communiqué; Cabinet Ministers allocated portfolios.....
Prime Minister Narendra Modi sworn in for second term; 57 Ministers take oath
Prime Minister Narendra Modi takes oath of office alongwith 57 ministers; Senior ministers in Union Cabinet include Mr. Rajnath Singh,.....
GST Council's next meeting proposed between June 15-20
GST Council likely to meet between June 15-20; Final date shall be decided after Union Finance minister takes charge; Revenue.....
Kerala Govt. notifies Flood Cess from June 1, 2019
Kerala Govt. notifies Flood Cess on intra-state supplies of goods or services to unregistered persons w.e.f. June 1, 2019 for.....
GSTN releases prototype of New simplified return, invites user feedback
GSTN releases a prototype of new simplified Return to obtain feedback on user interface and its functionalities requesting users to.....
Govt. releases FAQs (PART-II) on real-estate sector clarifying new GST rate structure
Govt. releases FAQs (Part-II) on real estate sector to provide clarification on various issues regarding the new GST rate structure notified.....
CBIC extends due date for April's GSTR-1 and GSTR-3B for taxpayers in Odisha
CBIC extends due date for furnishing of FORM GSTR-1 and GSTR-3B for the month of April for registered persons whose.....
Assam Govt. prescribes 'Form' for exercise of one-time option by real-estate promoter
Govt. of Assam prescribes Form for exercise of one-time option to pay tax on construction of apartments in a real-estate.....
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FinMin notifies due-date extension to opt for old rates for on-going real-estate projects
Finance Ministry notifies extension in due date for exercising the option to avail old rates in respect of ongoing real-estate.....
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Council extends time-period for opting GST rates for real-estate projects upto May 20
The due date for exercising the option for residential real estate project to either stay at old GST rate (8%.....
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Govt. releases FAQs on real estate pursuant to new tax structure
Govt. releases FAQs on real estate sector to provide clarification on various issues raised regarding the new GST rate structure.....
Eye Share : GST on Supply of free items and discounts – the confusion continues
Recently, CBIC issued Circular No. 92/11/2019-GST dated March 7, 2019 clarifying treatment of sales promotion schemes under GST viz. buy one get.....