News
CBIC clarifies on ITC-restriction prescribed under Rule 36(4) cumulatively for February to August
CBIC issues clarification relating to application of sub-rule (4) of rule 36 of the CGST Rules, 2017 for the months.....
Eye Share: Limitation Period in COVID Times & Apex Court’s Plenary Powers
The month of March 2020 marked the beginning of India’s long-drawn battle against COVID-19, which led the Indian Judiciary to.....
Confederation of GST Professionals and Industries moves Bombay HC for GSTR-9 / GSTR-9C due-date extension
Confederation of GST Professionals and Industries has today moved the Bombay HC for extension of due date for submitting GSTR-9 (Annual.....
GST Council to re-convene on Compensation Cess issue, announces relief measures for small taxpayers
GST Council during its 42nd meeting today extensively deliberated on Compensation Cess, also announces a slew of relief measures for the.....
Eye Share: Arrest Before Adjudication in IDT matters: A Panoramic View of Provisions, Safeguards & Judicial Interpretation
The exercise of arrest as an enforcement mechanism in tax matters has drawn flak several times from the trade and.....
CBIC issues Instructions for Performance-review of Standing-Counsels representing Department before HCs
CBIC issues instructions for Performance-review of the Standing-Counsels representing Department before HCs to ensure that the appeals and petitions filed.....
CBIC extends GST exemption on Ocean/Air freight for export consignments by Shipping Lines/Airlines based in India till Sep 30, 2021
CBIC issues notification extending CGST exemption on services by way of transportation of goods by air or by sea from.....
CBIC releases updated CGST Act as on September 30, 2020
CBIC releases updated CGST Act as on September 30, 2020.....
'Global IDT Chronicles': VAT Treatment of Employee Recoveries: An Insight into Global Scenario – Part I
‘Employee rewards and perks’ has always been a contentious issue, irrespective of pre-GST era or during! Recently, the Maharashtra Authority.....
Gross Revenue collection for September, 2020 pegged at Rs. 95,480 crores
Govt. releases figures of gross GST revenue collections for the month of September 2020; Explains that revenues for the month.....
CBIC amends CGST Rules to prescribe QR-code in case of e-invoicing
CBIC mandates that an invoice shall contain Quick Reference code, having embedded Invoice Reference Number (IRN) in it, in case invoice.....
CBIC relaxes mandatory e-invoicing requirement for October month subject to conditions, waives penalty
CBIC waives penal provisions w.r.t. mandatory e-invoicing prescribed for taxpayers having aggregate turnover of Rs. 500 Cr. and above for.....
CBIC defers requirement of QR code in B2C invoices to Dec 01
CBIC defers implementation of requirement of Dynamic QR code in B2C invoices to December 01, 2020: CBIC Notification.....
CBIC notifies e-invoicing applicability for turnover from 2017-18 onwards & exports
CBIC issues notification requiring issuance of e-invoice for registered persons whose turnover in ‘any preceding financial year from 2017-18 onwards’.....
CBIC notifies extension of due-date for filing GSTR-9/9C to Oct 31
CBIC issues notification extending last date to file GSTR-9 and GSTR-9C for the Financial Year 2018-19 to Oct 31, 2020:.....
Govt. extends due date for furnishing GSTR-9/9C by a month: CBIC Tweet
Govt. extends due date for furnishing GSTR-9/9C by a month; Notification to follow: CBIC Tweet.....
Govt. considering extension of GSTR-9/9C due-date, decision likely soon
Govt. actively considering extension of GSTR-9/9C due-date, decision likely soon: Sources.....
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Madras HC quashes levy of interest on ITC, directs refund of recoveries effected through bank
Madras HC today allows a batch of writ petitions challenging imposition of interest u/s 50 on ITC portion, quashes orders.....
CAG report highlights Rs. 42,272 crores short-crediting of 'Compensation-Cess', recommends immediate corrective-action by MoF
Report of the Comptroller and Auditor General (CAG) of India for year 2018-19 outlines various issues pertaining to accounting of IGST,.....
GSTN ‘s new functionality of comparison of liability declared & ITC claimed on main page
GSTN clarifies that the functionality “Comparison of liability declared and ITC claimed” has been removed from Return Dashboard ; It.....