Gst registration in India is essential. The section of the CGST Act was amended to include a new section under the definition of supply.
Activities or transactions involving the supply of goods or services by any person, except a person, for cash, defer payment or other valuable consideration, come under supply and will be liable for taxes. Previously, this supply was consider as a supply of goods only under Schedule II. Therefore, the scope for recovery has now been widen.
Seizure and seizure of goods and cargo in transport is now dealt with separately from the collection of tax under section 74.
The self-assessment tax specified under section 75 of the CGST Act will also cover the external supply / sale mentioned in GSTR-1 under section under section of the CGST Act, but it has been omit while reporting under GSTR-3B. Article 39.
Temporary attachment shall be valid from the date of commencement of any proceedings till the expiry of the period of one year.
Section 19 is separate from Section 1 from 0. Accordingly, proceedings relating to detention, seizure and release of goods and cargo in transit will be different from confiscation of goods and levy of fines for transportation.
The Jurisdiction Commissioner can now call for information on any matter relating to any matter relating to the Act under Section 151 under Section 151. Further, section 152 is amend, providing an opportunity for a hearing before using the information obtain under those sections. 150 or 151 Act
Section 16 of the IGST Act was also amend to define zero rate supply. Three amendments were made – (1) stating that supply to SEZ units / developers will be rated zero only if it is an authorized operation.
(3) Only the propose persons or supply of goods / services can get zero-rated status when IGST is paid. In case of export of goods with refund the amount of foreign exchange will be sent.
Latest news
13th April 2021
CBIC has provided a new update related to GSTR-1, GSTR-3B and matching offline fly tool in QRMP scheme.
CBIC introduced ITC’s self-population in GSTR 3B form for self-generation and QRPM taxpayers in GSTR 2B.
09th April 2021
The CBIC department has provided monthly payment guidance of QRPM scheme as well as return fling to the taxpayers on a quarterly basis. Read the PDF
08th April 2021
GSTIN ensures a webinar on the topic of registration and reimbursement which has recently been implemented on the GST registration in Bangalore portal for existing taxpayers
07th April 2021
GSTIN has carried out several module wise new operations for GST appointees on the official portal from January 2020 to March 2021.
The e-Invoice in GSTR1 is still developing beyond the full facility of its auto-population.
“Quarterly taxpayers are able to view the GSTR 3B tile for Jan, February and March 21. Request to file GSTR 3B for the January, March, 21 quarter, using the March, 21 tile. Jan and February. The tile for is being remove. “
01 April 2021
CBIC has updated the latest update regarding GSTR-1 (Q) filed for January-March 2021 under the new QRPM scheme.
GST: CBIC has issued notification for requirement of HSN code on B2B tax invoices.
March 30, 2021
Rajasthan government announces 1 lakh limit for INR on e-way bill under GST with effect from 1st April 2021
The CBIC had extended the Dynamic QR Code application capacity in B2C Invices by GST registered taxpayers till July 1, 2021. This extension is only for industries with an overall turnover of over Rs 500 crore.
March 24, 2021
CBIC guidelines for selection of GST registration in Chennai composition scheme for taxpayers who want to change the type of registration.
March 22, 2021
“Taxpayers can use the input tax credit (ITC) available in their credit account as per the law to clear their GST arrears for the month of March, 2021,” the CBDT said.
17th March 2021
Taxpayers rely on the highest turnover only once after login to select their industry activity from manufacturers, wholesalers, distributors, retailers, service providers and others.
15th March 2021
8 bank IFSC codes have been update due to merger of institutions. Account holders should update their banking details through refund application and non-core correction in case of error recognized by PFMS.
14th March 2021
General Questions on Registration Act under GST registration in Salem for core and non-core sectors.
12th March 2021
GSTIN decides a webinar on e-invoicing for industries with a total turnover of over IN0 crore,
March 10, 2021
The new feature of GSTIN is available on the GST portal for different modules like registration, compensation, advance judgment, payment and various other topics.
March 9, 2021
FM: The government has exposed Goods and Services Tax (GST) fraud worth Rs 20,124 crore in the three-month period from November 9, 2020 to January 31, 2021.
The HSN Code for Goods and Services Tax is mandatory for all B2B and B2C tax invoices from April 01, 2021.
The shortfall in the 19th instalment of GST compensation is announce to the states and Union Territories at a cost of Rs 1.10 lakh crore.
March 8, 2021
MSME declares that GSTIN is not mandatory for MSME enterprise registration. Read the instruction
Added “Reset” function in GSTR1 and Invoice Furnishing Facility (IFF) on Government Portal by GST Network
The CBIC has notified Central Tax Notification No. 5 relating to e-invoicing. Rs. GST-invoicing is mandatory for companies with a total turnover of more than Rs. 50 crore from 1st April 2021.
March 6, 2021
The GST network has approved a new feature for selecting core company activity on the official portal
4 March 2021
The Arunachal Pradesh Legislative Assembly approved 4 important bills on 4 March 2021. A bill relates to goods and services tax and helps create a business-friendly environment for investors.
GSTR Expect a new change in the table-12 format of the form, 1 return, March 1, 2021
Collection of 7% more GST revenue in February 2021 as compared to the same month last year.
28 February 2021
CBIC has extended the deadline for GSTR9 and 9C annual return forms to March 31 for the financial year 2019-20.
24 February 2021
An error occurred while uploading JSON “Error! Invalid summary payload ”which is generate from the line fly utility of GSTR-9 and corresponds to three decimal places instead of two decimal.
23 February 2021
CBIC Circular No.146 dated 23/02/2021 for Dynamic Quick Response (QR) Code on B2C Invoices Issues.
22 February 2021
The settlement record for filing GST return in 9C form requires disclosure of the tax rate of the transactions for the financial year (financial year) concerned. “In the above form, the amount of 1%, 1.5% and 7.5% in Section III (Table 9 and 11) and the tax amount pertaining to the tax department, wherever applicable, can be labeled in the row of ‘Others’ in the above tables. ”
18 February 2021
Important questions and details of filing IFF under QRMP scheme and payment of tax (in Form GST PMT-06).
16 February 2021
Board Circular No. 12/2018-Customs dated 29.05.2018 GSTR-1 and GSTR. – 3B Extension for approval of Integrated Goods and Service Tax (IGST) refund claim for any record transmitted arrears in ICEGAT due to misunderstanding.
15 February 2021
FMA has given the 16th instalment of INR 5K crore in the states. The central government is trying to meet the amount of GST registration in Coimbatore shortfall compensation
11 February 2021
“Standard rating operating procedure (SOP) for implementation of the provision for suspension of registrations under sub-rule (2a) of rule 21A of the CGST Rules, 2017.” Read the circular
