Did you know that the condition of 10% provisional ITC rule will apply cumulatively for Feb to Aug 2020. And any cumulative adjustment for input tax credit for these months can be reported in 3B of Sept 2020. Read the full article for detailed conditions for ITC Claim with screenshots.
GST News February 2020 | 39th GST Council Updates | eInvoicing and Purchase Cycle | IRIS Peridot 3.1 | New eInvoice API Specification
The 39th GST Council meeting was held on Saturday, 14th March 2020 at New Delhi. Read here to know all the changes that will be implemented:
GST News | Budget 2020 in GST – Highlights | Advisory for GSTR-9 and 9C Simplification | Feature Highlight – EasyWayBill | E-Invoicing
Amendments in the Central Goods and Services Tax Act,2017 / Integrated Goods & Services Tax Act, 2017 /Union Territory Goods & Services Tax Act,2017. Amendments carried out through the Finance Bill, 2020 will come into effect on the date of its enactment.
About the new eInvoicing System | Generate an eInvoice | IRIS Peridot against Tax Evasion | GST Updates in 2019
The new returns shall introduce new and simplified forms GST Ret 1, Ret 2 and Ret 3 along with annexure form GST Anx 1 and Anx 2.
GSTR 9 and the reconciliation statement GSTR 9C for the fiscal year 2017-18 has been extended to January 31, 2020, from December 31, 2019.
The 38th GST Council meeting was held on December 18, 2019, under the chairmanship of Union Finance Minister of India, Smt. Nirmala Sitharaman. Here are the preliminary highlights of the 38th GST Council Meeting:
Ahead of GSTR3B due date, CBIC has resolved queries on provisional ITC @ 20% through Circular No. 123/42/2019-GST. Following is the list of clarifications issued...
New ITC Rule | FASTag Meets EWB | IRIS Sapphire–GSTIN data | TRS India | IRISGST Newsletter | Eway Bill | Know your GSTIN
Newsletter covers 37th GST Council Meeting – Key Highlights | E-invoicing | IRIS Sapphire: Navigation Upgrade | Provisional ITC
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