The Government of India has taken these measures and has implemented these changes in the view of the COVID-19 outbreak. Smt. Sitharaman made these announcements via video conferencing today i.e. on 24th March, 2020.
From March 1 onwards, a 28% Goods and Service Tax i.e. GST will be levied on all the lotteries. It has been imposed on all the state-run and authorised lotteries!
The GST filing of GSTR 9 and 9C was made optional for aggregate turnover (PAN based) of more than 2 cores calculated from July 2017 to 31st March 2018 for FY 2017-18. The simplifications notified in Form GSTR-9 and Form GSTR-9C effective only for FY 2017-18 and 2018-19. For FY 2017-18, the last date for filing GSTR-9 and GSTR-9C extended to 31st Jan 2020.
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 (unless otherwise specified).
The GST collection has started showing signs of recovery with the monthly collection crossing 1 lakh crore for 2 consecutive months.
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.
On 13th Dec 2019, Government notified the e-invoicing rules, its applicability and date from when the notified rules will be effective. In all there were 5 notifications and a summary
here are the major of updates from the month of November: CBIC Issues GSTR 3A Notice in Bulk for Non-Filers,Robots to Check Tax Evasion in India,Clarification on the scope of 'Job-work' services,6% rise in GST Collection
In order to facilitate the supply of goods and services to and from SEZ, separate provision has been made under the GST regime.
Ahead of GSTR3B due date of , CBIC has resolved queries on provisional ITC @ 20% through Circular No. 123/42/2019-GST but still the ambiguity persist.
What is Special Economic Zone (SEZ)? Special Economic Zone or SEZ are dedicated geographical regions present in a country, providing businesses with simpler tax and legal compliances. In a manner
Ever since the introduction of GST into the Indirect Taxation System, the occurrence of errors in the filing procedures has been a common scenario. Among these scenarios, one such scenario
