New Announcements by the Finance Minister in view of COVID-19 outbreak- Notifications Released

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.

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March 2020 GST Compliance Calendar

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!

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GSTR-9 and 9C Simplification – Advisory issued in January 2020

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.

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Budget 2020 in GST – Highlights

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).

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Tax authorities gear up for first-ever GST Audit

The GST collection has started showing signs of recovery with the monthly collection crossing 1 lakh crore for 2 consecutive months.

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7 GST updates for the month of January

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.

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e-Invoicing becomes mandatory from 1st April 2020

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

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Top GST News for the month of November

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

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Understanding the Supply ‘to & from’ SEZ in GST

In order to facilitate the supply of goods and services to and from SEZ, separate provision has been made under the GST regime.

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Provisional ITC -20% Rule: Summary of GST Circular No. 123/42/2019

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.

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Special Economic Zone (SEZ) – An Overview

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

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Refiling Erroneous Nil GST Refund Application

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

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