Here’s an elaborate recap of the year 2020. All the happenings and changes on the GST front and at IRIS GST | GST system changes in 2020. Read more...
Latest GST Updates You Need to Be Aware of before the year ends. These changes introduce radical changes and stringent controls in the process of GST cancellation, ITC claim, EWB validity and GSTR 1 filing etc.
QRMP Scheme under gst is an initiative by the Government to simplify compliance for taxpayers | Quarterly Returns and Monthly Payment Scheme. Read more...
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.
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.
The Central Government amends the Central Goods and Services Tax Rules, 2017 to be called as Central Goods and Services Tax (Sixth Amendment) Rules, 2019 vide Notification No. 49/2019 – Central Tax dated 09-10-2019.
Under GST, certain goods and services, as decided by the government, are exempt from goods and service tax on their supply i.e. ‘NIL’ GST rate is applicable to such transaction.
What is Sabka Vishwas – Legacy Dispute Resolution Scheme? Sabka Vishwas (LDRS) Scheme, 2019, a dispute resolution and amnesty scheme under GST, shall come into force from September 1, 2019.
The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019,(SVLDRS) application has been made available online from 1-9-19.
8th August 2018, Kerala witnessed the worst flood in the century, affecting over one-sixth of the total population of the state.
A registered taxpayer will not be eligible to generate e-way bill on the GST portal if the taxpayer: Paying tax under composition scheme has not furnished the returns for two consecutive tax period;
