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CBIC Notifies Exemption of Customs Duty against Scrips Issued under 2% Additional ad hoc Incentive for Mobile Phones

By AdminPosted on February 15, 2020Posted in GSTTagged GST, GST News, GST Recent News, Notification And CircularNo Comments

The Central Board of Indirect Taxes & Customs (“CBIC”) has notified regarding exemption of duties of Customs against scrips issued under the 2% Additional ad hoc incentive for mobile phones vide Notification No 14/2020 – Customs dated February 14th, 2020 (“said Notification”). Notification No. 24/2015 – Customs dated April 8th, 2015 (“original Notification”) has been amended vide the said […]

CBIC further extends the due date for filing Form TRAN – 1 till Mar 31, 2020

By AdminPosted on February 10, 2020Posted in GSTTagged Date Extended, Goods and Service Tax, GST, GST Latest News, GST News, GST Recent News, TRAN-1No Comments

The CBIC vide Order No. 01/2020 – GST dated February 07, 2020, which extends the time limit for submitting the declaration in Form GST Tran – 1, under Rule 117(1A) of the CGST Rules, 2017 for such class of registered person who could not submit the declaration by the due date on account of technical difficulties on the […]

GST Composition Scheme

By AdminPosted on February 4, 2020Posted in GSTTagged Advantages of Composition Scheme, Disadvantages of Composition Scheme, GST, GST Composition Scheme, GSTR-4No Comments

Composition Scheme is a simple and easy scheme under GST for taxpayers. Small taxpayers can get rid of tedious GST formalities and pay GST at a fixed rate of turnover. This scheme can be opted by any taxpayer whose turnover is less than Rs. 1.0 crore*. *CBIC has notified the increase to the threshold limit […]

GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend

By AdminPosted on February 4, 2020Posted in GSTTagged Goods and Service Tax, GST, GST Audit, GST Audit Date Extended, GST Recent News, GSTR, GSTR-9, GSTR-9CNo Comments

Considering the difficulties being faced by taxpayers in filing GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend the due dates in a staggered manner for different groups of States to 3rd, 5th and 7th February 2020 as under. Notifications will follow. Group 1: Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Telangana, Andhra […]

CBIC notifies the Due date for filing GSTR – 3B for the month of Jan 2020 to Mar 2020|For Taxpayers having Turnover up to Rs. 5 Cr

By AdminPosted on February 4, 2020Posted in GSTTagged Goods and Service Tax, GST, GST Recent News, Notification And CircularNo Comments

The CBIC vide Notification No. 07/2020 – Central Tax dated February 03, 2020, which notified the due dates for filing of monthly outward supply return i.e. GSTR – 3B for the period January 2020, February 2020 and March 2020, in the following manner as described in the below table:- Sr. No Particulars A registered person, whose principal […]

CBIC reshuffles the due date for filing GSTR-9 & GSTR-9C for the F.Y 2017-18

By AdminPosted on February 4, 2020Posted in GSTTagged Goods and Service Tax, GST, GST Recent News, Notification And CircularNo Comments

The CBIC vide Notification No. 06/2020 Central Tax dated February 03, 2020, which extends the time limit for furnishing of the Annual Return i.e. GSTR – 9 and GSTR – 9C, specified under section 44 of the said Act read with rule 80 of the CGST rules, 2017, electronically through the common portal, in respect of the […]