Enquiry Form GST Notification - Section 128 of Finance Act, 2020 to come into action fro changes in Section 140 of CGST Act w.e.f. 01.07.2017 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board...
Enquiry Form Understanding Implementation of Reverse Charge Mechanism in GST In regular circumstances, any supplier of goods and services is liable to pay the Goods and Services Tax (GST). However, when the reverse charge mechanism is applied, the receiver of the goods becomes the party that is...
Enquiry Form GST Refund What is GST refund? Usually when the GST paid is more than the GST liability a situation of claiming GST refund arises. The process is online and time limits have also been set for the same. You can set-off excess payment of GST...
Enquiry Form GST Notification-CBIC waives late fees for non filing of FORM GSTR-1 Note: The principal notification No. 4/2018-Central Tax, dated 23rd January, 2018 was published in the Gazette of India, Extraordinary, vide number G.S.R. 53(E), dated the 23rd January, 2018 and was subsequently amended by notification...
Enquiry Form Facility for registration of IRP/RPs made available on the GST Portal The Insolvency Resolution Professionals/ Resolution Professionals (IRPs/RPs), appointed to undertake corporate insolvency resolution proceedings for Corporate Debtors, can apply for new registration on GST Portal, on behalf of the Corporate Debtors, in each of...
Enquiry Form Tracking GST Refund Application Status on the GST Portal and PFMS portal GSTN Advisory for Tracking GST Refund Application Status on the GST / PFMS portal. payment is made after validation of bank account mentioned in RFD-01 The functionality to track the status of refund...
Enquiry Form File FORM GST PMT 09, to transfer/shift the money available in Electronic Cash ledger, between various major and minor heads of GST The CBIC has recently introduced Form PMT-09 (i.e. a challan) for shifting wrongly paid Input Tax Credit. This enables a registered taxpayer to...
Enquiry Form Impact of GST on Small and Medium Enterprises At present, the total tax collection in India is around 14.5 Lakh Crore, of which 34% is indirect tax. Indirect taxes include service tax, stump duty, customs duty, VAT, etc. It refers to the collection of tax...
Enquiry Form Alert to Taxpayers on fake messages on GST Refund The Central Board of Indirect Taxes and Customs (CBIC) and the Income Tax department have warned taxpayers not to fall prey to fake messages on GST Refunds by clicking on unverified links. Please do not click...
Circular no. 137072020-GST dated 13th April 2020 The Government has released Circular no. 137/07/2020-GST dated 13th April 2020 wherein following matters have been clarified: Cancellation of Goods and Service ContractThe treatment under GST have been clarified vide above referred circular in respect of certain transactions of...