Section 269SU: Banks to Refund charges received on or after 01.01.2020
Circular No.16/2020 F .No .370142/35/2019-TPL-Pt Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****...
Month: August 2020
ITC Statement Form GSTR-2B, made available on GST Portal for taxpayers
ITC Statement Form GSTR-2B, made available on GST Portal for taxpayers 29/08/2020 1. GSTR-2B is an auto-drafted Input Tax Credit...
Input Service Distributor (ISD ) under GST
What is Meaning of Input Service Distributor (ISD )? Input Service Distributor (ISD) means an office of the supplier of...
Compensation Cess in GST
Introduction Goods and Services Tax (Compensation to States) Act, 2017 was enacted to levy Compensation Cess for providing compensation to...
Key Highlights 41st GST Council Meeting held on 27th August 2020
Key Highlights 41st GST Council Meeting held on 27th August 2020 In 41st GST Council Meeting it has been discussed...
Online Information Data Base Access and Retrieval (OIDAR) Service under GST
What is OIDAR? Online Information Database Access and Retrieval services (hereinafter referred to as OIDAR) is a category of services...
Disclose separately in the Annual Report: Research & Development Activities Relate to COVID-19 new vaccine, drugs and medical devices
MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 24th August, 2020 G.S.R. 526(E).—In exercise of the powers conferred by section...
CBIC Press Release clarifies Interest on Delayed Payment of GST: 26-08-2020
Press Release CBIC Dated 26-08-2020 Interest on delayed payment of GST: CBIC New Delhi: The Central Board of Indirect Tax...
All about Special Audit in GST
Meaning of Audit “Audit” has been defined in section 2(13) of the CGST Act, 2017 and it means the examination...
Cancellation of GST Registration
Introduction The registration granted under GST can be cancelled for specified reasons. The cancellation can either be initiated by the...