Filing GSTR-1 (Q) for Jan-Mar 2021 under QRMP Scheme
Filing GSTR-1 (Q) for Jan-Mar 2021 under QRMP Scheme The taxpayers under QRMP scheme have a facility to file Invoice Furnishing Facility (IFF) in first...
GST
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Last Date to Opt Composition Scheme for Financial year 2021-22
Opting-in for Composition Scheme for Financial year 2021-22 1. How to opt-in for Composition Scheme: The eligible registered taxpayers, who want to opt-in for composition...
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Taxpayers are free to utilise ITC available in their credit ledger
Taxpayers are free to utilise Input Tax Credit available in their credit ledger as permissible by law to discharge their GST due for March month...
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Important Changes with effect from 01-04-2021 in GST
Important Changes with effect from 01-04-2021 in GST 1. E-Invoicing A. A notified class of registered persons must prepare invoice by uploading specified particulars of the...
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HSN/SAC Code Mandatory w.e.f. 01-04-2021
The CBIC issued Notification No. 78/2020 – Central Tax, dated October 15, 2020 to mandate 4/6- digit HSN/SAC Code on supply of goods or services on the...
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Updation Regarding Selection Of Core Business Activity For Every Registered Person On GST Portal
Updation Regarding Selection Of Core Business Activity For Every Registered Person On GST Portal: The Goods and Service Tax Network (GSTN) has enabled the new...
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E-Invoicing shall be implemented for taxpayer having aggregate turnover of Rs. 50 crores and above from 1st April 2021
E-Invoicing shall be implemented for taxpayer having aggregate turnover of Rs. 50 crores and above. This limit will be applicable from 01-04-2021. MINISTRY OF...
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Analysis of GST Rule 86B – Restriction on ITC Utilisation in ECL
ANALYSIS OF RULE 86B OF THE CGST RULES 2017 – Restriction on ITC Utilisation in Electronic Credit Ledger (ECL) Applicability & Provision:- Rule 86B is...
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Zero rated supply under GST post budget 2021
The Finance Bill 2021 has proposed two major amendments in the Integrated Goods and Services Tax Act, 2017. Both the amendments relate to the provisions...
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CGST Delhi officials arrest man for ITC fraud of Rs 50.03 crore
Ministry of Finance CGST Commissionerate Delhi officials arrest man for input tax credit fraud of Rs 50.03 crore Posted On: 28 FEB 2021 The officers...