Latest Highlight News

LATEST GST NEWS UPDATES

 

  1. Input Tax Credit Under GST Regime Restricted to 20% of Claims: CBIC
  2. Swaraj India Candidate Meets Shop Owners, Says GST Destroyed Economy
  3. New Proposal to Claim GST Input Credit May Have Significant Impact on Cash Flow
  4. Govt Orders Biggest Review of GST since its Launch

 

LATEST GST LAW ADDITIONS

 

  1. Seeks to Carry Out Changes in the CGST Rules, 2017.
  2. Seek to Amend Notification No. 41/2019 – Central Tax, dated the 31st August, 2019.
  3. Annual Return is Optional for Small Taxpayers Whose Aggregate Turnover is Less Than Rs 2 Crores
  4. Due Date for Furnishing of Return in FORM GSTR-1 for registered Persons Having Aggregate Turnover More Than 1.5 crore Rupees for the Months of October, 2019 to March, 2020.
  5. Due Date for Furnishing FORM GSTR-1 for Registered Persons Having Aggregate Turnover of up to 1.5 crore Rupees for the Quarters From October, 2019 to March, 2020.
  6. Due Date for Furnishing of Return in FORM GSTR-3B for the Months of October, 2019 to March, 2020.
  7. LATEST GST PRESS RELEASE

 

LATEST GST LEGAL UPDATES

 

  1. Duty-Free Shops at Mumbai Airport Eligible for GST Input Tax Credit Refund: Bombay HC
  2. IT Grievance Redressal Committee to Take Decision w.r.t. Technical Glitches Taking Place While Paying GST from ITC
  3. AAR rejects application as issue raised by the applicant was pending before Jurisdictional Authority
  4. Braided textile yarns used for making ‘Kalava Raksha Sutra’ are classified under heading 5607
  5. Builder Guilty of Profiteering for not Passing on Additional ITC Benefit to Buyers Post GST Implementation

Eligibility to File a Refund Application

GSTN has issued a Process Concept Document for Single Authority Refund Disbursement

Faceless e-Assessment for Income Taxpayers

CBDT amends rules on Computation of Interest Income pursuant to Secondary Adjustments

 

Proposed GST E-Invoice System

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