The CBIC vide Circular No. 142/12/2020 dated 09/10/2020 has issued Clarification relating to application of sub-rule (4) of rule 36 of the CGST Rules, 2017 for the months of February, 2020 to August, 2020. The CB...
The CBIC has clarified that taxpayers are required to report only the values pertaining to Financial Year 2018-19 and the values pertaining to Financial Year 2017-18 which may have already been reported or...
1. What is an e-Invoice under GST? An e-Invoice or electronic invoice is a B2B invoice that is made by the supplier in a standard format, validated & digitally signed by the government through an official portal. ...
The 42nd GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman through video conferencing. The GST Council has made the following recommendations:&...
Note : Due date for GSTR9 and GSTR9C has been further extended to 31.12.2020 Read more here: https://taxninja.in/blog/extension-of-due-dates-for-gstr9-and-gstr9c CBIC via Twitter has notified that it...
The CBIC has provided One time relaxation in implementation of e-Invoicing Provisions for the month of October, 2020 vide Press Release dated 30/09/2020. It has been decided that the invoices issued by such taxpa...
The CBIC vide 70/2020-Central Tax dated 30/09/2020 has notified the Goods and Service Tax(GST) e-invoicing is applicable if the turnover is more than 500 crores in any of the last three Financial Years. The CBIC als...
The Central Board of Indirect Taxes and Customs ( CBIC ) has issued an advisory on change in navigation of the Comparison of liability declared and ITC claimed the report. Shifting of navigation of “Comparison ...
The Central Board of Indirect Taxes and Customs (CBIC) waived off the late fee payable for failure to furnish the return in FORM GSTR-4 and FORM GSTR-10. Late filling fees in case of delayed filing of GSTR-4 ...
In a bid to assist taxpayers, the Goods & Service Tax Network (GSTN) has enabled the Reconciliation Tool for matching GSTR-2B (Auto-Drafted ITC Statement) with Purchase Register. The Matching Offline Tool ca...
