The CBIC vide Notification No. 01/2022-Central Tax dated 24/02/2022 has notified the reduction in the applicability of e-invoicing threshold limit from Rs.50 Crores to Rs.20 Crores with effect from 1st April, 2022. ...
The Union Minister for Finance & Corporate Affairs, Smt Nirmala Sitharaman tabled the Union Budget 2022-23 in Parliament on 1st February, 2022 The highlights of the GST Proposals made under the Finance Bill, ...
As per the GST Council decision to notify “Restaurant Service” under section 9(5) of the CGST Act, 2017 along with other services notified earlier such as motor cabs, accommodation and housekeeping services w...
As per Notification No. 35/2021 – Central Tax dated 24th September 2021, clause (a) of the sub-rule (6) of Rule 59 of CGST Rules, 2017 was amended. By way of this amendment, for the words “for preceding two m...
The GST Council’s 46th meeting was held today in New Delhi under the chairmanship of Union Finance & Corporate Affairs Minister Smt. Nirmala Sitharaman. The GST Council has recommended to defer the decision ...
CBIC has extended the due date for furnishing annual return in FORM GSTR-9 & self-certified reconciliation statement in FORM GSTR-9C for the financial year 2020-21 from 31.12.2021 to 28.02.2022 vide Notific...
Section 16(2)(aa) of CGST Act, 2017 which was inserted vide Section 109 of Finance Act, 2021 has been made applicable from 01/01/2022 vide Notification No. 39/2021 dated 21/12/2021. Section...
Central Government has vide Notification No. 38/2021-CT dated 21.12.2021 notified January 1, 2022 as the implementation date for Rule 10B of CGST Rules, 2017. Rule 10B which was notified vide Notification No. 3...
The Government, vide Notification No. 19/2021- Central Tax, dated 01.06.2021, had provided relief to the taxpayers by reducing / waiving late fee for non-furnishing FORM GSTR-3B for the tax periods from July, 2...
The GSTN has issued a clarification over Negative Liability in GSTR-4 after several instances were noticed where taxpayers were reporting negative liability appearing in their GSTR-4 Background: Since FY 201...
