GST Updates

Legislative Background-Why Entry Relating to “Land and Building” was inserted in Schedule III and Taxability of Immovable Property in GST

Cross Empowerment in GST-Agenda and Minutes of 22nd GST Council Meeting and a Draft Notification of Cross Empowerment under various sections of CGST, which never saw light of the day due to differences over place of supply rules in IGST and why as an intermittent solution only notification for cross empowerment for issuance of refund was issued

Notifications for Extension of Various Due Dates: 49/2020-Central Tax to 54/2020-Central Tax dated 24/06/2020

GST in News: ‘Second level verification of new GST registrants welcome’

GST Updates

GST in news: Goods purchased, sold overseas liable to GST in India: AAR

Gist of Notifications/Circulars for Proper Officer under CGST/IGST Act

The ruling by the Gujarat-Bench of the AAR states that GST will be levied on Merchant Trade Transactions A domestic...

GST in News: GST trouble for aviation, hospitality and travel companies

Several aviation, hospitality and telecom companies are facing the dual burden of paying Goods and Services Tax (GST) dues in...

GST in News: GST late fee waiver unfair, say those who have paid

GST council's decision to waive late fee for assesses who have not filed any of their GST returns from July 2017...

Recommendations of GST council related to Law &Procedure

Recommendation of 40th GST Council meeting held on 12/06/2020 The 40 GST Council met under the Chairmanship of Union Finance...

Circular No: 140/10/2020: Clarification in respect of levy of GST on Director’s Remuneration

Clarification in respect of levy of GST on Director’s Remuneration https://www.cbic.gov.in/resources//htdocs-cbec/gst/Circular_Refund_140_10_2020.pdf It is clarified that the part of Director‟s remuneration...

Circular No: 139/09/2020: Clarification on Refund Related Issues

Circular No: 139/09/2020: Clarification on Refund Related Issues. https://www.cbic.gov.in/resources//htdocs-cbec/gst/Circular_Refund_139_9_2020.pdf In this context it is noteworthy that before the issuance of...

Discount and Incentive-Circular No. 105/2019-GST Dated 28th June 2019-Agenda to 37th GST Council Meeting gives an understanding to the reason behind withdrawal of Circular and how it gives a brief overview of what’s coming next in place of withdrawn Circular

Circular No. 105/24/2019-GST-Dated 28th June 2019-Key Takeaways on Post- Sale Discount from the perspective of Supplier, Dealer and Customer

Discount and Incentive-Circular No. 105/2019-GST Dated 28th June 2019-Agenda to 37th GST Council Meeting gives an understanding to the reason...

Rule 86A- “Reasons to be Recorded in Writing”-Inbuilt Safeguard for Protection of Principle of Natural Justice and Balancing Act between Power of the Revenue and Safeguard of Taxpayers Interest

Rule 86A- “Reasons to be Recorded in Writing”-Inbuilt Safeguard for Protection of Principle of Natural Justice and Balancing Act between...

Notification No. 23/2017-Central Tax-Interest on Net Liability-Supports contention of Interest payable on Net Liability or Error waiting to be Corrected

31st GST Council Meeting Minutes:-Amendment to Section 50 of CGST Act, 2017 to allow payment of interest on net cash liability- GST Council meeting agenda provides that present Law allows part payment of taxes but it’s the inflexibility of the system which increases the interest burden

Notification No. 23/2017-Central Tax-Interest on Net Liability-Supports contention of Interest payable on Net Liability or Error waiting to be Corrected ...

GST Compilation to All Relevant Rule, Notifications and Circular-Section-10-Composition levy