Goods and Services Tax (GST) is an indirect tax applicable to the supply of goods and services in India. The Goods and Service Tax Act was passed in Parliament on 29th March 2017. The GST in India Act took effect on 1 July 2017, It is a comprehensive, multi-stage, destination-based tax. Comprehensive because it has …
Restriction on claim of ITC to 5% vide CGST (Fourteenth Amendment) Rules, 2020 The CBIC has introduced very important changes in GST as per new Notification No. 94/2020 dated 22nd December, 2020 which was applicable from 1st January, 2021. Out of all changes, one major change is related to Restriction on claim of ITC as …
ITC as per Rule 36(4) – Restriction on claim of ITC to 5% Read More »
Q1. How can Regulators / Authorities / Banks / Others verify UDIN? Ans. For UDIN verification on UDIN Portal, You have to follow the following steps : Click on Verify UDIN. A window will open for verification and enter the required details. Such as Name of the Authority, Email-id and Mobile Number of the person …
Regulators or Stakeholders or Third Party UDIN Verification Read More »
Reset Of Email Address And Mobile Number On GST Portal Steps to be taken by the taxpayer or user to change email id and mobile number of Authorized Signatory :- Step-1 Login on the GST portal using your user id and password. Step-2 Go to Services > Registration > and select Amendment of Registration Non-core …
How to Change email id and mobile number Of Authorized Signatory Read More »
The list of documents required for PF and ESI registration is given below: For Proprietorship/Individual Proprietor’s PAN card, Date of incorporation of the organization, Proprietor’s Aadhaar card, Photograph of the proprietor, GST Registration Certificate Copy, Cancelled Cheque of the Firm’s current A/c, Email Id, Mobile No. of the proprietor, Address Proof of business: Property Tax …
The CBIC has introduced big changes in GST via CGST (14th Amendment) Rules , 2020 as per new Notification No. 94/2020 dated 22nd December, 2020 which is applicable from 1st of January, 2021. Changes are as follows: 1). Restriction on claim of ITC as per Rule 36(4) According to the changes made, the ITC claim …
Important Changes In GST From 1st January 2021 via CGST (14th Amendment) Rules, 2020 Read More »
The CBIC has enabled the Auto Populated GSTR-3B Form from GSTR 1 & GSTR 2B Form. Auto Populated GSTR 3B Detail: Auto populated computed information in the GSTR-3B form has now been enabled for taxpayers who file their form GSTR-1 monthly, This would come in effect from November 2020 tax period. The same will be …
FAQ – (General Queries Asked By Taxpayers related to Composition Scheme) Q1. How to Opt Composition Scheme in GST? If you are a regular taxpayer with an aggregate annual domestic PAN-based turnover as defined from time to time, you can opt for the Composition Levy under GST. But, You can’t opt for the Composition Levy …
How to Opt Composition Scheme (Explained under GST) Read More »
GSTN portal has added an option to submit a refund pre-application form to get the tax refund filed by the taxpayer. The portal has provided columns in which taxpayers are required to file the tax refund by providing correct information. These columns require certain information such as: Aadhar Number Income tax paid in Financial Year …
This article compiles due dates of compliance related to Goods & Service Tax Act (GST) which includes compliance related to Due Dates of filing of GSTR-1, GSTR-3B, GSTR-5, GSTR-6, GSTR-7, GSTR-8, GSTR-9/9C Return, etc. which falls in month of October, 2020 including Actual & Extended Due dates. S.No. Nature of Compliance Period Due Date 1. GSTR-3B (T/o<5 …
