Category: news-updates

Withdrawn of Circular No. 105/24/2019- GST, Dated: 28.06.2019 related to the treatment of the secondary or post-sale discounts under GST

Withdrawn of Circular No. 105/24/2019- GST, Dated: 28.06.2019 related to the treatment of the secondary or post-sale discounts under GST

Circular No. 92/11/2019, dated: 7th March 2019 was issued for clarifying doubts related to the treatment of secondary or post-sales discounts under GST. After issuance of said circular various representations have been received from the trade and industry seeking clarifications in respect of tax treatment in case of secondary discounts and post-sale discounts. For clarifying …

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Procedure to claim a refund when favorable order has been issued in appeal or any other forum

Procedure to claim a refund when favorable order has been issued in appeal or any other forum

When once any refund order has been rejected in FORM GST RFD-06, and applicant further appeals against the same in Appellate tribunal or any other authority then re-credited of the amount debited from the electronic credit ledger, if any, is not done till the appeal is finally rejected. If any favorable order has been passed …

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Eligibility criteria for Re-apply for refund application filing when once Nil refund application has already been filed

Eligibility criteria for Re-apply for refund application filing when once Nil refund application has already been filed

Circular No. 110/29/2019-GST, Dated: 3rd October 2019 On Common Portal if once Nil refund application has been filed by the particular taxpayer then he is not allowed to file refund application again instead of the fact he have refund amount for that particular period, several taxpayer application received by the the committee and for keeping …

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Gist of GST Notification Effective from 01 October 2019

Gist of GST Notification Effective from 01 October 2019

Notification No. Gist of Amendments Notification No. 14/2019 Notification No. 14/2019 Central Tax (Rate), dated: 30th September 2019, has been issued for specify effective rates for CGST under Schedule I – (2.5%), Schedule II – (6%) Schedule III – (9%) Schedule IV (14%) Schedule V – (1.5%) Schedule VI – (0.125%) for specified items through amending notification no. 1/2017 …

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Clarification Regarding Annual Returns and Reconciliation Statement

Clarification Regarding Annual Returns and Reconciliation Statement

The Government of India has been receiving a number of representations regarding Annual Return (FORM GSTR-9 / FORM GSTR-9A) and Reconciliation Statement (FORM GSTR-9C). In this regard the following clarifications are issued for information of all stakeholders:- a) Payment of any unpaid tax: Section 73 of the CGST Act provides a unique opportunity of self …

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