On the recommendation of the GST council, the Government has given relaxation to the taxpayers registered under section 125 of the CGST act by giving penalty waiver for non-compliance of provisions of Dynamic QR Code from 1st December 2020 to 31st March 2021, providing that such taxpayer needs to comply with the provision mandatorily from …
CBIC notifies that e-invoicing will be made mandatory from 1st January 2021 for every taxpayer (other than SEZ unit) whose aggregate turnover (TO) in any of the Financial Year (FY) 17-18, 18-19, and 19-20 exceeds INR 100 Crores. Read more about Notification No. 88/2020 – Central Tax
A relief for all the registered taxable person- the due date of annual GST Return (GSTR-9) and reconciliation statement (GSTR-9C) for the financial year 2018-19 extended till 31st October 2020. Howsoever, to avoid the last-minute rush, file GSTR-9 and GSTR-9C at the earliest. Read more about Notification No. 69/2020.
42nd GST Council Meeting took place on 5th October 2020 via video conferencing, under the chairmanship of Union FM Smt. Nirmala Sitharaman. Here are the 8 key takeaways from the 42nd GST Council Meeting: 1. Any taxpayer whose turnover is less than INR 5 Crores can file a quarterly return WEF 1st January 2021, although …
CBIC announced non-adherence to e-invoicing provision will be waived for October 2020, keeping in mind the hardships faced by the taxpayers due to COVID lockdown. As per the press released by the CBIC, it is clear that: E-invoicing will be applicable for all those taxpayers whose annual turnover exceeds INR 500 Crores in any preceding …
Notification No. 60/2020 – Central Tax, Dated: 30.07.2020, has been issued for substituting earlier FORM GST INV-01 (Format/Schema for E-Invoice) through amendment in CGST Rules 2020 and now the new format of E-Invoice has been notified. Read more about CBIC Notification No. 60/2020
Filing of Form GSTR-4 Annual Return by Composition taxpayer is enabled on GST Portal Now Read more about Form GSTR-4 Annual Return Is Enabled on GST Portal Now
As per Notification No. 59/2020, Dated: 13.07.2020, Due date to file GSTR-4 Annual Return for Financial Year 2019-20 has been extended to 31st August, 2020 Read more about CBIC Notification No. 59/2020
Notification No. 58/2020, Dated: 01.07.2020 has been issued for making eight amendments to CGST Rules to include procedure of filing NIL GSTR-1 & 3B Return through SMS Read more about CBIC Notification No. 58/2020
