55th GST Council Meeting Recommendations
The GST Council in its 55ht Meeting held on 21.12.2024 inter alia made the following recommendations relating to changes in […]
GST
54th GST Council Meeting Recommendations
The 54th GST Council Meeting has brought forward several significant changes and clarifications that aim to streamline compliance and provide
Changes in GST | Finance Bill, 2023
The Changes proposed in GST Laws (CGST and IGST) via the Finance Bill,2023 are explained briefly in this blog. To
Highlights of 48th GST Council Meetings
The 48th meeting of the GST council was held on 17th December 2022 through Video conference. Note: The recommendations would
Revised GST Rates and Exemption for Services
[print_link] The GST Rates and Exemption for services have been revised w.e.f 18th July 2022. The changes in brief are
Recent GST Notifications (Central Tax)
[print_link] Certain changes (non-rate/procedural) proposed in the recent 47th GST have been notified via Notification No 9/2022, 10/2022, 11/2022, 12/2022,
Recommendations in 47th GST Council Meeting
[print_link] The GST Council in its 47th Meeting has recommended changes in rates of certain goods and services. Clarifications on
Amendment in E-Invoice Applicability | GST
E-invoice is compulsory for all GST registered persons who have aggregate turnover above a notified limit. The limit has now
Proposed Changes in GST | Budget 2022
1. Date extension for availing ITC and issuing credit notes Input tax credit for a financial year can be availed
Important Changes in GST from 1st Jan 2022
There are few changes in GST Rules and regulations w.e.f 1st January, 2022. These are listed as follows Further changes
Exemption for services provided to Government Withdrawn
The following changes in tax rates on services to/by government notified vide Notification No. 16/2021 CTR come in to effect
Barring of filing GSTR 1 / IFF from 1st Sept, 2021
A registered person shall now NOT be able to file GSTR 1 / Invoice Furnishing Facility (IFF) from 1st September,
Recent Relaxation in GST Compliances due to Covid-19 Pandemic
The article covers the recent relaxation in GST compliances due to Coivd-19 pandemic. GST Returns
Recent Changes in GST
Important changes have been introduced with amended GST rules being introduced. The applicability of such changes is w.e.f 22 Dec
GST Quarterly Return Monthly Payment Scheme Explained
The scheme aims to reduce compliance burden of small GST taxpayers by allowing quarterly filing GSTR 3B returns for taxpayers
Is the Notice pay recovered by Employer is taxable under GST?
In GST, there are several issues coming before the taxpayer regarding taxability. One of the issues is the amount recovered
Reliefs by Finance Ministry due to COVID-19 Pandemic
Marathi Version (मराठी आवृत्ती) : http://www.ssburad.com/blog/1260/ The Hon’ble Finance Minister has announced some major changes and relief in Direct Tax,
Late Fees for Non-Filing of GSTR-1 after 10.01.2020
As a one-time measure to enable taxpayers to clear the backlog of all GSTR-1 which have not been filed from
E-invoice and QR Code under GST
E-invoice and QR Code (Notification no. 68, 69, 70, 71 & 72/2019 –Central Tax all dated 13th December, 2019) 1.
Precautions for ITC availed in Books of Accounts and not reflecting in GSTR-2A
Precautions for ITC availed in Books of Accounts and not reflecting in GSTR-2A There are issues related to ITC claims
Be particular to file GSTR-3B Returns otherwise you will barred from generating E way bill
Be particular to file GSTR-3B Returns otherwise you will barred from generating E way bill ID of taxpayer/transporter will be blocked
CBIC clarification on 20% ITC restriction
CBIC clarification on 20% ITC restriction on invoices/debit-notes not uploaded by supplier in GSTR-1 The Government has issued Notification 49/2019-Central
Generation and quoting of Document Identification Number (DIN)
CBIC opting DIN no (generated at central server ) for dept. correspondence throughout India from 8th November 2019 In keeping
ITC availment restricted if not reflected in 2A
New Provision- ITC not reflected in GSTR-2A, Government put a restriction for such ITC As per Notification No. 49/2019 Central
Filing of Annual Return becomes optional
Filing of Annual Return becomes optional to small taxpayer(Turnover ≤ 2 Crore) for the period 2017-18 & 2018-19 As per
Due Date for Filing of returns for the period Oct 19-Mar 20
The followings are the due date of return of GSTR-3B(Monthly), GSTR-1(Monthly) and GSTR-1(Quarterly) for the period Oct-19 to Mar-20 as
NN. 14/2019 Central Tax
Seeks to supersede Notification No. 08/2017 – Central Tax dated 27.06.2017 in order to extend the limit of threshold of
NN. 13/2019-Central Tax
Seeks to prescribe the due dates for furnishing of FORM GSTR-3B for the months of April, May and June, 2019.
NN. 12/2019 – Central Tax
Seeks to prescribe the due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover of more than
NN. 11/2019-Central Tax
Seeks to prescribe the due dates for furnishing of FORM GSTR-1 for those taxpayers with aggregate turnover upto Rs. 1.5
NN. 10/2019-Central Tax
To give exemption from registration for any person engaged in exclusive supply of goods and whose aggregate turnover in the
NN. 02/2019-Central Tax(Tax Rate)
To give composition scheme for supplier of services with a tax rate of 6% having annual turn over in preceding
NN. 02/2019-Union Territory Tax
To give exemption from registration for any person engaged in exclusive supply of goods and whose aggregate turnover in the
NN. 02/2019-Union Territory tax(tax rate)
To give composition scheme for supplier of services with a tax rate of 6% having annual turn over in preceding
How does it Impact Us?
31st GST Council Meeting Additions in Reverse Charge 3 Services have been added under reverse charge mechanism, leading to total
How to rectify mistakes in GSTR 3B? | जी एस टी विवरणपत्र – ३बी मधील चुकांच्या दुरुस्तीबाबत खुलासा
The following article written in Marathi by CA. Dr.Sanjay Burad has been published in Maharashtra Times on 20.01.2017. Marathi Version
25th GST Council Meeting | Decisions and Recommendations
Some of the Major recommendations of the 25th Council meeting are summarised below. To reduce GST rate (from 18% to
Services under Reverse Charge Mechanism (RCM) | GST
The services covered under reverse charge mechanism are Sr.No Service Supplier Recipient of service 1 GTA Services Goods Transport Agency
GST Calender 2017-18 | Returns & Trans form
The GST Returns and transition form due dates for 2017-18 (Updated on basis of Notifications issued till 10.12.2017)
GST Return Due Dates
There are some changes in GST Due Dates. Kindly refer our new Blog Post on GST Due Dates Calendar by
GST Challan Generation and Payment on GST Portal
The steps to pay your tax liability under GST are STEP 1: Go to the website https://www.gst.gov.in/ STEP 2:
Invoice under GST
GST mentions when and who is required to prepare a tax invoice. Every person who is registered under Goods and
GST
Relaxation in GST Returns
The GST council meeting held on 18.06.2017 has decided that Goods and Service Tax will be introduced from 1St July
GST
GST & Builders | Press release by CBEC
The CBEC has issued a press release on 15.06.2017 involving the transition to GST of the Builder/Developer Community. CA.Dr.Sanjay Burad
जीएसटी : काय काळजी घ्याल? | GST : Precautions to be taken
The following article was published in maharashtra times under the series \”Jodoniya Kar\”. The series is penned by CA Dr.
GOODS & SERVICE TAX (GST) : CONCEPT, LEVY & SUPPLY
The following paper was presented by the author in CA Students National Convention in December 2016. It has been written