GST Articles

Is Interest not payable if the GST return is filed belatedly but amount is deposited in Cash Ledger within due date?

Anket Dodya 07 January 2021 at 09:28

In many cases cash ledger was credited within the time, however, filing of return happened belatedly. There are strong reasons why interest should not be levied in such scenarios. Let us understand the legal matrix around this issue.

Transitions in GST rules which are applicable from 01st January 2021

Mayank Gupta 07 January 2021 at 09:28

With the increase in the number of fraudulent cases, fake invoicing by many concerns, and creation of dummy firms the GST department amends the CGST rules, 2017 that are made effective from 1st January 2021.

All about Quarterly Return Monthly Payment (QRMP) Scheme

CA Robin Garg 06 January 2021 at 12:18

Quarterly Return Monthly Payment scheme (QRMP) is a scheme to file returns on a quarterly basis but making payments on a monthly basis, which will lead to reducing the burden of return filing compliance.

How to Change the Authorised Signatory on the GST Portal?

CA Sapna Ghelani 05 January 2021 at 16:58

In this article, we discuss the steps through which a taxpayer or professional can change the authorised signatory on the GST Portal.

Is Anti-Profiteering Anti-Business?

Chandani Nawalkha 05 January 2021 at 13:20

The construction businesses are at the center stage of anti-profiteering in some of the latest judicial pronouncements. The article is an attempt to summarize the methodology and crux of these rulings.

Auto population of E-invoice in GSTR 1

Lekhraj sood 04 January 2021 at 10:03

In this article, we discuss the important points and updates that are to be noted by taxpayers who had started e-invoicing from 1-10-2020 and whose auto-population of e-invoice data into GSTR-1 had started from 3rd December 2020.

Important Changes in GST w.e.f. January 1, 2021

Bimal Jain 04 January 2021 at 10:00

Highlights of all important changes related to QRMP Scheme, E-invoicing, ITC availment, e-way bill, etc. under the CGST Act 2017 and CGST Rules 2017, effective from January 1, 2021.

Person whose registration has been suspended is now restricted from furnishing PART A of E-Way Bill

Bimal Jain 04 January 2021 at 09:57

The CBIC, vide Notification No. 94/2020-Central Tax, dated December 22, 2020, has inserted a new amendment in which a person whose registration has been suspended is now restricted from furnishing PART A of the E-Way Bill.

Compliance Calendar - January 2021

CA Rahul Mittal 02 January 2021 at 10:11

Compliance Calendar January 2021 - In this article, we discuss the most important Income Tax, GST, and Provident Fund due dates that lie in the month of January 2021.

No opportunity of being heard to taxpayers for suspension of registration

Bimal Jain 02 January 2021 at 10:06

The CBIC vide Notification No. 94/2020-Central Tax, dated December 22, 2020, issued Central Goods and Services Tax Rules (Fourteenth Amendment), 2020 amending Rule 21A of the CGST Rules, 2017.