GST Articles

40th GST Council Meeting - Key Highlights

CS Lalit Rajput 12 June 2020 at 22:08

40th GST Council Meeting was chaired by FM. Late fees on GSTR-3B for taxpayers with nil tax liability waived off

40th GST Council Meeting- Know what has changed?

CA Rahul Mittal 12 June 2020 at 22:08

40th GST Council Meeting. Late Fee for non-furnishing FORM GSTR 3B for the tax period July, 2017 to January, 2020 has been waived

Salaries paid to company directors not to attract GST

CA Shruti Singhal 12 June 2020 at 17:37

After a few contradictory judgments CBIC Clarifies that Salaries paid to company directors not to attract GST

GST under RCM on Director's Remuneration

Anoop Gupta 12 June 2020 at 09:50

As per S.No 6 of the said notification, a company or a body corporate located in the taxable territory is liable to pay GST on RCM basis on services received from its directors.

How to file NIL GST return by SMS?

Rohit Kumar Singh 12 June 2020 at 09:50

CBIC has introduced NIL filing of Form GSTR 3B vide Notification No 44/2020 - Central Tax dated 8th June, 20. Rule 67A of the CGST Rules, 2017 has been notified for giving effect to this change.

Key Expectations from 40th GST Council Meeting

CCI Team 11 June 2020 at 17:33

As on the 12th June 2020, almost after two months of lockdown due to Covid-19, the GST Council is now planning to hold its 40th GST Council meeting.

Clarification related to GST Refund - ITC populated in GSTR 2A

Rohit Kumar Singh 11 June 2020 at 14:44

Circular ON GST Refund clarifies that the treatment of refund of such ITC relating to imports, ISD invoices and the inward supplies liable to RCM supplies will continue to be the same as it was before the issuance of Circular No. 135/05/2020

Clarification on levy of GST on Directors' Remuneration

Rohit Kumar Singh 11 June 2020 at 13:59

CBIC clarified that the remuneration paid to independent directors, or that director who are not employees of the said company, is taxable in hands of the company, on a reverse charge basis.

GSTR-9 and 9C- Aspects that need clarification

CA DHIRAJ DUGAR 11 June 2020 at 12:27

As we all know the due date for filing GST Annual Return and GSTR-9C is 30.09.2020. But still there is no clarification regarding the manner of presenting details in the respective returns.

Levy of GST on Director's Remuneration | Decoding CBIC Clarification

CS Lalit Rajput 11 June 2020 at 09:56

CBIC clarified that the remuneration paid to independent directors, or that director who are not employees of the said company, is taxable in hands of the company, on a reverse charge basis.