GST Articles

GST Return Due Dates: Updated Compliance Chart

Posted by CA Nikhil Jhanwar 29 June 2020 51248 Views

To amend the existing relief provided by the Government amid COVID-19 in terms of waiver of late fees, interest and reduced rate of Interest @9% p.a. for the period of February, March and April 2020 and similar relief has been provided for the period May, June & July 2020 and extension of due date for August 2020

GST Changes in Finance Act 2020 effective from 30th June 2020

Posted by CA Arun Chhajer 27 June 2020 19685 Views

Certain section of Finance Act 2020 has been made effective from 30th June 2020 vide Notification No 49/2020 - Central Tax dated 24th June 2020.

RCM: Time Of Supply With Practical Points

Posted by Sandeep Rawat 27 June 2020 5581 Views

Reverse charge means the liability to pay tax is on the recipient of supply of goods or services instead of the supplier of such goods or services in respect of notified categories of supply.

Compliance Chart showing Due Date of GSTR 3B and GSTR 1

Posted by CA Arun Chhajer 27 June 2020 11355 Views

Due to multiple notifications issued for providing the relaxation in the Interest / Late fees / Due date / Conditional date in filing of GST Returns. Recent Notification has removed certain condition which is attached earlier especially with Interest Rate.

Input Tax Availability on Transportation of employees

Posted by Pradeep Jain 26 June 2020 10340 Views

The issue regarding allowing of availability of input tax credit relating to the facilities provided to the employees by the companies has been a point of dispute between the taxpayers and department since inception of GST regime. AAR has always given a regressive ruling i.e. not in favour of taxpayers

GSTR-3B- Manner of Calculation of Interest & Late Fees for delay in filing

Posted by Ajay 26 June 2020 5176 Views

Government has come up with few Notifications on 24th June 2020, for extending the various due dates for filing GSTR -3B return and GSTR 1 return for various months to provide relaxation in view of spread of Novel Corona Virus (COVID-19)