Certain important amendments have been made in connection with refunds, in the CGST Rules, 2017, which are explained in this article.
CBIC has issued notifications and circular under GST Laws to implement the relief measures announced by Hon'ble Union Finance and Corporate Affairs Minister Smt. Nirmala Sitharaman on 24th of March 2020.
In the view of the outbreak of COVID-19 the Finance Minister on the 24th of March 2020 had given various relaxations to the taxpayers by extending various due dates, reducing the tax rates, waiving off the penalty, and the late fees.
Refund Of ITC On Capital Goods: A Possible Perspective
Is the GST once paid can be claimed back. There are circumstances where GST paid to the government can be claimed back. There is set procedure which is totally online where a registered person can file and claim back the GST.
Clarifications were issued by the department in respect of issues under GST Law for companies under IBC Code, 2016. Here is the analysis of clarifications.
Since we are moving towards online business and transactions, therefore Government need to fix time limit for refund cases as defined above to save interest paid by the department in delay payment of Refund and concern GST Officer should be answerable to GST Department and Ministry of Ministry for such delay.
GST is applicable on Security services. On security services GST is charged under RCM since 31.12.18. However earlier GST on security was under Forward Charge. ...
Since the GST Act has been implemented, we have seen that various changes are made in the CGST Rules. Here is the summary of the latest changes that have been made in the CGST Rules.
CBIC issued a clarification on GST Refund related issues on 31.03.2020. The clarification covers bunching of refund claims across various years, guidelines for a refund of ITC, etc.
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