The government has come up with the new notification No. 49/2019 - Central Tax dated 09-10-2019. Through the said notification the government has made the GST input tax credit calculation even more complicated
GST implications on seigniorage charges (royalty) paid to the government for miningGST has always been confusing for the mining industry with its never ending c..
As per Notification no. 49/2019 Central Tax dated 09.10.2019 changes in CGST Rules have been made.
The central government vide Notification no 49/2019 central tax dated 9/10/2019 has made amendments to CGST Rules, 2017.
Capping of 20% ITC w.r.t invoices/debit-notes not uploaded by supplier in GSTR-1
FY 2018-19: Actions in September 2019 returns
One of the important amendments is made in Rule 61(5) of the CGST Rules which deals with the "Form and manner of submission of monthly return" and states that where the time limit for furnishing FORM GSTR-1 and FORM GSTR-2 has been extended, then the Commissioner may, by notification, specify the manner and conditions subject to which the return shall be furnished in FORM GSTR- 3B.
Every supplier who makes supply of taxable goods and services or both needs to take registration under GST if his aggregate turnover in a financial year exceeds the threshold limit.
Timely refund mechanism is most essential in tax administration. The provisions pertaining to refund contained in the GST law aim to streamline and standardize the refund procedures under GST regime.
An amnesty scheme as anticipated at the time of rolling of GST Act has come now! Sabka Vishwas (Legacy Disputes Resolution) Scheme, 2019. SVLDRS.
FR & Direct Tax (Regular Batch Combo) For May 26 & Onwards