Articles by Lekhraj sood

CBIC has introduced a new scheme known as ‘Quarterly Return and monthly payment" for the small taxpayers whose aggregate turnover does not exceed Rs. 5.00 cr.

TCS u/s 206C(1H) has been implemented from 1.10.2020. However, a question is arising as to how this TCS in the Tax invoice should be reported in GSTR1 under GST.

CBIC has launched a revamped and streamlined program to attract investments into India and strengthen Make in India. CBIC has gathered certain queries through trade consultations which have been consolidated and answered in this article.

Consequent to the recommendations made by the GST Council in its 42nd meeting held on 5.10.2020, the govt. has issued a number of notifications giving effect to the recommendations.

The E-waybill facility will be blocked for taxpayers having AAT of Rs. 5 Crores or more from 15th October 2020 if they have not filed their GSTR-3B returns for 2 successive tax periods.

The 42nd GST Council Meeting was held on 5th October 2020. Let us discuss some of the recommendations made by the council

The Faceless Appeal Scheme, 2020 came into effect via a notification dated 25.09.20. Know all about the scheme here.

How to reconcile GTR2B with Purchase Register

Consequent to amendment to section 34 of CGST Act,2017 through CGST (Amendment) Act, 2018  which was made effective from February 1, 2019 , one credit note can be issued against one or more relevant tax invoices.

AAR Maharashtra vide its order GST-ARA-23/2019-20/B-46 dated AUGUST  25, 2020 in the case of Tata Motors Limited rules that no GST is payable by the applicant on the nominal amounts recovered from its employees for availing transportation service for commuting to office in view of the fact that this transaction is not a supply as being covered under Schedule III of the CGST Act.