Articles by Rohit Kumar Singh

GST E-Invoicing - Enhancement of Aggregate Turnover to Rs 500 crore

Posted by Rohit Kumar Singh 31 July 2020 8116 Views

CBIC has issued Notification No 60/2020 - Central Tax and Notification No 61/2020 - Central Tax Dated 30th July, 2020 enhancing threshold for preparing E-Invoice to Rs 500 Crores

Form GSTR 3B : Waiver or reduction of Late fees

Posted by Rohit Kumar Singh 02 July 2020 11614 Views

CBIC has issued Notification No - 57/2020-Central Tax dated 30-06-2020 waiving/reducing late fees on filing of GSTR 3B for the months of May 20 to July 20 by 30th September 20.

GST Compliance relaxations related to Refund, E-way Bills and Orders

Posted by Rohit Kumar Singh 29 June 2020 2740 Views

GST Compliance relaxations related to Refund, E-way Bills and Orders

Extension of GST Due dates and Clarification on interest

Posted by Rohit Kumar Singh 25 June 2020 14930 Views

Compliance relaxations - Interest, Late fees, etc and amendment to CGST Act, 2017 Update Source

How to file NIL GST return by SMS?

Posted by Rohit Kumar Singh 12 June 2020 3615 Views

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.

Clarification on levy of GST on Directors' Remuneration

Posted by Rohit Kumar Singh 11 June 2020 2920 Views

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.

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

Posted by Rohit Kumar Singh 11 June 2020 3694 Views

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

Maintenance of Accounts and Records under GST Regime

Posted by Rohit Kumar Singh 19 May 2020 3861 Views

Maintenance GST Law prescribes detailed procedure for maintenance of books of accounts and records for goods or services or both. Iof Accounts and Records under GST Regime. Document" as defined under the CGST Act, 2017 to include written or printed records of any sort and electronic record as defined in IT Act, 2000.

Extension of annual return filing, filing of GSTR-3B by EVC and other changes notified in GST

Posted by Rohit Kumar Singh 06 May 2020 9117 Views

Due date to file GSTR-9 for FY 2018-19 extended to 30th September 2020, and the validity of e-way bills further extended to the 31st of May

GST on Directors Remuneration

Posted by Rohit Kumar Singh 13 April 2020 12882 Views

There is no need to pay GST on remuneration paid to directors. If the director and the Company have entered into an agreement/Contract and the director is engaged in full-time employment of the Company. an advance ruling is not applicable to similarly placed other taxable persons in the State. It is only limited to the person who has applied for an advance ruling.