GST News

CBIC provides relief by lowering of the interest rate for a specified time for tax periods March 2021 to May 2021

02 June 2021 at 07:03

Vide Notification No. 18/2021 – Central Tax, the Central Board of Indirect Taxes and Customs has provided relief to taxpayers by lowering the interest rate for a specified time for tax periods March 2021 to May 2021, w.e.f 18th May 2021.

Posted in GST | 2178 Views

CBIC amends Rule 36(4) via Central Goods and Services Tax (Fifth Amendment) Rules, 2021

02 June 2021 at 06:54

The Central Board of Indirect Taxes and Customs has released the Central Goods and Services Tax (Fifth Amendment) Rules, 2021 under which, amendments have been made under Rule 26(1) and 36(4) of the CGST Rules 2017.

Posted in GST | 2910 Views

CBIC extends the due date for furnishing of FORM ITC-04 for QE March, 2021 to 30th June 2021

02 June 2021 at 06:50

Vide Notification No. 26/2021 – Central Tax, the Central Board of Indirect Taxes and Customs has extended the due date for furnishing of FORM ITC-04 for QE March 2021 to 30th June 2021.

Posted in GST | 1566 Views

CBIC extends the due date for filing FORM GSTR-4 for the FY 2020-21 to 31st July 2021

02 June 2021 at 06:47

Vide Notification No. 25/2021 – Central Tax, the Central Board of Indirect Taxes and Customs has extended the due date for filing FORM GSTR-4 for the FY 2020-21 to 31st July 2021.

Posted in GST | 1668 Views

CBIC extends due date of compliances which fall during the period from 15th April 2021 to 29th June 2021 till 30th June 2021

02 June 2021 at 06:43

Vide Notification No. 24/2021 – Central Tax, the Central Board of Indirect Taxes and Customs has extended all the due date compliances that fall during the period from 15th April 2021 to 29th June 2021, till 30th June 2021.

Posted in GST | 10488 Views

CBIC excludes government departments and local authorities from the requirement of issuance of e-invoice

02 June 2021 at 06:37

Vide Notification No. 23/2021 – Central Tax, the Central Board of Indirect Taxes and Customs has excluded government departments and local authorities from the requirement of issuance of e-invoice.

Posted in GST | 1614 Views

CBIC rationalizes late fee for delay in filing of return in Form GSTR-7

02 June 2021 at 06:34

Vide Notification No. 22/2021 – Central Tax, CBIC has waived the late fee for delay in furnishing of return in FORM GSTR-7 for the month of June 2021 onwards for an amount that is in excess of one thousand rupees.

Posted in GST | 1635 Views

CBIC extends the due date for filing GSTR-1 for May 2021 by 15 days

02 June 2021 at 06:29

Vide Notification No. 17/2021 – Central Tax, CBIC has extended the due date for furnishing details of outward supplies in Form GSTR-1 for the month of May 2021 from 11th June 2021 to 26th June 2021.

Posted in GST | 2514 Views

Section 112 of the Finance Act 2021, which amends the Interest on Delayed Payment of GST to come into effect from 1st June 2021

02 June 2021 at 06:26

CBIC has appointed 1st June 2021 as the date on which Section 112 of the Finance Act 2021 shall come into force. This section seeks to amend Section 50 of the Central Goods and Services Tax Act, 2017 which relates to Interest on Delayed Payment of GST.

Posted in GST | 9123 Views

GST Council Meet: GoM has been constituted to examine the issue of GST concession/exemption to COVID relief material

29 May 2021 at 17:50

In pursuance of the decision of the GST Council at its 43rd meeting on 28 May 2021, a Group of Ministers has been constituted to examine the issue of GST concessions/ exemption to COVID relief material. GoM will be submitting its report by June 08, 2021.

Posted in GST | 5934 Views