The Tax Talk

Updates in Forms GSTR-1, GSTR-3B and Matching Offline Tool for taxpayers in QRMP Scheme

April 14, 2021 0 Comments

Updates in Forms GSTR-1, GSTR-3B and Matching Offline Tool for taxpayers in QRMP Scheme With effect from 1st January, 2021, all taxpayers with Annual Aggregate Turnover up to Rs 5 Crore have been given an option to file their Form ...

GST

GST: If none of the ingredients which were required for confiscation existed, the confiscation itself would be arbitrary and illegal.

April 13, 2021 1 Comment

GST: If none of the ingredients which were required for confiscation existed, the confiscation itself would be arbitrary and illegal. IN THE ALLAHABAD HIGH COURT PANKAJ BHATIA, J. Metenere Ltd. v. UOI & Anr. Writ Tax No. 360 of 2020 17 December, 2020 Appeal allowed. Petitioner ...

GST

ITC allowed on supply of food & beverages from sweetmeats counter without any services to consume in premises

April 7, 2021 0 Comments

ITC allowed on supply of food & beverages from sweetmeats counter without any services to consume in premises Authority for Advance Rulings, West Bengal Manoj Mittal, In re - [2021] 126 taxmann.com 48 (AAR-WEST BENGAL) Short Overview : The applicant had a place of ...

GST

GST : CBIC waives penalty for non-compliance of mandatory dynamic QR Code for B2C invoices till 01 July, 2021 : Notification 6

April 6, 2021 0 Comments

GST : CBIC waives penalty for non-compliance of mandatory dynamic QR Code for B2C invoices till 01 July, 2021 : Notification 6 [pdf-embedder url="https://thetaxtalk.com/wp-content/uploads/2021/04/CGST_06_2021.pdf" title="GST : CBIC waives penalty for non-compliance of mandatory dynamic QR Code for B2C invoices till ...

GST

GST & Exempted supply: Services provided by sub-contractor to main contractor on behalf of work allotted by Municipality

April 5, 2021 0 Comments

GST & Exempted supply: Services provided by sub-contractor to main contractor on behalf of work allotted by Municipality Sri Roopesh Kumar, In re Advance Ruling No. KAR ADRG 101/2019 27 September, 2019 Represented by: Shankar. P GSTP, ORDER Under section 98(4) of the Central Goods & Services ...

GST

Supply of licence of pre-developed or pre-designed software amounts to supply of goods covered under heading 8523

April 3, 2021 0 Comments

Supply of licence of pre-developed or pre-designed software amounts to supply of goods covered under heading 8523 Authority for Advance Rulings, Karnataka SPSS South Asia (P.) Ltd., In re - [2021] 126 taxmann.com 12 (AAR - KARNATAKA) Short Overview: The applicant was authorised reseller ...

GST

GST: HSN code List

April 3, 2021 0 Comments

GST: HSN code List HSN/SAC Code is made mandatory on invoices w.e.f April 1, 2021 From April 1, 2021, a GST taxpayer, having turnover of more than Rs 5 crore in the preceding financial year, is required to furnish 6 digits ...

GST

Importer Exporter Code (IEC) need to be updated electronically every year: Non updating would result in de-activation

April 3, 2021 0 Comments

Importer Exporter Code (IEC) need to be updated electronically every year: Non updating would result in de-activation As per updated para 2.05 of Chapter-2 of Foreign Trade Policy (FTP), 2015-2020, An Importer Exporter Code (IEC) holder has to ensure that ...

GST

Spend on health insurance and get dual benefits

March 31, 2021 0 Comments

Spend on health insurance and get dual benefits Want to know how? When covid pandemic surged, since then people have become more cautious, they have started taking every possible precaution to protect themselves from this pandemic but definitely it's not going ...

GST

Ending Tasks for GST for FY 2020-21

March 27, 2021 1 Comment

Ending Tasks for GST for FY 2020-21 Create New Invoice series from 01-04-21 Reconcile Physical Stock with Books HSN code requirements as per guidelines. Reversal of Blocked Credit , Letter Of Undertaking in case of export Apply for Refund ...

GST, Income Tax, IT Judgement

Thank You CBDT: GST Reporting in Tax Audit Report kept on Hold

March 26, 2021 0 Comments

Thank You CBDT: GST Reporting in Tax Audit Report kept on Hold Clause 30C (GAAR) & Clause 44(GST) of Tax Audit Report has been further kept at abeyance till 31.03.2022. Compliance with above clauses was the toughest task in the tax ...

GST

Amendments in Schedule III from 1st day of April, 2021

March 25, 2021 0 Comments

Amendments in Schedule III from 1st day of April, 2021 As per the amendments, many new disclosure has been mandatory as detailed below: a. Disclosure of Shareholding of Promoters b. Trade Payables ageing schedule with age 1 year, 1-2 year, 2-3 year ...

GST

Authorities can initiate audit and investigation simultaneously in GST

March 23, 2021 0 Comments

Authorities can initiate audit and investigation simultaneously in GST Suresh Kumar P.P. v. Deputy Director, Directorate General of GST Intelligence - [2021] 123 taxmann.com 376 (Kerala) Short Overview : The petitioners were Managing Director and Director of a Media Company engaged in providing cable ...

GST

More than 900 amendments done by Government, Taxpayers don’t have option to rectify their mistake in GST returns even Once

March 22, 2021 0 Comments

More than 900 amendments done by Government, Taxpayers don't have option to rectify their mistake in GST returns even Once

GST

No communication to discharge maximum GST Tax Liability in Cash : CBIC

March 22, 2021 0 Comments

No communication to discharge maximum GST Tax Liability in Cash : CBIC

GST

HC pans GST officials, Issue them Notice !

March 20, 2021 0 Comments

HC pans GST officials, Issue them Notice !

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All about Foreign Tax Credit

New Tax Regime & Deduction ...

Landmark Judgement : No reasons ...

TDS need not be paid ...

Category: GST

Updates in Forms GSTR-1, GSTR-3B and Matching Offline Tool for taxpayers in QRMP Scheme

GST: If none of the ingredients which were required for confiscation existed, the confiscation itself would be arbitrary and illegal.

ITC allowed on supply of food & beverages from sweetmeats counter without any services to consume in premises

GST : CBIC waives penalty for non-compliance of mandatory dynamic QR Code for B2C invoices till 01 July, 2021 : Notification 6

GST & Exempted supply: Services provided by sub-contractor to main contractor on behalf of work allotted by Municipality

Supply of licence of pre-developed or pre-designed software amounts to supply of goods covered under heading 8523

GST: HSN code List

Importer Exporter Code (IEC) need to be updated electronically every year: Non updating would result in de-activation

Spend on health insurance and get dual benefits

Ending Tasks for GST for FY 2020-21

Thank You CBDT: GST Reporting in Tax Audit Report kept on Hold

Amendments in Schedule III from 1st day of April, 2021

Authorities can initiate audit and investigation simultaneously in GST

More than 900 amendments done by Government, Taxpayers don’t have option to rectify their mistake in GST returns even Once

No communication to discharge maximum GST Tax Liability in Cash : CBIC

HC pans GST officials, Issue them Notice !

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