GST

GSTN issues advisory on delinking of Credit/Debit Note from the invoice or filing Refund

delinking of credit/debit note

The GSTN portal has issued the Advisory issued on Delinking of Credit/Debit Note from Tax Invoice. Let’s understand in detail –  Advisory issued by GSTN GSTN has issued the formal advisory in regard to delinking of Credit/Debit Note facility which has given below for the ready reference of our readers. It was also intimated that … Read more

ICAI asks extension of GST annual return filing for FY19

gst annual return filing FY19

Big relief for composite GST taxpayers, the Institute of Chartered Accountants of India (ICAI) has written to the GST Council asking for an extension of GST annual return filing for FY19. Let’s understand in detail – Due to the COVID-19 pandemic, The Institute of Chartered Accountants of India (ICAI) has written to the GST Council … Read more

GST on Advertising Services

gst on advertising services

As we know Advertisement plays an indelible part of business growth and acts as a tool for communicating the products and services offered by the seller to its prospective buyers. Since there are diverse ways in which advertisement services are provided, it becomes important to understand their taxability provisions from the GST perspective. In this … Read more

TCS functionality on GSTR-8 Return enables for GST Composite Taxpayers

new gst functionalities for tcs

The Central Board of Indirect Taxes and Customs (CBIC) have provided the new GST  functionalities for TCS, Composition Taxpayers and e-commerce operators. Let’s understand in detail –  Recently the goods and services network (GSTIN) portal has made some new GST functionalities for TCS. This has made some relaxation in the GST return filing procedure for … Read more

CBIC Extends Due Date of GSTR-4 Return filing for FY 2019-20

GSTR-4 filing returm

A Big relief for composite GST taxpayers, the Central Board of Indirect Taxes and Customs (CBIC) extended the deadline of GSTR-4 return filing. let’s understand in detail –  Know About GSTR-4 Return GSTR-4 is a return that requires to be filed. The due date for filing Form GSTR-4 Annual Return is 30th of the month … Read more

GST on Security Services 

GST on security services

As we know the security services play a vital role in every sector like technical Security Services, personal security services, event management security services etc. Also, it ensures to protect against crimes. From the date of the implementation of GST i.e 1st July 2017 till 31st December  2018, GST on security services was payable by … Read more

41st GST Council Meeting on GST Compensation to States 

gst compensation to states

 The 41st GST council meeting was held on Friday under the leadership of honourable Finance Minister Nirmala Sitharaman. The meeting was conducted via video conferencing. The GST council meeting members discussed “GST compensation to states”.   Here are key 41st GST Council Meeting Updates. Important 41th GST Council Meeting Updates GST Collection has been critically impacted … Read more

Aadhar authentication mandatory for GST Registration

Aadhar mandatory for GST Registration

With the period of time, the GST department took several steps to smoothening and fasten the GST registration process for the business taxpayers. Now, the Central Board of Indirect Taxes issued new guidelines that require Aadhar mandatory for GST Registration and  Aadhaar Authentication by an OTP in the GST Registration application. The government has issued … Read more

GST on Transport

gst on transport

As we all know, Transportation plays a vital part in the economy, as any difficulty in transportation disrupts the entire business channel. However, as per the National Highways Authority of India, about 65% of freight and 80% of passenger traffic is transported roads. Transportation of goods by road taken by transporter or courier agency. In … Read more

Ban on Deemed Approval of GST Registration Lifted

Deemed Approval of GST Registration

The GST department has recently announced that the ban on deemed approval of GST Registration shall now be lifted soon. As we know that the country was under complete lockdown since 25th March 2020, on account of COVID-19 pandemic. There were many people who had filed applications for GST Registration, which were being deemed approved … Read more