GST return filing

Rule 86B on Input Tax Credit and Its Impact in GST

Rule 86(B) on Input Tax Credit

The Central Board of Indirect Taxes and Customs (CBIC) has proposed a new rule to provide restrictions on utilization of the amount available in electronic credit ledger. Rule 86B is already made effective from 1st January 2021. In this article, we will discuss Rule 86B on Input Tax Credit and Its Impact In GST. Rule … Read more

Tax liability on supply of CNG from retail outlet under GST Portal

Tax liability on supply of CNG from retail outlet under GST Portal

The Central government has announced the notification to bring natural gas under the Goods and Services Tax (GST) regime to realise Prime Minister insight for a gas-based economy and boosting the stake of the environment-friendly fuel in India’s energy basket. In this article, we will discuss on Tax liability on the supply of CNG. Tax … Read more

Declaration of HSN Code for Goods and Services

Declaration of HSN Code for Goods and Services

The CBIC has published the decision to mandatory declare the HSN code for goods and the SAC code for services was taken in 42nd GST Council Meeting held on 5th October 2020. In this article, we will discuss on Declaration of HSN Code for Goods and Services. Declaration of HSN Code for Goods and Services … Read more

GST collection December 2020 crosses 1.15 lakh crore in FY 2020-21

GST collection December 2020

For the one more time, GST acquisitions in December reached over Rs 1.15 lakh crore, crossing Rs 1 lakh crore targets since November and October this year. In this article, we will discuss on GST collection December 2020. GST collection December 2020 The Central Government has proclaimed the gross GST revenue collected in December 2020 … Read more

Aadhar Authentication for Existing GST

Aadhar Authentication for Existing GST

CBIC has issued the notification for the Aadhaar Authentication facility, which has now available on Goods and Service Tax (GST) Portal. Also, it will help the taxpayers to authenticate Aadhar of Partner, Promoter and Primary Authorised Signatory. In this article, we will discuss on Aadhar Authentication for Existing GST. Know about Aadhaar Authentication Aadhaar authentication … Read more

GST on Hydroponic Farming

GST on Hydroponic Farming

As we know, Hydroponic farming is setting uproots all across India. Hydroponics and other soil-less farming methods can assist to take the agriculture and farming industry to the next level. Also, there is a lot of confusion about the concern of Hydroponic Farming, if it is taxable or not. In this article, we will discuss … Read more

What is QRMP Scheme and benefit for Small Business

What is QRMP Scheme

The Central Board of Indirect Taxes & Customs (CBIC) initiated Quarterly Return Filing and Monthly Payment of Taxes (QRMP) scheme under Goods and Services Tax (GST) to assist small taxpayers whose turnover is less than Rs.5 crores. The QRMP scheme enables the taxpayers to file GSTR-3B on a quarterly basis and pay tax every month. … Read more

Due Dates for Filing GSTR-3B for December, 2020

Due dates for filing GSTR-3B

The government releases the notification for the GST return forms details which are required to be filed according to the due dates for GSTR3-B for December 2020 under GST notification. In this article, we will discuss the notification on Due dates for filing GSTR-3B. Due Dates for filing GSTR-3B The due date for quarterly GST Return … Read more

GST has Become Colonial Taxation System – CAIT

GST has Become Colonial Taxation System

Vastly against the declared spirit of GST as Good & Simple Tax, the GST has become a “colonial taxation system”  quite away from the ground certainties of the business conducted in India. In this article, we will discuss on how GST has Become Colonial Taxation System in India. GST has Become Colonial Taxation System The … Read more

GSTR-1 Due Date October December 2020

GSTR-1 Due Date October December 2020

The government releases the GST return forms details which are mandated to be filed according to the due dates for quarterly filing of Goods and Services Tax Returns for the third quarter of 2020 under GST notification. In this article, we will discuss the notification on GSTR-1 Due Date October December 2020. GSTR-1 Due Date … Read more