The CBIC vide notification dated 22 December 2020 has published the Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020. In this article, we will discuss the CGST Fourteenth Amendment Rules in brief. CBIC Notification on Fourteenth Amendment Rules, 2020 The CBIC vide notification dated 22 December 2020 has announced the Central Goods and Services … Read more
In a move to ease the pressure on small taxpayers, the Central Government has decided to introduce Far-reaching new amendments have been made in the CGST Rule, Vide Notification No 94/2020- Central Tax with the purported purpose to tackle the menace of fake invoicing. In this article, we will discuss on Important GST changes applicable … Read more
CBIC has published certain modifications to the Goods and Services Tax (GST) Rules, carrying in stringent circumstances for getting GST registration as well as for businesses to settle GST liability using the input tax credit. Let’s discuss the notification on GST Liability. CBIC Notification for GST Liability Firms with a monthly turnover of overall Rs … Read more
Starting a coffee shop business in India has enhanced a rage in recent years due to the high demands from the millions of coffee lovers in the most utmost of the developing regions. After tea, coffee is the second foremost favored beverage in India. India is known for generating about 3.5% of coffee production in … Read more
CBIC has come up with a new scheme for small taxpayers having an impact turnover of up to 5 crores. This scheme will permit small taxpayers to file their returns on a quarterly basis and make their payments on a monthly basis. This scheme has an accurate to ease the tax compliance for the small taxpayers. … Read more
In a crucial move that will assist the taxpayers who fall under the classification of Corporate Debtor as per the requirements under the Insolvency and Bankruptcy Code, a new registration functionality has been facilitated the on the Goods and Services Tax (GST) portal. In this article, we will discuss on GST Registration for Corporate Debtors. … Read more
The Central Board of Indirect Taxes and Customs ( CBIC ) has authorized the Auto population of details in Form GSTR-3B from Form GSTR 1 & GSTR 2B. In this article, we will discuss the Auto population of details in Form GSTR-3B from Form GSTR 1 & GSTR 2B. GST Annual Return Due Date Extension … Read more
Big support for composite GST taxpayers, the Institute of Chartered Accountants of India (ICAI) has written to the GST Council asking for a GST Annual Return Due Date Extension Due to the CoronaVirus pandemic, The Institute of Chartered Accountants of India (ICAI) has written to the GST Council asking for an extension of GST annual … Read more
For the first time, Tax officers have cancelled GST registrations of over 1.63 lakh entities in October and November for non-filing of returns In this article, we will discuss on cancelled GST registrations of over 1.63 lakh entities in October and November for non-filing of returns Canceled GST registrations of over 1.63 lakh entities in … Read more
As we know Education is one of the major sectors of any economy. The education of the country’s youth decides how the economy of that country will prosper. Education advances understanding, vision, creativity and productivity of people which assists in the advancement of a country. In India, Education is rendered with both by the public … Read more