New Rule for GST Cancellation and Suspension by GST Officer I CA Satbir Singh
New Rule for GST Cancellation and Suspension by GST Officer I CA Satbir Singh
Monthly Archives: December 2020
New GST Rule 21A for Suspension of Registration
New GST Rule 21A for Suspension of Registration . In the said rules, in rule 21A,- (a) in sub-rule (2), the words “,after affording the said person a reasonable opportunity of being heard,” shall be omitted; (b) after sub-rule (2), the following sub-rule shall be inserted, namely: – “(2A) Where, a comparison of the returns… Read More »
USA IRS : e-New for Tax Professionals 2020-52
Inside This Issue News from the Justice Department’s Tax Division: IRS Commissioner comments on syndicated conservation easement guilty pleas Webinars: Archived videos available on the IRS Video Portal Technical Guidance 1. News from the Justice Department’s Tax Division: IRS Commissioner comments on syndicated conservation easement guilty pleas Stein Agee of Canton, Ga., and Corey Agee… Read More »
USA IRS : Final Extension of Temporary Relief for Fuel Removals Destined for Nontaxable Use Due to West Shore Pipeline Shutdown
N-21-04: Final Extension of Temporary Relief for Fuel Removals Destined for Nontaxable Use Due to West Shore Pipeline Shutdown Notice 2021-04 provides the final extension of the temporary dyed fuel relief provided in section 3.02 of Notice 2017-30, 2017-21 I.R.B. 1248. The temporary relief was extended through December 31, 2018, by section 3 of Notice 2018-39,… Read More »
USA IRS : Relief from Physical Presence Requirement for Spousal Consents Under Qualified Retirement Plans
N-21-03: Extension of Temporary Relief from the Physical Presence Requirement for Spousal Consents Under Qualified Retirement Plans In response to the continuing public health emergency caused by the Coronavirus Disease 2019 (COVID-19) pandemic, Notice 2021-03 extends from January 1, 2021, through June 30, 2021, the temporary relief provided in Notice 2020-42, 2020-26 I.R.B. 986, from the physical… Read More »
USA IRS issues standard mileage rates for 2021
IRS issues standard mileage rates for 2021 WASHINGTON — The Internal Revenue Service on 22.12.2020 issued the 2021 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2021, the standard mileage rates for the use of a car (also vans,… Read More »
New GST Rule for Cancellation of Registration by GST Officer : Rule 21 CGST Rules
New GST Rule for Cancellation of Registration Notification No. 94 /2020 – Central Tax : CGST (Fourteenth Amendment) Rules, 2020. In the said rules, in rule 21,- (a) in clause (b), after the words “goods or services”, the words “or both” shall be inserted; (b) after clause (d), the following clauses shall be inserted, namely:-… Read More »
New Rule 86B of CGST Rules 2017 :Restrictions on use of amount available in electronic credit ledger
Restrictions on use of amount available in electronic credit ledger Notification No. 94 /2020 – Central Tax : CGST (Fourteenth Amendment) Rules, 2020. inserted Rules 86B of CGST Rules 2017 In the said rules, after rule 86A, with effect from the 1st day of January, 2021, the following rule shall be inserted, namely: – “86B.… Read More »
Rule 36(4) of CGST Rules only 5% ITC can be claimed if supplier not filed return
Claim Provisional ITC in GSTR 3B Amendment in Rule 36(4) As per the prevailing norms, you could claim a credit of up to 110% of the eligible ITC reflected in GSTR 2A in GSTR 3B, which has now been reduced to 105% w.e.f 01.01.2021 Not only this, but it is also necessary for the supplier… Read More »
Notification No. 94 /2020 – Central Tax : CGST (Fourteenth Amendment) Rules, 2020.
Seeks to make the Fourteenth amendment (2020) to the CGST Rules.2017 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 94 /2020 – Central Tax New Delhi, the 22nd December, 2020… Read More »