GST on Discounts : CBIC Clarification Relevant Circulars on Valuation Circular No 105/24/2019 GST Dated 28.06.2019 : Treatment of secondary or post-sales discounts under GST How to do valuation if Service of Car involve supply of goods and services : Circular No 47/21/2018 GST Dated 08.06.2018 How component manufacturer will do valuation if Free of Cost Supplies… Read More »
GST on Penal Interest : CBIC clarification Summary The CBIC has clarified that any interest (or late fee or penalty) for delayed payment of any consideration charged by the supplier shall be included in the value of supply for he payment of GST. The interest component shall be considered for valuation purpose even if a… Read More »
New Return for GST Composition Scheme Notified : GSTR 4 Rule 138E CGST Rules 2017 : Changed by Notification No 31/2019 Central Tax Dated 28.06.2019 Composition dealers and suppliers claiming the benefit of 6% presumptive taxation scheme under Notification number 02/2019-Central Tax (Rate), dated 07-03-2019 shall not be allowed to generate e-way bill if return… Read More »
E way Bill Extension after Expiry Allowed : New Rule Notified : Good news Summary Before Amendment 28.06.2019 : The validity of an e-way bill can be extended before it gets expired and once it expires it cannot be revived. After Amendment from 28.06.2019 A proviso has been inserted which enables the generator to… Read More »
GST Audit Plan for 2019-20 INDIRECT TAXES C.R. BUILDING, I.P. ESTATE NEW DELHI -110109 Ph. 011-23370075 Email: dg.audit-cbec@nic.in F. No. 381/49/2019 Dated: 25/06/2019 To The Principal Chief Commissioners/Chief Commissioners of GST and Central Excise (All). Madam/Sir, Subject: Audit Plan for the year 2019 – 20 – reg *********** Kind attention is invited to this Directorate… Read More »
New GST Return Key Features खास बातें नई जीएसटी रिटर्न फाइलिंग Related Post New GST Return Filing for Small and Large Taxpayers : Transition Plan New GST Return Filing VS Old Return Filing Process : Difference New GST Return Plan by CBIC announced on 11.06.2019 New GST Matching Tool & Anx 2 for Filing GST… Read More »
GSTR 9C update on GST Portal
Reply for General Penalty Proceedings u/s 125 To be released Shortly 1. When can a General Penalty be imposed on a taxable person? General Penalty can be imposed on a taxable person when he/she contravenes any of provisions of Section 125 of CGST/ SGST Act or any rules made thereunder, for which no… Read More »
GST Accounts and Records FAQs : Part 1: by TaxHeal Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars GST Judgments GST Judgments GST Press Release GST… Read More »
GSTR 3B Late fees Changes from 1st April 2019 जीएसटी लेट फीस में बदलाव Related Post GSTR 3B due Dat3B Offline Utility : Download GSTRe What is the late Fees for not filing GSTR 3B on due dates ? Penalty for Delayed filing of GSTR 3B Return : CBIC Clarified Circular No 89/08/2019 GST :… Read More »