"12 September 2020" Archive

Permit availment of ITC under GST pertaining to FY 2019-20: ICAI

Request for permitting availment of input tax credit under GST pertaining to Financial Year 2019-20 and correction in GSTR- 1 till March, 2021. Institute of Charted Accountant of India ICAI/IDTC/2020-21/Rep/16 10th September, 2020 Shri S.K Rahman Joint Secretary, Goods and Services Tax Council, 56′ Floor, Tower II, Jeevan Bharti Bui...

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Request to devise mechanism to receive part payment of GST

It is suggested to devise a mechanism for receiving part payment of taxes till the industry recover and stabilises from the effect of Covid-19, which could be a win-win situation for both the Government, as they will receive early payment of taxes and at the same time taxpayers will not be required to pay interest on the part payment made...

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Representation on difficulties in filing GSTR 9 for 2018-19

Considering that filing of Annual Return for registered persons having turnover upto 2 crore for the financial years 2017-18 and 2018-19 is optional. We request that software be accordingly modified allowing the taxpayers to file their Annual Return for financial year 2018-19, if they so wish, even if they have not filed their Annual Retu...

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Extend due dates of filing GST Annual return & Audit Report

Extension of Annual returns in Form GSTR 9 and GSTR 9A along with GST Audit Certificate in GSTR 9C from September 30, 2020 to December 31, 2020...

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GST under RCM on salary to Directors- AAR allowed application withdrawal

In re Man Structurals (P) Ltd. (GST AAR Rajasthan)

In re Man Structurals (P) Ltd. (GST AAR Rajasthan) Whether GST is payable under Reverse Charge Mechanism (RCM) the salary paid to Directors of the company who is paid salary as per employment contract? We observe that Shri Madhu Sudan Sharma, authorized representative of the applicant, submitted a letter dated 29.06.2020 addressed to this...

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GST on Tour Operator services to Main Tour Operator

In re Crown Tours & Travelers (GST AAR Rajasthan)

In re Crown Tours & Travelers (GST AAR Rajasthan) Whether the rate of 5% under heading 9985(i) is applicable on transaction which the Applicant intents to undertake wherein a single invoice is raised in respect of all the services i.e. local transportation services along-with services like sightseeing, tour guide, elephant ride etc., ...

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ITC restriction against diagnostic or investigative services

In re Siddalingappa Palalochana Rakshit (Bangalore Medical System) (GST AAR Karnataka)

In re Siddalingappa Palalochana Rakshit (Bangalore Medical System) (GST AAR Karnataka) In the instant case the applicant established a medical diagnostic laboratory to carry out diagnostic or investigative services of diseases. Thus the applicant qualifies to be a clinical establishment. It is clear, from the foregoing, that the services ...

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Draft GST Appeal in case of Fake Invoice Case with detailed submission

Article gives format of Draft GST Appeal to Appellate Authority in case of Fake Invoice Case. Format includes Format of Form GST APL – 01 with detailed submission. Form GST APL – 01 [See Rule 108(1)]  Appeal to Appellate Authority   1. GSTIN/TEMPORARY ID/UIN XXXXX 2. Legal name of the appellant XXXXX  3. TRADE NAME, IF [&h...

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Relaxation of Additional Fees for filing CRA-4 for F.Y 2019-20

General Circular No.29/20

MCA vide its General Circular 29/2020 dated September 10, 2020 has granted relaxation in respect to filing CRA-4 a2 Months Extension for Furnishing of CRA-3 : As per Rule 6(5) of Companies (Cost Record and Audit) Rules, 2014 “Every cost auditor shall forward his duly signed report to the Board of Directors of the company […]...

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GST applicability on GTA – In simple terms

Mere transportation of goods by road, unless it is a service rendered by GTA, is exempt from GST vide Sl no 18 of Notification No: 12/2017-Central Tax (Rate), dated 28.06.2017. The law recognises that pure transportation of goods services are mostly provided by persons in the unorganised sector (by Individual truck/tempo operators who do ...

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January 2021