"15 October 2020" Archive

GST Update and Deadlines | 15th October 2020

Taxpayers shall reconcile the ITC availed in their FORM GSTR-3Bs for the period February, 2020 to August, 2020 with the details of invoices uploaded by their suppliers of the said months, till the due date of furnishing FORM GSTR-1 for the month of September, 2020....

Read More

All about Form GST REG-07

Form GST REG-07 is an application form to be filed by the TDS deductor/ TCS collector willing to obtain Goods and Services Tax (GST) registration. As per rule 12(1) of the Central Goods and Services Tax Rules, 2017, a person liable to deduct TDS as per section 51 or person liable to collect TCS as […]...

Read More

GST Audit relaxation to SMEs to continue in FY 2019-20

Notification No. 79/2020-Central Tax/G.S.R. 639(E) (15/10/2020)

For the financial year 2018-2019 and 2019-2020, every registered person whose aggregate turnover exceeds five crore rupees shall get his accounts audited as specified under sub-section (5) of section 35 and he shall furnish a copy of audited annual accounts and a reconciliation statement, duly certified, in FORM GSTR-9C for the said finan...

Read More

HSN Code Mandatory irrespective of Turnover from 01.04.2021

Notification No. 78/2020-Central Tax/G.S.R. 638(E) (15/10/2020)

With effect 01st April 2021 CBIC notifies that a dealer registered under GST has to mention 4 digit of Harmonised System of Nomenclature Code (HSN Code) if his Aggregate Turnover in the preceding Financial Year is up to rupees five crores and he has to mention 6 Digit of HSN Code if Turnover in the […]...

Read More

Optional annual GST return filing benefit extended to FY 2019-20

Notification No. 77/2020-Central Tax/G.S.R. 637(E) (15/10/2020)

CBIC vide Notification No. 77/2020 – Central Tax dated 15-10-2020 extends benefit of optional filing of annual return for registered persons whose aggregate turnover in a financial year does not exceed Rs 2 crore, for FY 2019-20 as well. The benefit was already there for Financial Year 2017-18 and 2018-19. This means that such taxpayers...

Read More

CBIC notifies GSTR-3B due date for October 2020 to March 2021

Notification No. 76/2020-Central Tax/G.S.R. 636(E) (15/10/2020)

Due dates of filing of GSTR-3B for the period October, 2020 to March,2021 have been notified vide Notification No. 76/2020 – Central Tax, all dated 15-10-2020. Ministry of Finance (Department of Revenue) (Central Board of Indirect Taxes And Customs) New Delhi, Notification No. 76/2020 – Central Tax Dated: 15th October, 2020 G.S.R. 636...

Read More

CBIC notifies GSTR-1 due date for dealers with T.O. exceeding ₹ 1.5 Cr

Notification No. 75/2020-Central Tax/G.S.R. 635(E) (15/10/2020)

Due dates of filing of GSTR-1 for the registered persons having aggregate turnover Exceeding Rs. 1.5 crore rupees in the preceding financial year or the current financial year for the period October, 2020 to March,2021 have been notified vide Notification No. 75/2020 – Central Tax Dated: 15th October, 2020. Ministry of Finance (Departme...

Read More

CBIC notifies GSTR-1 due date for dealers with T.O. < Rs. 1.5 Cr

Notification No. 74/2020-Central Tax/G.S.R. 634(E) (15/10/2020)

Due dates of filing of GSTR-1 for the registered persons having aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year for the period October, 2020 to March,2021 have been notified vide Notification No. 74/2020 – Central Tax Dated: 15th October, 2020. Ministry of Finance (Department of...

Read More

HSN Code on GST Tax Invoice Mandatory wef 01st April 2021

Notification 06/2020–Integrated Tax/G.S.R. 640(E). (15/10/2020)

Notification 06/2020–Integrated Tax dated 15.10.2020- This notification mandates a registered person to mention the HSN Code for the all products sold the HSN Digits to be mentioned are as under. The only exemption is given to the registered persons having turnover less than 5 Crores is that they need not mention the HSN code in the...

Read More

Income Tax Department carries out searches in Delhi, NCR & Haryana

Release ID: 1664884 (15/10/2020)

Ministry of Finance Income Tax Department carries out searches in Delhi, NCR and Haryana Posted On: 15 OCT 2020 The Income Tax Department has carried out a search and seizure action on 14.10.2020 in the case of a leading advocate practicing in the field of commercial arbitration and alternate dispute resolution. He was suspected to [&hell...

Read More

Search Posts by Date

October 2020
M T W T F S S
 1234
567891011
12131415161718
19202122232425
262728293031