"04 May 2021" Archive - Page 6

GST Relaxation Measures: The Demand of Industry Finally Heard

The Central Government with an intent to provide relief to the taxpayers to a certain extent has issued the below set of notifications granting relief in the form of waiver of interest, late fee, extension of various GST compliances etc. The below table captures a gist of the notifications: Notification No Details of the notification [&he...

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Recipients Obliged to Reverse ITC if Suppliers not pay GST?

Will Recipients Be Obliged to Reverse ITC In Case Suppliers Do Not Pay their taxes: Critical Provisions for Denial of ITC Mismatch The following are the provisions for conditions for taking ITC and matching ITC – 1. As per Section 16(2)(c) of CGST Act, ITC shall be claimed only in case, the tax charged in […]...

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Certificate format for imports of certain COVID-19 relief material without IGST

Public Notice No - 42/2021 04/05/2021

Certificate for AD hoc Exemption No. 04/2021-Customs valid ON 30.06.2021 from IGST on imports of certain COVID-19 relief material authorized by State Governments subject to specified conditions...

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