If the Registered person / eligible taxpayer wishes to opt for Composition Scheme under GST, then it can be done online in common portal by filing Form CMP-02 before 31st March of the financial year.
Stay on top of your GST compliance with our comprehensive monthly calendar for June 2023. Get the due dates and filing deadlines for GSTR-7, GSTR-8, GSTR-1, GSTR-1: IFF, GSTR-5, GSTR-6, CMP-08, GSTR-5A, GSTR-3B, GSTR-11, and more.
Stay updated with recent GST changes in March 2023. Learn about GST portal enhancements, e-invoicing updates, and recent case laws affecting taxpayers. Plus, don’t miss the compliance calendar for March 2023.
Stay up to date with the latest GST updates for the month of May 2022. Learn about changes in GSTR-1 and Annual Aggregate Turnover computation.
1. Latest updates by way of Notifications issued ♦ Notification No. 29/2021- Central Tax dated 30.07.2021 [Omission of Section 35(5) of the GST Act i.e. GST Audit and Substitution of Section 44 – by inserting Self-Certified Reconciliation Statement] The said notification omitted Section 35(5) of the GST Act i.e. GST Audit to be done away […]
Electricity or Electrical Energy is one of the major source of revenue for the state governments as it comes under the state list of the Constitution wherein they are collecting electricity charges from the customers.
As per section 9 of the MMDR Act 1957, the holder of a mining lease granted before or after the commencement of this Act shall pay royalty in respect of any minerals removed or consumed from the leased area. Various activities of mining were earlier chargeable to service tax.
Compulsory Registration for ECO – As per section 24(x) of the CGST Act 2017, every electronic commerce operator (ECO) who is required to collect tax at source under section 52 would have to be compulsorily registered under GST. Every ECO is required to obtain GST registration in each state if it has suppliers in different states.
Service Tax on Legal Consultancy service was introduced on 01.09.2009 by the Finance (No. 2) Act 2009. The concept of reverse charge was introduced in the erstwhile service tax regime w.e.f. 01.07.2012 wherein the tax has been paid by the recipient on the services received. Now, this concept has also been incorporated under GST wherein […]
GST RELIEF MEASURES PROVIDED BY THE GOVERNMENT IN VIEW OF COVID-19 OUTBREAK- Whether Sufficient relief provided As we know that due to Corona virus outbreak in the whole world, the world economy has been paralysed including India. Hence, to mitigate the losses to the business in our country, our Finance Minister has taken several measures. […]
