43rd GST COUNCIL MEETING AT A GLANCE 1. COVID RELIEF ITEMS : No IGST shall be charged on certain items like medical oxygen, oxygen storage, medical . . . equipment, test kits, vaccines etc. till 31.08.2021. ↓ FM has also constituted a group of ministers (GOM) who will decide other COVID related individual items. Also […]
Can buyer claim ITC if supplier has not paid his tax ??? ⇓ As per Section 16(2)(c) of CGST Act, the recipient of goods and services can avail ITC only if supplier has deposited the tax with government either in cash or through utilisation of input tax credit. ⇓ After reading this section we can […]
New Notifications in GST (Notification No. 81/2020 to Notification No. 88/2020-Central Taxes) TABLE OF CONTENTS: Notification No. Content 81/2020 Regarding Amendment in Sec. 39 82/2020 Regarding New Rules 83/2020 Due Dates of GSTR -1 84/2020 Options for GSTR – 1 85/2020 Procedure for GSTR – 3B 86/2020 Regarding an earlier notification 87/2020 Regarding Form ITC […]
