Circulars- Central Tax

CBIC clarifies on manner of calculation of interest & Late Fees

Circular No.141/11/2020-GST (24/06/2020)

CBIC clarified on Manner of calculation of interest for taxpayers having aggregate turnover above Rs. 5 Cr., Manner of calculation of interest for taxpayers having aggregate turnover below Rs. 5 Cr. and Manner of calculation of late fee vide Circular No. 141/11/2020-GST Dated 24th June, 2020. Circular No. 141/11/2020-GST CBEC-20/06/04-202...

Read More

GST on Director’s remuneration – CBIC clarifies

Circular No: 140/10/2020 - GST (10/06/2020)

CBIC clarifies on  Leviability of GST on remuneration paid by companies to the independent directors or  those directors who are not the employee of the said company  and Leviability of GST on remuneration paid by companies to the directors, who are also an  employee of the said company Vide Circular No: 140/10/2020 – GST Dated ...

Read More

GST Refund of accumulated ITC for invoices not reflected in GSTR-2A

Circular No. 139/09/2020-GST (10/06/2020)

CBIC clarifies that Circular No. 135/05/2020­GST dated 31st March, 2020 does not in any way impact the refund of ITC availed on the invoices / documents relating to imports, ISD invoices and the inward supplies liable to Reverse Charge (RCM supplies) etc.. It is hereby clarified that the treatment of refund of such ITC relating to [&hel...

Read More

GST implementation issues- CBIC issues 3rd Clarification

Circular No. 138/08/2020-GST (06/06/2020)

It has been represented that the IRP/RP are facing difficulty in obtaining registrations during the period of the lockdown and have requested to increase the time for obtaining registration from the present 30 days limit....

Read More

Challenges in implementation of GST provisions – CBIC clarifies

Circular No. 137/07/2020-GST (13/04/2020)

CBIC vide Circular No. 137/07/2020-GST has clarified on GST refund if GST has been paid but subsequently Service contract cancelled or goods supplied been returned, Date of TCS Payment, Submission Date of LUT for Financial Year 2020-21, Application for such refund of GST for which two years were expiring on 31.03.2020 etc. Circular No. 13...

Read More

CBIC Clarifies GST Return due date extension and related issues

Circular No. 136/06/2020-GST (03/04/2020)

CBIC Clarification in respect of various measures announced by the Government for providing relief to the GST taxpayers in view of spread of Novel Corona Virus (COVID-19) vide Circular No. 136/06/2020-GST dated 3rd April, 2020. Circular No. 136/06/2020-GST CBEC-20/06/04-2020 -GST Government of India Ministry of Finance Department of Reven...

Read More

CBIC Clarification on GST refund related issues

Circular No. 135/05/2020-GST (31/03/2020)

CBIC vide Circular No. 135/05/2020 – GST dated 31st March, 2020 issued Clarification on GST refund related issues which includes Bunching of refund claims across Financial Years, Refund of accumulated input tax credit (ITC) on account of reduction in GST Rate, Change in manner of refund of tax paid on supplies other than zero rated ...

Read More

Clarification on issues under GST for companies under IBC, 2016

Circular No. 134/04/2020-GST (23/03/2020)

CBIC issues Clarification in respect of issues under GST law for companies under Insolvency and Bankruptcy Code, 2016 vide Circular No. 134/04/2020-GST Dated-23rd March, 2020. Circular No. 134/04/2020-GST CBEC-20/16/12 /2020 -GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST ...

Read More

Apportionment of ITC in cases of business reorganization

Circular No.133/03/2020-GST (23/03/2020)

Clarification in respect of apportionment of input tax credit (ITC) in cases of business reorganization under section 18 (3) of CGST Act read with rule 41(1) of CGST Rules vide Circular No.133/03/2020-GST Dated : Circular No.133/03/2020-GST F.No. CBEC-20/06/13/2019-GST Government of India Ministry of Finance Department of Revenue Central ...

Read More

GST Appeal in regard to non-constitution of Appellate Tribunal

Circular No. 132/2/2020 - GST (18/03/2020)

Doubts have been raised across the field formations in respect of the appropriate procedure to be followed in absence of appellate tribunal for appeal to be made under section 112 of the Central Goods and Services Tax Act, 2017...

Read More

Browse All Categories

CA, CS, CMA (4,867)
Company Law (6,341)
Custom Duty (7,854)
DGFT (4,266)
Excise Duty (4,379)
Fema / RBI (4,287)
Finance (4,528)
Income Tax (33,875)
SEBI (3,593)
Service Tax (3,577)