Reversal of ITC for Real Estate Developers

The 34th GST Council held on 19 March 2019, announced the modalities for the lower effective GST rate for Real Estate Sector. The slashed GST rate i.e. 1% in case

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Procedural Aspects of Sabka Vishwas (LDRS) Scheme

What is Sabka Vishwas – Legacy Dispute Resolution Scheme? Sabka Vishwas (LDRS) Scheme, 2019, a dispute resolution and amnesty scheme under GST, shall come into force from September 1, 2019.

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Sabka Vishwas – Legacy Dispute Resolution Scheme (LDRS)

Update 2nd September 2019: The Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019,(SVLDRS) application has been made available online from 1-9-19. The declaration under Section 125 of the Finance (No. 2)

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Composition Form CMP 08 – All you need to know!

April 2019, CBIC introduces form CMP 08 for the composite dealers in India. Form CMP 08 (Replacing form GSTR 4) is a quarterly return form and will be applicable from

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CBIC vide Circular No. 105/24/2019-GST dated June 28, 2019, has clarified that the treatment of tax in cases of secondary discounts or post-sales discount under GST regimes for the purpose of determination

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Notifications for Key Decisions of 35th GST Council Meeting (Dated 28 June 19)

The Government has issued various notifications, Order and Circulars for implementing the decisions taken in the 35th meeting of the GST Council. Please find below the key highlights of notifications

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Reverse Charge, TDS and TCS Provisions get Deferred for another 3 Months

The provisions related to tax deducted at source (TDS), tax collected at source (TCS) and reverse charge mechanism under GST have been deferred for another three months till Sept 30,

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Introduction of Manual Checks in IGST Refunds

In a bid to minimize tax fraud using bogus bills, the Central Board of Indirect Tax and Customs (CBIC) introduced “Manual check” for its Customs and GST formation before the

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ACES Functionality Migrated and Integrated to CBIC-GST Portal

ACES or Automation of Central Excise and Service Tax is a centralised, web-based software that allows a user to automate the processes of Central Excise (CE) and Service Tax (ST)

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September 2019 GST Compliance Calendar

I just blinked an eye, and we are here in the month of half-yearly closing! September; the month we all have been preparing for, since past many days, and the

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Important GST Notifications Issued on 23rd April 2019

Non-filers of GST returns would not be able to generate e-way bills From 21St day of June,2019. Rule 138E – Restriction on furnishing of information in PART A of FORM

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11 Updates on GST Portal You should be Aware of

In recent few months on GST portal, many new features have been updated to help taxpayers while transacting through GSTN for return filing or for reconciliation between two returns etc.

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