217 ViewsRules Notified vide Notification No. 3 /2017-Central Tax (Dated 19th June 2017) and further as amended by Notification No. 7/2017-Central Tax (Dated 27th June 2017), Notification No. 10/2017-Central Tax (Dated 28th June 2017), Notification No. 15/2017-Central Tax (Dated 1st July 2017), Notification No. 17/2017-Central Tax (Dated 27th July 2017), Notification No. 22/2017-Central Tax (Dated […]
20% ITC Computation Excel Tool
2,911 Views Circular No. 123/42/2019-GST dated November 11, 2019 clarifying restrictions on availment of Input Tax Credit (ITC) in terms of Rule 36(4) of CGST Rules, 2017 issued. Excel tool
9 Important Points of 20% ITC Under GST of rule 36(4)
574 ViewsAs per circular 123/42/2019 1.IGST paid on Imports (goods & Services ) -Restriction does not apply 2.ITC availed under RCM – Restriction does not apply. 3. Credits received from ISD – Restriction does not apply. 4.Restriction shall not apply for each supplier but shall be on consolidated value. 5. The taxpayer may have to ascertain the […]
Seeks to bring Section 103 of the Finance (No. 2) Act, 2019 in to force.
257 Views[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 39/2019 – Central Tax New Delhi, the 31st August, 2019 G.S.R. ….(E).— In exercise of the powers conferred by sub-section (2) […]
Requesting to extend due date of GSTR 9 and GSTR 9C by The Institute of Cost Accountants of India
505 ViewsRef No: ICAI/IDTC/GST_RET/2019 Date: 21/08/2019 Shri Pranab Kumar Das,IRS Chairman Central Board of Indirect Taxes & Customs New Delhi Subject: Requesting to extend due date of GSTR 9 and GSTR 9C Respected Sir, The Institute would like to draw the kind attention that the due date to file GSTR – 9 and GSTR – […]
Insertion of new section 31A. Facility of digital payment to recipient in CGST act
767 ViewsAfter section 31 of the Central Goods and Services Tax Act, the following section shall be inserted, namely:–– “31A. The Government may, on the recommendations of the Council, prescribe a class of registered persons who shall provide prescribed modes of electronic payment to the recipient of supply of goods or services or both made […]
Transfer of GST ITC to newly Registered entities
402 Views“Rule 41A. Transfer of credit on obtaining separate registration for multiple places of business within a State or Union territory.- (1) A registered person who has obtained separate registration for multiple places of business in accordance with the provisions of rule 11 and who intends to transfer, either wholly or partly, the unutilised input […]
1st CGST Rules Amendment 2019
449 ViewsGovernment of India Ministry of Finance (Department of Revenue) [Central Board of Indirect Taxes and Customs] Notification No. 03/2019 – Central Tax New Delhi, the 29th January, 2019 G.S.R……(E). – In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government […]
Central Goods and Services Tax (CGST) Rules,2017 up to 4.09.2018
166 ViewsNotified vide Notification No. 3 /2017-Central Tax (Dated 19th June 2017) and further as amended by Notification No. 7/2017-Central Tax (Dated 27th June 2017), Notification No. 10/2017-Central Tax(Dated 28th June 2017), Notification No. 15/2017-Central Tax (Dated 1st July 2017), Notification No.17/2017-Central Tax (Dated 27th July 2017), Notification No. 22/2017-Central Tax (Dated 17th August 2017), […]