Clarification on GST refund related issues

236 ViewsCircular No.135/05/2020 – GST CBEC-20/01/06/2019-GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing New Delhi, Dated the 31st March, 2020 To,The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All)The Principal Director Generals/ Director Generals (All)Madam/Sir, Subject: Clarification on refund related issues – Reg. Various representations have […]

Finance Ministry issues Taxation and other Laws (Relaxation of Certain Provisions) Ordinance, 2020 today

529 ViewsMinistry of Finance In order to give effect to the announcements made by the Union Finance Minister vide Press Release dated 24.03.2020, regarding several relief measures relating to statutory and regulatory compliance matters across sectors in view of COVID-19 outbreak, the govt has brought in an Ordinance on 31.03.2020 which provides for extension of various time […]

39th GST Council Meeting | Changes in Law & procedure

245 ViewsMinistry of Finance Recommendations of GST council related to law & procedure The 39th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman here today  . The meeting was also attended by Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides  Finance Ministers of […]

39th GST Council |Changes in GST rates on supply of goods and services

222 ViewsMinistry of Finance Recommendations of GST council related to changes in GST rates on supply of goods and services The 39th GST Council met under the Chairmanship of Union Finance & Corporate Affairs Minister Smt Nirmala Sitharaman here today  . The meeting was also attended by Union Minister of State for Finance & Corporate Affairs […]

Accounting and Billing Software Providers can enrol with GSTN to receive regular updates on e-invoice

255 ViewsThe GST Council has approved introduction of ‘e-invoicing’ or ‘electronic invoicing’ in a phased manner for reporting of Business to Business (B2B) invoices to GST System. An e-invoice standard has been finalized after consultation with trade/industry bodies as well as ICAI. Adoption of this new standard ensures complete inter-operability of e-invoices across the entire […]

Launch of Paperless Licensing process for Petroleum Road Tankers to provide ease of doing business

277 ViewsMinistry of Commerce & Industry Boost to Digital India Campaign Championing the cause of Digitisation and Modernisation Move to Curb Red Tapism and Bureaucratic Hurdle with faster response time In line with the vision of Prime Minister, Narendra Modi’s Digital India and Ease of Doing Business, the Department for Promotion of Industry and Internal […]

2nd National GST Conference held for streamlining GST system

1,024 ViewsMinistry of Finance The 2nd National GST Conference of the Commissioners of State Tax and Chief Commissioners of Central Tax was held here today under the chairmanship of Dr Ajay Bhushan Pandey, Revenue Secretary, Ministry of Finance. The multi-faceted Conference was focused on brainstorming session for streamlining Goods and Services Tax (GST) system and plugging […]