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Article on “TCS on Sales of Goods w.e.f. 1st October 2020” by CMA Ashok Nawal, Founder , Bizsolindia Services Pvt. Ltd. ( October 2020)

After the introduction of GST, number of cases were noticed that some suppliers do not file the returns even though they have not opted for composition scheme or below threshold limit. They do not upload their transactions in the form of GSTR-1 and do not pay the tax thereon, full or partly and there was …

Article on “TCS on Sales of Goods w.e.f. 1st October 2020” by CMA Ashok Nawal, Founder , Bizsolindia Services Pvt. Ltd. ( October 2020) Read More »

GST: Recovery interest on net cash tax liability w.e.f. 01.07.2017: CBIC F. No. CBEC- 20/01/08/2019-GST (21.09.2020)

GST: Recovery interest on net cash tax liability w.e.f. 01.07.2017: CBIC  F.No. CBEC- 20/01/08/2019-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing Room No. 159A, North Block, New Delhi, Dated: 18th September, 2020 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax …

GST: Recovery interest on net cash tax liability w.e.f. 01.07.2017: CBIC F. No. CBEC- 20/01/08/2019-GST (21.09.2020) Read More »

The Central Board of Indirect Tax & Customs has decided to roll out faceless assessment at an all India level (05.09.2020)

The Central Board of Indirect Taxes and Customs has decided to roll out the faceless assessment at an all India level in all ports of import and for all imported goods by Oct 31.This includes faceless or anonymized assessment, self-registration of goods by importers, automated clearances of bills of entry, digitization of Customs documents.  

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