Post the recent amendment in GSTR-3B, the government has issued one letter seeking public comments on further amendment in GSTR-3B. To read proposed changes in GSTR-3B Please Click Here
Know Your Rights & Obligations During Investigation Under GST Law
RBI RBI has allowed export & import of goods / services in INR. This is first step towards making INR are freely convertible currency
Customs: To catch hold main persons of behind illegal import or exports of specified goods like narcotic drugs, psychotropic substances, precursor chemicals, controlled substances or their substituents, Gold, Silver, precious – semi precious stones, liquor, currency etc, the customs officers are authorised to put controlled delivery of such consignment. The customs officer can put tracking …
Customs: CBIC notified Controlled Delivery (Customs) Regulations, 2022 (14.07.2022) Read More »
GST: GST Tax rate notification for change in tax rates effective from 18th July 2022 has been issues. Please refer our last week’s update or this weeks update to be released coming Friday for the details.
Please Click here for Registration
Bizsol Update for the month July 2022: Article on ‘First Step to cover Healthcare Services under GST…!’ by CA Manoj Malpani, Sr. Principal Advisor, Bizsolindia Services Pvt. Ltd. Article on ‘Know you rights and obligations during investigation under GST Law’ by CA Manoj Malpani & Adv. Kiran Sawale, Bizsolindia Services Pvt. Ltd. Changes in GST, …
GST: Certain amendments are made in FORM GSTR-3B and Form GSTR-9. [Notification – No.14/2022–Central Tax dated 05.07.2022]
GST: Rule 88B has been inserted detailing the manner in which the interest to be computed on delayed payment of tax. [Notification – No.14/2022–Central Tax dated 05.07.2022]
GST: Provision & modalities for transfer of cash deposit under the head of interest / penalty to CGST / SGST / IGST has been notified. [Notification – No.14/2022–Central Tax dated 05.07.2022]
GST: Provision for payment of through UPI & IMPS is made in CGST Rules. 2017. [Notification – No.14/2022–Central Tax dated 05.07.2022]
GST: Post filing of the GST returns, the GST return suspension will be deemed to be revoked. [Notification – No.14/2022–Central Tax dated 05.07.2022]
GST: No need for reversal of ITC on account of tax-free sale of MEIS / SEIS by exporter. Accordingly, Rule 43 has been amended to exclude the value of such sale. [Notification – No.14/2022–Central Tax dated 05.07.2022]
GST: The time limit for issuance of demand under Section 73 for the period 2017-18 upto 30th September 2023. In other words, the demands for the period 2017-18 can be issued up to 30th September 2023. [Notification – No.13/2022–Central Tax dated 05.07.2022]
GST: Late fees waived for delay in filing FORM GSTR-4 for FY 2021-22. The revised due date is 28th July 2022. [Notification – No.12/2022–Central Tax dated 05.07.2022]
GST: The due date of furnishing FORM GST CMP-08 for the quarter ending June, 2022 has been extended till 31.07.2022. [Notification – No.11/2022–Central Tax dated 05.07.2022]
GST: Taxpayers having AATO upto Rs. 2 crores will be exempt from the requirement of furnishing annual return for FY 2021-22. [Notification – No.10/2022–Central Tax dated 05.07.2022]
GST: The amendment w.r.t. applicability of interest of if wrong input tax credit is utilised. The provision will be effective from 1st July 2017. [Notification – No.09/2022–Central Tax dated 05.07.2022]
Goods and services tax (GST) collections for the month of April 2022 rose almost 20% to reach record high of Rs 1.68 Lakhs crores. This growth in GST collection is due to increase in economic activity coupled with tighter regulations under GST. GST collections have been consistently higher than the GDP growth rate in recent …
The recent GST council meeting decisions are in news for many wrong reasons. Though it has taken some good decisions in this meeting but some of the decision like bringing in pre-packaged food grains under the GST ambit, bringing hospital room rent under the GST. The later is making lot of noise for all the …
