gst-notifications-updates

LATEST GST UPDATES DURING THE PERIOD OF 01.06.2020 TO 15.06.2020

LATEST GST UPDATES by CMA DEEPA DURING THE PERIOD OF 01.06.2020 TO 15.06.2020 FILLING GSTR-3B THROUGH SMS (Notification 44/2020 date 08.06.2020-Central Tax) TAX PERIOD TO TRANSFER  ITC FOR PERSON REGISTERED IN UNION TERRITORY (Notification No. 45/2020-date 09.06.2020-Central Tax w.e.f 31.05.2020) The transition procedure prescribed by CBIC to ascertain tax period, to transfer ITC and taxes

Applicability of GST on De-escalation

Applicability of GST on De-escalation clause and on recovery of security deposit amount as per the contract

Applicability of GST on De-escalation clause and on recovery of security deposit amount as per the contract 1.0 FACTS OF THE CASE  1.1 In an ongoing business, especially when dealing with contract, contract price revision is very common. Many contracts often have an escalation clause which permits the seller to increase the contract value when

gstr 9

Deadline for filling GST Return

Filling GST Return l GST Notification l The Supreme Court has given clarification regarding the deadline for submitting GST annual return forms GSTR 9 and GSTR 9C. GSTR 9 is an annual return form for all assesses (except composition) while GSTR 9C is an audit report to be submitted by assesses with annual turnover of