1. E Way Bill With the amendment by Finance Act 2021, Under Section 129 of the CGST Act under detention, seizure, and release of goods and conveyance in transit, the penalty applicable will be 200% of the tax payable. 2. Obtain or Renew of Letter of Undertaking for FY 2021-22 A registered person who wants to Export or Supply to SEZ units without payment of tax may apply for the LUT for the F.Y.......

Time limit for system-based GST Registration increased 1. The time for system-based registration has been enhanced from 3 days to 7 days. That means, now department shall be required to review and grant registration within 7 days against 3 days as provided earlier from the date of filing of registration application. Where the applicant does not do adhaar authentication or where department fee......

Notification No. 62/2020 dated 20/08/2020  GST– CGST Rules 2017 are amended vide notification no. 62/2020 dated 20th August 2020. Rule 8, 9 & 25 of CGST rules 2017 amended with effect from 21st August 20 which are about: Rule 8: Application for GST registration Rule-9: Verification of application and Approval of Registration Rule 25: Physical verification of business premises ......

Form PAS-6 shall be available for filing as eForm w.e.f 15th July 2020. Stakeholders may please take note and plan accordingly.What is Form PAS-6 ?It is a Reconciliation of Share Capital Audit Report on half - yearly basis)*    Pursuant to Rule 8 of Rule 9A of Companies (Prospectus and Allotment of Securities) Rules, 2014 as amended vide Companies (Prospectus and Allotment of Securitie......

In order to Compliance easier for the taxpayer, the Government allowed filing of NIL GST Return i.e. GSTR-3B through SMS. This would be benefit for the taxpayer whose liability is NIL, now they can file return through SMS instead of log in to their account on common portal then file the return every month. Filing of Form GSTR-3B is mandatory for all normal and casual taxpayers, even if there is n......

(PURSUANT TO REGISTRATION UNDER SUB-SECTION (2) OF SECTION 25) WHO IS REQUIRED TO FILE Taxpayer has obtained separate registration for multiple places of business in a State/UT and intends to transfer unutilized matched Input Tax Credit lying in his/her Electronic Credit Ledger to registered entities/place of businesses. Recently, GSTN has enabled to file much awaited Form – ITC-02A. WHA......

GST PMT 09 (Transfer of balance available in electronic cash ledger, between major and minor heads of GST) As per Sub Rule 13 of Rule 87 of CGST Rules, 2017, A registered person may, on the common portal, transfer any amount of tax, interest, penalty, fee or any other amount available in the electronic cash ledger under the Act to the electronic cash ledger for integrated tax, central tax, State......