GSTR-2B is going to be such an auto-drafted ITC statement , which will be generated for every registered person on the basis of the information furnished by his suppliers in their respective GSTR-1, GSTR-5 and GSTR-6 .
As per the latest amendments in the CGST Rules Aadhaar Authentication has been made mandatory for GST Registration
CBIC clarifies the issues in order to ensure uniformity in the implementation of the provisions of the law across the field formations through Circular No. 137/07/2020-GST dt 13.04.2020
GST Refund Clarification on refund related issues
Since the GST Act has been implemented, we have seen that various changes are made in the CGST Rules. Here is the summary of the latest changes that have been made in the CGST Rules.
CBIC issued the Notification No. 01/2020- Central Tax on dt. 01 Jan 2020 regarding the implementation of provisions of Finance (No.2) Act, 2019 to amend the CGST Act, 2017.
In this article, we will discuss only Section-95, 96, 98 & 99 of Finance (No.2) Act, 2019. Earlier we have discussed Section-93 & 94 of Finance (No. 2) Act, 2019.
CBIC issued the Notification No. 01/2020 - Central Tax on dt. 01 Jan 2020 regarding the implementation of provisions of Finance (No. 2) Act, 2019 to amend the CGST Act, 2017.
Latest Notifications as issued by CBIC on dt. 26.12.2019
CBIC issued an earlier circular on dt.05th November 2019 vide Circular No.122/41/2019-GST regarding the implementation of the decision for generation and quoting of DIN on specified documents. This was issued for transparency and accountability in indirect tax through the widespread use of information technology.