The Central Board of Indirect Taxes and Customs has further made amendments to the Central Goods and Services Tax (Fourteenth Amendment) Rules 2020.
The due date for filing GSTR-3B is 20th January 2021 for taxpayers having an aggregate turnover of more than Rs. 5 crores in the previous FY. For taxpayers having an aggregate turnover of less than Rs. 5 crores, the due date is 22/24 January 2021.
Shri Santosh Kumar Singh created 44 fake/bogus companies for issuance of fake invoices and passing on ITC to nine export companies which were involved in fraudulent exports, without the supply of any goods.
Taxpayers should not wait for the inadvertent gap wherein some invoices are not being populated in GSTR-1 and are advised to proceed with the preparation and filing of GSTR-1, based on actual data as per their records.
A total amount of Rs.66,000 crore released so far to all States and UTs with legislationThis is in addition to additional borrowing permission of Rs.1,06,830 crore granted to the StatesThe Ministry of Finance has released the 11th weekly instalmen
The All India Joint Representation Committee for GST has written a representation letter to the Finance Minister Smt. Nirmala Sitharaman, for further extension in the due date compliances of various Income Tax, GST, and ROC Return.
Shri Sanjay Goel was arrested on 08.01.2021 and produced before, Duty MM Delhi, who ordered judicial custody. A total fake ITC of more than Rs 8 crore has been thus passed/availed by the accused.
The Central Board of Indirect Taxes and Customs, via their official Twitter handle, have announced that the facility to declare invoices on a monthly basis, for quarterly taxpayers has been made available from 1st January 2021.
All taxpayers registered as Regular Taxpayers (including Casual Taxable person, SEZ Units/Developers), ISD and Composition taxpayers can do their Aadhaar Authentication or e-KYC on GST Portal.
An Invoice Furnishing Facility (IFF) facility has been provided to taxpayers under QRMP Scheme (Quarterly filers of Form GSTR-1 and also of Form GSTR-3B returns), as per sub-rule (2) of Rule-59 of the CGST Rules, 2017.
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)