Notification no. 62/2020 dated 20/08/2020
Aadhaar verification or Physical verification of premises mandatory for GST registration from 21.08.2020.
Aadhaar verification or Physical verification of premises mandatory for GST registration from 21.08.2020.
Three Important GST Notifications:
Waiver and Capping of late fees of Rs. 500/- for the registered persons who fail to furnish the return in FORM GSTR-10 (Final Return) by due date but furnishes the said return between the period from 22nd September, 2020 to 31st December, 2020 vide NN. 68/2020-CT dt. 21.09.2020.
Waiver of late fees for filing GSTR 4, having NIL tax Liability and Capping of Rs. 500/- for those who are having tax liability for quarters in July, 2017 to March, 2020, if furnishes the said return in a period 22nd Sept to 31st Oct, 2020 vide NN. 67/2020 dt. 21.09.2020.
Time limit for issuing invoice if falls between 20 March, 2020 to 30 October, 2020 in respect of goods sent outside India on approval for sale or return basis, now extended to 31st October, 2020 NN. 66/2020-CT dt. 21.09.2020.
Waiver and Capping of late fees of Rs. 500/- for the registered persons who fail to furnish the return in FORM GSTR-10 (Final Return) by due date but furnishes the said return between the period from 22nd September, 2020 to 31st December, 2020 vide NN. 68/2020-CT dt. 21.09.2020.
Waiver of late fees for filing GSTR 4, having NIL tax Liability and Capping of Rs. 500/- for those who are having tax liability for quarters in July, 2017 to March, 2020, if furnishes the said return in a period 22nd Sept to 31st Oct, 2020 vide NN. 67/2020 dt. 21.09.2020.
Time limit for issuing invoice if falls between 20 March, 2020 to 30 October, 2020 in respect of goods sent outside India on approval for sale or return basis, now extended to 31st October, 2020 NN. 66/2020-CT dt. 21.09.2020.
Big Announcement:
1. The Companies Fresh Start Scheme (CFSS) which was introduced on 1st April, 2020 and was open till the 30th September, 2020. The scheme offered one-time opportunity to the defaulting companies’ to file all the pending documents including the annual tiling of the company without charging higher additional fees on any delay with the Ministry. The same has now been extended to 31st December, 2020.
2. The LLP Settlement Scheme, 2020 which incentivise compliance and reduce compliance burden during the unprecedented public health situation caused by Covid19. The scheme was a one-time waiver of additional filing fees for delayed filings by the LLPs with the Registrar of Companies during the period starting from 1st April, 2020 and ending on 30th September, 2020. The same has now been extended to 31st December, 2020
1. The Companies Fresh Start Scheme (CFSS) which was introduced on 1st April, 2020 and was open till the 30th September, 2020. The scheme offered one-time opportunity to the defaulting companies’ to file all the pending documents including the annual tiling of the company without charging higher additional fees on any delay with the Ministry. The same has now been extended to 31st December, 2020.
2. The LLP Settlement Scheme, 2020 which incentivise compliance and reduce compliance burden during the unprecedented public health situation caused by Covid19. The scheme was a one-time waiver of additional filing fees for delayed filings by the LLPs with the Registrar of Companies during the period starting from 1st April, 2020 and ending on 30th September, 2020. The same has now been extended to 31st December, 2020
GST: E-Way Bill generation facility to be blocked for Taxpayers who failed to file GSTR-3B for 2 or more Tax period from Oct 15
https://www.taxscan.in/gst-e-way-bill-generation-facility-to-be-blocked-for-taxpayers-who-failed-to-file-gstr-3b-for-2-or-more-tax-period-from-oct-15/78890/
https://www.taxscan.in/gst-e-way-bill-generation-facility-to-be-blocked-for-taxpayers-who-failed-to-file-gstr-3b-for-2-or-more-tax-period-from-oct-15/78890/
Taxscan | Simplifying Tax Laws
GST: E-Way Bill generation facility to be blocked for Taxpayers who failed to file GSTR-3B for 2 or more Tax period from Oct 15
The Central Board of Indirect Taxes and Customs ( CBIC ) has clarified that, E-Way Bill generation facility to be blocked for Taxpayers who failed to file
Significant Changes in GST Forms notified on 15th October, 2020 | TaxGuru
https://taxguru.in/goods-and-service-tax/significant-changes-in-gst-forms-notified-15th-october-2020.html
https://taxguru.in/goods-and-service-tax/significant-changes-in-gst-forms-notified-15th-october-2020.html
TaxGuru
Significant Changes in GST Forms notified on 15th October, 2020
The Ministry of Finance on 15th October, 2020 notified various notifications incorporating various changes to the CGST Act and CGST Rule. In this Article we wil
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Various Schemes for MSME Funding. Reach us for assistance & loan project reports!!
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Happy New Year!
Big Decisions made in 43rd GST Council Meeting
https://lpcservices.in/43rd-gst-council-meeting/
https://lpcservices.in/43rd-gst-council-meeting/