Expert Knowledge,
Straight from Practitioners.
Tax tips, legal guides, and financial advice written by the same verified CAs, Advocates, and Advisors you can consult on ConsultEase.
Taxability of Plots Under GST
Taxability of Plots Under GST As per Section 9 of the CGST Act, GST shall be payable on the supply of goods or supply or both. Section 2(52) defines goods to mean as “every kind of moveable property”. Section 2(102) defines “service” mean anything other
GST on Sale of Developed Plot
GST on Sale of Developed Plot The scheme of legislative powers under the Constitution of India is clearly demarcated with separate fields being given to the Centre and State to legislate. These powers are governed by Article 246 read with the Seventh Schedule to the
GSTN Has Released FAQs On Filing Nil GSTN-1 Through SMS
1. When can Form GSTR-1 be filed as Nil? Form GSTR-1 can be filed as a nil return if there are no outward supplies (including supplies on which tax is to be charged on a reverse charge basis, zero-rated supplies, and deemed exports) during the
Synopsis of Notifications And Due Dates Prescribed In GST
Synopsis of Notifications And Due Dates Prescribed In GST Sandip Choraria Advocate. Payal Agarwal Chartered Accountant. C/o Matrix Law Office. 4 B.B.D.Bag (East). Stephen House, 5th floor, R/N-84B, Kolkata 700001. 1. Notification No. 37/2020-Central Tax dated 28.04.2020: This notification seeks to give effect to the
Time Limits for certain actions (other than GSTR-1 and GSTR 3B) extended/not Extended
Time Limits for certain actions (other than GSTR-1 and GSTR 3B) extended/not Extended Action Date Extended to Notification/Circular Filing of CMP-08 by Composition Taxable person for January to March 2020 07-07-2020 shall get extended to 31-08-2020 34/2020 read with 55/2020 further read with 35/2020 Filing
GST ComplianceMovable and Immovable Property
Respected Members, The following is the Article on the taxability of Movable and Immovable property in the pre-GST Regime & Post GST Regime. In this article Hon’ble High Court category explains the meaning of movable and immovable property, also explained by the Hon’ble respective High
One Page Summary For Relaxed Due Dates For GSTR 3B
One Page Summary For Relaxed Due Dates For GSTR 3B FOR TURNOVER OVER 5 CRORE INTEREST LATE FEES original Due Date Interest @ 0% if 3B filled till date Interest @ 9% if 3B filled till date Interest @ 18% late fees @ 0
Discount Received- Whether Liable to GST?
Discount Received Is A Supply? It has been observed from time to time that Department took the view that the discounts received in various forms are to be treated as service being in the nature of commission and tax has to be discharged thereon. Further,
58/2020 -CT Rule 67A of CGST rules
58/2020 -CT: Amendment in Rule 67A for filing of GSTR 1 & GSTR 3b via SMS Notification No. 58/2020 -CT New Delhi, the 1 st July, 2020. “67A. Manner of furnishing of return or details of outward supplies by short messaging service facility.- Notwithstanding anything
NIL GSTR 1 via SMS facility is now available
NIL GSTR 1 via SMS facility NIL GSTR 1 via SMS facility is available from 1st July 2020. It is going to benefit the lacs of taxpayers. You can simply send the text on a specified number to file the return. Read the detailed process
57/2020 –Central Tax late fees limited to Rs. 500 for all
57/2020 –Central Tax extension in some due dates, dated 30th June 2020 This notification waived off the late fees on the filing of GSTR 3b. 57/2020 issued to curtail the late fees of GSTR 3b for all taxpayers. If your turnover is more than 5
File GST returns using SMS
How can I file GST returns using SMS CBIC provided the facility to file GST returns using SMS. The following returns can be filed via SMS. GSTR 1 GSTR 3b The filing of the return via SMS is available only for the NIL returns. At