RBI circular says that NEFT services will be available 24×7 RBI has issued a circular to make NEFT services 24×7. The text of notification is following. Please refer to our circular DPSS (CO) RPPD No.510/04.03.01/2019-20 dated August 30, 2019, regarding the availability of NEFT on
Time limit to file Applications in GST tribunal extended S.O.(E).––WHEREAS, sub-section (1) of section 112 of the Central Goods and Services Tax Act, 2017 (12 of 2017) (hereafter in this Order referred to as the said Act) provides that any person aggrieved by an order
No 6th rate cut in Repo RBI monetary policy released. There is no rate cut this time. Although in the same year there are 5 rate cuts. But in this policy, the sequence is paused. At present Repo is 5.15 percent whereas Reverse Repo is
3 New Functionalities on registration on GST Portal 1. Taxpayers can now see all the GSTINs mapped to the same PAN across India. At the time of filing the Part A of the registration application form for new registration. All other GSTIN in the same
Introduction: 1. As per Rule 138E, non furnishing of CMP-08 for 2 consecutive quarters shall result in blocking of E way bill for Composition Dealers. CMP-08 for April to June 2019 was required to be filed till 31-08-2019 (N/N 35/2019- CT dated 29-7-2019) and CMP-08
GSTN portal suggested a way out for late fees in GSTR 9 /9C The date for filing of GSTR 9 /9c was extended by CBIC. Some taxpayers were observing late fees and interest for GSTR 9/9C. The concerns were raised to GSTIN. It is suggested
Some FAQ’s on Method of Reporting e-Invoice to GST System 1. In addition to the above, we understand that electronic invoice which will be uploaded on GST portal will be authenticated and IRN will be allocated for each e-invoices generated. a. Yes, the e-invoice will be
New Functionality on GST Portal enabled by GSTIN: The Goods and Services Tax ( GST ) portal has enabled New functionalities as on November 30, 2019, for taking registration by the taxpayers. The gist of the new functionalities are discussed as under: 1. Taxpayers can
Introduction: E-way bill auto blocking has been started from 2nd December 2019. Non-filers of GST return will be restricted from doing further business in this way. We have compiled some important questions related to this hurdle. A taxpayer is required to generate an E-way bill
Table of Contents Introduction:What is GTA?Exemptions to Goods transport agencies from GSTRate of tax on services by Goods transport agency (GTA) in reverse chargeRate of tax on services by Goods transport agency(GTA) in forward charge:GST compliances for Goods transport agency:Place of supply for GTA:Returns: Introduction:
