Availability of Input Tax Credit (ITC) for FY 2020-21: As per Section 16(4) of CGST Act, 2017, no taxpayer can take ITC for records (invoices and debit notes) for the supply of goods or services (or both) for FY 2020-21 after the due date of furnishing the return for the month...
Update in GST Return Due Dates 5 July 2022: GST Notification 12/2022 | Late fees for delay in filing GSTR-4 for FY 2021-22 shall be waived till 28 July 2022. 5 July 2022: GST Notification 11/2022 | Due date of CMP 08 for June 2022 quarter is extended from 18th July to 31st Jul...
“Extension of the due date of filing GSTR-4 for FY 2020-21 to 31.07.2021.” Read Press Release “Form GSTR-4 Annual Return by Composition Taxpayers, for the FY 2019-20, is now available for filing.” GSTR 4 return revisions under 32nd GST council meeting: File annual return instead...
The GSTN department has issued an advisory required to generate an e-invoice from 1st April 2024 if their turnover exceeds INR 5 crores in FY 2023-24. View more The GST portal will upgrade from 12:00 AM to 07:00 AM on 05th April 2024. During this time, the portal services will be...
Due Date Extended till 1 GSTR-4 Composition Taxpayers (Annual Return) FY 2020-21 30th April, 2021 31st July, 2021 2 GSTR-5 Non Resident Taxpayers (NRTP) March/April/May, 2021 20th April/ May/June, 2021 30th June, 2021 3 GSTR-6 Input Service Distributors (ISD...
The e-Invoice’s notification No.10/2012 – Central Tax dated May 10, 2023, replaces its predecessor notification No.13/20- Central Tax dated March 21, 2020. From now on, any company whose turnover exceeds Rs.5 crores during any financial year beginning with FY2017-18 must comply with ...
replaces its predecessor notification No.13/20- Central Tax dated March 21, 2020. From now on, any company whose turnover exceeds Rs.5 crores during any financial year beginning with FY2017-18 must comply with the electronic invoicing regulations as of 1st August 2023. Stay in touch, and ...
As per the decision of GST Council, ₹1.1 lakh crore for FY 2020-21 & ₹1.59 lakh crore for FY 2021-22 has been released to States/ UTs as back-to-back loan to meet the resource of the States/UTs due to shortfall in GST compensation. Release of this amount has been fr...
Q2FY25 In the Q2FY25earningscall, the company stated, “We are seeing the rise of AI infused service lines rather than stand-alone AI demand.” On the integration of AI, it said, “Companies have moved past the point of experimentation through proofs of concepts and are increasingly viewing...
In a federal structure, India's determination to much-needed fiscal reforms has been widely applauded at its face value when she relinquished her previ