Formation Of GoM As Recommended By The GST Council

The GST Coun­cil in its 31st meet­ing held today at New Del­hi has approved the pro­pos­al to form a 7 Mem­ber Group of Min­is­ters to study the rev­enue trend, includ­ing analysing the rea­sons for struc­tur­al pat­terns affect­ing the rev­enue col­lec­tion…

Amendments proposed in 31st GST Council Meet

In-Prin­­ci­­ple approval giv­en for Law Amend­ments dur­ing 31st Meet­ing of the GST Coun­cil The GST Coun­cil in its 31st meet­ing held today at New Del­hi gave in prin­ci­ple approval to the fol­low­ing amend­ments in the GST Acts: Cre­ation of a Cen­tralised…

Important Updates of 31st Meet of GST Council

The GST Coun­cil in its 31st meet­ing held today at New Del­hi made the fol­low­ing pol­i­cy rec­om­men­da­tions: 1) The due date for fur­nish­ing the annu­al returns in FORM GSTR-9, FORM GSTR-9A and rec­on­cil­i­a­tion state­ment in FORM GSTR-9C for the Finan­cial…

Form GSTR-9A

  FORM GSTR-9A (See rule 80) Annu­al Return (For Com­po­si­tion Tax­pay­er) Pt. I Basic Details 1 Finan­cial Year   2 GSTIN   3A Legal Name <Auto> 3B Trade Name (if any) <Auto>   Peri­od of com­po­si­tion scheme dur­ing the year…

Applicability of GST Audit

Rule 80(3) of CGST Rules uses the expres­sion “every reg­is­tered per­son whose aggre­gate turnover dur­ing a finan­cial year exceeds two crore rupees”. So GST Audit is Applic­a­ble for every Reg­is­tered per­son, whether or not the per­son is hav­ing any Tax­able…