Government issues Finance Act 2021

March 30, 2021

Government notifies Finance Act 2021 giving effect to amendments proposed in the Union Budget 2021 with 127 new amendments

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Email/Telephonic communication cannot be alternated for in-person hearing in GST refund cases

March 18, 2021

The Bombay High Court in the case of BA Continuum India Private Limited has held that when the law requires that no application for refund shall be rejected without giving an applicant an opportunity of being heard, the same cannot be substituted by telephonic conversations and exchange of e-mails. 

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Notified changes effective April 1, 2021

March 18, 2021

E-invoicing and HSN codes made mandatory for certain class of persons effective April 1, 2021.

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Prettle Automotive - Whether financial assistance tantamounts to supply of service?

March 16, 2021

Question before the AAR, Maharashtra was whether financial assistance tantamounts to supply of service?

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Clarification on refund related issues

March 12, 2021

CBIC issues certain clarifications revolving around refund related issues

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GSTN Portal Update

March 04, 2021

GSTN renders a glimpse of changes to be effected in Table 12 of Form GSTR - 1. 1. "Rate of Tax" to replace the existing field of "Total Value" in Column 6; and 2. Mandates turnover based HSN reporting in Table 12 effective April 1, 2021

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Extension of annual return in GSTR 9 and GSTR 9C for financial year 2019-20 to March 31, 2021

February 28, 2021

CBIC vide press note dated February 28, 2021 extends due date for filing Annual return in GSTR 9 and its corresponding reconciliation in GSTR 9C for the financial year 2019-20 to March 31, 2021.

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Highlights of the Union Budget 2021-22 - GST

February 02, 2021

Certain amendments have been enacted vide the Finance Bill, 2021.  These changes will come into effect from the date when such changes are notified, concurrently with the corresponding amendments to the similar Acts passed by the States and Union territories with Legislature

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Summary of changes introduced vide CGST (Fourteenth Amendment) Rules, 2020

December 22, 2020

Noteworthy changes introduced vide Notification 94/2020 – Central Tax dated December 22, 2020. These changes are detailed in the Central Goods and Services Tax (Fourteenth Amendment) Rules, 2020. These have been made effective January 1, 2021. 

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Notification 80/2020 - Central Tax, dated October 28, 2020

October 28, 2020

Time limit for filing annual returns under Section 44 read with Rule 80, for the financial year 2018-19 extended until December 31, 2020.

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Notification 78/2020-Central tax, dated October 15, 2020

October 15, 2020

Seeks to notify the number of HSN digits required on tax invoices.

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Notification 74/2020-Central tax dated October 15, 2020

October 15, 2020

Seeks to prescribe the due date for furnishing FORM GSTR-1 for the quarters October, 2020 to December, 2020 and January, 2021 to March, 2021 for registered persons having aggregate turnover of up to 1.5 crore rupees in the preceding financial year or the current financial year.

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