CBIC lowers the rate of interest for tax periods March 2021 and April 2021

May 01, 2021

The CBIC vide Notification No 8/2021 - Central Tax dated May 1, 2021 extends relief by lowering the rate of interest for tax periods April 2021 and March 2021 for certain class of persons.

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Extension of due date for furnishing GSTR-1 for the tax period April 2021

May 01, 2021

The CBIC vide Notification 12/2021 - Central Tax dated May 1, 2021 extends the time limit for furnishing details of outward supplies in Form GSTR - 1 for the tax period April 2021 to May 26, 2021.

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Certain relaxations in time limits for compliances falling between April 15 2021 to May 31, 2021

May 01, 2021

CBIC vide Notification 14/2021 - Central Tax dated May 1, 2021 extends due date for compliances falling between the period April 15, 2021 to May 30, 2021 till May 31, 2021. The Notification shall come into force with effect from April 15, 2021.

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Extension of due date for ITC-04 to May 31, 2021 for the quarter January to March 2021

May 01, 2021

The CBIC vide Notification No. 11/2021- Central Tax dated May 01, 2021 extends the time period for furnishing declaration in Form ITC-04 viz. details of goods/capital goods sent to job worker and received back to May 31, 2021 for quarter January to March, 2021.

This notification would be made effective from April 25, 2021.

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CBIC allows companies to file GST returns without DSC using email or mobile OTP

April 28, 2021

A person registered under the provisions of Companies Act, 2013 would be allowed to furnish his returns under Section 39 (GSTR 3B) and the details of their outward supplies Section 37 (GSTR 1 or IFF) by means of electronic verification code for the period April 27, 2021 to May 31, 2021.

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CBIC issues advisory on implementation of PMT - 03 to recredit the ITC sanctioned as refund

April 20, 2021

CBIC issues an advisory No 8/2021 - Refunds dated April 21, 2021 for implementation of PMT-03 for re-credit of ITC sanctioned as a refund.

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GST News Update | Updates in Forms GSTR-1, GSTR-3B and Matching Offline Tool for taxpayers in QRMP Scheme

April 13, 2021

Goods and Service Tax Network issues update on April 13, 2021 in respect of Forms GSTR-1, GSTR-3B and Matching offline tool for taxpayers pertaining to the QRMP scheme.

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GST News update | New features of Form GSTR-2B & GSTR-3B made available to taxpayers under QRMP Scheme

April 13, 2021

New features relating to filing of Statement/ Returns by taxpayers under QRMP Scheme, for the quarter Jan-to March 2021

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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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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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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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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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