With the increasing litigation in GST, it is seen that a plethora of notices is being issued on the issue that ITC which is claimed in GSTR-3B but not appearing in GSTR-2A shall not be available to the purchaser and needs to be reversed. On the subject issue, recently the Hon’ble Supreme Court in the […]
LIMIT FOR GST REGISTRATION Every supplier making taxable supply of goods or services or both shall get himself registered in the State from which supply is made. In general, the limit for taking GST registration is Rs Twenty Lacs and Rs Forty Lacs. For exclusive supplier of goods the registration limit is Rs Forty Lacs […]
The apex Bank , Reserve Bank of India has issued a circular regarding changes in timings of National Electronic Funds Transfer (NEFT) on 24*7 basis. As per the circular , the neft facility will now be available 24*7 basis starting from 16th December 2019 with the first settlement taking place after 00:30 Hours on 16th […]
The President of India has given his consent to the Finance Bill 2019 on 01.08.2019 and the same has been enacted as The Finance Act No 02 of 2019.. Provisions of CGST has been amended. The amendment act has done various major changes in existing GST Provisions . Some of the important GST Amendment includes […]