Tax Consultant

 Government has been issued a new notification 15/2021 dated 18 May 2021 for seek to make amendment (2021)  to CGST Rules,2017. Following are the summery of notification:- 1. Rule 23 and FORM GST REG-21, that deals with revocation of cancellation of registration, so as to allow the registered person to file application in FORM GST REG-21, within such extended period by the Additional Commissioner or Joint Commissioner or the Commissioner. 2. Proviso under Rule 90(3): Time period from the date of filing of the refund till the date of communication of the deficiencies in FORM GST RFD-03, is to be excluded from the period of 2 years. 3. Rule 90(4) Allowed registered person to withdraw the application of refund claim, by filing application in FORM GST RFD-01W before issuance of RFD-04 or RFD-06 or RFD-05 or RFD-07 or RFD-08. 4. Rule 90(5) On submission of application in FORM GST RFD-01W, any amount debited from electronic credit ledger or electronic cash ledger, shall be ...

                                  Refund Process under GST 1.      Introduction The provisions pertaining to refund contained in the GST law aim to streamline and standardise the refund procedures under GST regime. Thus, under the GST regime there will be a standardised form for making any claim for refunds. The claim and sanctioning procedure will be completely online and time bound which is a marked departure from the existing time consuming and cumbersome procedure. It has been decided, however, that since the online refund module is not available immediately, the refund process would be handled manually and Circular No. 17/17/2017- GST dated 15.11.2017 and Circular no. 24/24/2017-GST dated 21.12.2017 prescribing the detailed procedure have been issued. 2.      Situations Where R...

       Relaxation For April  2021 Under Rule 36(4) :-   As we all know that as per rule 36(4) we can avail ITC only 105% of ITC showing in GSTR-2B but due to covid-19 second wave government have changed various due dated including GSTR-1 also.  Now taxpayer can filled there GSTR-1 till 26 May 2021 and GSTR-2B will be generated on 28 May 2021 after filing GSTR-1 by Quarterly  taxpayer. So main question arises that if a person wants to fill his GSTR-3B before due date i.e. 20 May 2021 ( Government extent due date for late fee purpose only if any body filled GSTR-3B after due date Interest liability is livable as per notification no 13/2021). As per notification no 13/2021 government give relaxation  to take ITC as per self assessment for the period of April 2021 and may furnished the adjustment in GSTR-3B for tax period of May-2021.  The detailed notification is here for your references https://www.cbic.gov.in/resources//htdocs-cbec/g...

                       E-Invoicing An Overview Today we will discussed about e-invoicing. As you all know E-invoice is mandatory for those taxpayer whose total turnover in last year was above 50Cr. There are so many issues which are faced by taxpayers but here we will discussed only basic about e-invoice method. In future we will discussed on this matter in Detailed. Today we will try to understand the basic concept of e-invoicing.   E-invoice - Background:-   The GST Council, in its 37th meeting held on 20th September, 2019, approved introduction of electronic invoice (‘e-invoice’) in GST in a phased manner. Accordingly, steps have been initiated to introduce 'e-invoicing' for reporting of Business to Business (B2B) and export invoices. GST Council, in its 39th meeting, held on 14th March, 2020, further recommended certain classes of registered persons to be ex...