Tag Archives: CBIC UPDATES

The Central Board of Indirect Taxes and Customs (CBIC) on June 24, 2020, provides one time amnesty by lowering/waiving of late fees for non-furnishing of FORM GSTR-3B from July, 2017 to January, 2020 and also seeks to provide relief by conditional waiver of late fee for delay in furnishing returns in FORM GSTR-3B for taxContinue reading “CBIC provides one-time amnesty for non furnishing of FORM GSTR-3B and also provides relief by conditional waiver of late fee for delay in furnishing returns in FORM GSTR-3B”

The Central Board of Indirect Taxes and Customs (CBIC) on June 24, 2020, brings into force certain sections of Finance Act, 2020 in order to bring amendment to Sections 2, 109, 168 & 172 of Central Goods and Services Tax Act, 2017 with effect from June 30, 2020. The Central Goods and Services Tax Act,Continue reading “CBIC enforces certain provisions of Finance Act, 2020 to bring amendments to certain sections of the Central Goods and Services Tax Act, 2017”

The Central Board of Indirect Taxes and Customs (CBIC) on June 24, 2020, publishes the Central Goods and Service Tax (Seventh Amendment) Rules, 2020, to further amend the Central Goods and Service Tax, 2017. Following are the amendments in Central Goods and Service Tax Rules, 2017: Rule 7 which talks about the rate of taxContinue reading “Central Goods and Service Tax (Seventh Amendment) Rules, 2020”

The Bihar Tax Commissioner on June 22, 2020 appoints a date on which the provisions of Bihar Goods and Services Tax (Fifth Amendment) Rules, 2020 issued vide Notification No. S.O. 125 shall come into force. It has appointed June 08, 2020 on which the provisions of such Rules shall come into force. [Notification No. S.O. 130]  GetContinue reading “Bihar Tax Commissioner appoints the date on which provisions of Bihar Goods and Services Tax (Fifth Amendment) Rules, 2020 shall come into force”

The Bihar Tax Commissioner on June 22, 2020 has decided to extend the time limit for issuance of order in terms of the provisions of Section 54 of the Bihar Goods and Service Tax Act, 2017 falls during the period from March 20, 2020 to June 29, 2020. The time limit for such notices has been extended for 15Continue reading “Bihar Tax Commissioner extends the timeline for notice issuance for rejection of refund claim”

The Bihar Tax Commissioner on June 22, 2020 amends the notification issued vide Notification No. S.O. 129 dated June 09, 2020 regarding e-way bill. It is specified that where an e-way bill has been generated under Rule 138 of the Bihar Goods and Services Tax Rules, 2017 on or before March 24, 2020 and whose validity hasContinue reading “Bihar Tax Commissioner extends the validity period of e-way bill till June 30, 2020”

The Central Board of Indirect Taxes and Customs (CBIC) on June 22, 2020, salient features of the secure electronic communication of the Final Let Export Order (LEO) copy of the Shipping Bill and the Gatepass copy of Shipping Bill. The LEO shall now be circulated via pdf which will serve multiple purposes as well. ThereContinue reading “CBIC issues salient features of the secure electronic communication of the Final LEO copy of the Shipping Bill and the Gatepass copy of Shipping Bill”

The Central Board of Indirect Taxes and Customs (CBIC) on June 19, 2020, publishes the Central Goods and Services Tax (Sixth Amendment) Rules, 2020, to further amends the Central Goods and Services Tax Rules, 2017. The following amendment is as under: Under rule 26 (1) which specifies the method of authentication, second proviso has beenContinue reading “Central Goods and Services Tax (Sixth Amendment) Rules, 2020”

The Government of Goa on June 16, 2020 has issued the Goa Goods and Service Tax (Amendment) Ordinance, 2020 to further amend the Goa Goods and Services Tax Act, 2017. The followings are the amendments:- Section 29(c) has been substituted stating that the taxable person is no longer liable to be registered or intends toContinue reading “The Goa Goods and Service Tax (Amendment) Ordinance, 2020”

The Rajasthan Tax Department on June 15, 2020, issues clarification on levy of GST on Director’s remuneration.  A lot of doubts were raised under this issue and under Rajasthan Goods and Service Tax Act, 2017, the clarification was provided under two categories.  The main issue to be decided is whether a ‘Director’ is an employeeContinue reading “Rajasthan Tax Department clarifies on levy of GST on Director’s remuneration”