Only those suppliers of goods whose turnover exceeds Rs 40 lakhs will now come under the purview of GST registration. How to File Application in Form GST EWB-05 For Unblocking of e-Way Bill Generation Facility, Step-by-Step Process For Uploading Invoices Using the Invoice Furnishing Facility (IFF), GST Number Search Online - Taxpayer GSTIN/UIN Verification, Auto Population of e-Invoice Details Into the GSTR-1, This page is best viewed in Chrome, Firefox or IE 11. CHAPTER I PRELIMINARY 4 (a) by own labour, or (b) by the labour of family, or (c) by servants on wages payable in cash or kind or by hired labour under personal supervision or the personal supervision of any member … To amend and Empower the “Commissioner or Joint Secretary posted in the Board” to extend the due date furnishing Annual Return in FORM GSTR9/9A) and reconciliation statement in GSTR-9C. 3. GST Fraud Case: High Court denies Bail in Case of Pankaj Agarwal Vs UOI, Extension of GST Refund Application filing Period, GST Migration Window Reopens | Till 31st August, 2018, How to register for e way bill SMS facility | Step by Step Guide. The following Act of Parliament received the assent of the President on the 29th August, 2018, and is hereby published for general information:— THE CENTRAL GOODS AND SERVICES TAX (AMENDMENT) ACT, 2018 (No. In this Article, published in Tax Management India (TMI), an effort has been made to sum-up the Changes related to Refund under CGST Rules amended vide Notification No. New Delhi, Dated the 1st February, 2019 To, ... CGST Act, 2017 vide section 29 of the CGST (Amendment) Act, 2018 empowering the Commissioner to extend the period for return of inputs and capital goods from the job . Our Goods & Services Tax course includes tutorial videos, guides and expert assistance to help you in mastering Goods and Services Tax. This brings clarity for taxpayers who were worried about including such supplies while estimating aggregate turnover and whether they will have higher GST composition liability on account of such services. (1) This Act may be called the Central Goods and Services Tax (Amendment)Act, 2018. MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 30th August, 2018. After reading my eBook on the Companies Act 2013, many of you have requested for this digital book.Therefore, I have created GST Act eBook in PDF for you all and very confident that it will help you lot in your studies as well as professional career in real term. This is line with announcements made in the GST Council meetings. 02/2019-Central Tax ,dt. Union Territory Goods and Services Tax (Amendment) Act 2018. The mandatory disclosure of the Aadhaar number, first under the Income Tax Act, and now under the Central Goods and Services Act, shows the importance the Government has now placed on the Aadhaar Card. These restrictions are in line with the current provisions that impos… Welcome amendments in Section 129 and 130 of the CGST Act FEBRUARY 03, 2021 By G Natarajan, Advocate, Swamy Associates THE author has highlighted various practical difficulties in implementation of the provisions of Section 129 and 130 of the CGST Act, in an earlier article " The Ghost of virtual check-post ". This move will help in preventing the suppliers from using the benefit of input tax credit to reduce their tax costs while at the same time, not reduce prices for consumers. Below are some of the important changes made in CGST ACT 2017 through CGST Amendment ACT 2018, which is going to be effective from 01st February 2019. 3 Substituted for ―the Appellate Authority and the Appellate Tribunal‖ by The Central Goods and Services Tax (Amendment) Act, 2018 (No. The Government may, on the recommendations of the Council, by notification, specify a class of registered persons who shall, in respect of supply of specified categories of goods or services or both received from an unregistered supplier, pay the tax on reverse charge basis as the recipient of such supply of goods or services or both, and all the provisions of this Act shall apply to such recipient as if he is the person liable for paying the tax in relation to such supply of goods or services or both.”. It also clarifies that services that include extending deposits etc shall not be part of aggregate turnover. Below are some of the important changes made in CGST ACT 2017 through CGST Amendment ACT 2018, which is going to be effective from 01st February 2019. The Older CGST Rule Books for past references. Discussing the amendments made in the CGST and IGST Act 2017. employees' provident fund act latest amendments 2018 pdf Download CGST Act with amendments, With FB 2021 updates Feb 01, 2021 by CA Shafaly Girdharwal in GST Consultancy CGST Act amended till Fb 2021Changes introduced by FB- 2021 This benefit will not extend to those cases where proceedings have been initiated under Section 73 and Section 74, i.e if there is a pending investigation and tax is due, interest shall have to be paid on the gross tax liability. Words “the Appellate Authority and the Appellate Tribunal”, gets replaced with the Appellate Authority, the Appellate Tribunal, and the Authority. Important Changes in CGST ACT 2017. Aadhaar Number authentication for new and existing GST registrants. all significant amendments as passed by the Lok Sabha. Under this new section, these registered suppliers will have to mandatorily give their recipients the option of making electronic payments. For definition of “associated enterprises” under section 92A of the Income-tax Act, 1961, see Appendix. The provisions of income-tax law, as amended by the Finance Act, 2020, including significant circulars, notifications, press releases issued and legislative amendments made upto 31 st October, 2020, are applicable for May, 2021 examination.The relevant assessment year for income-tax is A.Y. ( NO the correct head be called the Central Goods and Services Tax Compensation... Furnish their returns on a Reverse charge basis threshold limit for GST registration ( 1 ) Act. & Tax experts & 10000+ businesses across India from your mobile phone also includes Goods and Services Tax ( )... 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