GST Updates 18.02.2021

 🦚 Namaskar!


*GST Updates 18.02.2021*


Govt committed to bring natural gas under GST regime: PM Modi.


CBIC extends Sanction for pending IGST Refund Claims on GSTR-1 and GSTR-3B mismatch error: Big relief to exporters.


Bitcoin trading likely to attract Income Tax, 18% GST: Reports.


No Recovery on Spot during Search proceedings in GST cases: Gujarat High Court.


GST Audit for the FY 2019-20 due date is 28th Feb, 2021. In case of any query do let us know directly to +91 9871530510


Regards

*CA. Praveen Sharma*

+91 9871530610


Save my Mob. No. for more GST updates.


*Join our Telegram Channel:* https://t.me/praveengst

*Follow on Twitter:* @capraveensh

Comments

Post a Comment

Popular posts from this blog

GST Updates 22.07.2021

Image
Namaskar🙏 🇮🇳 GST Updates 22.07.2021 Join our Telegram Channel📚 https://t.me/praveengst 1️⃣ Today is the due date to File GSTR-3B for the Quarter Apr-June 2021 (QRMP Taxpayer < 5 Cr - Rule 61) - Category I States. 2️⃣ CBIC Circular No. 156 issued- Clarification regarding extension of limitation under GST Law in terms of Hon’ble Supreme Court’s Order dated 27.04.2021. 3️⃣ Arrest, search, summons under GST law not to be affected by Supreme Court’s limitation order: CBIC. 4️⃣ Centre begins review of legal issues in GST such as such as ervices provided by back offices of MNC in India qualify as exports, which are zero-rated and Discounts, reimbursed by FMCG and consumer durables companies to their dealers to sell products at specially reduced prices. 5️⃣ PIL in SC seeks direction to Centre to constitute GST Tribunal. Ask your GST Query❓ gstmitraapp@gmail.com Ask Live on GSTMITRA YouTube Every Saturday 4 PM Regards CA. Praveen Sharma Your's GST Mitra www.thegstmitra.com +91 987153...
Read more

Haryana first state to reimburse GST on Covid-related donations

Image
  Haryana on Tuesday became the first state in the country to allow reimbursement of goods and services tax (GST) paid on Covid-related donations made to the state and state-run facilities. This will be applicable till June 30. The move is aimed at encouraging efforts by corporations, non-government organisations (NGOs) and individuals and facilitating donations of items such as oxygen concentrators, Covid-19 vaccines, Remdesivir injections, etc. as the country battles the intense second Covid-19 wave. Haryana will reimburse GST already paid on such Covid-19 related items, subject to conditions. “Haryana is facing an acute shortage of liquid medical oxygen and other health equipment such as ventilator, medicines etc… in order to encourage efforts by corporates, NGOs and individuals coming forward to help the state government … by way of donations, it is necessary in the public interest to facilitate donation of such items,” the state government said in a notification on Tuesday. Re...
Read more

GST clarity crucial for Indian fantasy sports industry to drive investments, FDI

Image
  NEW DELHI: With the exponential growth of fantasy sports and the potential benefits to India's digital economy, a new whitepaper recommends providing tax certainty to the industry as well as ensuring an optimal tax rate as essential factors for attracting investments, FDI, and ensuring the growth of tax revenue for the government.\ The white paper from Tax India Online (TIOL) said fantasy sports have been on the front end of innovation and investment in the last few years. It is imperative for regulators to take stock of the potential these sectors hold while ensuring their revenues are taxed based on a valuation model that distinguishes between games of skill and games of chance. It said India is the world's largest fantasy sports market with around 13 crore Indian users, beating the US’s 50-year-old status as the world leader. India is also home to the world’s largest fantasy sports operator and more than 150 operators providing online fantasy sports. According to the NITI...
Read more