CA. Praveen Sharma GST Mitra

 Namaskar! GST Updates 31.03.2021 ✅Purchasers Of Non-GST Goods Entitled To 'Form C' Under CST For Concessional Rate Even After GST Act : Supreme Court. ✅Common Customs Electronic Portal Launched. ✅CBIC notifies Bill of Entry (Electronic Integrated Declaration and Paperless Processing) Amendment Regulations, 2021 ✅Waiver of Penalty: Applicability for Dynamic Quick Response (QR) code in the invoice issued by a registered person, whose AT in a FY exceeds Rs. 500 Crore for B2C extended to 1st July 2021 ✅GSTR-9/9C due date for FY 2019-20 is Today, 31.03.2021. GST Mitra's CA. Praveen Sharma initiative Ask your query: gstmitraapp@gmail.com Join Our Telegram Channel (Recommended): https://t.me/praveengst Join Our WA: https://chat.whatsapp.com/BlsbhPQuB3Z6vSzcUKIJJP Download our App to get knowledge updates: https://play.google.com/store/apps/details?id=com.app.gstmitraa Regards CA. Praveen Sharma, Your's GST Mitra +91 9871530610 NIRC Candidate Save my Mob. No. for more GST upda...

 Namaskar! GST Updates 30.03.2021 Bitcoin Alert! Govt says crypto gains taxable as income, GST applicable on services by crypto exchanges. Form GST DRC 07 to be issued for Recovery of Interest: Guj HC. Kerala HC stays DGGI order directing furnishing of Security in form of Bank Guarantee. GSTR-9/9C due date for FY 2019-20 is 31.03.2021. GST Mitra's CA. Praveen Sharma initiative Ask your query: gstmitraapp@gmail.com Join Our Telegram Channel (Recommended): https://t.me/praveengst Join Our WA: https://chat.whatsapp.com/BlsbhPQuB3Z6vSzcUKIJJP Download our App to get knowledge updates: https://play.google.com/store/apps/details?id=com.app.gstmitraa Regards CA. Praveen Sharma, Your's GST Mitra +91 9871530610 NIRC Candidate Save my Mob. No. for more GST updates. Follow us on Twitter: @capraveensh 

 

 🦚 Namaskar! *GST Updates 27.03.2021* Selling eatables eligible for ITC under GST regime: WB AAR. Stock brokers need not pay GST on delayed payment charges from clients: UP AAAR. CAG for setting up of time-frame for roll out of simplified GST return forms. Due date of GST Audit is 31.03.2021. In case any query related to GST Audit and changes w.e.f. 01.04.2021, do write to us at gstmitraapp@gmail.com. Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidate_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 

 Namaskar! GST Updates 26.03.2021 (CBDT) deferred the Tax Audit Clause 30C and 44  till 31st Mar 2022 due to COVID-19. Govt improving GST evasion detection but recovery a problem: CAG report. How To Check And Spot Fake GST Bill? Mail to gstmitraapp@gmail.com, will send the checklist. Due date of GST Audit is 31.03.2021. In case any query related to GST Audit and changes w.e.f. 01.04.2021, do write to us at gstmitraapp@gmail.com. Regards CA. Praveen Sharma, Your's GST Mitra +91 9871530610 NIRC Candidate Save my Mob. No. for more GST updates. Join our Telegram Channel: https://t.me/praveengst Follow on Twitter: @capraveensh

 

 🦚 Namaskar! *GST Updates 25.03.2021* GST technical glitches behind input tax credit frauds: CAG report. CANON EFFECT ON DRI SCNs : Today Delhi HC issued notice in writ petition for quashing DRI SCNs. Dept. counsel stated that he has written instructions from Board to keep all DRI SCNs in abeyance. Rajya Sabha passes Finance Bill 2021: GST related matters are not MOF matters, Decided by Council: FM In case any query related to GST Audit and changes w.e.f. 01.04.2021, do write to us at gstmitraapp@gmail.com. Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidate_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 🦚 Namaskar! *GST Updates 24.03.2021* All you need to know about GST Year End Checklist: Making March Meaningful Join Today Live at 5 pm. https://youtu.be/MKtt-a6Uvdo GSTN: Opting-in for Composition Scheme for Financial year 2021-22. Join our Telegram Channel to view. Today is the due date of making payment in case of QRMP for the m/o Feb-21. In case any query related to changes w.e.f. 01.04.2021, do write to us. Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 

 🦚 Namaskar! *GST Updates 23.03.2021* GST Appellate Tribunal के गठन के नियमों में बदलाव को लेकर दिल्ली हाईकोर्ट ने GST काउंसिल से मांगा जवाब. Next Hearing 13.05.21. Delay in AAR Rulings adversely affects Investigation and the Interest of Revenue. Guj HC GST registration systems glitch in *Pin Code 110092* not showing on the portal of *PO Ward 84 DGST * now stands resolved after pursuance with DGST Commissioner and GSTN simultaneously. Returns are allowed to file and ITC order to be granted. Guj HC (Jap Modular Furniture). In case any query related to changes w.e.f. 01.04.2021, do write to us. Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 🦚 Namaskar! *GST Updates 22.03.2021* Taxpayers free to use ITC': FinMin on reports of pressure tactics use by GST officers. Notice Sent to Old Address even when Address was changed in GST Registration Certificate: Andhra Pradesh High Court quashes Assessment Order. Requirement of HSN Code on Tax Invoice and Generating B2B invoice for AT above Rs. 50 Cr is mandatory w.e.f. 01.04.2021. In case any query related to changes w.e.f. 01.04.2021, do write to us. Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 🦚 Namaskar! *GST Updates 20.03.2021* Pressure tactics? Pay in 'cash', GST officers tell taxpayers. Wide network of trains used to evade GST running into crores. Amount recovered from Employees towards Car Parking Charges to be deemed as ‘Supply of Service’: UP AAAR. Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 🦚 Namaskar! *GST Updates 19.03.2021* Show Cause Notice to be served before denying GST Refund: Jammu & Kashmir High Court quashes Order. No ITC can be claimed on 5% GST paid on License Fee to Indian Railway or IRCTC: AAAR UP (Amar Foods). Telephonic/Email Communications No Substitute For In-Person Hearing In GST Refund Claims: Bombay HC. CBIC directs all the SCNs issued by DRI to be kept pending.(u/s 28 of Custom Act) Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 🦚 Namaskar! *GST Updates 18.03.2021* Supreme Court issues notice on PIL seeking system to track GST paid by Facebook, Amazon, Google, Twitter, others. 18% GST on Cheque Bouncing Charges, Interest on receivable on delayed payments, Connection/ Reconnection/ Disconnection/ Charges, rules TN AAR. Madras HC allows claiming input tax credit on TDS from VAT. From 1 April, businesses with sales of over ₹50 crore will have to generate e-invoices for B2B transactions.  _*GST Knowledge Series: Watch Our YouTube Channel at 12 noon on E-invoicing*_ Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 🦚 Namaskar! *GST Updates 17.03.2021* No proposal for scrutiny of GST assessment in faceless mode: Anurag Thakur. 5% GST on Composite Supply of Works Contract to Wular Conservation & Management Authority: WB AAR. Subway Franchisee guilty of denying GST Rate cut benefits to Customers: NAA GSTN directs Taxpayers to update IFSC of 8 Banks. Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 🦚 Namaskar! *GST Updates 16.03.2021* ITC to be availed based on details available in FORM GSTR-2B, clarifies CBIC 12% GST applicable on Printing of Content on the PVC Materials, Supply of Printed Trade Advertising Material: AAAR TN Use of Fake Invoices to avail Input Tax Credit under GST: Bombay High Court grants Bail to Accused. Bank a/cs of family members cannot be attached: Bombay HC. Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 

 🦚 Namaskar! *GST Updates 15.03.2021* Availability of System Generated FORM GSTR-3B based on FORM GSTR-2B for period 02/2021. UOI moves SC against an unfavourable judgement pronounced in favour of South Gujarat Textile Processor's Assn. Karnataka High Court Issues Guidelines For Search Of Smartphones, Laptops, Electronic Gadgets, Email Accounts Etc. Department of Trade & taxes, Govt. of NCT of Delhi issued Office Memorandum for increasing revenue mobilization and achieving annual targets by the respective wards. _Today's Webinar: CA's Career 2021 onwards. Pls share to our professionals._ Link: https://youtu.be/qeSqBjaXWDk Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

🦚 Namaskar! *GST Updates 13.03.2021* Today is the due date to file GSTR-6 and IFF for the month of Feb-2021. GST authorities ask field units to ramp up collections, identify defaulting taxpayers. UP VAT: Interest waiver Scheme 2021. Link: https://twitter.com/capraveensh. CBIC clarifies on GST refunds related to deemed export, zero-rated supplies: https://t.me/praveengst/3121 Taxable person’s Bank Account can only be Attached and not his Family Members: Bombay High Court directs Provisional Release. Join Today's webinar on *GST 2021 कैसा होगा? Way Forward* at 6pm to 7.30 pm Register @https://forms.gle/Jd8Nhie5ye9htXeC8. Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 

 GST Updates 12.03.2021 Delhi govt to reach out to top GST taxpayers to ramp up collections. GSTN: Updated FAQs and User Manual w.r.t. registration application for normal taxpayer. No Proposal to include Petrol, Diesel under GST, informs Finance Minstry. Fill up 42k+ vacant posts in GST dept: Assn urges centre. Regards CA. Praveen Sharma, Your's GST Mitra +91 9871530610 NIRC Candidature Save my Mob. No. for more GST updates. Join our Telegram Channel: https://t.me/praveengst Follow on Twitter: @capraveensh

 🦚 Namaskar! *GST Updates 11.03.2021* Today is the due date to file GSTR-1 for the month of Feb-21 (Turnover exceeding 1.5 Cr or opted to file monthly). Gujarat High Court directs GSTN to allow Rectification of entries in GSTR-3B Return (M/s Deepak Print). Bombay HC: Order Rejecting Refund claim without granting opportunity is against PNJ. Rajasthan High Court issues notice to CBIC on plea challenging Validity of Rule 89(5) so as to allow Refund of Input Services or Capital Goods PFMS: Bank Validation Status is showing as ‘Failed’, Update Bank account by filing the non-core amendment. _GST Knowledge Series-5_ Link:  https://youtu.be/K43RvdhwDGQ Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 

 🦚 Namaskar! *GST Updates 10.03.2021* Today is the due date to file GSTR-8 for the month of Feb-21. Govt plans to include GST in UPI QR code. GST fraud of Rs 20,124 crore detected during November 9-January 31: Finance minister. Chennai GST Zone: GST squads formed to prevent the illicit movement of goods. New 'core entity' feature in filing GST to curb fake bills menace. GSTN: Now Track your Refund status without Login. Benefit of Input Tax Credit can’t be denied for entering the details in Wrong Column: Madras HC _GST Knowledge Series_ Link: https://youtube.com/capraveensh Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 🦚 Namaskar! *GST Updates 09.03.2021* Notification No. 5/2021 - wef 1st April 2021, E-Invoice will be mandatory for registered person whose aggregate turnover in a financial year exceeds Rs 50 Crore. Earlier the limit was Rs 100 Crore. GSTN enables the ‘Reset’ option in GSTR 1/IFF on the GST portal. Supreme court providing deep succor and solace to limitation in today's landmark order held notably:  1. In computing the period of limitation for any suit, appeal, application or proceeding, the period from 15.03.2020 till 14.03.2021 shall stand excluded. Consequently, the balance period of limitation remaining as on 15.03.2020, if any, shall become available with effect from 15.03.2021. 2. In cases where the limitation would have expired during the period between 15.03.2020 till 14.03.2021,notwithstanding the actual balance period of limitation remaining, all persons shall have a limitation period of 90 days from 15.03.2021. In the event the actual balance period of limitation r...

 

 🦚 Namaskar! *GST Updates 08.03.2021* GST evasion: CBIC asks field offices to exercise max caution, prudence in property attachment. Fuel hike issue can be discussed in GST council if states willing. Industry wants GST rate cut on branded snacks, commonly used food items. Tax notices, summons served to pre-GST, dispute resolution cases. _GST Knowledge Series -3_ Link: https://youtu.be/SkhrAAELhL8 *All about GST Audit Documentation at our Telegram Channel* _Code of Ethics_ _Audit Checklist_ _MRL_ _Audit Disclosures_ _Recipient Letter to Supplier_ Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 🦚 Namaskar! *GST Updates 07.03.2021* Taxpayers are required to select their business activity only once post login based on highest turnover. Video link: https://youtu.be/xDrtKBAld-k SC disposes petition to extend GST amnesty scheme. _GST Knowledge Series -3_ Link: https://youtu.be/SkhrAAELhL8 *All about GST Audit Documentation at our Telegram Channel* _Code of Ethics_ _Audit Checklist_ _MRL_ _Audit Disclosures_ _Recipient Letter to Supplier_ Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 🦚 Namaskar! *GST Updates 06.03.2021* FM-speak: GST Council will decide on oil-in-GST. Sanitisers not medicament, to face 18% GST: Karnataka AAR. GST pinch for post-graduate medical test aspirants. Business-friendly Environment for Investors: Arunachal assembly amends GST clauses. Central Excise dues can’t be recovered from Wife’s Property on default of the Husband’s Proprietary Firms: CESTAT _GST Knowledge Series -2_ Link: https://youtu.be/GRKFgcJF55s *All about GST Audit Documentation at our Telegram Channel* _Code of Ethics_ _Audit Checklist_ _MRL_ _Audit Disclosures_ _Recipient Letter to Supplier_ Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 The bench said in its order: “In our view, these reliefs, as sought in the petition, pertain in the realm of policy decisions. It would be inappropriate for this court to entertain a petition of this nature”

 🦚 Namaskar! *GST Updates 05.03.2021* Supreme Court rejects plea requesting extension of GST amnesty scheme. Petrol prices can come down to ₹75, diesel to ₹68 under GST: SBI economists. GSTN enables Option to withdraw Nil Refund application on GST portal. UP: HC directs Centre not to set up GST tribunal in Prayagraj without its nod. 5% GST on Supply of Food inside the Restaurant (branch) situated in Zoological Garden: Karnataka AAR. Upcoming changes in Table-12 format of GSTR-1 Return: GSTN Tweet _GST Knowledge Series -1_ Link: https://youtu.be/uW7-CeiitSA *All about GST Audit Documentation at our Telegram Channel* _Code of Ethics_ _Audit Checklist_ _MRL_ _Audit Disclosures_ _Recipient Letter to Supplier_ Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 

Petrol price can go down to Rs 75 a litre across the country if brought under the ambit of the Goods and Services Tax (GST), but there is a lack of political will, which is keeping Indian oil product prices at one of the highest in the world, economists at SBI said on Thursday Diesel will come at Rs 68 a litre and the revenue loss for the Centre and states will be only Rs 1 lakh crore or 0.4 per cent of GDP, according to the calculation by the economists made under the assumption of global crude prices at USD 60 a barrel and exchange rate at Rs 73 per dollar. At present, every state has its own way of taxing fuels, while the Centre also collects its own duties and cess. Petrol prices have touched Rs 100 per litre in some pockets of the country and concerns are being expressed about the high taxation which is making the fuels dearer. The SBI economists said bringing petrol and diesel under the goods and services tax is an unfinished agenda of the GST framework and getting the prices und...

 🦚 Namaskar! *GST Updates 04.03.2021* GST अफसरों ने कंपनी पर लगाया था 22 लाख रुपए टैक्स+पेनल्टी, हाई कोर्ट ने 1000 Rs किया-Jabalpur HC. GST body could correct inverted duty on textile, fertiliser, footwear in March. PIL filed before Allahabad High Court seeking establishment of State Bench of GST Tribunal in Lucknow. Odisha’s Feb GST collection highest in country. _GST Knowledge Series -1_ Link: https://youtu.be/uW7-CeiitSA *All about GST Audit Documentation at our Telegram Channel* _Code of Ethics_ _Audit Checklist_ _MRL_ _Audit Disclosures_ _Recipient Letter to Supplier_ Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 

 🦚 Namaskar! *GST Updates 03.03.2021* GST collections signal robust e-way bill generation in March, shows data. GST collections surpass Rs 1 lakh crore mark for the fifth consecutive month. Default Assessment under DVAT Act shall be completed within 4 Years: Delhi High Court. Hindustan Times and many Newspapers: ICAI president Nihar N Jambusaria said: “We are of the firm view that provisions relating to GST audit and certification of reconciliation statement by a chartered accountant should be retained in the GST law.”   *All about GST Audit Documentation at our Telegram Channel* _Code of Ethics_ _Audit Checklist_ _MRL_ _Audit Disclosures_ _Recipient Letter to Supplier_ Regards *CA. Praveen Sharma*, _Your's GST Mitra_ +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 

GST collection in the month of February stood at Rs 1.13 lakh crore, 7 percent higher year-on-year, but lower than an all-time high of nearly Rs 1.20 lakh crore in January, official data showed on March 1.

The government’s decision to do away with the mandatory Goods and Services Tax (GST) annual audit requirement by professionals such as chartered accountants will help over 10 million firms save audit fees worth about ₹30,000 crores annually, besides reducing compliance burden, two officials with direct knowledge of the matter said.

 🦚 Namaskar! *GST Updates 02.03.2021* The GST collection in February this year stood at Rs 1.13 lakh crore. There is 7% increase in collection showing economic recovery: Finance Ministry. Centre releases ₹1.04 lakh crore GST compensation shortfall to states since October 2020. Awadh Bar Association Moves Allahabad High Court For GST Appellate Tribunal At Lucknow. Petition in Kerala High Court challenges Conditions imposed for lifting of Provisional Attachment of Bank Account. Hospitals may have to pay GST on food to inpatients. *All about GST Audit Documentation at our Telegram Channel* _Code of Ethics_ _Audit Checklist_ _MRL_ _Audit Disclosures_ _Recipient Letter to Supplier_ Regards *CA. Praveen Sharma* +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh

 

 🦚 Namaskar! *GST Updates 01.03.2021* *Due date for filing GSTR-9 and 9C for FY 2019-20 has been extended to March 31, 2021* Notification 04/2021-CT. Bringing petroleum products under GST will be good move, says chief economic advisor. Traders body to launch agitation from Mar 5 against GST, e-commerce issues. Sunday @Kochi: Office-bearers of the ICAI met FM Nirmala to discuss the implications of the move to dispense with audit under the GST Act. The FM expressed concern over the level of tax evasion. She said that the opinion of the ICAI will be given due consideration. *All about GST Audit Documentation at our Telegram Channel* _Code of Ethics_ _Audit Checklist_ _MRL_ _Audit Disclosures_ _Recipient Letter to Supplier_ Regards *CA. Praveen Sharma* +91 9871530610 _NIRC Candidature_ Save my Mob. No. for more GST updates. *Join our Telegram Channel:* https://t.me/praveengst *Follow on Twitter:* @capraveensh