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Due Dates: GSTR 3B, GSTR 1, (GSTR 9, and GSTR 9C) and GSTR 4 Respectively as Follows: 20 March, 11 March , 31 March and 18 Apr 2020 (Read a Guide)
The Authority for Advance Ruling (AAR) said that tdo get a pollution certificate, the vehicle owners will have to pay 18 per cent GST for their vehicle pollution check.
On an application filed by Venkatesh Automobiles in which it was asked about the exemption on issuing ‘Pollution Under Control’ (PUC) from Goods and Services Tax, a rule was passed by the Goa bench of the AAR.
The Finance Ministry had recently extended the deadline for filing September 2018 GSTR-3B sales returns to October 25. The earlier deadline was October 20.
Along with the deadline for return filing, the due date for ITC (input tax credit) claim for the period of July 2017-March 2018 has also been extended till October 25.
Traders, however, are not very happy with the news as the extension of just 5 days is not expected to cause any benefit. In response to the notice, Confederation of All India Traders (CAIT) wrote a letter to finance minister asking him to further extend the deadline for September GST returns filing till December 31, as the businessmen are still facing a lot of technical issues on the GST portal which slows down the filing process.
Indian companies have been facing issues regarding how to claim hundred of crores of input tax credit for the previous financial year under the new Indirect Tax Regime. Furthemore, there are chances that companies might lost it if they haven’t justify the claim with vendor returns.
The last date for claiming input tax credit is October 20, while vendors can file the sales returns until 31st October. A difficult situation has arrived with this, as vendors would not be able to reconcile the returns.
Under Goods and Services Tax (GST) Regime, the business units who have chosen the composition scheme are not required to give the information of goods bought from their vendors while filing GSTR-4 Form return.
While filing the quarterly return in the Form GSTR-4, there have been few problems faced by the composition dealers in the non-appearance of auto-population of the details of inward supplies collected from registered suppliers.
The Authority for Advance Ruling (AAR) said that Goods and Services Tax (GST) will be attracted if free or complimentary tickets will be given by the franchise owner for IPL matches.
The owner and operator of IPL cricket team Kings XI Punjab, in return to an application filed by K P H Dream Cricket Pvt Ltd, the Punjab bench of AAR has stated that giving complimentary tickets in free of cost would be observed as the supply of services and tax will be applicable.
In an advance ruling by the Authority for Advance Ruling (AAR), Kerala it is ruled that now the co-owner of a jointly owned property does not need a GST registration separately.
The decision comes on the basis of the threshold limit set under section 22 of the Central Goods and Services Tax (CGST) Act, where the co-owner is collecting the rent on the property.
GSTR 9C is defined as an annual GST audit form for the taxpayers who have the turnover above 2 crores in a specific financial year. The taxpayer must fill the reconciliation statement with the certification of an audit, along with the GSTR 9C audit form. The GSTR 9C format was introduced by the authorities on September 13, 2018, which states the Notification No. 49/ 2018- Central tax.