Cumulative adjustment of restricted ITC u/R 36(4) for April & May, 2021
Provision is made for prescribing a cumulative limit under Rule-36(4) for ITC claimed in periods April & May 2021. The said sub-rule says...
Read moreAmendments in the Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 w.e.f. February, 2021
The Customs (Import of Goods at Concessional Rate of Duty) Rules, 2017 have been recently amended in February, 2021 in view of the demands from...
Read moreGeneration of GSTR-2B of April, 2021 on 29.05.2021.
Generation of auto-drafted statement containing the details of input tax credit in GSTR-2B for counter-party recipients is normally made available...
Read more“Special Refund and Drawback Disposal Drive” by Customs department
Instructions have been issued to the Customs department to hold a “Special Refund and Drawback Disposal Drive” with the objective of priority...
Read moreRestoration of facility of Letter of Undertaking in lieu of Bond to facilitate Customs clearance
Considering the lockdown/constraints in various parts of the country and to facilitate the Customs clearance process, the Board has decided to...
Read moreExtension of validity of RCMC beyond 31.03.2021
In view of the current Covid 19 pandemic, the DGFT will not insist on valid RCMC (in cases where the same has expired on or before 31.03.2021)...
Read moreIntroduction of a new online module for filing of electronic, paperless applications for export authorizations, etc.
DGFT has introduced a new online module for filing of electronic, paperless applications for export authorizations with effect from 17.05.2021...
Read moreConcessional rate of interest per annum for failure to file GSTR-3B of April & May, 2021 by the due date
S. No. Class of registered persons Rate of Interest Tax Period 1 Taxpayers having aggregate turnover of more than Rs. 5 Cr in the preceding FY 9 %...
Read moreWaiver of late fee for failure to file GSTR-3B of March & April by due date
S. No. Class of registered persons Tax Period Period for which late fee waived 1 Taxpayers having an aggregate turnover of more than Rs. 5 Cr in...
Read moreExtension of due date for filing GSTR-4 for FY 2020-21
Composition persons & persons availing concessional rate of tax vide Notfn No. 2/2019-CT(R) can file the annual GSTR-4 return for the FY...
Read moreExtension of due date for filing ITC-04 for January to March, 2021
Due date for furnishing of GST ITC-04, in respect of goods dispatched to a job worker or received from a job worker, during the period from...
Read moreExtension of due date for filing GSTR-1 for April, 2021
Due date for filing GSTR-1 for April, 2021 is extended from 11.05.2021 to 26.05.2021.
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