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Composition Scheme under GST

    

Treatment of Job Work in GST and Form ITC-04

    

Paver blocks laid down for parking of cars to avoid quicker wear & tear due to accumulation of water & dust amounts to construction of immovable property and not eligible for GST Input: Says AAR

    

Rule 36(4) - Buyer's ITC at the mercy of supplier?

    

High Court stayed interest, penalty and further investigation of other products of Whirlpool in response to writ filed by them.

    

Poultry Meal to attract 5% GST whereas Poultry Fat to attract 12% GST: Says AAR

    

GST on lease premium charges, annual lease rentals and maintenance charges paid on lease of land for own bulding construction is restricted and not eligible for ITC as per section 17(5)(d): Says AAR

    

Supply of food to Hospital on outsourcing basis to hospital patients shall be chargeable to 5% GST with no input w.e.f. 27.07.2018: Says AAR

    

GST Profiteering of Rs. 1,57,200 established in the case of supply of Duracell Battery AA/6 by respondent.

    

Revocation of GST Registration Applications

    
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Finance Bill

CBIC
Press Note
03.07.2020

Late fee capped at Rs. 500/- for each GSTR-3B Return.

In a major relief to the GST taxpayers, the government has decided to cap the maximum late fee for Form GSTR-3B at Rs. 500/- (five hundred only) per return for the tax period July 2017 to July 2020 subject to the condition that such GSTR-3B returns being filed before 30th September 2020.

A notification has been issued to provide for nil late fees if there is no tax liability; and, if there is any tax liability then a maximum late fee of Rs. 500 per return would be applicable to such GSTR-3B returns filed up to 30th September 2020.

Various representations were received to give further relief in the late fee charged for the tax periods of May 2020 to July 2020. in addition to earlier provided relief for February 2020 to April 2020 and relief provided for cleaning up past pendency of returns from July, 2017 to January, 2020. Also, a uniform late fee is simpler in design and easier to implement on an automated common portal.

So the late fee is capped at Rs. 500/- only per return, if filed before 30th September 2020.

View CBIC Press Note


CBIC Press Note

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Published by

TaxReply

on Jul 3, 2020

Comments


good initiative by govt
By: Roshan Kumar | Dt: Jul 4, 2020


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