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Tax Audit due date extension AY 2019-20

    

GST Council 37th Meeting Update

    

Corporate tax rates slashed to 22% for domestic companies and 15% for new domestic manufacturing companies and other fiscal reliefs

    

Fake Input and refund of IGST on exports - crackdown by DGGI and DRI

    

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Changes in 36th GST Council Meeting held on 27th July 2019

    

CMP-08 due date for quarter April 2019 to June 2019 extended till 31st July 2019

    

Press Release restricting the last date for availing ITC for FY 2017-18 is illegal : Gujarat High Court

    

Budget 2019 Highlights - 05 July 2019

    

Transfer of GST amount from one head to other head (Form GST PMT - 09)

    

DGGST arrests one person for availing and passing fake ITC of Rs.16 Crore.

    

Notification issued to extend the date of blocking and unblocking on e-way bill facility to 21.08.2019.

    

Press Release of 35th GST Council Meeting held on 21st June 2019

    

Issues reported in filing Form GSTR 9C by the taxpayers : Advisory by Team GSTN

    

Issues reported in filing Form GSTR 9 by the taxpayers: Advisory by Team GSTN

    

New GST Return Transition Phase applicable from Oct 2019

    

Latest amendments in GST enacted on 07.03.2019

    

Recommendations of the 33rd GST Council meeting held on 24.02.2019

    

GSTR-3B due date for January 2019 has been extended upto 22.02.2019

    

New GST Input-Output Set off Rules w.e.f. 01.02.2019

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CBIC has inserted a new form GST PMT-09, wherein taxpayer can transfer any amount of tax from one head to other head (including Major and Minor head). Currently this facility is available for electronic cash ledger only. A new sub rule [Rule 87(13)] has been inserted to give effect on the same. However effective date of this sub rule is yet to be notified by CBIC.

Rule 87(13) - A registered person may transfer any amount of tax, interest, penalty, fee or any other amount available in the electronic cash ledger under the Act to the electronic cash ledger for integrated tax, central tax, State tax or Union territory tax or cess in FORM GST PMT-09.

GST PMT-09

5. Details of the amount to be transferred from one account head to another.

Amount to be transferred from 

Amount to be transferred to

Major head

Minor head

Amount

available

Major Head

Minor head

Amount

transferred

1

2

3

4

5

6

Central Tax, State/UT Tax, Integrated Tax, Cess

Tax 

 

Central Tax, State/UT Tax, Integrated Tax, Cess

Tax 

 

Interest

 

Interest

 

Penalty

 

Penalty

 

Fee

 

Fee

 

Others

 

Others

 

Total

 

Total

 

 



ID: 496 | Date 01-07-2019 | Posted By:

CA Mohit Jain

Comments


Yes it is one of good decision by GST team.

Comment By: Satish M | Date: 01-07-2019
Good. we are waiting for this from the inception.

Comment By: G.Venu gopal | Date: 21-07-2019


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