GST Update | Nimesh Hariya and Associates

ITC on CSR activities

CA Nimesh Hariya — Sat, 03 Apr 2021 23:44:51 +0000

company cannot claim Input Tax Credit (ITC) on CSR activities as CSR activity expenses are not allowable in Incometax.

Hence ITC cannot be claimed.
(Polycab wires pvt.ltd
2019 24 GSTL 103 AAR KAR)

Generating E-Invoice for B2B supply

CA Nimesh Hariya — Thu, 01 Apr 2021 18:03:38 +0000

Attention GST Taxpayers whose aggregate turnover exceeds Rs.50 crore in a Financial Year! Generating E-Invoice for B2B supply of Goods or Services or both is mandatory w.e.f April 01, 2021.

GST Annual Return FY 2018-19

CA Nimesh Hariya — Tue, 05 May 2020 17:28:15 +0000

CBIC has issued 5 notifications dated 5th May 2020 compiled summary below

Notification No. 38/2020 | NIL Return Via SMS & OTP/ EVC for Company.
Notification No. 39/2020 | Company under Insolvency.
Notification No. 40/2020 | Validity of E-Way Bill.
Notification No. 41/2020 | Annual Return and Audit Extension for FY 2018-19.
Notification No. 42/2020 | GSTR-3B | Jammu and Kashmir & Ladakh.

Notification Download

GST PMT 09

CA Nimesh Hariya — Fri, 01 May 2020 11:30:51 +0000

Important Update on GST Portal

File FORM GST PMT 09, to transfer/shift the money available in Electronic Cash ledger, between various major and minor heads of GST.

https://www.gst.gov.in/newsandupdates/read/375

GST Update – PMT 09

CA Nimesh Hariya — Tue, 21 Apr 2020 08:37:20 +0000

Form PMT – 09 is available on GST portal. Now, taxpayer can transfer the cash balance available under one head to another head of tax i.e. from CGST to SGST or interest or penalty or vice versa.