Blogs
Summary of decisions taken by the GST Council in 39th Meeting on 14th March 2020
[proposed to be made effective from 1stApril 2020]
|
Supply of goods/ service |
Present GST rate |
Proposed by GST council |
|
Mobile Phones & specified parts |
12% |
18% |
|
All types of Matches |
Handmade: 5% Others: 18% |
12% |
|
Maintenance, Repair and Overhaul (MRO) Services for aircrafts ... |
Summary of Union Budget 2020-21 - Hiregange & Associates
KEY CHANGES IN GOODS AND SERVICES TAX ACT 2017
– Section 2(114) of CGST Act 2017
The definition of Union Territory is amended to replace/include the UTs of Dadra and Nagar Haveli and Daman and Diu; and Ladakh. This amendment would be effective from a future notified date.
Our Comments: This amendment was made to give effect to making Ladakh a Union Territory with effect from 31.10.2019 and making Dadra and Nagar Haveli...
Read moreSummary of Notifications issued on 10th & 13th January 2020
- Waiver of Late Fees for GSTR-[1] extended till 17th January 2020:
[Notification No. 04/2020-CT dated 10th January 2020]
Late fees for filing return in Form GSTR-1 for the months/ quarters from July 2017 to November 2019 was waived, if the said returns could not be furnished by the relevant due dates but filed between the period from 19.12.2019 to 10.01.2020. Recently, the above waiver of late fees was extended for GSTR-1 returns filed upto 17th January 2020 vide Notification No....
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