CBIC issued notification to further extend the amnesty scheme i.e. waiver of Late Fees for GSTR – 1

The CBIC vide Notification No. 04/2020 – Central Tax dated January 10, 2020, which further extends the time limit for filing of GSTR-1 in order to avail late fee waiver for the period July 2017 to November 2019 up to January 17, 2020. The GST council in its 38th meeting had recommended that late fee chargeable on […]

GSTR-1 Amnesty Scheme i.e. waiver of Late Fees to file GSTR–1 Extended

Ministry of finance has extended the due date of amnesty Scheme i.e. waiver of Late Fees to file GSTR–1 from 10 Jan 2020 to 17 Jan 2020. Source# Ministry of Finance Twitter Handle

What is Goods and Service Tax?

GST is an Indirect Tax which has replaced many Indirect Taxes in India. The Goods and Service Tax Act was passed in the Parliament on 29th March 2017. The Act came into effect on 1st July 2017; Goods & Services Tax Law in India is a comprehensive, multi-stage, destination-based tax that is levied on every value addition. In simple words, Goods and Service […]

No Goods and Service Tax (GST) for Duty-Free Shops

As per the Authority of Advance Ruling (AAR), the court ruling has clarified that goods sold at the Duty-Free Shops at the arrival and departure terminals of international airports shall be considered as export of goods under CGST Act, 2017. It would also be considered as export of goods under the GST Act. Hence, tax shall not […]


GST is meant to bring every indirect form of tax under one roof. For small and medium sized businesses, owners or manufacturers have to take care of different taxes and have to run to various departments to fulfill all the tax-related documentations. Some file different  taxes  annually, half-yearly.     THE CHANGES IN TAX RATE COME INTO FROM JULY […]

Repair expenses of motor vehicles -is ITC available?

  Through CGST  Amendment Act 2018, the law on this point has been amended by inserting clause (ab) to Sec. 17(5) to specifically deal with the matter. The meaning and purport of this new clause is that ITC in respect of services of general insurance, servicing, repair and maintenance related to a motor vehicle is […]

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