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Navigating GST and TDS on Rent: A Comprehensive Guide for Tenants

Comprehensive Guide on GST on Rent Introduction Goods and Services Tax (GST) is an indirect tax implemented in India on the supply of goods and services. One of the significant areas where GST is applicable is the rental income derived from the leasing of commercial properties. This guide will provide an in-depth understanding of how […]


Comprehensive Guide to GSTR-9C: Reconciliation Statement & Certification

1. Introduction to GSTR-9C What is GSTR-9C? GSTR-9C is a reconciliation statement mandated under the Goods and Services Tax (GST) regime in India. It is a statement of reconciliation between the annual returns filed in GSTR-9 and the audited annual financial statements of the taxpayer. This document ensures that the values reported in the GST […]


GST Portal Update: New feature to select Core Business

The Goods and Service Tax Network (GSTN) has enabled the new feature to select Core Business Activity enabled on GST Portal. Just, the Goods and Services Tax Network (i.e., GSTN) has introduced a new feature namely ‘Core Business Selection’. Vide the feature; the registered taxable person is required to select the core business activity in […]

Late Fee Reduction under GST

For the first time, in the 40th GST Council meeting held on 12th June 2020, the council recommended late fee reduction/ waiver with respect to delay in filing Form GSTR-3B for the earlier period. The relief will help clear the backlog of returns and impart some working capital relief to the taxpayer in current pandemic situation. Interestingly, after the […]

GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend

Considering the difficulties being faced by taxpayers in filing GSTR-9 and GSTR-9C for FY 2017-18 it has been decided to extend the due dates in a staggered manner for different groups of States to 3rd, 5th and 7th February 2020 as under. Notifications will follow. Group 1: Maharashtra, Karnataka, Goa, Kerala, Tamil Nadu, Puducherry, Telangana, […]

GST Audit An Overview

GST is a trust based taxation regime wherein the registered dealer is required to self- assess his returns and determine tax liability. Audit has been defined in section 2(13) of the CGST Act, 2017 and it  means the examination of records, returns and other documents maintained or furnished by the registered person under the GST Acts or […]

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 […]

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