The GST Council in its 27th meeting held on 4th May, 2018 resolved that GSTN will be converted into a 100% Government-owned entity by transferring 51% equity shares held by the Non-Government Institutions to the Centre and States equally. This was stated by Shri Anurag Thakur, Union Minister of State for Finance & Corporate Affairs, …
The 40th GST council meeting, first since lockdown, was held on Friday under the chairmanship of Finance Minister Nirmala Sitharaman. The GST Council has made the following recommendations on Law and Procedures changes. Reduction in Late Fee for past Returns As a measure to clean up pendency in return filing, late fee for non-furnishing FORM …
Key decisions and recommendations in 40th GST concil meeting Read More »
Form PMT-09 (i.e. a challan) is activated on GST portal on 21st April 2020 for shifting wrongly paid Input Tax Credit. This enables a registered taxpayer to transfer any amount of tax, interest, penalty, etc. that is available in the electronic cash ledger, to the appropriate tax or cess head under IGST, CGST and SGST …
Form PMT-09 is available available on GST portal Read More »