PMT 09 on GST Portal

What is GST PMT 09? Earlier launched by CBIC via notification no. 31/2019 CT on 28th June 2019, PMT 09 is the prescribed challan for relocating the falsely or erroneously paid ITC. For example, if you have paid CGST instead of SGST, you can rectify it by using this challan which […]

Filing Dates extended for providing relief to taxpayers in view of COVID-19 pandemic

Filing Dates extended for providing relief to taxpayers in view of COVID-19 pandemic- Part 1 07/04/2020 Due to COVID-19 pandemic and challenges faced by taxpayers, Government has extended dates for GST filings. These are notified in Notifications 30/2020 to 36/2020 dated 03.04.2020. Circular No. 136/06/2020-GST dated 3rd April, 2020 has been issued. 1. Normal Taxpayers […]


[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 07/2020 – Central Tax New Delhi, the 3 rd February, 2020 G.S.R…..(E).– In exercise of the powers conferred […]

Highlights of Union Budget 2020-21

-For MSME sector Audit threshold for MSMEs raised to ₹5 crore from ₹1 crore -More on tax front -100% tax exemption on Soverign Wealth Funds’ Indra Investment. -Concessional 5% withholding tax entended to municipal bonds, Nirmala Sitharaman -FM Nirmala Sitharaman on the new tax regimes: Lowest, simplest, smoothest -On DDT Dividend Distribution Tax […]


RAJASTHAN INVESTMENT PROMOTION SCHEME - 2019 In order to generate employment opportunities and promote rapid, sustainable and balanced economic growth in the State of Rajasthan, the State Government of Rajasthan, in public interest, hereby issues “The Rajasthan Investment Promotion Scheme, 2019” (RIPS-2019) (hereinafter referred to as “the Scheme”) to provide benefits [...]

38th Meeting of the GST Council

Highlights of 38th GST Council Meeting 1. Due dates extended for GSTR-9 and GSTR-9C for FY 2017-18 till 31 January 2020 The due date of GSTR-9 and GSTR-9C are extended further till 31 January 2020 from the earlier date of 31 December 2019. It was done to allow more time for […]

Reverse Charge Buying from URD Dealers

Reverse Charge Mechanism (in case of supplies made by unregistered persons to registered persons) made applicable vide Notification No. 13/2017- Central Tax (Rate) dated 28th June, 2017 deferred to 30th september 2019 vide Notification No. 01/2019 – Central Tax (Rate) dated 29th January 2019 and will apply starting from 1st October […]