Important Keyword: CBEC-20/06/04-2020 -GST, Circular No. 138/08/2020-GST, Circular No.136/06/2020-GST, Circular...

GST > Circulars CGST 2020
Various representations have been received seeking clarification on the issue relating to refund of accumulated ITC in respect of invoices whose details are not reflected in the FORM GSTR-2A of the applicant. In order to clarify these issues and to ensure uniformity in the implementation of the provisions of law in this regard across the field formations, the Board, in exercise of its powers conferred by section 168 (1) of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as “CGST Act”), hereby clarifies the issues detailed hereunder:
Various references have been received from trade and industry seeking clarification whether the GST is leviable on Director’s remuneration paid by companies to their directors. Doubts have been raised as to whether the remuneration paid by companies to their directors falls under the ambit of entry in Schedule III of the Central Goods and Services Tax Act, 2017 (hereinafter referred to as the CGST Act) i.e.
Circular No. 136/06/2020-GST, dated 03.04.2020 was issued by the Board on the subject issue clarifying various issues relating to the measures announced by the Government providing relief to the taxpayers. The GST Council, in its 40th meeting held on 12.06.2020, recommended further relief to the taxpayers and accordingly, following notifications have been issued:
Circular No. 142/12/2020 – GST: Clarification relating to application of sub-rule (4) of rule 36 of the CGST Rules, 2017.
Nov 30, 2023 | GST, 2020 Circulars, Circulars, Circulars CGST 2020
Important Keyword: CBEC-20/06/04-2020 -GST, Circular No. 138/08/2020-GST, Circular No.136/06/2020-GST, Circular...
Nov 30, 2023 | GST, 2020 Circulars, Circulars, Circulars CGST 2020
Important Keyword: FORM GSTR-2A, CBEC-20/06/03-2020 -GST, Circular No. 139/09/2020-GST, Section 168 (1) CGST Act 2017,...
Nov 30, 2023 | GST, 2020 Circulars, Circulars, Circulars CGST 2020
Important Keyword: CBEC-20/10/05/2020 -GST, notification No. 13/2017 – Central Tax, Section 168(1) CGST Act, section...
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.