GST MAGAZINE UPDATE MONTH OF JUNE 2021 || ONLINE PUBLICATION- 18.06.2021

S.No

CONTENTS

Page No.

1.

Important GST Due Date Calendar with 

• For the registered persons who have failed to furnish the return in FORM GSTR-3B, for the months /quarter of July, 2017 to April, 2021, by the due date:
• For the tax period of June, 2021 onwards or quarter ending June, 2021 onwards
• Form GSTR 3B: Due dates, Tax payment, Late Fee and Interest

2.

Fifth Amendment, 2021 to CGST Rules 2017

• Notification No. 27/2021 – Central Tax – Dated- 1st June, 2021 

Article on composition scheme-Amended up to 01.06.2021 

• Introduction
• The Turnover Limit for the Composition Levy
• Persons not entitled to avail composition scheme
•  Composition Scheme. Tax Rate
• After- 01.04.2019 (Composition Scheme & Presumptive Scheme)
• What Happened Turnover during a financial year exceeds the limit (CGST Section 10 (3))
• CGST Section 10 (5)
• Billing
•  Palace of Supply
•  E-Commerce Operator
• Input Tax Credit and Restriction of collection of tax
• Payment of Tax
• Filling of return
• Important Due Dates and Form
•  Penalty for delay filing of GSTR 4/CMP-08

Important Case Laws/ Advance Ruling by AUTHORITY ON ADVANCE RULINGS– Month of June-2021

• In re Udupi Nirmithi Kendra (GST AAR Karnataka):-Authority for advance rulings explains Requirement of TDS under Sec. 51 of CGST Act 2017-
• In re M/s Wave Colour Techniks (GST AAR Karnataka):- GST on Machinery used for processing & packing of raisins & sold to framers & farmer clusters- 

Case Name law: – Vennapusa Venkata Subba Reddy Vs Union of India

• Fake GST invoices case: High court ask petitioner to approach Court of Special Judge for Economic Offences