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I-T- As per settled position in law, if let out property remains vacant during whole of relevant AY, then its ALV is to be taken as NIL: ITATUttarakhand Govt cancels manufacturing licence of 14 products of PatanjaliI-T - If assessee has supplied raw materials or directed vendors to purchase from its associate to complete manufacturing, it is 'contract for sale' & not 'contract of work': ITATIMF okays USD 1.1 bn bail-out package for PakistanI-T - CIT(E) should decide afresh application in Form No. 10AB for grant of registration u/s 12A(1)(ac)(iii), if application of trust was rejected without following natural justice: ITAT3 police officers killed in shoot-out in CarolinaI-T - If PCIT himself was satisfied that there was no error in order of AO vis-à-vis irregularities noted by him initially, there can be no case for exercising any revisionary power u/s 263: ITATGaza protesters on Columbia Univ campus turn tin-eared to police warningsI-T - Extension given for getting special audit done u/s 142( 2A) suffers from multiple infirmities, then assessment order is held to be void ab-initio: ITATBus swings into gorge; 25 Peruvians killedI-T - Sale consideration received in cash in lieu of agreement of sale upon failure of deal, cannot be penalized u/s 271D: ITATBattle against cocaine cartel: 9 Colombian soldiers perish in copter crashI-T- Payment made by NSE to Core SGF is business expenditure allowed u/s 37(1): ITATICG, ATS Gujarat seize Indian fishing boat carrying 173 kg of narcoticsGST - No hearing notice sent - Petitioner was prejudiced inasmuch as he could not be present at the time of personal hearing and the case was decided in his absence adversely - Matter remanded: HCTwo-Day Critical Minerals Summit begins in New DelhiGST - A taxpayer's registration can be cancelled with retrospective effect only where consequences of customers being denied ITC are intended and warranted: HCSC stays HC order directing CBI to probe against WB officials’ role in teachers’ recruitment scamGST - Proper Officer has not applied his mind to the replies submitted but merely held that the same is not proper - This ex facie shows non-application of mind - Order set aside and matter remanded: HC9 killed as two vehicles ram into each other in ChhattisgarhGST - If the proper officer was of the view that the reply submitted is unsatisfactory, he could have sought further details from petitioner - Matter remitted: HCConsumer court orders Swiggy to compensate for failure to deliver Ice CreamGST - CBIC is directed to look into the issue of automatic generation of non-migrated GST numbers and take rectificatory steps to identify such non-migrated numbers and cancellation thereof: HCRequisite Checks for Appeals - Court FeeST - GTA Service supplied by assessee & Service Tax already paid by service recipient - same activity cannot be taxed again in hands of service provider under SOTG service - no scope for double taxation in statute: CESTATThe 'taxing' story of Malabar Parota, calories notwithstanding!CX - As Unit No. I is entitled to take CENVAT Credit of duty paid by Unit No. II, it is a revenue neutral situation, thus extended period of limitation cannot be invoked: CESTAT
 
GSTR-9 & GSTR 9C for FY 2018-19 - CBIC issues clarification

By TIOL News Service

NEW DELHI, OCT 10,2020: VIDE notification No. 69/2020 -Central Tax, dated 30.09.2020, the due date for furnishing of the Annual Return for the FY 2018-19 has been extended till 31.10.2020.

Certain representations have been received stating that the auto populated GSTR 9 for the year 2018-19 (Tables 4, 5, 6 and 7) also includes the data for FY 2017-18. However, this information for FY 2017-18 has already been furnished by the taxpayers in the annual return (GSTR9) filed for FY 2017-18 and there is no mechanism to show the split of two years (2017-18 & 2018-19) in FORM GSTR-9 for 2018-19.

In this regard, it is clarified that the taxpayers are required to report only the values pertaining to Financial Year 2018-19 and the values pertaining to Financial Year 2017-18 which may have already been reported or adjustedare to be ignored. No adverse view would be taken in cases where there are variations in returns for taxpayers who have already filed their GSTR-9 of Financial Year 2018-19 by including the details of supplies and ITC pertaining to Financial Year 2017-18 in the Annual return for FY 2018-19.

All the taxpayers are requested to avail the benefit of the extended due date and file their Annual Return (FORM GSTR-9) at the earliest to avoid last minute rush. It may be noted that furnishing of the Annual return in FORMGSTR-9 ismandatory only for taxpayers with aggregate annual turnover above Rs. 2 crore while reconciliation statement in FORMGSTR-9C is to be furnished only by the registered persons having aggregate turnover above Rs. 5 crore.


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