October 6

📣 THE SUMMARY OF 42ND GST COUNCIL MEETING

KEY POINTS OF MEETING

🔹 EFFECTIVE 1ST JANUARY 2021, SMALL TAXPAYERS WITH TURNOVER

LESS THAN RS 5 CRORE, CAN FILE QUARTERLY GSTR-3B AND GSTR-1.

🔹 THE DUE DATE OF FURNISHING QUARTERLY GSTR-1 WILL BE THE 13TH

OF THE MONTH SUCCEEDING THE QUARTER; THIS IS EFFECTIVE FROM

01.1.2021. HOWEVER, TAXPAYERS CAN UPLOAD INVOICES EVERY MONTH.

🔹 STARTING FROM 1ST JANUARY 2021, THE NUMBER OF RETURNS HAVE

BEEN REDUCED TO 8 FROM 24 FOR TAXPAYERS WITH LESS THAN RS 5

CRORE TURNOVER.

🔹 SUCH QUARTERLY TAXPAYERS WOULD, FOR THE FIRST TWO MONTHS

OF THE QUARTER, HAVE AN OPTION TO PAY 35% OF THE NET CASH TAX

LIABILITY OF THE PREVIOUS QUARTER, USING AN AUTO-GENERATED

CHALLAN.

🔹 A ROAD MAP HAS BEEN PREPARED FOR THE AUTO-GENERATION OF

GSTR-3B, WHERE THE ITC WILL BE AUTO-POPULATED FROM THE

SUPPLIER’S GSTR-1, AND THE TAX LIABILITY WILL BE AUTO-POPULATED

FROM THE BUSINESS’ GSTR-1. TO ACHIEVE THIS, THE GSTR-1 SHOULD

BE FILED MANDATORILY BEFORE FILING GSTR-3B W.E.F. 01.04.2021.

🔹 ALL TAXPAYERS WILL CONTINUE TO PAY GST DUES MONTHLY

THROUGH A SIMPLE CHALLAN. A NIL CMP-08 WILL BE ALLOWED TO BE

FILED THROUGH AN SMS.

🔹 EFFECTIVE 1ST APRIL 2021 – TAXPAYERS WITH TURNOVER EXCEEDING

RS 5 CRORE, HSN CODE UP TO 6 DIGITS MUST BE MENTIONED. FOR

TURNOVER LESS THAN RS 5 CRORE, HSN CODE UP TO 4 DIGITS NEED TO

BE MENTIONED FOR B2B SUPPLIES FOR BOTH GOODS AND SERVICES.

FOR NOTIFIED CLASSES OF GOODS, 8 DIGITS WILL NEED TO BE

MENTIONED.

🔹 REFUNDS TO BE GIVEN INTO BANK ACCOUNTS WHERE PAN AND

AADHAAR LINKING IS DONE. AADHAAR AUTHENTICATION FACILITY

(WITH OTP) IS NOW ALLOWED FOR REFUND APPLICATIONS. THIS

DISCOURAGES TAXPAYERS FROM MISUSING THE SYSTEM.

🔹 GST EXEMPTION PROVIDED TO SATELLITE LAUNCH SERVICES BY ISRO

AND ANTRIX CORPORATION, TO ENCOURAGE THE SPACE LAUNCHING

SERVICES IN INDIA.

🔹 NON-ALCOHOL BASED SANITISERS WILL CONTINUE TO BE TAXED AT

AN 18% GST RATE.

🔹 THE COMPENSATION CESS COLLECTED TILL NOW ACCOUNTS TO

RS.20,000 CRORE, AND THE SAME WILL BE DISBURSED TO THE STATES

BY TONIGHT.

🔹 THE AMOUNT OF RS.25,000 CRORE TOWARDS IGST OF 2017-18 WILL

ALSO BE DISBURSED TO SPECIFIC STATES BY NEXT WEEK.

🔹 THE NEXT COUNCIL MEETING WILL BE HELD ON 12TH OCTOBER 2020

TO RESOLVE COMPENSATION ISSUES FOR STATES.

October 5

WHO, WHERE AND HOW YOU CAN FILE APPEAL WHEN YOU ARE REGISTERED UNDER GST?

FOR ASSESSES WHO IS REGISTERED UNDER GST AND HAVING VALID

GSTIN AND WHO’S JURISDICTION FALL UNDER SGST (STATE)

JURISDICTION IN NOIDA, UTTAR PRADESH.

WHO CAN FILE APPEAL?

IF THE ASSESSES IS UNSATISFIED WITH THE ORDER OF SGST ASSESSING

OFFICER AND WANT TO RECTIFY ODERDER IN THAT CASE ASSESSES MAY

FILE AN APPEAL TO FIRST APPELLANT AUTHORITY.

TO WHOM YOU CAN FILE APPEAL?

TO FILE APPEAL TO THE FIRST APPELLANT AUTHORITY THAT IS ADDL.

COMMISSIONER GRADE-2 (APPEAL)-I NOIDA.

WHAT DOCUMENTS YOU NEED TO FILE?

  1. FORM ALT-01 (AS PER GST).
  2. ORIGINAL COPY OF ORDER.
  3. GROUND OF APPEAL
  4. DETAIL DESCRIPTION ABOUT DISPUTE.
  5. OTHER DOCUMENTS TO SUPPORT YOUR CLAIM.

APPEAL NEED TO BE FILE ON BELOW MENTION ADDRESS WITH THE

TRIPLICATE COPY OF ALL DOCUMENTS.

*APPEAL SHOULD BE FILED WITH IN 3 MONTH FROM THE DATE ON

WHICH THE SAID DECISION OR ORDER COMMUNICATED.

ADDRESS:  SALE TAX OFFICE (NOIDA)/GST OFFICE

                      440-444, GANGA SHOPPING COMPLEX,

                     SECTOR -29, UTTAR PRADESH-201301.

                        +(91)-120-2450703

October 2

How to update KYC EPF UAN Online?

How to update KYC EPF UAN Online?,

To update KYC details in members UAN portal, Aadhar, PAN, PF Account for EPF Aadhaar Link Online from EPF India Portal,

Link EPF Aadhar to EPF Account Online – A Complete Process….

यह भी KYC Update पढ़ें- EPF kay barey mai

An employer can their EPF account and KYC norms only by linking AADHAR through EPFO portal.

Recently, the EPF organization has introduced a new scheme to link your EPF account.

update KYC - Epf Gur Site icon
update KYC – Epf Gur Site icon

By linking your account, you can check your providential fund account balance, PF statements

, submit PF queries or withdrawal of money from your EPF account. Retirement fund manager EPFO has recently launched an online facility for

यह भी पढ़ें- EPF employee

its subscribers to link their 12-digit unique Aadhaar number with their Universal (portable PF) Account Number (UAN).

Meeting the know your customers (KYC) norms by the Employees Provident Fund Organization (EPFO) subscribers help them access a host of online

services. Now you can check your PF account balance, statements, submit online PF transfer claims (or) make partial/full withdrawal of money from your PF account online.

यह भी पढ़ें KYC Update – EPF UAN Login

But to avail most of these facilities, your Aadhaar number should have been linked with UAN. Aadhaar is an important document for KYC verification as it contains details such as name, date of birth, address, photo etc.

If you have provided your Bank account details in your

UAN interface Authenticated your Aadhaar number then settlement of claims can be very quick and easy.

EPF UAN Account

KYC is an acronym for “Know your Customer”, a term used for customer identification process. It involves making reasonable efforts to determine

true identity and beneficial ownership of accounts, source of funds, the nature of customer’s business, reasonableness of