Simplified Returns and Return Formats

Reading Time: 2 minutes Simplified Returns and Return Formats, The GST Council in its 27th meeting held on 4th May 2018 had approved the basic principles of GST return design. Now in its 28th meeting held on 21st July 2018, GST Council approved the key features and the new format of the GST returns. This document lists the salient features of
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Reading Time: 1 minute Central GST Delhi West Commissionerate arrested two Rohini based businessmen on August 01, 2018 in a case of fraudulent issuance of Input Tax Credit invoices without actual supply of goods involving evasion of approximately Rs.201 crores relating to plastic granules industry. Searches were conducted at several places during which various incriminating documents and evidences were
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GST Impact on Free Samples

Reading Time: 2 minutes GST Impact on Free Samples, Promotional offers are very common in today’s competitive world to attract customers.  Distribution of free samples is one of the sales strategies to woo the customers for buying the products. the term ‘free supply’ is not defined under GST law, a ‘free supply’ in general sense, means a supply of
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Threshold limits to file Appeals

Reading Time: 2 minutes Threshold limits to file Appeals, In order to reduce the long pending grievances of taxpayers and to minimise litigations pertaining to tax matters and to facilitate the Ease of Doing Business, the Govt of India has decided to increase the threshold monetary limits for filing Departmental Appeals at various levels. Threshold Monetary Limits for filing
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GST Varify App

Reading Time: 1 minute GST Verify App, The Central Board of Indirect Taxes and Customs (CBIC) has developed and launched an Android mobile app named ‘ GST Verify ‘ to safeguard the interest of customers. The object of the Application is to bring transparency in GST Transactions, decrease misappropriation of taxes by not depositing it with the government, The application will verify if
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e-PAN

Reading Time: 3 minutes e-PAN is a digitally signed PAN card issued in electronic format by Income Tax Department using Aadhaar e-KYC process, e-PAN is applicable to resident individuals only (except minors) with Valid Mobile Number & Aadhar, The process is completely paperless – Free of Cost – Need to upload only Applicant Signature. Instant e-PAN online – FAQs Q
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Intrastate E waybill in Delhi

Reading Time: 2 minutes Intrastate E waybill in Delhi, Finally, The Government of Delhi has decided to implement the intrastate e waybill system and it becomes the last state to implement intrastate e-way bill amongst all States & UT’s in the Country. The Commissioner State GST, Delhi has come out with Notification No. 3 dt.15/6/2018 to compulsorily fill e-way Bill
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GST on Stockbroking

Reading Time: 7 minutes GST on Stockbroking, The CBIC has published the FAQs on different topics and sectors. Following are the FAQs on Stock broking Sector under GST:- Q-1. In the case of stockbroking, whether stamp duty or securities transaction tax or other Central or State taxes would be considered as a part of the value of supply as prescribed
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