Goods and Service Tax

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TRAN-1 Revision

Reading Time: 1 minute Many tax payers who made mistakes in GST TRAN-1 . now the can rectify the mistakes ,I line to fulfil the market requirement now  Government of India has enabled the revision option on the common portal. If any taxpayer have a closing stock -whether registered or not before GST, is eligible to claim Input Tax Credit
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Late fee waived off for GSTR3B

Reading Time: 2 minutes On high demand from taxpayers and consultants ,government of India has announced today that the Late Fee would be waived off for the dealers who had not furnished GSTR-3B return for August and September, 2017 by the due date. The Finance Ministry Mr Arun Jaitly tweeted that “To facilitate taxpayers, late fee on filing of GSTR-3B
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Export

Reading Time: 3 minutes EXPORT PACKAGE GST  PRESS BRIEF The GST Council under Chairmanship of Union Finance Minister Shri Arun Jaitley has in its 22nd Meeting held at Delhi today approved a major relief package for exporters. 2. Mindful of the difficulties faced by exporters post-GST leading to a decline in export performance and export competitiveness, the Council had
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GST

Reading Time: 3 minutes in line of many other Changes ,new provision is given 1. If a registered taxable person supplying taxable as well as exempted goods or services or both to an unregistered person will issue a single “invoice-cum-bill of supply” for all supplies mentioned above. 2 the dealer who opting for composition scheme is required to file
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Reading Time: 2 minutes Services provided by RWA (Resident Welfare Association) / Housing Society  PRESS RELEASE   On Services provided by RWA (Resident Welfare Association) / Housing Society There are some press reports that services provided by a Housing Society ,Resident Welfare Association will become expensive under GST. These are completely unsubstantiated. 2. It may be mentioned that supply
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Reading Time: 1 minute [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 43/2017 – Central Tax New Delhi, the 13th October, 2017 G.S.R. …..(E).—In exercise of the powers conferred by sub-section (6) of section 39
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Reading Time: 1 minute Time limit to file FORM GSTR5A for July,Aug,Sep extended to 20.11.2017 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 42/2017 – Central Tax New Delhi, the 13th October, 2017 G.S.R. …..(E).—In
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Reading Time: 1 minute [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 41/2017 – Central Tax New Delhi, the 13th October, 2017 G.S.R. …..(E).—In exercise of the powers conferred by sub-section (6) of section 39
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Reading Time: 2 minutes CBEC cross-empower State Tax officers for processing & grant of GST Refund [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 39/2017 – Central Tax New Delhi, the 13th October, 2017 G.S.R….(E).-
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