Home » Archive by category "GST" (Page 4)

Guidelines for filing GSTR-1,GSTR-3B,TRAN-1

A. GSTR-1 (Quarterly filing option): Following points to be noted by Taxpayer, who have opted for quarterly filing of Form GSTR-1: 1. Once you have chosen the option ‘Quarterly’, you cannot change this option in the remaining part of the financial year 2017-18. Thus, you...

Read More

New Developments from GSTN (Goods and Services Tax Network)

GSTN ( The Goods and Services Tax Network ), went live on November 8, 2016 last year, has over the year improvised the system to help lakhs of businesses to pay taxes and file returns under the new GST era every month. GSTN launches new...

Read More

Appeal to Pass on GST rate reduction benefit to Consumers

The Chairperson of Central Board of Excise & Customs (CBEC) appeal to all the major Fast-Moving Consumer Goods (FMCG) companies to immediately revise the MRP on all the products in which the reduction of GST rate has been announced by the Council. The Chairperson has...

Read More

National Anti-profiteering Authority (NAA) under GST

  The Government approves in cabinet meeting the establishment of the National Anti-profiteering Authority (NAA) under GST, after sharp reduction in the GST rates of many of items of mass consumption on 15th November, 2017. This paves the way for the immediate establishment of this...

Read More

Snippet of 23rd meeting of GST Council at Guwahati

GST Council

  Great relief to taxpayer given by GSTC in 23rd meeting of GST Council held at Guwahati, Assam on 10th November 2017. Relaxation given in filing of GSTR by extending due dates as well reduced late fee amount, also out of 227 items in 28% GST...

Read More

Due date of GSTR-2A, GSTR-1A and Procurement of goods from DTA by EOU

CBEC issues Circular No. 14/14/2017-GST : Procedure regarding procurement of supplies of goods from DTA by (EOU)/(EHTP Unit /STP Unit/BTP Unit, and Circular No. 15/15/2017-GST : Due date for generation of FORM GSTR-2A and FORM GSTR-1A in accordance with the extension of due date for...

Read More

Unregistered Taxpayer and Composition Scheme : GST

Unregistered Taxpayer and Composition Scheme – GST : Section 10 of the CGST Act 2017 provides option to any registered taxable person having turnover up to Rs 75 lacs per annum to pay tax at lower rates subject to the condition that he should not...

Read More

Refund of Unutilized ITC under GST

The GST Law provide for refund of unutilized ITC, where credit accumulation is on account of inverted duty structure, subject to certain riders. Time lines have been set for processing of refund claims and claims not settled within 60 days will be paid with interest...

Read More

GSTR-2 and GSTR-3 filing date extended

Press Release Great relief to GST taxpayer given by the Government by extending last date of filing of GSTR-2 for July, 2017 to 30th November, 2017 The last date for filing of GSTR-3 for the month of July, 2017 extended to 11th December, 2017 The...

Read More

New functionalities made accessible on GST Portal

Following new functionalities have been made available to taxpayer on GST Portal: 1. GSTR-2 Offline Version 2.1 – New version of GSTR-2 offline tool is available on portal now. This will enable taxpayers to export data of GSTR-2 from Tool to Excel. This will be...

Read More