Reading Time: < 1 minuteMany 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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Reading Time: < 1 minuteCentral Board Of Direct Taxes notifies rules in respect of Country-by-Country reporting & furnishing of Master File, CBDT had invite Comments & suggestions on proposal to insert rules 10DA/10DB& Form nos.3CEBA to 3CEBE in the Income-tax Rules,1962. After consideration of the Committee’s recommendations & comments/ suggestions received from stakeholders/general public, CBDT notified the Rules. This
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Reading Time: < 1 minuteIn a move to Providing relief to Tax consultants Income Tax Department has Extended Due Date for Tax Audit and ITR filling for Financial Year 2016-17 upto 7th November 2017 , Most of consultants were demanding Extension for Tax Audit and ITR Filling from last Date because Due Date both GSTR-2 for July 2017 and
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Reading Time: 2 minutesOn 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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Reading Time: < 1 minuteNotification no 24/2017 Central Tax (Rate) date on 21st September 2017, GST. Seeks to amend notification No. 11/2017-CT(R) to reduce CGST rate on specified supplies of Works Contract Services. The extract of GST Notification No. 24/2017– Central Tax (Rate) is given below: Notification No. 24/2017- Notification24-CGST
Reading Time: 3 minutesEXPORT 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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Reading Time: 3 minutesin 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 minutesServices 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 minuteForm GST ITC-01 for July, Aug, Sep Due date extended to 20th Nov-17 [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. 44/2017 – Central Tax New Delhi, the 13th October, 2017
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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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