Goods and Service Tax

Reading Time: 11 minutesAdvance Ruling Mechanism in GST Advance Ruling Mechanism in GST, An advance ruling helps the applicant in planning his activities, which are liable for payment of GST, well in advance. It also brings certainty in determining the tax liability, as the ruling given by the Authority for Advance Ruling is binding on the applicant as
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Reading Time: 2 minutesNo Ewaybill List in Himachal [Authoritative English text of this Department Notification No. 12-4/78-EXN-Tax-14104 dated 1-May, 2018 as required under clause (3) Of article 348 of the Constitution of India.] Government Of Himachal Pradesh Excise and Taxation Department Notification  Dated: Shimla-171002,  the 1s May, 2018 No. 12-4/78-EXN-Tax- In exercise of the powers conferred by clause
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Reading Time: 2 minutesGST Revenue collection in April 2018 exceeds Rs. 1 Lakh Crore GST Revenue, The total Gross GST revenue collected in the month of April 2018 is Rs.1,03,458 crore of which CGST is Rs18,652 crore, SGST is Rs.25,704 crore, IGST is Rs. 50,548 crore (including 21,246 crore collected on imports) and Cess is Rs.8554 crore (including
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Reading Time: 2 minutesGST: CBIC Clarifies Issues regarding “Bill To Ship To” for e-Way Bill Bill To Ship To, The CBIC has clarified Issues regarding “Bill To Ship To” for e-Way Bill under GST System, Government says in a Press Release that A number of representations have been received seeking clarifications in relation to requirement of e-Way Bill for “Bill
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Reading Time: < 1 minuteGSTR-4, Government of India has clarified that Composition dealers not to furnish serial 4A of Table 4 in FORM GSTR-4, the government has released a press note regarding the same.   Press Information Bureau Government of India Ministry of Finance 17-April-2018 Clarification on the manner of filing the Quarterly Return by Composition Dealers in FORM GSTR-4 Doubts are being
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Reading Time: 2 minutesVerification for Transitional credit in GST Verification for Transitional credit in GST, as expected all the taxpayers who have availed the Transitional credit (input tax credit of pre-GST era ) in GST, should be ready to get checked/ verified by the GST officials.In order to the verification process, the superintendent of GST Gandhi Nagar Division Gujrat has
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Reading Time: 4 minutesCredit Note in GST Credit Note in GST, A supplier of goods or services or both is mandatorily required to issue a tax invoice.However, during the course of trade or commerce, after the invoice has been issued there could be situations like: • The supplier has erroneously declared a value which is more than the
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Reading Time: 7 minutesGST on advances received for future supplies GST on advances received for future supplies, Time of supply determines when the taxpayer is required to discharge tax on particular supply. Time of supply provisions is governed by Section 12 to 14 of the CGST  Act, 2017. As per the said provisions, the time of supply is
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Reading Time: 2 minutesGovt Allows the filling of Pending Tran-1 and related GSTR3B Govt Allows the filling of Pending Tran-1 and related GSTR3B, After getting directions from many High courts, CBIC has decided to will allow the filing of Pending TRAN-1 and related GSTR-3B. so CBIC has released a press release regarding the same Govt Allows the filling of
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Reading Time: 2 minutesAction Point for Financial Year 2018-19 for all assesses 1. The company may develop the “New Series” of all documents to be issued like Tax Invoice. Export Invoice, Bill of supply, Receipt Voucher, Payment Voucher, Refund voucher, Debit Note, Credit Note, Delivery challans for new Financial Year 2018-19. 2. The company required to Mention HSN
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