Reading Time: 3 minutesRectification of Omissions, Errors during filing of GST Return The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017, has taken certain decisions in regard to filing of returns by taxpayers ,further a detailed Circular No. 26/26/2017-GST Dated the 29th December 2017 has been issued, in which they are clarifying regarding various
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Reading Time: 2 minutes Due Date for GSTR-1 for Q-2 FY 2017-18 is extended by 10th Jan 2018 [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. 71/2017 – Central Tax
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Reading Time: 2 minutesGSTN’S Plan to provide free Billing and Accounting Software to Small and Medium Businesses Small and Medium Business are demanding support from Government for the Accounting software as the several small taxpayers unable to afford Popular Accounting and Taxation Software Like Tally,Busy , Marg Etc because starting range for these software are from Rs 20000.00
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Reading Time: 2 minutesGST E-way Bill applicable date 1st Feb 2018 The 24th Meeting of the GST Council held today through video conference under the Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley. It discussed about the implementation of e-way Bill system in the country. Till such time as the National e-way Bill is
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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: 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: 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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