Reading Time: 4 minutesDue Dates of GSTR3B for remaining 5 months 2017-18 [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. 34/2017 – Central Tax New Delhi, the 15th September, 2017 G.S.R……(E):- In exercise of
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Reading Time: 4 minutesNotification regarding composition Dealers [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. 34/2017 – Central Tax New Delhi, the 15th September 2017 G.S.R……(E):- In exercise of the powers conferred by section
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Reading Time: 2 minutesTDS under GST section comes Into force Tax Deduction at Source (TDS) is a system, initially introduced by the Income Tax Department. It is one of the modes/methods to collect the tax, under which, a certain percentage of the amount is deducted by a recipient at the time of making payment to the supplier. It
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Reading Time: 2 minutesGST Registration for NRIs , Being Largest market for investment ,India always a fascinating country for non residents for business. if any non resident entity plans to start a business in India than GST registration is a must for him . here we discuss about GST provisions for non residents:- List of Documents for GST
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Reading Time: 3 minutesGST AUDIT | Goods and Services Tax Audit Mechanism GST is a mutual trust based taxation system in which the taxable person is required to self-assess his returns and determine tax liability without any intervention by the GST official.Therefore a tax system that relies on self-assessment has to put in place a robust ” Audit Mechanism
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Reading Time: < 1 minuteNotification no. 29/2017 – Central Tax regarding extension of filing dates of GST Returns 1/2/3 for the month of July & August, 2017 Rectification of Omissions,Errors during filing of GST Return
Reading Time: < 1 minuteSelling of space for advertisement in print media is leviable to GST @ 5%.If the advertisement agency works on principal to principal basis, that is, buys space from the newspaper and sells such space for advertisement to clients on its own account, that is, as a principal, it would be liable to pay GST @5%
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Reading Time: < 1 minuteGovernment of India Ministry of Finance 17-August-2017 On Clarification regarding availability of Transitional Credit for GST As per the rules, the GST for the month of July 2017 has to be paid by 20th August, 2017. Only after the payment of full GST, return in summary Form 3B can be filed. Concerns have been raised
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