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Notifications Released on 20th Sep 2018

Two notifications have been issued on 20th September 2018, one for the tax rate for TCS and another for adding an explanation for Serial No 41 of  Notification No 12/2017-Central Tax (Rate), dt. 28-06-2017 Seeks to notify the rate of tax collection at source (TCS) to be collected by every electronic commerce operator for intra-State […]

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Check list to be followed before filing GST Returns for the month of September 2018

One of the main features of Goods and Service Tax is the availability of the Input Tax Credit across the supply chain cycle. This statement provides very soothing sound to the trade and industry but it has certain conditions to be fulfilled to take advantage of this statement. As there is no matching for the time being as the Government has […]

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GST Audit Notified

The much-awaited GST Audit is notified wide Notification No 49/2018-Central Tax ,dt. 13-09-2018

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Extension of Due Dates for filing of FORM GSTR-1 and FORM GSTR-3B in certain cases

It has been observed that the number of taxpayers who have filed FORM GSTR-3B is substantially higher than the number of taxpayers who have furnished FORM GSTR-1. Non-furnishing of FORM GSTR-1 is liable to late fee and penalty as per the provisions of the GST law. In order to encourage taxpayers to furnish FORM GSTR-1, a one-time scheme to waive off […]

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Updates from GST – Notifications & circulars issued on 4th Sep 2018.

On 4th September 2018, 4 notifications related to central tax have been issued by CBIC and 5 circulars have been also issued to provide clarification on some aspects of e-waybill and refund processing in certain cases. Notifications issued Notification-39-2018-central_tax-English Notification-40-2018-central_tax-English Notification-41-2018-central_tax-English Notification-42-2018-central_tax-English Circulars issued Circular_No.57 Circular_No.58 Circular_No.59 Circular_No.60 Circular_No.61

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Extension of Due date for filing of July 2018 3B

The due date for filing of GSTR – 3B for the month of July 2018 has been extended to 24th August 2018 wide Notification-35-2018-central_tax-English

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Latest changes in GST

The basis of the 28th GST Council Meeting, the changes proposed are passed as bills in the Lok Sabha on 9th August 2018. The Central Goods and Services Tax (Amendment) Bill, 2018 The Goods and Services Tax (Compensation to States) Amendment Bill, 2018 The Integrated Goods and Services Tax (Amendment) Bill, 2018 The Union Territory […]

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One Year of GST Rollout – A learning / Nightmare or Success?

One Year of GST Rollout – A learning / Nightmare or Success?   When the clock ticked 00.00 hours on the night of 30th June 2017, India has rolled out one of the major reforms, tax reform to be specific for rationalization of taxes known as “Goods and Service Tax” by subsuming about 40 plus […]

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Supply of services of short term accommodation, conference facilities etc to SEZ developer or SEZ units

Circular No. 48/22/2018-GST has been issued on 14th June 2018 and interesting observation in this is regarding the first point i.e supply of services of short-term accommodation, conferencing, banqueting etc. provided to a Special Economic Zone (SEZ) developer or a SEZ unit should be treated as an interState supply or intrastate supply? The clarification provided is that it should be treated […]

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GST Tip – 464

As per provisions of Rule 18 of the CGST Rules and corresponding State / Union Territory Rules, the taxpayer has to display his certificate of registration and registration number at a prominent location at the principal place of business and at every additional place of business. As per provisions of Section 125 of the CGST […]

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