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Recommendations made during 31st Meeting of the GST Council

Ministry of Finance Recommendations made during 31st Meeting of the GST Council Posted On: 22 DEC 2018 4:45PM by PIB Delhi The GST Council in its 31st meeting held today at New Delhi made the following policy recommendations: There would be a single cash ledger for each tax head. The modalities for implementation would be finalised in […]

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GST Council unveils new, simplified return filing process

The GST Council on Friday unveiled a new simplified return that would require a taxpayer to file only one return every month and set a period of six months for the transition to take place. “It will take about six month for GSTN to prepare for it so for that period the current arrangement of […]

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Recommendations regarding Data Analytics made during the 26th meeting of the GST Council

Recommendations regarding Data Analytics made during the 26th meeting of the GST Council Posted On: 10 MAR 2018 4:45PM by PIB Delhi In the 26th meeting held here today , the GST Council has been apprised of the fact that CBEC and GSTN have started detailed data analytics across a number of data sets available with […]

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GST Tip – 412

As per Rule 41 of the CGST Rule, in case of sale, merger, amalgamation, lease or transfer of a business, the existing ITC can be transferred by filing FORM GST ITC-02, now the same is enabled on the GSTN i.e on the common portal.

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