Goods and Services Tax

Due Date for payment of GST for July, 17 is 15/09/17!!!

A normal taxpayer is required to file GSTR 1, 2, & 3 returns for every month. The normal due dates for filing the same is 10th, 15th & 20th of the subsequent month respectively. But the time limit for filing returns for the months of July & August, 2017 has been relaxed until September. Actually, the extension is mainly because the GST Ne...

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Filing of Enrolment application is necessary to file GSTR-3B Return

All taxpayers registered under existing laws (for taxes subsumed under GST), who have not completed the enrolment procedure on the Common Portal, are required to complete it immediately. Otherwise various benefits under the GST regime will not be available to them....

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GSTR 3B extended, till 28th August! Transitional Credit allowed to be taken in GSTR 3B!! A deeper look..

Around 72 hours before the deadline earlier prescribed, Government yesterday came up with another circular & notification which was in the air for last couple of days & quite needed. Thankfully at least it came to give some relief to a number of taxpayers. Let’s find out, what exactly the circular or notification is prescribed. ...

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Decoding Extension in GSTR 3B Return Filing Date

GST Council had earlier decided to defer the filing of return in FORM GSTR-3 and had recommended the filing of return in FORM GSTR-3B. Accordingly, the Central Government vide notification No. 21/2017-Central Tax dated 08.08.2017 had notified the last date for filing of return in FORM GSTR-3B for the month of July, 2017 as 20.08.2017 [&he...

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Due date of filing GSTR-3B extended only for those claiming transitional credits before 28.08.2017

Ministry of Finance recently issued a clarification regarding availability of credit on Transitional stock held as on the appointed date in FORM GSTR-3B, highlights of the clarification are as follows:...

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Return filing In Form GSTR-3B- Due Date & transitional credit

Registered persons planning not to avail transitional credit for discharging the tax liability for the month of July, 2017 or new registrants who do not have any transitional credit to avail need to follow the steps as detailed below:...

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Clarification regarding availability of Transitional Credit for GST

As per the rules, the Goods and Services Tax (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....

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Scheme of Budgetary Support under GST Regime

Cabinet approves Scheme of Budgetary Support under GST Regime to the eligible units located in States of Jammu & Kashmir, Uttarakhand, Himachal Pradesh and North Eastern States including Sikkim The Cabinet Committee on Economic Affairs chaired by the Prime Minister Shri Narendra Modi today has given its approval to the Scheme of provi...

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CBEC Notes in Hindi on Advance Ruling, Job Work, Returns etc.

CBEC releases note on Advance ruling mechanism , Composite Supply and Mixed , Job Work Under GST, Recovery of Tax, Returns, Import-GST system, Accounts and Records in GST, GST tax refund , Registration , TDS mechanism , Benefits of GST in Hindi. ...

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Presentation (PPT) on GST Payments

Before generation of Challan, it will be in My Saved Challans & after generation it will be Challan History. Challans can be saved & edited for a maximum of 7 days after which they are purged by the system At any point of time, there can be only 10 challans saved Once a challan is generated, it is valid for 15 days ...

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VAT on terminalling services provided to BPCL when Service Tax already been paid

SHV Energy Private Limited Vs The State of Tamil Nadu (Madras High Court) - The petitioner's first and foremost contention is that the same transaction cannot be taxed under the Finance Act for service tax and VAT. Further, it is contended that there is no transfer of right to use the goods and the contract between the petitioner and the BPCL is a non-exclusive contract and...

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Legal Services continued to be governed by reverse charge mechanism in GST: Delhi HC

J K Mittal & Company Vs. Union Of India & Ors. (Delhi High Court) - On Further hearing in the case of J K Mittal & Company Vs. Union Of India & Ors. on 18th July 2017, Delhi High Court has held that till further orders, all legal services provided by advocates, law firms of advocates, or LLPs of advocates will be continued to be governed by the reverse charg...

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GST on legal services lacks clarity and creating doubts: Delhi HC

J K Mittal & Company Vs. Union Of India & Ors. (Delhi High Court) - In this case Delhi High Court held that as of date there is no clarity on whether all legal services (not restricted to representational services) provided by legal practitioners and firms would be governed by the reverse charge mechanism. ...

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PIL seeking to defer GST Roll out dismissed by Bombay HC

Dr. Kanagasabapathy Sundaram Pillai Vs Union Govt. of India (Bombay High Court) - Petitioner cannot urge and/or seek directions to the respondents to postpone the decision to implement GST with effect from 1.7.2017, for simple reason that herein levy and collection of taxes on goods and services has sanction of law....

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RLNG supplied by GAIL is not CNG and is Taxable under UP VAT Act

M/S Bhushan Steel Limited Vs The Commissioner, Commercial Taxes (Allahabad High Court) - 1. Whether ‘Regasified Liquefied Natural Gas’ i.e. ‘RLNG’, sold to revisionist by Gas Authority of India Ltd. i.e. ‘GAIL’ is ‘Compressed Natural Gas (CNG)’, so as to oust it from the purview of taxing Entry 8(a) of Schedule IV of Uttar Pradesh Value Ad...

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Form GSTR-3B Due date extended with Conditions; No Change in due date of Payment

Notification No. 23/2017–Central Tax - (17/08/2017) - Registered persons entitled to avail input tax credit in terms of section 140 but opting not to file FORM GST TRAN‑1 can file Form GSTR 3B on or before 28th August, 2017...

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CBEC notifies FORM GST REG-13, Rules reversal of credit of Additional duty of Customs on Gold dore bar and Other Changes

Notification No. 22/2017-Central Tax - (17/08/2017) - 44A. Manner of reversal of credit of Additional duty of Customs in respect of Gold dore bar.- The credit of Central tax in the electronic credit ledger taken in terms of the provisions of section 140 relating to the CENVAT Credit carried forward which had accrued on account of payment of the additio...

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LUT/bond will be processed / accepted within 3 working days: CBEC Chairman

DO.No.22/CH(EC)/2017 - (11/08/2017) - It has also been instructed that LUT/bond should be processed on top most priority and should be accepted within a period of three working days from the date of submission of LUT/bond. I hope that the issuance of this circular will bring more clarity regarding exports in the GST regime....

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Distribution of GST Provisional Id & Access Token of Phase 9 dealers

Trade Circular No. 35T of 2017 - (11/08/2017) - Provisional Ids and Access Token of Phase 9 dealers, are now made available by GSTN. Dealer can obtain their Provisional Ids from department's portal www.mahavat.gov.in, using their login credentials. The list of all such dealers is published under GST Tab on Mahavat portal....

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CBEC clarifies on furnishing of Bond/Letter of Undertaking for Export

Circular No. 5/5/2017 - GST - (11/08/2017) - Notification No. 16/2017 – Central Tax dated 7th July, 2017 specifies conditions to be fulfilled for export under Letter of Undertaking (LUT) in place of bond. In the extant Central Excise provisions, LUTs were limited to manufacturer exporters only....

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Recent Posts in "Goods and Services Tax"

Due Date for payment of GST for July, 17 is 15/09/17!!!

A normal taxpayer is required to file GSTR 1, 2, & 3 returns for every month. The normal due dates for filing the same is 10th, 15th & 20th of the subsequent month respectively. But the time limit for filing returns for the months of July & August, 2017 has been relaxed until September. Actually, the extension is mainly because the GST Ne...

Read More

Filing of Enrolment application is necessary to file GSTR-3B Return

All taxpayers registered under existing laws (for taxes subsumed under GST), who have not completed the enrolment procedure on the Common Portal, are required to complete it immediately. Otherwise various benefits under the GST regime will not be available to them....

Read More

GSTR 3B extended, till 28th August! Transitional Credit allowed to be taken in GSTR 3B!! A deeper look..

Around 72 hours before the deadline earlier prescribed, Government yesterday came up with another circular & notification which was in the air for last couple of days & quite needed. Thankfully at least it came to give some relief to a number of taxpayers. Let’s find out, what exactly the circular or notification is prescribed. ...

Read More

Decoding Extension in GSTR 3B Return Filing Date

GST Council had earlier decided to defer the filing of return in FORM GSTR-3 and had recommended the filing of return in FORM GSTR-3B. Accordingly, the Central Government vide notification No. 21/2017-Central Tax dated 08.08.2017 had notified the last date for filing of return in FORM GSTR-3B for the month of July, 2017 as 20.08.2017 [&he...

Read More

Due date of filing GSTR-3B extended only for those claiming transitional credits before 28.08.2017

Ministry of Finance recently issued a clarification regarding availability of credit on Transitional stock held as on the appointed date in FORM GSTR-3B, highlights of the clarification are as follows:...

Read More

Video : GSTR 3B due date extended till 28-8-2017 to claim transitional credit on stock held on 30-6-2017

As you all know transitional credit was not available in GSTR 3B. The company were facing working capital challenge. GSTN was not ready with TRANS 1 form. Good news is that TRANS 1 form will be available for filing from 21-8-2017. Watch the full video of how this decision shall be executed....

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Extension of Filing of Form GSTR-3B in Case Where Transitional Credit is to be claimed

As per Press Release and Via notification No. 23/2017 dated 17th August, 2017, extension has been granted for filing of first monthly summary return for the month of July, 2017 i.e. FORM GSTR-3B upto 28th Aug, 2017. Let’s analyse the same further: Ques. 1 What is the due date of filing FORM GSTR-3B in case […]...

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Return filing In Form GSTR-3B- Due Date & transitional credit

Registered persons planning not to avail transitional credit for discharging the tax liability for the month of July, 2017 or new registrants who do not have any transitional credit to avail need to follow the steps as detailed below:...

Read More

14 steps to file GST Return-3B

Declare your liabilities and ITC claims in Section 1 and 4 respectively by clicking on the tiles and furnishing the required information. Transitional FTC cannot be claimed in GSTR 3B. It can be claimed only through TRANS 1 and TRANS 2,...

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Form GSTR-3B Due date extended with Conditions; No Change in due date of Payment

Notification No. 23/2017–Central Tax (17/08/2017)

Registered persons entitled to avail input tax credit in terms of section 140 but opting not to file FORM GST TRAN‑1 can file Form GSTR 3B on or before 28th August, 2017...

Read More
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Goods and Services Tax India

The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages.

At Taxguru, we provide all the latest GST news to our viewers. Our group of expert keep a close check on all the latest developments and provide a comprehensive analysis on GST updates. We keep updating our portal with articles on GST for the enlightening our readers. Bookmark us for all the GST articles and much more on GST.