goods and services tax

GSTR 2A: What you must know with FAQs

Goods and Services Tax - 1. What is GSTR 2A? GSTR 2A is a system generated ‘draft’ Statement of Inward Supplies for a Receiver Taxpayer. It is auto-populated from the GSTR 1/5 and GSTR 6 (ISD), GST 7 (TDS), GSTR 8 (TCS) of all the Supplier/Counter party Taxpayers from whom goods and/or services have been procured or supplied to in […]...

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All about GSTR 1 in Question / Answer Mode

Goods and Services Tax - 1. Who is required to file the GSTR 1? Every registered taxable person, other than an input service distributor/compounding taxpayer/TDS Deductor/TCS Collector is required to file GSTR 1 electronically the details of outward supplies of goods and/or services during a tax period. 2. Is GSTR 1 filing mandatory? GSTR 1 needs to be filed even...

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FAQs & User Manual: GST Invoice Upload/Download Offline Tool

Goods and Services Tax - 1. How can I download and install the Invoice Upload/Download Offline Tool in my system from the GST Portal? 1. Login to the GST Portal gst.gov.in.2. Go to Downloads > Offline Utilities> Returns Offline Utility > Download ...

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GST: Foreign Exchange Conversion Service

Goods and Services Tax - As per GST law, A person supplying the services of exchange of foreign currency may exercise option to ascertain value in terms of 32(2)b for a financial Year. In service related to supply of foreign currency, including money changing, the problem of valuation always arise, therefore Govt. has prescribed the consideration should be taken...

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Effects of RERA and GST on Retirement Communities in India

Goods and Services Tax - Before GST came into effect, senior citizens residing in retirement communities paid 15% as Service Tax for maintenance charges which was for the services provided by the company that created retirement communities....

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Download offline GSTR 1 creation tool for Invoice & Data upload

Goods and Services Tax - Returns Offline Tool Version V1.0 Download, extract and run the GST Offline Tool to collate and upload the invoices and other data in offline mode. Link to Download offline GSTR 1 creation tool for Invoice and Other Data upload  gst_offline_tool.zip will contain following four files Sample_files Offline Tool User Manual Readme GST Offlin...

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WCO praises tax reforms in India including implementation of GST

Goods and Services Tax - The Union Finance Minister, Shri Arun Jaitley:The National Trade Facilitation Action Plan (NTFAP) aims to align border procedures with international best practices and improve Ease of Doing Business; Dr Kunio Mikuriya, Secretary General, World Customs Organization (WCO) calls on the Finance Minister and praises the massive reforms underta...

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GST: Time to opt Composition scheme & to apply registration cancellation extended

Goods and Services Tax - Taxpayers who were provisionally migrated by virtue of being registered under the existing laws, but who are no longer required to be registered under GST, the period of applying for cancellation of registration is being extended up to 30th September, 2017. ...

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Applicability of GST in December, 2017 CS Professional Programme Examination

Goods and Services Tax - We are pleased to inform you about the introduction of Goods & Services Tax (GST) in the Taxation Curriculum of CS Professional Programme under Part B of Advance Tax Laws and Practice (Module 3 Paper 7) for December 2017 Examination. GST has been made applicable for knowledge enhancement and updation of students and to equip them in the n...

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ICSI: Applicability of GST in December, 2017 Executive Programme Examination

Goods and Services Tax - We are pleased to inform you about the introduction of Goods & Services Tax (GST) in the Taxation Curriculum of CS Executive Programme under Tax Law and Practice Paper (Module - 1 Paper - 4) for December 2017 Examination. GST has been made applicable for knowledge enhancement and updation of students and to equip them in the new indirect ...

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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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Can GST implementation end Tax Terrorism by State Revenue officials?

Flipkart India Pvt. Ltd Vs State of U.P. & Others (Allahabad High Court) - It clearly shows that State VAT department has literally plundered most of the assets of a company without any legal justification. Now, these commercial tax officials would also be part of GST machinery....

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HC slams cavalier fashion working of UP VAT Department

Flipkart India Pvt. Ltd Vs State of U.P. & Others (Allahabad High Court) - If in this cavalier fashion the Commercial Tax Department functions and withdraws huge sums of money without valid service, it would be difficult for big business houses to carry on their business. Such business houses would be forced to shift their business outside the State of Uttar Pradesh....

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MGST: Extension of time limit for filing intimation for composition levy

Order No. 01/2017-(MGST) - (21/07/2017) - Commissioner of State Tax, Maharashtra State, Mumbai hereby extends the period for filing an intimation in FORM GST CMP-01 upto the 16th August 2017....

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GST Composition application due date extended to 16th August 2017

Order No. 01/2017-GST - (21/07/2017) - CBEC hereby extends the period for filing an intimation in FORM GST CMP-01 under sub-rule (1) of rule (3) of the Central Goods and Services Tax Rules, 2017 upto 16th August, 2017....

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Promote officers of IRS (CBEC) to grade of Principal commissioner of customs, GST & CX

Office Order No. 123/2017 - (20/07/2017) - The President of India is pleased to promote the following officers of the Indian Revenue Service (Customs and Central Excise) to the grade of Principal commissioner of customs, GST & CX in the Pay Scale of ₹ 67,000-79,000/- (pre- revised) (HAG) against the vacancies for the panel years 2015-16 an...

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Allocate charges amongst the Members of CBEC

Office Order No. 122/2017 - (19/07/2017) - Consequent upon appointment of Shri S.K. Panda and Ms. Ameeta Suri as Member of Central Board of Excise and Customs(CBEC), with the approval of the Competent Authority, it has been decided to allocate the charges amongst the Members of the Central Board of Excise and Customs as under until further o...

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Advisory on GST for Pharmaceuticals dealers

C1-24614/16/CT Eoffice11137/17 - (15/07/2017) - As many Pharmaceutical Dealers and their association represented various matters the following advisory is issued for information and awareness generation. 1. In earlier VAT system, importers and Manufacturers in Medicines and drugs are entitled for composition. The rate of compounding is 5% of MRP....

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Recent Posts in "goods and services tax"

GSTR 2A: What you must know with FAQs

1. What is GSTR 2A? GSTR 2A is a system generated ‘draft’ Statement of Inward Supplies for a Receiver Taxpayer. It is auto-populated from the GSTR 1/5 and GSTR 6 (ISD), GST 7 (TDS), GSTR 8 (TCS) of all the Supplier/Counter party Taxpayers from whom goods and/or services have been procured or supplied to in […]...

Read More

All about GSTR 1 in Question / Answer Mode

1. Who is required to file the GSTR 1? Every registered taxable person, other than an input service distributor/compounding taxpayer/TDS Deductor/TCS Collector is required to file GSTR 1 electronically the details of outward supplies of goods and/or services during a tax period. 2. Is GSTR 1 filing mandatory? GSTR 1 needs to be filed even...

Read More

Download offline GSTR 1 creation tool for Invoice & Data upload

Returns Offline Tool Version V1.0 Download, extract and run the GST Offline Tool to collate and upload the invoices and other data in offline mode. Link to Download offline GSTR 1 creation tool for Invoice and Other Data upload  gst_offline_tool.zip will contain following four files Sample_files Offline Tool User Manual Readme GST Offlin...

Read More

FAQs & User Manual: GST Invoice Upload/Download Offline Tool

1. How can I download and install the Invoice Upload/Download Offline Tool in my system from the GST Portal? 1. Login to the GST Portal gst.gov.in.2. Go to Downloads > Offline Utilities> Returns Offline Utility > Download ...

Read More

GST: Foreign Exchange Conversion Service

As per GST law, A person supplying the services of exchange of foreign currency may exercise option to ascertain value in terms of 32(2)b for a financial Year. In service related to supply of foreign currency, including money changing, the problem of valuation always arise, therefore Govt. has prescribed the consideration should be taken...

Read More

Effects of RERA and GST on Retirement Communities in India

Before GST came into effect, senior citizens residing in retirement communities paid 15% as Service Tax for maintenance charges which was for the services provided by the company that created retirement communities....

Read More

GST Registration: Set of Scrutinised Answers

This article tries to provide you with a one-stop solution for all the most important, most crucial queries you have regarding registration under the GST regime. All the frequently asked questions of general public are accumulated and assimilated into one place which anyone could refer....

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How to file GSTR 3B: Less than a month to go!!

You may aware that, govt. had given some relaxation to the taxpayers regarding filling GSTR 1 up to Sept 2017. As we all are very much into the new regime & trying to address daily issues coming up under GST, we may forget that in less than a month GSTR 3B required to be filed, […]...

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Rains of GST, enjoyment to registered and punishment to unregistered

GST is applicable to all traders. But some taxpayers wholly wet in the rain of GST and some are totally dry. So in the rain of GST which taxpayers and how preparations to be made that we will discuss....

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Gifts and Perquisites by employer to Employee when not liable to GST

Gifts upto a value of Rs 50,000/- per year by an employer to his employee are outside the ambit of GST. The Press Release issued on 10th of July by the Finance Ministry clarifying so, also states that service of membership of a club, health and fitness centre provided free of charge to all the […]...

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