"17 August 2017" Archive

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

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....

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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 [G.S.R. 1024(E)] (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 [G.S.R. 1023(E)] (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 additional duty of customs ...

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GST: 31 FAQs by Traders

Under GST, a trader would be entitled to avail input tax credit paid on his domestic procurements of goods and services unlike the present indirect tax regime. Presently, a significant portion of indirect taxes namely Central Excise and Service Tax form part of the cost component for a trader. This will not be the case under GST. He will ...

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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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Process how Homebuyers can Claim Refund – Jaypee Infratech

In this editorial author discuss the provisions of IBC, 2016 in relation to claim of home buyers from Insolvency Resolution Professional. The author shall discuss the situation of home buyers of Jaypee Infratech along with IBC (Insolvency Resolution Process form Corporate Person) (Amendment) Regulations, 2017. ...

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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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India’s Atomic Energy Programme

India entered the atomic age, more correctly the nuclear age, on 4th August 1956 when Apsara, India’s first nuclear reactor, went into operation. This reactor was designed and built by India with the nuclear fuel supplied from the United Kingdom under a lease agreement....

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Housing for All by 2022 From Restrictive to Transformative Era

In its seven decades of journey since independence, the real estate and housing sector, has come a long way from early years of restrictive policies, deficient planning and highly inadequate resources, to reach a progressive, planned, organised and reformative stage, facilitating urban transformation and speedy economic growth....

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