RBI Introduces ₹ 50 banknote in Mahatma Gandhi (New) Series The Reserve Bank of India will shortly issue ₹ 50 denomination banknotes in the Mahatma Gandhi (New) Series, bearing signature of Dr. Urjit R. Patel, Governor, Reserve Bank of India. The new denomination has motif of Hampi with Chariot on the reverse, depicting the country’s […]
Article explains Due Date for filing GST Returns, Due Date for Payment of GST, Due Date for Payment of GST: Legal Analysis
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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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. […]
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 […]
The Central Board of Excise & Customs (CBEC), vide Circular No. 35/2017 – Customs, dated 16th August 2017 issued guidelines for provisional release of seized imported goods pending adjudication under Section 110 of the Customs Act, 1962 Section 110A Any goods, documents or things seized under Section 110, may, pending the order of the Adjudicating […]
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:
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.
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 […]
