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Archive: October, 2017

Posts in October, 2017

Notice to non-filers of GSTR returns – GSTR-3A

October 16, 2017 37110 Views 4 comments Print

Introduction:  This article discusses in detail about notice to non-filers of GSTR returns.  All Taxable persons registered under GST are required to file GST returns periodically. The due date and the type of return to be filed varies based on the type of GST registration obtained by the taxpayers. Regular taxpayers registered under GST have […]

Analysis of GSTR 3B Late Fees levied on GSTN Portal

October 16, 2017 10611 Views 3 comments Print

You might have received complaint about late fee being applied in case of Sept month 3B. This is not for any delay on filing of Sept month as we have not reached 20th Oct. It is on account of late filing of return for previous period. The system does entry into ledgers from 3B return on […]

GST: Honest intention & implementation is essential

October 16, 2017 2151 Views 0 comment Print

There is serious problem in Notification No. 33/2015-20 dated 13.10.2017 related to the advance authorization issued by the DGFT. The prior import condition is not just & proper as it is simply interference in how the beneficiary of the entitlement conducts his business. Please note that hitherto this condition was only applicable in those cases […]

Gist of 41 notifications giving effect to 22nd GST Council Decisions

October 16, 2017 32463 Views 9 comments Print

To give effect to the changes suggested, around 41 new Notifications and an Order were issued by the Government on October 13, 2017, under CGST, UTGST, IGST and Compensation Cess.

Revision of Remuneration payable to Statutory Auditors of RRBs

October 16, 2017 21036 Views 0 comment Print

The Finance Ministry revises remuneration for RRB statutory auditors, detailing audit fees, travel allowances, and expense norms for cost efficiency.

ICAI relaxes eligibility criteria for Direct Entry Students

October 15, 2017 4083 Views 0 comment Print

Under the New Scheme of Education and Training, the eligibility criteria for Direct Entry Students is to complete Nine Months of Practical Training after undergoing Four Weeks Integrated Course on Information Technology and Soft Skills (ICITSS) Course.

Late FEE of GSTR 3B for September 17

October 15, 2017 113190 Views 74 comments Print

You might have received complaint about late fee being applied in case of Sept month 3B. This is not for any delay on filing of Sept month as we have not reached 20th Oct. It is on account of late filing of return for previous period. The system does entry into ledgers from 3B return […]

GST Dossier for Hotels and Restaurants

October 14, 2017 12003 Views 2 comments Print

The Tourism and Hospitality Industry in India, with its tremendous employment opportunities and is a big source of foreign exchange for India, is one of the major growth drivers in the service sector. As a result of its potential and enormous size, GST regime has a far reaching impact on it as GST affects every nook and corner of the business which is summarized as under –

Changes made by Recent notifications issued by CBEC on 13.10.2017

October 14, 2017 37242 Views 10 comments Print

In the backdrop of 22nd meeting of GST Council held on 06.10.2017 a few notifications were issued by the CBEC on 13.10.2017. Here is a draft advisory related to those notifications.

Video: Survey under Income tax Act, 1961

October 14, 2017 6690 Views 0 comment Print

With the advent of demonetization Survey provisions under Income Tax Act, 1961 have gained a lot of importance. As it will be difficult to post the Survey provisions in detail in the form of an article, I have recorded a video to explain the same in a lucid manner. Please click on the link below […]

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