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Archive: February, 2018

Posts in February, 2018

GST department started sending notice to GST Return Defaulters

February 16, 2018 17182 Views 0 comment Print

Being a registered taxpayer. you are required to furnish return for the supplies made or received and to discharge resultant tax liability for the aforesaid tax period by due date. It has been noticed that you ha‘e no: tiled the said return till date.

GST composition scheme: A complete guide for small businesses

February 16, 2018 13869 Views 4 comments Print

The composition scheme which we are witnessing under GST is a carry over from earlier taxation law and was implemented under the respective State VAT Laws with conditions applied on eligibility for the scheme accordingly. Alternatively GST composition scheme assures greater compliance without the requirement of maintaining records. This system was missing in Service Tax […]

Adhere to time frame for filing of SLPs and Appeals in SC: CBEC Chairman

February 16, 2018 939 Views 0 comment Print

CBEC has already put in place a mechanism to prevent delay in filing of SLPs and Appeals in the Hon’ble Supreme Court and a letter dated 1st June 2017 to this effect has already been circulated indicating revised time-frames. This is also available in the CBEC website. May I request you all to strictly adhere to the time frame indicated in the letter so as to avoid any delay in filing the of SLPs and Appeals. I have also issued a letter reiterating the above facts for strict compliance.

Field formations can obtain SDR/CDR details directly from telecom companies: CBEC

February 16, 2018 8631 Views 0 comment Print

This is reportedly being done as telecom service providers are not providing these details to the field formations since they are not a designated Law Enforcement Agency’ like DRI under the provisions of Section 5(2) of Indian Telegraph Act, 1885.

Advisory on Refund of IGST paid on Exports of Goods with Payment of Tax

February 16, 2018 53832 Views 42 comments Print

This is with reference to the processing of invoices of GSTR 1 pertaining to the export of goods with payment of IGST by the GST System, and transmission of validated invoices to ICEGATE for refund of IGST paid on exports of goods.

Export Promotion: DGFT & CBEC- Why bureaucracy rejoices in failure of clean administration- Part 1

February 16, 2018 2535 Views 1 comment Print

The DGFT started with the computerization of the DGFT network in 1995 but even after a lapse of 20 years till date they have not been able to achieve the same. The reason is simple because no bureaucrat ever wants the power to slip from their hands or the opportunity to harass the exporters.

Video: GST Late Fees for Oct-Dec 2017 – GSTR 1 – When, How, Amount?

February 16, 2018 3747 Views 2 comments Print

As you all know the due dates for GSTR 1 for Oct – Dec 2017 has gone and now the issue before us is WHAT will be the late fees and HOW will it be calculated and WHEN will it be paid? I had tried to sort out the problem in the most logical way […]

Video: Major Changes in GST Composition Scheme

February 16, 2018 1644 Views 1 comment Print

Recently there was a major change in Composition Scheme which was beneficial to both traders and manufactures.Manufactures are treated at par with traders.And liability of tax also reduced on traders.Click on the below attachment for complete understanding of the scheme and notification which was issued earlier and the amended notification

Seaports located at Dhamra & Dighi Port included under Para 4.37 of HBPs 2015-20

February 16, 2018 1008 Views 0 comment Print

Seaports located at Dhamra Port and Dighi Port are included in paragraph 4.37(a) of Handbook of Procedures (2015-20) for availing export promotion benefits under Chapter 4 of Foreign Trade.

Process MEIS claim transparently with simplified procedure to cut down delay

February 16, 2018 2115 Views 0 comment Print

Directives are issued to all Regional Authorities for processing the application for MEIS claim with the objective of improving ease of doing business, simplifying the procedures, increasing transparency and to cutting down delays.

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