"17 April 2018" Archive

10 Major changes for GST composition dealer

GSTR-4 is a quarterly return. Every registered dealer who have opted for composition scheme have to file quarterly return before 18th of the next quarter. Composition scheme is applicable for those taxpayers whose turnover is below Rs 1 Cr and ITC cannot be availed by by them. Now changes have been made in the GSTR-4....

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RTI reveals collection of Rs 900 Crores as GST Late Fees

I have lodged an RTI with respect to collection of Late Fees and Interest on account of GST return filing so as to co-relate with the process of GST Return filing in vogue....

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Tripura and Himachal to roll out intra-state e-way bill on Apr 20

Notification NO.F.1-11(91)-TAX/GST/2018(Part-I) 17/04/2018

GST Intra-state E-Way bill will be required from 20.04.2018 for any intra –state movement of taxable goods in Tripura and Himachal Pradesh having value more than Rs 50,000/- and where the place of delivery is beyond 50 kms from place of supply. ...

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What are pre-requisites to generate e-way bill?

♦ The person generating the e-way bill should be a registered person on GST portal and he/she should register in the e-way bill portal. If the transporter is not registered person under GST it is mandatory for him to get enrolled on e-waybill portal (https://ewaybillgst.gov.in) before generation of the e-way bill....

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Major changes in Income Tax For FY 2017-18 & 2018-19 for SME

New changes in the Income Tax Law by the Finance Act, 2018 have come into the effect from 01/04/2018 and a few provisions are effective from 01/04/2017, which have been mentioned at relevant places....

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8 Recent Pronouncement on GST (Part-VII)

In Evergreen Seamless Tubes Pvt. Ltd. & Ors. v. Union of India & Ors, WP No. 12378 of 2017(Bombay), HC dismissed writ petition challenging constitutional validity of Section 140(3)(iv) of CGST Act which deals with transition and therefore, refused to strike down one year time limit for transitional credit availment. ...

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Government / RBI taken all steps to meet unusual currency demand

There has been unusual spurt in currency demand in the country in last three months. In the current month, in the first 13 days itself, the currency supply increased by Rs.45000 crores. This unusual spurt in demand is seen more in some parts of the country like Andhra Pradesh, Telangana, Karnataka, MP and Bihar....

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Composition dealers not to furnish serial 4A of Table 4 in FORM GSTR-4

Doubts are being raised about the manner of filing the quarterly return by composition dealers in FORM GSTR-4. In particular, there is a doubt with respect to the instruction at Sl. No. 10 appended to the said FORM which reads as below:...

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Government clarifies in-built security features of Electoral Bonds

Random Serial Number, invisible to the naked eye, present on the Bond not linked to any party transaction or cannot be used for tracking the transactions SBI does not share the serial number with anybody, including the Government and users...

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Things to Keep in Mind before Applying for a Personal loan

Are you thinking of a trip to Vegas or a fairy-tale wedding of your daughter? A personal loan can be of great help to meet all your financial needs so that you fulfil all your desires. Personal loans are one of the most popular financial products. Personal Loans are considered to be the best alternative for eliminating cash crunches and m...

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