As the Goods and Services Tax (GST) regime completed its fourth year on 1 July 2021, there are still issues that plagues several industrial sectors in India. Industry bodies were set to raise several issues with the Government in relation to GST compliances, legislation, and administration ahead of the fourth anniversary of the indirect tax […]
As per The GST Council under Chairmanship of Union Finance Minister Shri Arun Jaitley has in its 22nd Meeting held at Delhi today approved a major relief package for exporters. :- 1.Exporters have been exempted from furnishing Bond and Bank Guarantee when they clear goods for export. 2.The permanent solution to cash blockage is that […]
Key takeaways from the Webinar on TRAN-1 organised by Goods and Services Tax Network today- 1. Revision of TRAN-1 form may be allowed in future, the matter is being contemplated by GST Council 2. Transitional credit under existing laws will be carried forward through two tables, 5(a) for Central taxes & 5(c) for States taxes […]
The GST liability of August 2017 is to be discharged by 20th Sept 2017 only.The Government will never lose it’s revenue. What about exporters and other taxpayers who want to claim refund????? Applications for same are not yet started as they have postponed GSTR 1 ,2, 3 returns due date.
Article summarizes details required Required for GSTR-2 Filing in case of, Supplies received from Registered Dealer Supplies received from Registered Dealer (attracting Reverse Charge), Inputs/ Capital Goods received from Overseas/ SEZ units, In case of Debit note, Credit note, Refund Vouchers for Inward Supplies, In case of supplies received from Composition Taxable person or other […]
First GSTR 1 is to be filed by 5th September.Have mentioned in this articles how the details are to be submitted. Due date for filing GSTR 1 of July 2017 is 05TH SEPTEMBER 2017.
Value of goods in case of supply is more than Rs 50,000. For reasons other than a supply (say a return) Due to inward supply from an unregistered person Before Movement of Goods in Form GST EWB-01
The article specifically is in relation to the situations in which refund shall arise;time limit for applying for refund and procedure of how refund will be granted by GST Portal.
GST-Goods and Service Tax Act came in to force on 01-07-2017.Also the first return of GST which is GSTR 3B is filed by many tax payers.Documentation is one of the most important part of GST Act. There are various documents listed in the Act which are to be issued at certain point of time.Small tax payers are still not clear about which invoice is to be prepared when and what is the content to be mentioned in an invoice.In this article have mentioned meaning of each document and its issuance time.
