Manual filing and processing of refund claims on account of inverted duty structure, deemed exports and excess balance in electronic cash ledger Due to the non-availability of the refund module on GST common portal
Various communications have been received regarding the difficulties being faced by a principal and an auctioneer in relation to maintaining books of accounts at each and every additional place of business related to stock of goods like tea, coffee, rubber, etc. meant for supply through an auction.
Various representations have been received regarding taxation of the supply of art works by artists in different States other than the State in which they are registered as a taxable person. In such cases, if the art work is selected by the buyer, then the supplier issues a tax invoice only at the time of supply.
Period for intimation of details of stock held on the date preceding the date from which the option to pay tax in FORM GST CMP-03 is extended till 31s tJanuary, 2018.
The year 2017 has been very significant for the Ministry of MSME during which it took various initiatives to promote MSME Sector including launching of Digital MSME Scheme, augmented the package for supporting MSEs, took various initiatives to support MSMEs in the backdrop of demonetization, work started to establish Technology Centers in eight cities, launched MSME Delayed Payment Portal and Public Procurement Portal among others.
(1) These rules may be called the Central Goods and Services Tax (Thirteenth Amendment) Rules, 2017. Vide these rules CBEC amends FORM GSTR-1, FORM GST RFD-01, FORM GST RFD-01A.
CBEC extends the time limit for furnishing the return in FORM GSTR-5A for the months of July, 2017, August, 2017, September, 2017, October, 2017, November, 2017 and December, 2017 by a person supplying online information and database access or retrieval services from a place outside India to a nontaxable online recipient referred to in section 14 of the Integrated Goods and Services Tax Act, 2017 and rule 64 of the Central Goods and Services Tax Rules, 2017, till the 31st day of January, 2018.
CBEC extends time limit for furnishing the return by a non-resident taxable person, in FORM GSTR-5 for the months of July, 2017, August, 2017, September, 2017, October, 2017, November, 2017 and December, 2017 till 31st day of January, 2018.
CBEC extends time limit for making a declaration, in FORM GST ITC-01, by registered persons, who have become eligible during months of July, 2017, August, 2017, September, 2017, October, 2017 and November, 2017 to the effect that they are eligible to avail the input tax credit under sub-section (1) of section 18 of the said Act, till the 31st day of January, 2018.
MCA exempts combination merger notice from 30-day rule for 5 years. Ministry of Corporate Affairs identifies more than one lakh directors of shell companies for disqualification. Malaysian company secretaries firm to adopt Indian secretarial standards
