CBEC issues 41 Notifications on 13th October 2017 after 6 days of 22nd GST Council Meeting held in New Delhi on 7th October 2017 to give effect to decisions taken in the meeting. Earlier we reported that they issued 14 notifications in a day but later we found that they issued 27 more notifications. Details […]
1. What is Form GSTR-2? GSTR-2 is the details of inward supplies of goods or services to be furnished by registered taxpayer on a monthly basis. The GSTR-2 would be prepared by registered taxpayer by acting upon on auto-populated details from GSTR-1,5,6, 7,8 filed by the corresponding supplier/ Non-Resident taxable persons/ ISD/ Tax Deductor/ Tax […]
1. Log in to the GST portal with valid credentials (User Id, Password). 2. Navigate to the GSTR 2 home page through >Return Dashboard> Select Financial Year(2017-18) and Return Filing Period and click on Search button> Click on PREPARE ONLINE option on GSTR 2 tab. 3. You will find 12 tiles on GSTR 2 page […]
Union Territory Goods and Services Tax (Removal of Difficulties) Order, 2017- it is further clarified that in computing his aggregate turnover in order to determine his eligibility for composition scheme, value of supply of any exempt services including services by way of extending deposits, loans or advances in so far as the consideration is represented by way of interest or discount, shall not be taken into account.
The Finance Minister, Shri Arun Jaitley: Indian economy is poised for strong, sustainable and balanced growth backed by the Government of India’s strong focus on implementing structural reforms;There is clear evidence now that slowdown effect of demonetization and GST has now more or less played it out. The Union Minister for Finance and Corporate Affairs, […]
Q.1 From when can a person with turnover below Rs. 1.5 crores start filing quarterly returns? Ans. Such a person can start filing GSTR-1,2 and 3 on a quarterly basis starting from the quarter October-December, 2017. He shall have to file monthly GS’I’R-1, 2 and 3 for the months of July, August and September. Q.2 If my turnover is less […]
Provided further that in cases where the period of seven years provided under sub-section (5) of section 124 has been completed or being completed during the period from 7th September, 2016 to 31 st October, 2017, the due date of transfer of such shares shall be deemed to be 31st October, 2017.
Notification No. 95/2017-CUSTOMS (N.T.) Tariff Notification in respect of Fixation of Tariff Value of Edible Oils, Brass Scrap, Poppy Seeds, Areca Nut, Gold and Sliver
Director General, Revenue Intelligence, hereby appoints officers mentioned in column (5) of the Table below to act as a common adjudicating authority to exercise the powers and discharge the duties conferred or imposed on officers mentioned in column (4) of the said Table in respect of noticees mentioned in column (2) of the said Table for the purpose of adjudication of show cause notices mentioned in column (3) of the said Table, namely:-
The Directorate is in the process of modifying the CASS parameters so as to select cases for scrutiny assessment for returns filed in F.Y. 2017-18. You are requested to kindly provide your valuable feedback on CASS parameters to make the process more effective, considering, interalia, the following factors:
