Increase in rate of the Compensation Cess on certain specified motor vehicles As per discussions in the 21st GST Council Meeting held on 9th September, 2017: Segment Heading Present Compensation Cess rate Proposed Compensation Cess rate Passenger Vehicles of heading 8703 Small Cars (length < 4 m ; Petrol<1200 cc) 8703 1% No change Small […]
RBI actually uses sophisticated Currency Verification & Processing (CVPS) machines for checking the numerical accuracy and genuineness of the currency notes, including SBNs. These machines are way superior to the note counting machines.
GSTR-3B will continue to be filed for the months of August to December, 2017. A registered person (whether migrated or new registrant), who could not opt for composition scheme, shall be given the option to avail composition till 30th September 2017 and such registered person shall be permitted to avail the benefit of composition scheme with effect from 1st October, 2017.
This discussion paper reviews the progress made in the last quarter century since the 1991 Industrial Policy and provides thoughts to facilitate discussions for formulation of a new Industrial Policy aimed at building a globally competitive Indian industry equipped with skill and scale and technology.
POST GST IMPLEMENTATION AND TRANSTION RELATED ISSUES 1. Difficulty in obtaining PAN by local bodies – Section 25(5) of CGST Act, 2017 provides that every person shall have a Permanent Account Number issued under the Income-tax Act, 1961 to be eligible for grant of registration.
हमारे देश में 1 जुलाई 2017 से बाजे गाजे के साथ GST लगाया गया! लम्बे चौड़े भाषण दिए गए थे कि- एक देश, एक कर! व्यापारी को अब बड़ी आसानी हो जाएगी! पड़ोस के बच्चे से भी अपना रिटर्न भरवा सकोगे ! और क्या बोला था कि रिटर्न तो आपको बस एक ही भरनी होगी ! बाकी रिटर्न अपने आप भर जाया करेंगे।चुटकियो का खेल है रिटर्न भरना, इत्यादि ! सब बातें अब फेल हो गयी ! सबसे पहले तो पड़ोस के बच्चे से रिटर्न का एक कॉलम तो भरवाकर दिखाओ !
As an addendum to my earlier open letter to Honorable Prime Minister of India, I thought to pen down suggestion based on my experiences; input from various professional colleagues and taxpayers -how the GSTN network should work to really term it as user friendly. The successful implementation of GST Law heavily depends on technology, as government plans to make it front end and done way with all kinds of manual intervention.
Attention taxpayers! Don’t wait for the last date, file GSTR-1, 2 and 3 within the prescribed period VISIT www.gst.gov.in Kindly note that, the following are important points to be remembered in regards to filing of Form GSTR-1 I. Timelines The regular Returns filing (GSTR-1, GSTR-2, and GSTR-3) deadline relaxed for July/August 2017. The Time period […]
TIPS FOR CREATING NEW GSTR1 (upload new invoices/other data for return) using Offline Tool Create and upload the Outward Supplies details in the GSTR 1 using the Returns Offline tool. 1. Before using the GSTR1 excel template for filling outward supply details, delete all Sammie data from all worksheets. 2. Before importing the excel file […]
Tips For Downloading Error File From GST Portal and Making Corrections In case data uploaded through JSON on the portal (invoice data or other record) fails validation as defined in the portal, an Error File will be created on the online portal for only those records which failed. 1) If any json upload shows status […]
