Andhra High Court through an interim order allowed assessee to manually rectify GSTR-3B returns for the months pertaining to FY 2017-18 . (Panduranga Stone Crushers v. Union of India). The petitioner has inadvertently and by mistake reported IGST input tax credit in all other ITC colum, The petitioner contended that in the absence of any […]
DETAILS OF RETURNS TO BE FILED UNDER THE GST LAWS- > GSTR-1 Details of outward supplies of taxable goods and/or services effected/provided filed by registered taxable supplier by 10th of the next month.
1. The provision in the Central GST Act – Section 171, mandates that benefits arising due to either lower tax rates or more tax credits being available in the GST regime should be passed on to the consumer by way of commensurate reduction in prices. Let us understand anti profiteering with an example… 2. Reduction […]
Service provided by an employee to employer will be out of preview of GST only if it is be provided in the course of employment. For example, A Chartered Accountant ‘s core activity is to do audit and he provides entertainment services to employer on weekend. Such services will not be considered in the course of employment and hence will be subjected to GST.
This article has been written with a view to increase awareness of members of Housing Societies and Management Committee towards registration requirements and the services which are exempted and which attract GST. An attempt has been made to analyze the terms used in various sections of GST Act and provide some insight into its applicability to Housing Societies.
The Government has notified implementation of E Way Bill Rules vide notification no. 27/2017 date 30.08.2017. These rules are likely to be implemented w.e.f. 01 Oct 2017. The issue on E Way Bill is very significant, not only for business, industries but also for transporters, consignors, consignees of the goods.
Goods Transport Agency has not been defined in GST Act. However, notifications related to provisions regarding GTA services have been issued by Central Tax 2017 on various dates. An attempt has been made to compile these notifications in one place & simplify the provisions of GTA services in GST regime.
A major concern for businessmen registered under GST is to avail Tax Benefit & Input Credit of Old Regime. In order to avail such benefit, a registered person is required to file TRAN – 1 Within 90 days (28th Sep 2017 )of the appointed day, that is 01 July 2017.
Salient Provisions of Intra Sales Exempted Services By Way Of Renting 1. The Central Government has exempted selected Intra Sales services vide notification No. 12/2017- Central Tax (Rate) dt 28 June 2017. 2. An attempt has been made to simplify the content of notification with the help of pictures and brief description. Article on this […]
First return to be filled in GST regime is Form 3B . It is a simple return introduced by Government for the month of July and Aug 2017 only. However , this does not preclude the need to file regular returns -GSTR1-GSTR3 for the said months . Regular returns for the month of July and Aug 2017 will be filled in the month of Sep 2017.
