Arjuna, As per section 44 of CGST Act, every person registered under GST (except Input Service Distributor) will have to file GST Annual Return. Arjuna, for the period of Financial Year, 31st December shall be the last day for filing of GST Annual Return i.e. Annual Return for the period of 1st July,2017 to 31st March,2018 should be filed on or before 31st December,2018.
We celebrate Diwali by bursting crackers .Similarly every year government bursts some new types of crackers. This year also government have busted firecrackers by issuing various notifications, circulars and press releases in GST before Diwali.
September month’s GSTR-1 would be the last chance to amend the invoices relating to period July 2017 to March 2018. After filing this return taxpayers would not be able to amend any details of invoices like date, invoice number, GSTIN, rate of tax, invoice value, taxable value etc.
who will tell the Govt, that Justice delayed is Justice Denied. one year has passed since the implementation of GST, during this one year government have issued many notifications and being the new law, both Govt and taxpayers have made many mistakes in GST . To rectify all these mistakes the return of September 2018 is their last chance.
Following are the major 10 Burning Issues under GST: The September 2018 GST Return, The Annual GST Return, GSTR 2A, Reversal of Credit, Extra Tax payment in Cash Ledger, Composition Scheme- purchase reporting, Issues of GSTR 3B, Issues of GSTR 1, Taxation of Agricultural Commission agent and Joint Development Agreement and Trans 1 issues.
Recently TDS was made applicable under GST w.e.f. 1-10-2018. But it is a good old concept under income tax. How dandiaya will be played between these two players i.e, TDS of Income tax and GST, is there any similarities between the two?
TDS is being made applicable under GST Law from 1st October,2018. What is this new Provision now? section 51 of the CGST Act,2017 prescribes the authorities who need to deduct tax, which are as follows-(a) A department or an establishment of the Central Government or State Government; or
Arjuna, CA’s and tax consultant are one of the important pillars of Nation Building.The financial situation of the country would not improve ,if these nation builders land up in these stressful problems. It is prayed to Lord Ganesha to give wisdom to Govt. authorities, as just extension of 15 days when 5 days where remaining in like justice delayed is justice denied and incomplete justice is not a true justice.
Arjuna, everywhere the hustle and bustle of Income Tax Audit is being seen. In amidst of it Lord Ganesha has arrived with GST Audit Report. Also, on 13th Sept, 2018 the GST Department has issued some notifications for amending the GST law.
Arjuna (Fictional Character): Krishna, Lord of knowledge Ganesha would arrive soon to bless his devotees. Everywhere the preparations to welcome Ganesha have begun. Amidst the preparation Government has introduced yearly annual return under GST. What do you say about it? Krishna(Fictional Character): Arjuna, Ganesha is also named as “Vignaharta”. He removes all the obstacles in […]
