Goods and Services Tax

E-way Bill under GST regime

The Central Government vide Notification No. 74/2017 dated 29th Dec, 2017 has notified 1st day of February, 2018 as the date from which the provisions of E-way bill system shall come into force....

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E-way Bill System to be rolled out on trial basis from 16.01.2018

The e-way Bill is required where movement of goods valued at Rs. 50,000/- or above is involved....

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Amount of Late Fee for Non- Filing of GSTR-1 and when to be Paid?

AMOUNT OF LATE FEE IN CASE OF NON- FILING OF GSTR-1 AND WHEN TO BE PAID?  As per Section 47 of CGST Act 2017, any registered person who fails to furnish GSTR-1(Detail of Outward Supply) by the due date is liable for late fee of Rs. 200/- per day (100/-Cgst+100/-Sgst) maximum up to Rs. 10,000/- […]...

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Distribution of Input Tax Credit by Input Service Distributor

Input Credit only on input services can be distributed. The definition of ISD restricts the scope of the input credit to be distributed. ISD is defined to mean an office of the supplier which receives tax invoices towards receipt of input services and distributes the credit of central tax, State tax, integrated tax or Union territory tax ...

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Rectification or Amendment of GSTR-1 and GSTR-3B

Rectification or Amendment of GSTR-1 and GSTR-3B...

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E-Way Bill To Be Rolled Out Next Month For Easier Movement Of Goods

The E-way Bill will be rolled out across the country from 1st February after which there will not be any need for separate transit pass from each state through which the vehicle is to pass as the E-way Bill will be valid throughout India for movement of goods, the GSTN informed today. For every inter-state […]...

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GST Rate on Food prepared in office kitchens and served there

Question-  office cafeteria is charging 18% GST stating they come under outdoor catering but what if the food is cooked within the cafeteria. Need clarification? Reply- If the activity is outdoor catering gst rate is 18%, else 5%. Classification depends on the nature of business. @askGST_GoI office cafeteria is charging 18% GST stating t...

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Resolve issues in filing of Form GSTR 1 & TRAN-1: ICAI to CBEC

We would like to bring to your notice that assessees across the country are facing difficulties in filing Form GSTR 1, which includes the following: 1. System is not generating summary within 5 minutes. Sometimes it takes around 12 hrs. due to which assesses are not be able to proceed....

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No-extension of last date for filing return in FORM GSTR-1

The last date for filing of return in FORM GSTR-1, for different classes of taxpayers for the relevant periods, as shown in the Table below, remains 10th January, 2018. There has been no further extension of date for filing return in FORM GSTR-1....

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Due date for Monthly FORM GSTR-1 extended- Fake Notification Circulating

Council, hereby extends the time limit for furnishing the details of outward supplies in FORM GSTR-1 under sub-section (1) of section 37 of the Act for the months as specified in column (2) of the Table, by such class of registered persons having aggregate turnover of more than 1.5 crore rupees in the preceding financial year or the curre...

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TNGST Act, 1959: Routers, Hubs & Switches are Computer Peripherals attracting 4% Sales Tax

M/s. Dax Networks Ltd. Vs The Commissioner of Commercial Taxes (Madras High Court) - Heard Mr.P. Rajkumar, the learned counsel appearing for the petitioner and Mr.K.Venkatesh, the learned Government Advocate for the respondents....

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Proceedings under Bihar VAT & IPC are Independent to each other: HC

Vijay Shankar Prasad Vs. The State of Bihar (Patna High Court) - The Patna High Court, in a recent ruling, held that the prosecution in criminal law and proceedings arising under the Bihar Value Added Tax Act, 2005 are undoubtedly independent proceedings and, there is no impediment in law for the criminal proceedings to proceed even during the pendency of the pro...

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Purchase of property from defaulting Sales Tax Dealer not liable for his Sales Tax Arrears in absence of charge over property by Sales Tax Dept.

Noor M. Saied Vs. The Commercial Tax Officer (Madras High Court) - Noor M. Saied Vs. The Commercial Tax Officer (Madras High Court) Petitioner has purchased the property for valuable consideration and in the absence of charge over the property by the Sales Tax Department, the petitioner cannot be made liable to pay alleged arrears of Sales Tax for the defaulting de...

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Detention of goods for non-accompanying certain documents not sustainable in absence of non-notification of such document

M/s. Ascics Trading Company Vs. The Assistant State Tax Officer (High Court Of Kerala At Ernakulam) - Central Government had, till date, not notified the documents that have to be carried by a transporter of the goods in the course of interstate movement. Under the said circumstances and finding that neither the State Legislature nor the State Government would have the power to make laws/rules to go...

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Allow manual filing of GST advance ruling application till online facility made available: HC

Sanjeev Sharma Vs. Union Of India & Ors. (Delhi High Court) - It is held that where no facility for advance ruling was made available under GST, it was held that Department must accept manually application for advance ruling under GST since web portal would not be ready to accept the same till January, 2018....

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Change system of filing returns under GST: STPAM Maharashtra

Ref : A/2017-18/734 - (14/01/2018) - The Goods & Service Tax Practitioners' Association of Maharashtra, Mumbai has submitted its representation stating the need to change the system of filing returns under GST and accordingly the Association has given some suggestions....

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Maharashtra VAT Audit due dated extended to 15th February 2018 (Read Circular)

Trade Circular No. 02T of 2018 - (12/01/2018) - Date for filing VAT Audit Report (e-704) in Maharashtra for F.Y. 2016-17 is extended up to 15th February 2018 vide Trade Circular No. 02T of 2018 dated 12.01.2018....

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GST on College Hostel Mess Fees- CBEC issues Clarification

Circular No. 28/02/2018 - (08/01/2018) - Queries have been received seeking clarification regarding the tax ability and rate of GST on services by a college hostel mess. The clarification is as given below:...

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CBEC to Train its officers on E-way Bill system

F. No. 11(11)102/2016-17- NACIN - (08/01/2018) - As per the decision of GST Council, a nation-wide E-way Bill system is to be introduced with effect from 01.02.2018 for all inter-State movement and with effect from 01.06.2018 for all intra-State movement. It is, therefore, important that officers of Central Tax administration are properly trained ...

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Chairman CBEC’s weekly newsletter dated 05.01.2018

DO.No. 43/CH(EC)/2017 - (05/01/2018) - It has been decided that one representative of the rank of Commissioner or above from every zone shall attend every GST Council Meeting. In this regard Commissioner (GST) has already issued a letter dated 2nd January 2018. ...

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Recent Posts in "Goods and Services Tax"

Change system of filing returns under GST: STPAM Maharashtra

Ref : A/2017-18/734 (14/01/2018)

The Goods & Service Tax Practitioners' Association of Maharashtra, Mumbai has submitted its representation stating the need to change the system of filing returns under GST and accordingly the Association has given some suggestions....

Read More

E-way Bill under GST regime

The Central Government vide Notification No. 74/2017 dated 29th Dec, 2017 has notified 1st day of February, 2018 as the date from which the provisions of E-way bill system shall come into force....

Read More

E-way Bill System to be rolled out on trial basis from 16.01.2018

The e-way Bill is required where movement of goods valued at Rs. 50,000/- or above is involved....

Read More

Amount of Late Fee for Non- Filing of GSTR-1 and when to be Paid?

AMOUNT OF LATE FEE IN CASE OF NON- FILING OF GSTR-1 AND WHEN TO BE PAID?  As per Section 47 of CGST Act 2017, any registered person who fails to furnish GSTR-1(Detail of Outward Supply) by the due date is liable for late fee of Rs. 200/- per day (100/-Cgst+100/-Sgst) maximum up to Rs. 10,000/- […]...

Read More

Distribution of Input Tax Credit by Input Service Distributor

Input Credit only on input services can be distributed. The definition of ISD restricts the scope of the input credit to be distributed. ISD is defined to mean an office of the supplier which receives tax invoices towards receipt of input services and distributes the credit of central tax, State tax, integrated tax or Union territory tax ...

Read More

Free booklet on E-way Bills under GST

As declared in 24th meeting of the GST council held through video conferencing on 16-12-2017, the nationwide e-way Bill system was scheduled to be rolled out on a trial basis latest by 16th January, 2018. So, the traders and transporters were expected to start using this system on a voluntary basis from 16th January, 2018. While the Syste...

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Guide to E-way Bill System as on 13.01.2018

Nationwide E-Way Bill system for Inter-State movement of goods under GST  Regime 1 st of February, 2018, notified as the date of coming into force of E-Way Bill Rules vide Notification No. 74/2017-Central Tax dated 29.12.2017 The E-Way Bill Rules 138 & 138A notified, vide Notfn No. 27/2017-Central Tax dated 30.08.2017, will now come ...

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E Way Bill ‘A Big Boost for Ease of Doing Business’- Trial Run from today (16th January, 2018)

Trade and Transporters can voluntarily start using this Eway bill system from 16th January, 2018. But from 1st February, 2018, it is mandatory for transporters to generate e way bill in case of inter-state movement of goods. ...

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Trouble on transporters due to E-Way bill!

E-way bill is an electronic document generated on the GST portal evidencing movement of goods. The nationwide e-way Bill system will be ready to be rolled out on a trial basis latest by 16th January, 2018 i.e, from tomorrow and from the 1st February the implementation of nationwide e-way Bill system for interstate supply will be done on a...

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Goods and Services Tax India

The Goods and Services Tax or better known as GST is a Value added Tax and is a comprehensive indirect tax which is levied on the manufacture, consumption, and sale of goods and services. The Goods and Services Tax in India would replace all the indirect taxes which are levied today on goods and services by the Central and the State governments. GST is intended to be comprehensive for most of the goods and services. Goods and Services Tax is a single indirect tax for the entire nation, which would make India a unified market. It is proposed to be a single tax on supply of goods and services, from a manufacturer to the end consumer. The credit of all the input taxes which are paid at each and every stage would be allowed in the following stages of value addition that makes GST basically a tax on value addition only at every stage. The end consumer would have to bear only the Goods and Service Tax which is charged by the final dealer within the supply chain, together with all the set-off benefits availed at previous stages.

At Taxguru, we provide all the latest GST news to our viewers. Our group of expert keep a close check on all the latest developments and provide a comprehensive analysis on GST updates. We keep updating our portal with articles on GST for the enlightening our readers. Bookmark us for all the GST articles and much more on GST.