REPORT OF THE JOINT COMMITTEE ON BUSINESS PROCESS FOR GST ON GST RETURN- Who needs to file Return and Periodicity of Return Filing in GST regime? Every registered person is required to file a return for the prescribed tax period. A return needs to be filed even if there is no business activity (i.e. Nil Return) during the said tax period ...

So the dice is finally rolling and it’s expected that it would gather momentum in the coming days. The government has come out with Report of the Joint Committee on Business Processes for GST on GST Registration....

CA Deepak Aggarwal Report of the Joint Committee on Business Processes for GST Registration Processes in GST Regime ♣ All existing registered persons, whether with the Centre or State under any of the tax statues being subsumed in GST, would be allotted a GST registration number called Goods and Services Tax Identification Number (GSTIN...

One of the very common question being raised by the manufacturers is whether generator set can be purchased against C form by them. The article covers the specific situation of manufacturers purchasing generator set against C form. ...

Report of the Joint Committee on Business Processes for GST on Registration Processes in GST Regime Registration of a business with the tax authorities implies obtaining a unique identification code from the concerned tax authorities so that all the operations of and data relating to the business can be agglomerated and correlated. In any...

Report of the Joint Committee on Business Processes for GST- Payment With increasing spread of internet and electronic communication, this mode has emerged as one of the preferred modes of tax payment for both the taxpayers and administrators. As the name suggests, this mode of payment involves payments by the taxpayers that utilize the e...

REPORT OF THE JOINT COMMITTEE ON BUSINESS PROCESSES FOR GST ON REFUND PROCESSES IN GST REGIME- In the taxation administration, refund refers to any amount that is due to the tax payer from the tax administration. In the present taxation system it is considered as a strained area, both for the taxpayer and the tax administration. So in ord...

The report of Joint committee of Business processes for GST, gives us the glimpse of what is going to happen in the GST regime. Based on the report, following are the situations where the possibility for refund under GST arises. Below mentioned table tries to cover all related provisions recommended by committee to get the refund sanction...

Goods and Services Tax (GST), the 122nd Constitutional Amendment Bill, 2014 tabled by Finance Minister Arun Jaitley has already passed in the Lok Sabha. However, due to conflicts between the States and Centre and the reason that the Centre is not having majority in Rajya Sabha; ...

♠ Separate registration for each state. ♠ Threshold for registration on all India Basis Including Exports and Exempted supplies. ♠ Mandatorily register within 30 days of applicability otherwise no credit for prior period. ♠ Can take voluntary registration even if below threshold limit and once opted would be part of credit chain...