Seeks to prescribe the due dates for filing FORM GSTR-3B for the months of April to June, 2018 as 20th May, 2018, 20th June, 2018 and 20th July, 2018
This march ending is going to be very crucial because of changeover from old taxation system to GST regime. Apart from the normal year end practice few additional things will have to be kept in mind while filing the last returns and closing books of accounts.
Composition scheme may come under the reverse charge mechanism is the feeling because the GST council has expressed concern for collections under the composition scheme were low. the tax paid under the composition scheme is just Rs. 300 crores so far by more than 1.6 million businesses that have registered for it hinting at suspicion of large-scale evasion
Krishna, this is the last month of the financial year 2017-18. So many changes were made in taxation of the current year. So now in March 2018, what precautions the taxpayer needs to take in respect of GST?
Levy of GST is on an event called “supply”. In case of an association or club, can it be said that an association or club is supplying services to its own members ? As an illustration to understand the issue let us assume that a housing association is formed by the resident members to facilitate […]
The Lok Sabha has introduced the Notice of Amendments to the Finance Bill, 2018 on 12 March 2018. Please find below an analysis of the amendments which are effective from Financial Year 2018-19 (i.e. Assessment Year 2019-20), except as provided otherwise:
In the Guidance Note on CGST Transitional Credit, various checks have been prescribed in relation to the various entries provided in various tables of TRAN The verification in terms of the above mentioned Guidance Note has to be conducted in respect of the list of top 50,000 GSTINs in the order of transitional credit availed.
As a taxpayer we need to be aware of the tax proposals of this year’s Union Budget as they are going to impact our earnings as well as the day-to-day lives from the upcoming financial year (2018-2019). Here we are taking a look at 10 such tax rules which will change from 1st April 2018.
Government Issues Clarification on Gold Imports Scheme The past few days have seen some misapprehensions being generated on the scheme of gold imports known as the 80:20 scheme. The factual position is being clarified. The increase in gold imports had put pressure on the current account deficit in 2012-13. A series of steps were taken […]
1. GST Council in its 26th Meeting held under the Chairmanship of the Union FM, Shri Arun Jaitley today in New Delhi sent a strong positive signal to exporting community by deciding to extend the available tax exemptions on imported goods for further 6 months beyond 31st March,2018. 2. Thus, exporters presently availing various Export […]
