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GST Council: Journey so far- 918 decisions, 294 Notifications, 30 meetings
GST Council met 30 times, took 918 decisions since its Constitution; 96% of decisions already been implemented through 294 NotificationsTill date, the Goods and Services Tax ( GST) Council has taken 9...
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Govt extends rectification facility for Shipping Bills to correct IGST refunds
We all know that in the recent scenario, a large number of exporters are claiming to avail the refunds of IGST that they had paid on the exports they had conducted. These IGST refunds are related to t...
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Refund of Excess Payment of Tax enabled on GST Portal
New Functionality Update: Refund of Excess Payment of Tax enabled on GST PortalFacility to claim Refund on account of excess payment of tax (if any) under Section 54(1) of CGST Act, 2017, has been ena...
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Facility to upload statement 4 for Refund enabled on GST Portal
Facility to upload statement 4 for Refund has now been made available on the GST Portal.Statement upload for Refund Taxpayers tiling refund application on account of supplies made to SEZ unit/ SEZ Dev...
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Amendment in Registration of Core fields enabled on GST Portal
New Functionality Update: Amendment in Registration of Core fields made in GST Portal.Facility has been provided on the GST Portal to NRTP (Non Resident Taxable Persons), OIDAR (Online Information and...
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GST Portal Issues – Nightmare for Taxpayers / Tax consultants
On account of apprehensions by trade & industry relating to last date for availment of ITC for the period July 2017 to March 2018 & with a view to give more time for the same, the last date for furnis...
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Request for Extension of due date of GSTR 3B
GSTR-3B for Sept 2018 Due date extended to 25th Oct 2018GST Portal Issues – Nightmare for Taxpayers / Tax consultantsDateTo,Shri Arun JaitleyHon’ Finance Minister of IndiaDear Sir,Greetings from CGCTC...
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14 suggestions on GST -Form GSTR- 9 by ICAI
The Institute of Chartered Accountants of IndiaSuggestions on GST Annual Return form- September, 2018Suggestions on Form GSTR- 91. General Issue :Issue A : The information in GSTR-9 , Table 4, 10 & 11...
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Last date to avail Input Tax Credit pertaining to July 2017 to March 2018
Last date to avail Input Tax Credit in respect of invoices or Debit Notes relating to such invoices pertaining to period from July, 2017 to March, 2018.There appears to be misgiving about the last dat...
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Serial number 4A of Table 4 of FORM GSTR-4 not needed to be filled
Clarification on the manner of filing the Quarterly Return by Composition Dealers in FORM GSTR-4 It has been brought to notice that doubts regarding the manner of filing the quarterly return by Compos...
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Permit availment of GST input tax credit of FY 2017-18 till 31.12.2018: ICAI
ICAI Requesed Government for permitting availment of input tax credit under GST pertaining to Financial Year 2017-18 till 31st December, 2018THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA(Set up by a...
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Advisory for Taxpayers to file Refund for Multiple Tax period
1. Refund application filing for multiple tax period is available for below grounds of refund:a. Export of Goods & Services – Without payment of Taxb. Export of services with payment of taxc. Supplies...
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Download TCS data in Form GSTR-2A to an Excel file
Taxpayers were earlier provided with a facility to download details of Form GSTR-2A in an Excel file. Now they can download data in TCS section also to that Excel file, in a different sheet.GSTR 2A is...
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New Releases on GST Portal from 12/10/2018
In these update we will see new functionalities, which were made available on GST Portal, recently:1. Refund: Application for Refund can now be filed for multiple tax periods, in following refund case...
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GST Refund for Exporters procedure to become easier
There is no doubt that the apex authority to supervise and resolve various issues with regard to Goods & Service Tax, i.e. the GST council has always drafted and duly implemented all the necessary soc...
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GST Refund figure published in print media are exaggerated: MOF
Ministry of Finance- 12th October, 2018It has been noticed that unverified reports of pending GST refunds on account of exports are published in the print media by trade bodies. These figures being pu...
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GST Refund, Payment, composition scheme & ISD Registrants Functionality Update
A) GST Refund for for multiple tax periods:Contents [hide]A) GST Refund for for multiple tax periods:(B) Payment of GST in instalments:(C) Opting in and out of GST composition scheme:(D) Security of P...
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Guidance Note on Annual Return of GST
by Institute of Cost Accountants of India Containing Overview of Annual GST Returns, Prerequisites / Check List for filing of Annual GST Returns, Detailed Analysis of Annual GST Return Format GSTR-9,...
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Govt. Dept. still deducting TDS under MVAT Act in GST Era: ICAI
ICAI/IDTC/2018-19/Rep/113rd Oct, 2018Sh. Rajiv Jalota (IAS)The Commissioner,The Maharashtra Goods and Services Tax8th floor, Goods and Services Tax (GST) Bhavan,Mazgaon, Mumbai – 400010Sub: Deduction...
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GST Notifications & Circulars from 01.07.2017 to 30.06.2018
Compilation Of GST Notifications And Circulars For 1st Year Of GST (1st July, 2017 To 30th June, 2018) by The Institute of Cost Accountants of India containing CGST Notifications, CGST Rate Notificati...