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ICAI Releases updated Background Material on GST
Implementation of Goods and Services Tax (GST) in India is one of the major economic reforms. GST aims to make India a common market with common tax rates and procedures and remove the economic barrie...
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Budgetary support for cash component of CGST and IGST for eligible industrial units
Press Information Bureau Government of India Ministry of Commerce & Industry 29-December-2017 12:54 IST Scheme of budgetary support for cash component of CGST and IGST for eligible industrial units fo...
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TRAN-01 & Table 6A of Form GSTR-1 disabled wef 28.12.2017
As per information received from GSTN, It is informed that links related to following forms, have been disabled on GST Portal w.e.f. 28.12.2017: 1. Form GST TRAN-01 (as last date to file the form was...
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GST (Compensation to States) Amendment Bill, 2017 as introduced in Lok Sabha
Bill No. 269 of 2017THE GOODS AND SERVICES TAX (COMPENSATION TO STATES) AMENDMENT BILL, 2017ABILLto amend the Goods and Services Tax (Compensation to States) Act, 2017.BE it enacted by Parliament in t...
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Two websites for VAT / GST Dealers in Maharashtra wef 26.12.2017
Starting from 26/12/2017 MGSTD will have two portals, www.mahavat.gov.in for old e-Services and www.mahagst.gov.in for all New Automation / SAP e-Services.www.mahavat.gov.in 1. Prior period return fil...
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GST Process flow- Updating Mobile Number & Email Authorized Signatory
Directorate of Systems, ChennaiUpdating Mobile Number & Email Authorized SignatoryProcess flow- Updating Mobile Number & Email Authorized SignatorySteps involvedLogin using the provided credentialsSel...
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No major impact on prices of Essential Drugs post introduction of GST
Government ensuring Essential drugs are available to public at reduced prices: Shri Mansukh L. Mandaviya Minister of State for Road Transport & Highways, Shipping and Chemicals & Fertilizers, Shri Man...
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CBEC issues 9 new Notifications/ Circulars / Order on 21st Dec 2018
CBEC issues on 21.12.2018, 4 New Notifications , 4 new Circulars and one Order. Notification and orders are related to extension of due date of FORM GST CMP-03, Form GSTR-1, Form GST RFD-01, Form GST...
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Implementation of GST Under Ministry of Commerce & Industry
Ministry of Commerce & Industry Implementation of GST Under the Ministry 20-December, 2017 The implementation of GST in the country has been largely smooth barring a few teething problems. Further, it...
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Measures by Govt for Smooth Implementation of GST for MSME
Ministry of Micro,Small & Medium Enterprises Posted On: 20 DEC 2017 12:03PM by PIB Delhi Proactive Measures taken by Government for Smooth Implementation of GST for MSME Government has taken several p...
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139th Report on Impact of Goods and Services Tax on Exports
DEPARTMENT-RELATED PARLIAMENTARY STANDING COMMITTEE ON COMMERCE One Hundred and Thirty-Ninth Report on ‘Impact of Goods and Services Tax (GST) on Exports’ The Department Related Parliamentary Standing...
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Opting to file quarterly GST return is optional for taxpayers
Opting to file quarterly return is optional. Even if the annual turnover is less than 1.5 crores, the taxpayer may not opt for quarterly filing and continue to file monthly return.
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File Form TRAN-1 to avail Input Tax Credit- Last Date is 27 Dec 2017
Last date for filing of Form TRAN -1 to avail Input Tax Credit is 27 December 2017. Don’t wait for the last date. File Now. → Section 140 of the CGST/SGST Act provides for transition of Input Tax Cred...
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NIL return Filing & Questionnaire based display of Form GSTR‑3B
GSTR3B Nil Return Filing: So far there was no provision to file NIL Form GSTR 3B Return. All taxpayers were shown all tiles along with Payment tile. But in new implementation, in case a taxpayer selec...
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Form GSTR 1: Facility to edit invoices/credit or debit notes available on GST Portal
GOODS AND SERVICE TAX NETWORK Facility to edit details of invoices/credit or debit notes etc through Table 9 of Form GSTR 1 is now available on the GST Portal Taxpayers can now provide amendment to de...
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Taxpayers can now opt for quarterly filing of GSTR 1 Returns
Functionality to file quarterly GSTR 1 returns has been provide on the GST Portal, for those taxpayer whose value of clearances is less than Rs. 1.5 Cr in current or previous financial year.
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GST TRAN 2 is now available on GST Portal
Taxpayers, who were unregistered person under existing law, have been provided with facility to fill Form TRAN-2 on GST Portal, to give statement to avail credit on goods held in stock on the appointe...
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Functionality to create and submit Form GSTR 5A by OIDAR enabled
Functionality to create and submit Form GSTR 5A by OIDAR (Online Data Access or Retrieval Services) is now available on GST Portal www.gst.gov.in Functionality to create and submit return in Form GSTR...
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Inter-State e-way Bill to be compulsory from 1st February, 2018
The 24th GST Council Meeting held today through video conferencing decides that Inter-State e-way Bill to be made compulsory from 1st of February, 2018; The System to be ready by 16th of January, 2018...
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West Bengal FM says GST rollout a hasty one, while J&K & Bihar FMs term GST a landmark move
Special Session with State Finance Ministers on GST at FICCI’s 90th AGM West Bengal Finance Minister says GST rollout a hasty one, while J&K & Bihar Finance Ministers term GST a landmark move NEW DELH...