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GSTR 3B filing process simplified now
At the time of filing GSTR 3B Return, after login, the taxpayer has to select Yes/ No in the questionnaire provided. Based upon selection, relevant tiles open for entering data in Form GSTR 3B.
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News of GST Tax demands on Software Industry are without basis: MOF
Press Information Bureau Government of India Ministry of Finance 12-December-2017 15:41 IST Apprehensions about the negative effects of certain tax demands on the Software Industry are without basis I...
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Revise TRAN-I by 27.12.2017 if claimed wrong transitional Input credit
Filing of Form TRAN-I to avail Input Tax Credit Transition to GST provided for trust based transition of input tax credit of the existing taxpayers. A tax payer could file Form TRAN-1 and avail input...
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Advisory to taxpayers liable to file GSTR-1
The taxpayers whose aggregate turnover during preceding financial year exceeded Rs. 1.5 Cr or the new registrants who estimate their turnover to exceed Rs. 1.5 Cr during current financial year, have t...
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Telecom Sector demands Tax free Bond and Lower GST Rate- Budget 2018
The Union Finance Minister Shri Arun Jaitley holds his 6th Pre-Budget Consultation Meeting with Stakeholders from IT (Hardware & Software) Group;Highlights the steps taken by the present Government to...
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Builders demanding higher Tax Post GST Roll out will deemed to be profiteering
CHIEF COMMISSIONER OF CENTRAL TAX & CUSTOMS CentralExcise Building, Port Area, Vishakhapatnam- 53003 0891- 2568837, Fax- 2561942 Date: 06.12.2017 PRESS NOTE CLARIFICATION ON LEVY OF GST ON FLATS/ RESI...
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Taxpayers guide for Saving and Tracking of GST Refund application
GOODS AND SERVICES TAX NETWORKSaving and Tracking of Refund applicationApplication for refund can be saved at any stage of completion, for a maximum time period of 15 days. If the same is not submitte...
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Advisory- GSTR3B late fee inadvertently gets visible on reset of forms
Advisory – If you opt for reset of GSTR3B, late fee inadvertently gets visible for months for which it has been waived off.If you opt for reset of GSTR3B, late fee inadvertently gets visible for month...
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Error Message ‘CESS liability is yet to be set off’ while resetting GSTR-3B
Q 1: Taxpayer is not able to reset and file GSTR-3B. Error report shows “YOU HAVE ALREADY OFF SETTED GSTR-3B”, but CESS liability is yet to be set off.A: While filing, please ensure that there is suff...
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Revised FTP focuses on exporters leveraging GST benefits, promoting MSME & labour intensive sectors
Revised Foreign Trade Policy 2015-20 inter alia extends the benefit of sourcing inputs / capital goods from abroad as well as domestic suppliers without upfront payment of GST to exporters under Advan...
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Facility to revise Form GST TRAN-1 enabled on GST Portal
Facility to edit/revise / Amend/ Form GST TRAN-1 filed after 08-11-2017 enabled. Taxpayers can now file revised FORM GSTR-1 related to Transitional ITC Credit on stock even if it results in downward c...
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GST- Anti-Profiteering Application Form (APAF -1) prescribed by CBEC
CBEC released Anti-Profiteering Application Form (APAF – 1) which is to be To be filed before Standing Committee/State level Screening Committee in terms of Rule 128 of CGST Rules, 2017. The form is o...
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Punjab VAT Annual Return due date extended to 8th December 2017
Extension of Due date of filing of Punjab VAT Annual return VAT-20 for year 2016-17 from 30th November 2017 to 08th December 2017 by Government of Punjab vide its Notice dated 30th November 2017.Punja...
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GST reshaping FMCG logistics into modern business, says study
Trade and industry may have faced teething troubles from the Goods and Services Tax (GST) but the entire business landscape of FMCG (fast moving consumer goods), retail and logistics is going to be tr...
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Reasons for downward trend of tax revenue under GST
3 reasons for downward trend of tax revenue under GSTPress Information BureauGovernment of IndiaMinistry of Finance27-November-2017 19:29 ISTRs 83,346 crores collected under GST for the month of Octob...
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Available Functionality for Tax Payers in GST Portal as on 22.11.2017
Available functionality includes recently introduced facility for Creation and submission of Form GSTR 2 using Offline Utility (without xls download from tool) and faility for Creation and submission...
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Functionality for refund of Input Tax Credit for exports enabled
GOODS AND SERVICES TAX NETWORK Functionality for refund of Input Tax Credit of inputs/input services attributed to export of Goods & Services has been made available to taxpayers on the GST Portal. Th...
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Calculation of Late Form GSTR- 3B Return filing fees on GST Portal
Late Fee (CGST + SGST) payable by taxpayers will now be calculated on the GST Portal as below:- Rs 50 per day for filing of FORM GSTR- 3B Return after the due date for the month of October, 2017 on wa...
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Pass Benefit of GST Rate Reduction to the Consumers: CBEC
PRESS RELEASE 20th November 2017 SUBJECT : APPEAL TO INDUSTRY LEADERS TO PASS THE BENEFIT OF GST RATE REDUCTION TO THE CONSUMERS The GST Council in its 23rd meeting held on 10th November, 2017 at Guwa...
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Permission to display revised MRP due to reduction of rates of GST up to 31.12.2017
Press Information BureauGovernment of IndiaMinistry of Consumer Affairs, Food & Public Distribution17-November-2017 17:50 ISTShri Ram Vilas Paswan grants permission to display revised MRP due to reduc...