Recommendations regarding the following are made during 31st Meeting of GST Council: 1. Single Cash Ledger for each tax head. 2. Introduction of new returning filing system from April’19 on trial basis and July’19 on mandatory basis. 3. Due date of annual returns and some changes in forms GSTR 9, GSTR 9A and GSTR 9C …
GST council is making the following amendments to law: 1. Creation of Centralised Appellate Authority for Advance Ruling (AAAR) to solve the conflicting decisions of 2 or more State Appellate Advance Ruling Authorities on the same issue. 2. Interest shall be charged on the net tax liability only that is the tax payable through electronic …
Common Enrolment for GSTIN Registered Transporters has been enabled on the E-way Bill Portal as per Rule 58 amended through Notification No. 28/2018 – Central Tax New Delhi, on 19th June, 2018. This notification stated that a transporter who is registered in more than one State or Union Territory having the same Permanent Account Number, …
CBIC specified the Effective tax rate on complex, building, flat etc. GST is applicable on sale of under construction property or ready to move-in flats where completion certificate has not been issued at the time of sale. It is stated that Effective Tax Rate on affordable housing segment is 8% and Other segments is 12% …
Extension for due date of filing GSTR-9, GSTR-9A and GSTR 9C till 31st March’2019. More Details
The total refund of Rs. 91,149 crores has been disposed out of the total Refund claims of Rs. 97,202 achieving a disposal rate of 93.77%. The remaining are being processed to provide relief to the claimants. Cooperation of the exporter community has been requested to respond to the deficiency memos and errors communicated by the …
The time limit for filing return GSTR 7 by registered persons required to deduct tax at source (TCS) for the months of October’2018 to December’2018 has been extended till 31st January’2019. More Details
