1. GST Registration: Principal State to be taken in PART B of form GST REG-07 for Registration as a Tax Collector at Source in a state where there is no physical presence of the person. 2. Electronic Invoices: No requirement of digital signature of supplier on issuance of electronic invoices, bill of supply or consolidated …
Government has waived of Late Fees payable for the taxpayers for a period of July’17 to September’18 for return forms GSTR 3b, GSTR 1 and GSTR 4, provided that the said returns are furnished during the period of 22nd December’18 to 31st March’19. However, taxpayers who have nil return filing in FORM GSTR 3b will …
Newly migrated taxpayers get an extended time to file GSTR 3b, GSTR 1 (monthly) for months July’17 to February’19 till 31st March’19 and GSTR 1 (quarterly) for months July’17 to December’18 till 31st March’19. For the taxpayers who are completing or completed GST registration as per notifications released. GSTR 3b Date Extension Amendment in Notification …
Brief on Recommendations made during 31st Meeting of GST Council 1. GST Rate Reductions on various Goods 2. GST on solar power generating plant and other renewable energy plants 3. Reduction in GST rates/exemptions on services More Details
A Brief on the Decisions taken by GST Council in 31st Meeting held are: 1) Reductions in GST Rates and exemptions on services such as Movie Tickets, Third Party insurance premium on goods carrying vehicles, Services supplied by banks to Basic saving Bank Deposit(BSBD) account holders, Services supplied by GTA to government, Exemption on Services …
Issues referred by GST council to various Committees/GoM. These will be discussed in the next council meeting: 1. Extending of Composition Scheme to small service providers 2. Tax Rate on Lotteries 3. Taxation of residential property in real estate sector 4. Threshold limit of exemption under GST regime More Details
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 …
