Saturday, 21 July 2018
GSTNagar: National Anti-Profiteering Authority in GST
GSTNagar: National Anti-Profiteering Authority in GST: National Anti-Profiteering Authority Introduction: Any reduction in rate of tax on any supply of goods or services or the ...
GSTNagar: Appeals and Review Mechanism under GST
GSTNagar: Appeals and Review Mechanism under GST: Appeals and Review Mechanism under GST Introduction Tax laws (or any law, for that matter) impose obligations. Such obliga...
GSTNagar: Composite Supply and Mixed Supply in GST
GSTNagar: Composite Supply and Mixed Supply in GST: Introduction A taxable event under GST is supply of goods or services or both. GST will be payable on every supply of goods or servi...
GSTNagar: Accounts and records in GST
GSTNagar: Accounts and records in GST: Assessment in GST is mainly focused on self-assessment by the taxpayers themselves. Every taxpayer is required to self-assess the taxes ...
GSTNagar: E-RETURNS IN GST
GSTNagar: E-RETURNS IN GST: The basic features of the returns mechanism in GST include electronic filing of returns, uploading of invoice level information and au...
GSTNagar: E-REGISTRATION in GST
GSTNagar: E-REGISTRATION in GST: Introduction In any tax system, registration is the most fundamental requirement for identification of tax payers ensuring tax complia...
GSTNagar: Pure Agent Concept in GST
GSTNagar: Pure Agent Concept in GST: INTRODUCTION The GST Act defines an Agent as a person including a factor, broker, commission agent, arhatia, del credere agent, a...
GSTNagar: Debit Note in GST
GSTNagar: Debit Note in GST: Introduction A supplier of goods or services or both is mandatorily required to issue a tax invoice. However, during the course of...
GSTNagar: Credit Note in GST
GSTNagar: Credit Note in GST: Introduction A supplier of goods or services or both is mandatorily required to issue a tax invoice. However, during the course of...
GSTNagar: Special Audit in GST
GSTNagar: Special Audit in GST: Introduction GST is a trust based taxation regime wherein the assessee is required to self-assess his returns and determine tax liabi...
GSTNagar: RECOVERY OF TAX
GSTNagar: RECOVERY OF TAX: 1. Tax administration occasionally comes across situations where the tax dues are not paid correctly by the tax payers, most of the time...
GSTNagar: Refunds in GST
GSTNagar: Refunds in GST: Introduction Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds ...
GSTNagar: TCS MECHANISM in GST
GSTNagar: TCS MECHANISM in GST: Tax Collection at Source (TCS) has similarities with TDS, as well as a few distinctive features. TDS refers to the tax which is deducted ...
GSTNagar: Composition Levy Scheme under GST
GSTNagar: Composition Levy Scheme under GST: Q 1. What is composition levy scheme under GST ? Ans. The composition levy is an alternative method of levy of tax designed for small...
GSTNagar: Charitable and Religious Trusts under GST
GSTNagar: Charitable and Religious Trusts under GST: The provisions relating to taxation of activities of charitable institutions and religious trusts have been borrowed and carried over fr...
GSTNagar: Levy of GST on supply of services to the Co-operat...
GSTNagar: Levy of GST on supply of services to the Co-operat...: S. No. Question Answer 1. The society collects the following charges from the members on...
GSTNagar: INPUT TAX CREDIT MECHANISM
GSTNagar: INPUT TAX CREDIT MECHANISM: Uninterrupted and seamless chain of input tax credit (hereinafter referred to as, “ITC”) is one of the key features of Goods and Services ...
GSTNagar: GSTR-3B FOR JULY, 2017
GSTNagar: GSTR-3B FOR JULY, 2017: A. Registered persons planning not to avail transitional credit for discharging the tax liability for the month of July, 201...
GSTNagar: CLARIFICATION
GSTNagar: CLARIFICATION: Sr. No. Questions/ Clarifications sought Clarifications 1 Will GST be charged on actual tari...
GSTNagar: Casual taxable person in GST
GSTNagar: Casual taxable person in GST: Introduction “Casual taxable person” means a person who occasionally undertakes transactions involving supply of goods or services o...
GSTNagar: Goods Transport Agency in GST
GSTNagar: Goods Transport Agency in GST: Background of levying tax on the services of Goods Transport Agency The levy of Service Tax on Road Transportation Service has always ...
GSTNagar: GST- QUE AND ANS
GSTNagar: GST- QUE AND ANS: Q. I want to understand that 50 different people come and buy in cash from us and they do not want to give their details. A. Small ta...
GSTNagar: GST- Q AND A
GSTNagar: GST- Q AND A: Q. Bill final in 15-11-16 but not payment yet what is paymant in GST and thecontract rate is decide (item+vat) A. If tax was paid befo...
GSTNagar: GST- Q AND Answers
GSTNagar: GST- Q AND Answers: Q.I have purchase branch in erode, tamilnadu and sales branch(h.o) in kolkata.how does the goods to be sent to kolkatta, and also whether ...
GSTNagar: GST- Q AND Answers
GSTNagar: GST- Q AND Answers: How to correct errors in GST registration? Process You must submit FORM GST REG-14 along with documents. The GST officer will verify ...
GSTNagar: Allowance of Expenses and Input Tax Credit
GSTNagar: Allowance of Expenses and Input Tax Credit: Sr. No Nature of Expense Rate of Tax Whether registered supplier will levy tax Whether...
GSTNagar: GST on Education Services
GSTNagar: GST on Education Services: “Education” is not defined in the CGST Act but as per Apex Court decision in “Loka Shikshana Trust v/s CIT”, education is process of t...
GSTNagar: Refund of unutilised Input Tax Credit (ITC)
GSTNagar: Refund of unutilised Input Tax Credit (ITC): Accumulation of Input Tax Credit happens when the tax paid on inputs is more than the output tax liability. Such accumulation will have ...
GSTNagar: Electronic Way Bill in GST
GSTNagar: Electronic Way Bill in GST: Introduction A waybill is a receipt or a document issued by a carrier giving details and instructions relating to the shipment of a...
GSTNagar: CHANGES IN GST RATES
GSTNagar: CHANGES IN GST RATES: [As per discussions in the 22 nd GST Council Meeting held on 6 th October, 2017] A. GST RATE FOR CERTAIN GOODS S....
GSTNagar: GST rates on job work services
GSTNagar: GST rates on job work services: Decisions taken by the GST Council in the 22 nd meeting held on 6 th October 2017 GST rates on job work services is being rationalised...
GSTNagar: GSTR – 2 INFORMATION
GSTNagar: GSTR – 2 INFORMATION: 1. WHAT IS FORM GSTR-2? GSTR-2 is the details of inward supplies of goods or services to be furnished by registered taxpayer on a monthl...
GSTNagar: GST REGISTRATION AMENDMENT
GSTNagar: GST REGISTRATION AMENDMENT: 1. CAN AMENDMENTS BE MADE TO THE INFORMATION SUBMITTED IN THE REGISTRATION APPLICATION? Once the applicant is registered under GST, the ...
GSTNagar: GST-ELECTRONIC CASH AND ITC LEDGER
GSTNagar: GST-ELECTRONIC CASH AND ITC LEDGER: 1. AFTER SUBMITTING THE GSTR-3B RETURN, I WAS TRYING TO MAKE PAYMENT OF THE TAX AND WAS TRYING TO OFFSET MY LIABILITY FROM THE ELECTRONIC ...
GSTNagar: GSTR - 2A INFORMATION
GSTNagar: GSTR - 2A INFORMATION: 1. What is GSTR 2A? GSTR 2A is a system generated ‘draft’ Statement of Inward Supplies for a Receiver Taxpayer. It is auto-populated fro...
GSTNagar: GST Payment Related Grievances
GSTNagar: GST Payment Related Grievances: 1. For which issues can I raise a grievance? Please do not raise a grievance under the following conditions: 2. Who can report grieva...
GSTNagar: GST – Q AND A
GSTNagar: GST – Q AND A: Q. Is RCM applicable on service availed from unregistered Goods Transport Agency? A. Yes Q. What is meaning of TBU in GST site? ...
GSTNagar: GST – LATEST
GSTNagar: GST – LATEST: PRESS RELEASE ON GST RATE CHANGES Recommendations made by the GST Council as per discussions in its 23 rd Meeting on 10 th November,...
GSTNagar: GST - REFUND CLAIMS - ZERO RATED SUPPLIES
GSTNagar: GST - REFUND CLAIMS - ZERO RATED SUPPLIES: Circular No. 17/17/2017 - GST Sub – Manual filing and processing of refund claims in respect of zero-rated supplies - reg. Due to th...
GSTNagar: GST - Q AND A
GSTNagar: GST - Q AND A: Q. Can composition dealer are liable for pay RCM on expenditure? A. No Q. I am planning to buy car in the name of my proprietor ship...
GSTNagar: GST - CHANGE
GSTNagar: GST - CHANGE: 13 th October, 2017 THE CENTRAL GOODS AND SERVICES TAX (REMOVAL OF DIFFICULTIES) ORDER, 2017 Order No. 01/2017-Central Tax S.O. (...
GSTNagar: GST - FAQs on ethical issues for Chartered Account...
GSTNagar: GST - FAQs on ethical issues for Chartered Account...: FAQs on ethical issues relating to GST for Chartered Accountants by ICAI Q1. Whether a member in practice can engage as GST practitioner...
GSTNagar: GST - CIRCULAR
GSTNagar: GST - CIRCULAR: Circular No 16/16/2017 GST F. No. 354/173/2017-TRU 15th November 2017 Subject: Clarifications regarding applicability of GST and avai...
GSTNagar: GST – SPECIAL AUDIT
GSTNagar: GST – SPECIAL AUDIT: Introduction GST is a trust based taxation regime wherein the assessee is required to self-assess his returns and determine tax liabilit...
GSTNagar: GST – C FORM PURCHASES
GSTNagar: GST – C FORM PURCHASES: Clarification Regarding the Inter-State Purchases Against C Form for Period Starting From 1st July 2017 Maharashtra sales tax department...
GSTNagar: GST – COMPLAINT OF WRONG PAYMENT
GSTNagar: GST – COMPLAINT OF WRONG PAYMENT: Have you been charged GST wrongly? Here's how to report tax fraud? We're four odd months into the new GST regime, and already ...
GSTNagar: GST - APPLICATION FOR REFUND [MANUAL]
GSTNagar: GST - APPLICATION FOR REFUND [MANUAL]: FORM-GST-RFD-01 A [See rules 89(1) and 97...
GSTNagar: GST - INSURANCE PREMIUM AND BANK CHARGES
GSTNagar: GST - INSURANCE PREMIUM AND BANK CHARGES: Impact of GST on Insurance The old tax rate on basic insurance services was 15 per cent, comprising of 14% service tax, .5% Swachh Bhara...
GSTNagar: GST - DEBIT NOTE, KYC
GSTNagar: GST - DEBIT NOTE, KYC: Introduction A supplier of goods or services or both is mandatorily required to issue a tax invoice. However, during the course of tra...
GSTNagar: GST - RCM, REFUND
GSTNagar: GST - RCM, REFUND: NOW, YOU CAN CLAIM REFUND OF EXCESS AMOUNT IN YOUR ELECTRONIC CASH LELDGER अब आप अपने CASH LEDGER में पड...
GSTNagar: GST - GSTR - 2, 2A, 3B
GSTNagar: GST - GSTR - 2, 2A, 3B: आपके BUYER ने अगर आपके GOODS का SALE किया इसका मतलब कि उसके PURCHASE का कोई INVOIC...
GSTNagar: GST - RETURN STATUS
GSTNagar: GST - RETURN STATUS: I am a taxpayer. How can I track return status that I have submitted after logging to the GST Portal? On submission of the return, you w...
GSTNagar: GST - Q AND A
GSTNagar: GST - Q AND A: Q. Is 1% tax to be paid on exempt supplies as well as nil rated supplies by composition person? A. Read section 2(6) with 10 of CGST Tax...
GSTNagar: GST - Anti-Profiteering Measures
GSTNagar: GST - Anti-Profiteering Measures: The Government is committed to ensure all consumers enjoy the benefit of lower prices of goods and services under GST. Under GST, suppli...
GSTNagar: GST - CHANGING THE TAX RATE
GSTNagar: GST - CHANGING THE TAX RATE: How to Determine the GST Tax Rate In Case Of Changing the Tax Rate GST rates of many goods and ...
GSTNagar: GST - ELECTRONIC WAY BILL RULES
GSTNagar: GST - ELECTRONIC WAY BILL RULES: 138. Information to be furnished prior to commencement of movement of goods and generation of e-way bill - (1)Every registered person w...
GSTNagar: जीसटी – इलेक्ट्रॉनिक वाहतूक बील
GSTNagar: जीसटी – इलेक्ट्रॉनिक वाहतूक बील: इलेक्ट्रॉनिक वाहतूक बील जीसटीच्या २४ व्या बैठकीच्या निर्णयाप्रमाणे १६ जानेवारी २०१८ पासून चाचणी आधारावर ई-वे बीलच्या तरतुदी राष्ट्रव...
GSTNagar: GST – Q AND A
GSTNagar: GST – Q AND A: Q. I am a small businessman with annual turnover about Rs.20 lacs, I am into installation of fountains, which includes complete fitting o...
GSTNagar: GST – ELECTRONIC WAY BILL
GSTNagar: GST – ELECTRONIC WAY BILL: The GST Council deciding to advance the date for implementing the e-way bill - an electronic way of tracking movement of goods -- system. ...
GSTNagar: GST on Transfer of property under Tripartite Agree...
GSTNagar: GST on Transfer of property under Tripartite Agree...: Introduction A typical transaction in this business will entail three parties, namely; builder (or developer), land owning party and fla...
GSTNagar: GST on Transfer of property under Tripartite Agree...
GSTNagar: GST on Transfer of property under Tripartite Agree...: STAGE III: SALE/TRANSFER OF FLATS BY THE LANDOWNER Taxability of transfer/sale of flats by the landowner In normal parlance, in tri-pa...
GSTNagar: GST – SCRUTINY AND AUDIT
GSTNagar: GST – SCRUTINY AND AUDIT: INTRODUCTION There are specific provisions under GST laws on Scrutiny and Audit, both of which are different. There are fundamental di...
GSTNagar: GST - Q AND A
GSTNagar: GST - Q AND A: Q. What is the major difference from Cash Discount and Trade Discount? We are giving discount to our customers for making payment prior to...
GSTNagar: GST - E-WAY BILL
GSTNagar: GST - E-WAY BILL: GST e-way bill — a new complex digital document and tracker for cargo transportation by road — has left the logistics and transportation in...
GSTNagar: GST - E-WAY BILL
GSTNagar: GST - E-WAY BILL: What is an e-Way Bill? E-way bill is a document required to be carried by a person in charge of the conveyance carrying any consignment ...
GSTNagar: GST - mahagst.gov.in
GSTNagar: GST - mahagst.gov.in: 1. Introduction This utility allows legacy dealers who are already registered under any of the act administered by MSTD, to c...
GSTNagar: GST - FAQs on Transport & Logistics
GSTNagar: GST - FAQs on Transport & Logistics: Q 1. I am a single truck owner-operator and I ply my truck mostly between States, carrying the goods booked for my truck by an agent; aggr...
GSTNagar: GST + NOTIFICATION
GSTNagar: GST + NOTIFICATION: Notification No. 73/2017 – Central Tax New Delhi, the 29 th December, 2017 G.S.R……(E):- In exercise of the powers conferred by secti...
GSTNagar: GST - How to Generate E-Way Bill on Portal?
GSTNagar: GST - How to Generate E-Way Bill on Portal?: The e-way bill (EWB) portal provides a seamless gateway to generate e-way bills (single and consolidated options), change vehicle number o...
GSTNagar: GST - How to generate Consolidated E-Way Bills on ...
GSTNagar: GST - How to generate Consolidated E-Way Bills on ...: Consolidated E-Way Bill (EWB-02) is a single document that contains details of all the E-Way Bills related to the consignments. If you a...
GSTNagar: GST - Generate, Modify or Delete E-Way Bill using ...
GSTNagar: GST - Generate, Modify or Delete E-Way Bill using ...: There are two modes of managing your e-way bills: 1. Web-based 2. via SMS A...
GSTNagar: GST - CHANGES IN GST REGISTRATION
GSTNagar: GST - CHANGES IN GST REGISTRATION: 1. Who can update GST registration details? A business can update or correct its GST registration details when: The application is bei...
GSTNagar: GST - LATTER OF GST PRACTITIONER'S OF MAHARASHTRA
GSTNagar: GST - LATTER OF GST PRACTITIONER'S OF MAHARASHTRA: Date: 14th December 2017 Necessity to change the system of filing returns under GST Implementation of GST and subsuming almost all ind...
GSTNagar: AADHAAR: Frequently Asked Questions
GSTNagar: AADHAAR: Frequently Asked Questions: Q 1: UIDAI has all my data including biometrics, bank account, PAN, etc. Will they be used to track my activities? A : Absolutely false....
GSTNagar: GST – EVASION OF TAX
GSTNagar: GST – EVASION OF TAX: In a recent survey, it is found that the taxpayers have bypassed each and every strict tax vigilance until now as the taxpayers and busine...
GSTNagar: GST - E-WAY BILL
GSTNagar: GST - E-WAY BILL: The e-way bill for the inter-state movement has been advanced to February 1 from April 1, while the trial began from January ...
GSTNagar: GST - LATEST DECISIONS DT.18.1.18
GSTNagar: GST - LATEST DECISIONS DT.18.1.18: Decisions relating to Services in the 25 th meeting of GST Council held at New Delhi on 18.01.2018 The following decisions relating to ...
GSTNagar: GST - LATEST POLICY CHANGES
GSTNagar: GST - LATEST POLICY CHANGES: Recommendations made during the 25 th meeting of the GST Council held in New Delhi on 18 th January, 2018 Policy Changes ...
GSTNagar: GST - LATEST CHANGES IN RATES
GSTNagar: GST - LATEST CHANGES IN RATES: RECOMMENDATIONS FOR CHANGES IN GST/IGST RATE AND CLARIFICATIONS IN RESPECT OF GST RATE ON CERTAIN GOODS [As per discussions in the ...
GSTNagar: GST – SHOW CAUSE NOTICE
GSTNagar: GST – SHOW CAUSE NOTICE: GST Department of states have started sending notices to dealers who have opted for GST Composition Scheme for failure to mention “ Compos...
GSTNagar: GST - E-WAY BILL SYSTEM TIPS
GSTNagar: GST - E-WAY BILL SYSTEM TIPS: • E-way bill system web-site address is http://ewaybill.nic.in • Please see the help desk contact details on this portal for your state ...
GSTNagar: GST - FAQ ON E-WAY BILL
GSTNagar: GST - FAQ ON E-WAY BILL: Q.1 Where multiple invoices are generated on the same customer to be supplied through a same truck. Whether multiple E-way bills must be g...
GSTNagar: 7 NEW FEATURES TO SIMPLIFY GSTR-3B FILING
GSTNagar: 7 NEW FEATURES TO SIMPLIFY GSTR-3B FILING: 1. Tax payment - Earlier, a taxpayer was required to submit the return to ascertain the tax liability amount. Post submission, no changes...
GSTNagar: CLARIFICATION - E-WAY BILL SYSTEM
GSTNagar: CLARIFICATION - E-WAY BILL SYSTEM: The e-way bill system for inter-State movement of goods across the country is being introduced from 01st April 2018. Few clarifications r...
GSTNagar: GST - EVEN MISMATCH OF 70 PAISA GETS NOTICE
GSTNagar: GST - EVEN MISMATCH OF 70 PAISA GETS NOTICE: The goods and services tax is getting strict and compliant with the use of data analytics used by the GST officers in capturing discrepan...
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