As per Notification No. 08/2019 -Central tax, Dated-8th February, 2019 Due date for GSTR-7 (return by a registered person required to deduct tax at source under the provisions of section 51 of CGST Act) for the month of January,2019 has been extended upto 28th February, 2019. More Details
A small highlight of the GST Amendment Act 2019 released by government and its changes applicable from 1st February 2019 is as follows: 1. Multiple GST Registration can be obtained by a person having multiple place of business in same state or union territory. 2. GST Registration is mandatory only for E-commerce operator who are required …
As per Order No. 01/2019 -GST, Dated- 31st January, 2019 due date for declaration in FORM GST TRAN-1 has been extended upto 31st March, 2019, for class of registered person who could not submit the said declaration by the due date on account of technical difficulties on the common portal and whose case has been …
As per Notification No. 07/2019 -Central tax., Dated-31st January 2019 Due date for GSTR-7 (return by a registered person required to deduct tax at source under the provisions of section 51 of CGST Act) for the month of October, 2018 to December, 2018 has been extended upto 28th February, 2019. More Details
GSTN have come out with a facility to import following invoices declared in e-Way Bill System in Form GSTR1 by clicking on the “IMPORT EWB DATA” button in their respective tiles: B2B (Business-to-Business) invoices related to taxable outward supply transactions between registered taxable entities/persons B2CL (Business-to-Consumer) invoices related to taxable outward inter-State supply transactions between …
Provided that goods so supplied, when exports have already been made after availing input tax credit on inputs used in manufacture of such exports, shall be used in manufacture and supply of taxable goods (other than nil rated or fully exempted goods) and a certificate to this effect from a chartered accountant is submitted to …
The last date for passing examination for GST Practitioners to be extended till 31.12.2019 who were sales tax practitioner or tax return preparer under the existing law for a period of not less than five years. More Details
1. Increase in turnover limit to Rs. 1.5 crore for availing composition scheme. Special Category states to decide the composition turnover limit within 1 week. 2. Simplification of compliance for taxpayers under composition with one annual return to file but payment of taxes would remain quarterly with a simple declaration. 3. States will decide within …
Government clarifies the carry forward unutilized input credit under the CENVAT Credit Rules where the expression “eligible duties” will be included under CENVAT Credit or not. More Details
Clarification is given on the following 2 issues are: 1. Value of services by BF/BC to a banking company – The banking company is liable to pay GST on the entire value of service charge or fee charged to customers whether or not received via business facilitator or the business correspondent 2. The scope of …
