GST News 24.10.2017 by TaxHeal

By | October 24, 2017

Share this on WhatsApp GST News 24.10.2017 by TaxHeal TaxHeal Mobile App Download : https://drive.google.com/open?id=0BwJ… Subscribe Taxheal by Email : https://feedburner.google.com/fb/a/ma… Daily GST News Taxheal : https://www.youtube.com/playlist?list… GST Video Tutorials : https://www.youtube.com/channel/UCDy5…   GST News 24.10.2017 by TaxHeal : Headlines :- GST Rate on supply to Exporter GST on Printing Contracts : CBEC Clarification Fill… Read More »

Circular No 11/11/2017 GST : GST on printing contracts : CBEC Clarification

By | October 24, 2017

Share this on WhatsAppCircular No 11/11/2017 GST F. No. 354/263/2017-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit North Block, New Delhi 20th October 2017 To, The Principal Chief Commissioners/Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) / The Principal Director Generals/ Director Generals (All) Madam/Sir, Subject: Clarification on taxability… Read More »

Notification No 40/2017-Union Territory Tax (Rate) : UTGST Rates on Supplies to Exporter

By | October 24, 2017

Share this on WhatsAppNotification No 40/2017-Union Territory Tax (Rate) Seeks to prescribe Union Territory tax rate of 0.05% on intra-State supply of taxable goods by a registered supplier to a registered recipient for export subject to specified conditions vide Notification No 40/2017-Union Territory Tax (Rate) Dated 23rd October, 2017 [TO BE PUBLISHED IN THE GAZETTE OF INDIA,… Read More »

Notification No 41/2017 Integrated Tax (Rate) : IGST Rate for Export on inter-State supply of taxable goods

By | October 24, 2017

Share this on WhatsAppNotification No 41/2017 Integrated Tax (Rate) Seeks to prescribe Integrated Tax rate of 0.1% on inter-State supply of taxable goods by a registered supplier to a registered recipient for export subject to specified conditions vide Notification No 41/2017 Integrated Tax (Rate) 23rd October, 2017 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,… Read More »

Notification No 40/2017 Central Tax (Rate) : Central Tax rate for Export on intra-State supply of taxable goods

By | October 24, 2017

Share this on WhatsAppNotification No 40/2017 Central Tax (Rate) Seeks to prescribe Central Tax rate of 0.05% on intra-State supply of taxable goods by a registered supplier to a registered recipient for export subject to specified conditions. vide Notification No 40/2017 Central Tax (Rate) Dated 23rd October, 2017 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,… Read More »

GST News 23.10.2017 by TaxHeal

By | October 24, 2017

Share this on WhatsAppGST News 23.10.2017 by TaxHeal Topics covered Taxpayers guide to how ITC Values are calculated in GSTR 2. Taxpayers can download and edit earlier uploaded details of GSTR 2 using the Offline Tool Cancellation of GST Registration : Refund of GST: Penalty for Incorrect Classification of goods or services under GST GST… Read More »

Circular No 25 of 2017 : POEM Guidelines : CBDT Clarifications

By | October 23, 2017

Share this on WhatsAppCircular No 25 of 2017 F No 142/11/2015-TPL (Part-I) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes New Delhi, 23rd October, 2017 Subject: Clarification related to guidelines for establishing ‘Place of Effective Management’ (PoEM) in India-reg. The concept of ‘Place of Effective Management’ (PoEM) for deciding… Read More »

How to Restore GST Registration Application

By | October 23, 2017

Share this on WhatsAppRestore Registration Application 1. The Registration Application submitted by me has been rejected by the Tax Authority. What can I do now? If application for registration is rejected by Tax Authority, you can file appeal against the order within 3 months from the date of rejection order. After completion of hearing, if… Read More »

How to cancel GST Registration

By | October 23, 2017

Share this on WhatsAppCancellation of Provisional Registration 1. Can I as a migrated taxpayer*, cancel my Provisional Registration with GST? At what stage can I cancel my provisional registration? Upto what stage can I cancel my provisional registration? *Migrated taxpayers refers to taxpayers registered under Excise, Service Tax and State Tax Laws such as VAT,… Read More »

How to Withdraw from GST Composition Levy Scheme : FAQ

By | October 23, 2017

Share this on WhatsAppWithdrawal from Composition Levy 1. Can I withdraw from the Composition Levy? Yes, you can withdraw from the Composition Levy, at any time of the financial year, voluntarily. You can also withdraw from Composition Levy if your Annual aggregate turnover exceeds 50 lacs in Arunachal Pradesh, Assam, Himachal Pradesh, Manipur, Meghalaya, Mizoram,… Read More »

GST News 22.10.2017 by TaxHeal

By | October 23, 2017

Share this on WhatsAppGST News 22.10.2017 by TaxHeal Download TaxHeal Mobile App Related Topic on GST  Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press… Read More »

GST ITC matching in case of Reverse charge : Issues

By | October 22, 2017

Share this on WhatsAppSuggestions on GST Implementation Issues 28.09.2017 by ICAI   50. Matching, reversal and reclaim of input tax credit Section 42(1) of the CGST Act provides that the details of every inward supply furnished by a registered taxable person (hereinafter referred to in this section as the ‘recipient’) for a tax period shall,… Read More »

GST returns by casual taxable person : Issues

By | October 22, 2017

Share this on WhatsAppSuggestions on GST Implementation Issues 28.09.2017 by ICAI 49. Furnishing details of outward and inward supplies by the casual taxable person Section 37(1) of the CGST Act provides that every registered person, other than an Input Service Distributor, a non-resident taxable person and a person paying tax under the provisions of section… Read More »

Definition of Books of Accounts for GST

By | October 22, 2017

Share this on WhatsAppSuggestions on GST Implementation Issues 28.09.2017 by ICAI 48. Definition of Books of Accounts for the purpose of GST Section 35 of the CGST Act provides that every registered taxable person shall keep and maintain, at his principal place of business, as mentioned in the certificate of registration, a true and correct… Read More »

Cancellation of GST Registration : Issues

By | October 22, 2017

Share this on WhatsAppSuggestions on GST Implementation Issues 28.09.2017 by ICAI 46. Cancellation of Registration Section 29(2) of the CGST Act provides that the proper officer may cancel the registration of a person from such date, including any retrospective date, as he may deem fit, where, – – (a) a registered person has contravened such… Read More »

How ITC Values are calculated in GSTR 2

By | October 22, 2017

Share this on WhatsAppHow ITC Values are calculated in GSTR 2   Download TaxHeal Mobile App Related Topic on GST  Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments… Read More »

linking Aadhaar to bank accounts is mandatory : RBI

By | October 22, 2017

Share this on WhatsAppDate : Oct 21, 2017  Linking Aadhaar to bank accounts is mandatory Some news items have appeared in a section of the media quoting a reply to a Right to Information Act application that Aadhaar number linkage with bank accounts is not mandatory. The Reserve Bank clarifies that, in applicable cases, linkage of Aadhaar… Read More »

GST News 21.10.2017 by TaxHeal

By | October 22, 2017

Share this on WhatsAppGST News 21.10.2017 by TaxHeal Download TaxHeal Mobile App Related Topic on GST  Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press… Read More »

GST Issues : casual taxable person and non-resident taxable person

By | October 21, 2017

Share this on WhatsAppSuggestions on GST Implementation Issues 28.09.2017 by ICAI 45. Special provisions relating to casual taxable person and non-resident taxable person Section 27(2) of the CGST Act provides that: A casual taxable person or a non-residenttaxable person shall, at the time of submission of application for registration under sub- section (1) of section… Read More »

Time limit to fix effective date of GST Registration

By | October 21, 2017

Share this on WhatsAppSuggestions on GST Implementation Issues 28.09.2017 by ICAI 44. Time limit to fix effective date of Registration Section 25(11) of the CGST Act provides that a certificate of registration shall be issued in the prescribed form, with effective date as may be prescribed. Suggestion It is suggested that time limit be relaxed… Read More »

How to Correct errors in GSTR 2

By | October 21, 2017

Share this on WhatsAppHow to Correct errors in GSTR 2 Download TaxHeal Mobile App Related Topic on GST  Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments… Read More »

How to upload GSTR 2 using Offline Tool

By | October 21, 2017

Share this on WhatsAppHow to upload GSTR 2 using Offline Tool   Download TaxHeal Mobile App Related Topic on GST  Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments… Read More »

Check Details before submitting GSTR 2 : GSTN

By | October 21, 2017

Share this on WhatsAppCheck Details before submitting GSTR 2 Please note that no further modifications are allowed after submit. Please ensure that all details applicable for the tax period one provided correctly and completely on the portal before clicking on the submit button. Source: Official twitter handle for IT related queries on GST Saved vs. submit… Read More »

Section 247 of Companies act w.e.f 18.10.2017 Valuation by Registered Valuers

By | October 21, 2017

Share this on WhatsAppMinistry of Corporate Affairs issues Notification for commencement of Section 247 of the Companies Act, 2013 relating to Valuation by Registered Valuers ;.  The Companies (Registered Valuers and Valuation) Rules, 2017, finalized after public consultation and detailed deliberations with stakeholders, have also been issued simultaneously. The Ministry of Corporate Affairs has issued… Read More »

Download TaxHeal Mobile App

By | October 21, 2017

Share this on WhatsAppDownload TaxHeal Mobile App Download Download TaxHeal Mobile App Related Topic on GST  Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press Release… Read More »

Section 54F allowed even if amount not deposited in Capital Gain FDR Scheme but house purchased within time limit

By | October 21, 2017

Share this on WhatsAppHeld Having come to the conclusion that the assessee had utilised the net consideration in construction of a house within the period of three years from the date of transfer, the question would be whether the absence of deposit of unutilised net consideration in a specific bank account as is required u/s… Read More »

Electronic Liability Register under GST : FAQ by GSTN

By | October 21, 2017

Share this on WhatsAppElectronic Liability Register   1. What is an Electronic Liability Register? In an Electronic Liability Register, all liabilities accrued by the taxpayer are displayed. Payments made from the Electronic Cash Ledger and/or credit utilized to discharge the liabilities are also shown in the ledger. It can be accessed in the post-login mode… Read More »

GST on Education Services : Analysis

By | October 21, 2017

Share this on WhatsAppGST 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 training and developing knowledge, skill and character of students by normal schooling. Taxing the Education Sector has always been a sensitive issue, as education… Read More »

Electronic Way Bill in GST : Analysis

By | October 21, 2017

Share this on WhatsAppElectronic 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 consignment of goods and the details include name of consignor, consignee, the point of origin of the consignment, its destination, and route. Electronic Way… Read More »

Forms available on GST Portal Till 15.10.2017 for filing

By | October 20, 2017

Share this on WhatsAppAvailable Functionality in GST Portal as on 15.10.2017 Download TaxHeal Mobile App Related Topic on GST  Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST… Read More »

GST on Advance Payments : Notification Analysis

By | October 20, 2017

Share this on WhatsAppGST on Advance Payments : Notification Analysis Related Topic on GST  Topic Click Link GST Acts  Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars  GST Judgments GST Judgments GST Press Release GST… Read More »