GST – Meaning and Scope of Supply – Analysis

Share this on WhatsApp GST – Meaning and Scope of Supply The taxable event in GST is supply of goods or services or both. Various taxable events like manufacture, sale, rendering of service, purchase, entry into a territory of state etc. have been done away with in favour of just one event i.e. supply. The… Read More »

Advisory for GST migration

Share this on WhatsAppAdvisory for GST migration The GST common portal would reopen for migration on 25th June 2017. Assessees are required to complete the migration process before 30th September 2017. DG Systems is constantly compiling the provisional Id requests and sending them to GSTN for creation of Provisional IDs and pursuing with GSTN for issuance… Read More »

GST Refunds – Analysis

Share this on WhatsAppGST Refunds Introduction Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. The provisions pertaining to refund contained in the GST law aim to streamline and standardise the refund procedures under GST regime. Thus,… Read More »

GST Recovery of Tax – Analysis

Share this on WhatsAppGST Recovery of Tax Introduction 1. Tax administration occasionally comes across situations where the tax dues are not paid correctly by the tax payers, most of the times inadvertently and sometimes deliberately. To minimise the inadvertent short payment of taxes, the concept of ‘Matching’ details of ‘Outward supplies’ of supplier with the… Read More »

GST TCS Mechanism – Analysis

Share this on WhatsAppGST TCS Mechanism Introduction Tax Collection at Source (TCS) has similarities with TDS, as well as a few distinctive features. TDS refers to the tax which is deducted when the recipient of goods or services makes some payments under a contract etc. while TCS refers to the tax which is collected by… Read More »

New Housing Scheme of EPF & MP Act 1952

Share this on WhatsAppEPFO signs MoU with HUDCO under new Housing Scheme of EPF & MP Act-1952 Dr. V.P. Joy, Central Provident Fund Commissioner and Dr. M. Ravi Kanth, CMD HUDCO signed a Memorandum of Understanding (MoU) in the august presence of Union Minister of Urban Development, Housing & Urban Poverty Alleviation, Shri M. Venkaiah… Read More »

GST – Govt expresses Gratitude to State CMs & others

Share this on WhatsAppCabinet expresses Gratitude to State CMs and others for their cooperation in introduction of GST The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has passed a resolution expressing gratitude to Chief Ministers of States and others for their cooperation in introduction of GST. “GST is the biggest tax reform… Read More »

New GST Registration : What, Who,When, Where, How Explained

Share this on WhatsAppNew GST Registration The following FAQ on new GST registration will help the users of the GST System Portal to understand and easily use the GST System Portal. 2. New GST Registration: What, Who,When, Where, How 2. 1 What is a GST Registration? GST Registration of a business with the tax authorities… Read More »

GST Registration as Tax Deductor or collector – FAQ’s

Share this on WhatsAppGST Registration as Tax Deductor or collector Who needs to register under GST as a TDS ? TDS stands for Tax Deducted at Source (TDS). All Governments, Government undertakings, Local Authorities and other notified entities making contractual payments in excess of INR 2.5 Lakhs to suppliers need to register as a TDS… Read More »

GST Practitioner FAQ’s

Share this on WhatsAppGST Practitioner Who is a GST Practitioner? GST Practitioner is a tax professional who can prepare returns and perform other activities on the basis of the information furnished to him by a taxable person. However, the legal responsibility of such filings remains with the Taxpayer. For this purpose, GST Practitioners (GSTP) are… Read More »

How to Register DSC for GST – Steps with Screenshots

Share this on WhatsAppRegister DSC for GST Here we have explained steps to register DSC for GST with Screenshots Register DSC for GST Access GST Portal through www.gst.gov.in. Correcting Issue of DSC – emsigner Correcting Issue of DSC –emsigner (trust key issue) To troubleshoot the DSC issue, you first need to check if the trust key… Read More »

GST Application submission through DSC , EVC and E Sign – Process

Share this on WhatsAppGST Application submission through EVC Verification & Submission of Application Access GST Portal through www.gst.gov.in. GST Application Submission with DSC Do GST Registration and fill all relevant details  . Read How to Apply for GST New Registration – Explained with Screenshots & Examples After completion of all the details, applicant has to verify application… Read More »

GST Rates

Share this on WhatsAppGST Rates GST Rates for Goods ( India ) Chapter Wise GST Rates Services ( With Exemption List ) GST Compensation Cess Rates Services Under Reverse Charge as Approved By GST Council Service Accounting Code with Services Classification under GST IGST Exemptions/Concessions under GST   Share this on WhatsApp

GST Inspection , Search , Seizure and Arrest – Analysis

Share this on WhatsAppGST Inspection , Search , Seizure and Arrest 1. In any tax administration the provisions for Inspection, Search, Seizure and Arrest are provided to protect the interest of genuine tax payers (as the Tax evaders, by evading the tax, get an unfair advantage over the genuine tax payers) and as a deterrent… Read More »

GST Notifications

Share this on WhatsAppGST Act Notifications Central Tax (CGST Act 2017 ) Notifications  Integrated Tax (IGST Act 2017 ) Notifications Union Territory Tax ( UTGST Act 2017) Notifications     Share this on WhatsApp

Topic wise Commentary on GST Act of India

Share this on WhatsAppTopic wise Commentary on GST Act of India Here we have compiled topic wise commentary on CGST Act 2017 , IGST Act 2017  and UTGST Act 2017 of India and SGST Acts Topic Link GST Acts Central GST Act and States GST Acts     Rules GST Rules     Notifications GST Act Notifications     Registration Compulsory… Read More »

Job Work under GST – Analysis

Share this on WhatsAppJob Work under GST Introduction Job-work sector constitutes a significant industry in Indian economy. It includes outsourced activities that may or may not culminate into manufacture. The term Job-work itself explains the meaning. It is processing of goods supplied by the principal. The concept of job-work already exists in Central Excise, wherein… Read More »

Certain Sections of UTGST Act 2017 comes into force w.e.f 22.06.2017 – Notification No. 1/2017–UNION TERRITORY TAX , Dtd 21st June, 2017

Share this on WhatsAppNOTIFICATION No. 1/2017–UNION TERRITORY TAX Summary -By Notification No. 1/2017–UNION TERRITORY TAX Dated 21.06.2017 given below , ministry of finance has notified the following Sections of UTGST Act 2017 Section 1. Short title, extent and commencement. Section 2. Definitions. Section 3. Officers under this Act. Section 4. Authorisation of officers. Section 5.… Read More »

How to File GST Return – Explained with screenshots / Examples

Share this on WhatsAppProcess to File GST Return You must be worried how to file GST return in India after GST act comes into force w.e.f 01.07.2017. Here we are giving entire process to file GST return with screen shots and Examples for easy understanding of filing GSTR 1, GSTR 2 and GSTR 3 returns.… Read More »

List of States who passed SGST Act Till date in India

Share this on WhatsAppAll States/UTs except the State of Jammu & Kashmir, approves the State GST Act and are ready for the smooth roll-out of GST with effect from 1st July, 2017. As of today, all the States and Union Territories (having assemblies), except the State of Jammu & Kashmir, have approved the State Goods… Read More »

GST Return – Analysis

Share this on WhatsAppGST Return The basic features of the returns mechanism in GST include electronic filing of returns, uploading of invoice level information and auto-population of information relating to Input Tax Credit (ITC) from returns of supplier to that of recipient, invoice-level information matching and auto reversal of Input Tax Credit in case of… Read More »

Tripura GST Act 2017 Notification Download – Print

Share this on WhatsAppTripura GST Act 2017 Tripura GST Act 2017 received the assent of the Governor of Tripura on the 13th June, 2017 and is hereby published for General information BE it enacted by The- Tripura Legislative Assembly in’the Sixty-eighth Year of the Republic of India as follows:- CHAPTER I PRELIMINARY 1. (l) This… Read More »

SGST Acts – Download State Wise GST Acts Passed by Indian States

Share this on WhatsAppSGST Acts Download State Wise SGST Acts passed by various States in India Sl. No. Name of Center Date on which  Acts passed  Download Acts & Bills   India  29th March 2017 CGST Act 2017 IGST Act 2017 UTGST Act 2017 Compensation to States Act 2017   Name of the States /UT’s 1.… Read More »

FAQ on GST Registration as Tax Deductor on GST Potal

Share this on WhatsAppGST Registration as Tax Deductor on GST Potal Who needs to register under GST as a TDS ? TDS stands for Tax Deducted at Source (TDS). All Governments, Government undertakings, Local Authorities and other notified entities making contractual payments in excess of INR 2.5 Lakhs to suppliers need to register as a… Read More »

GST Registration as Tax Deductor on GST Potal- Guide – Download

Share this on WhatsAppGST Registration as Tax Deductor This document covers the User Manual for Registration as Tax Deductor under the provisions of GST Act. The document will help the users of the GST System Portal to understand and easily use the GST System Portal. [ Also read FAQ on GST Registration as Tax Deductor on… Read More »

Preparedness for smooth roll-out of GST w.e.f 01.07.2017

Share this on WhatsAppCabinet Secretary reviews preparedness for smooth roll-out of GST with effect from 1st July, 2017; Asks Secretaries of different Departments and CMDs of CPSUs to take full responsibility of their respective stake-holders and ensure the successful implementation of the GST. The Cabinet Secretary Shri P.K.Sinha today took a detailed review of the… Read More »

GST Facilitation Cell (Details)-Department of Industrial Policy & Promotion

Share this on WhatsAppGST Facilitation Cell (Details)-Department of Industrial Policy & Promotion A GST facilitation cell has been set up in the Department of Industrial Policy & Promotion to answer queries regarding  GST.  The GST facilitation cell is headed by Shri Sudhansu Sekhar Das, Economic Adviser (ss.das@nic.in, Tel:23063932) and consists of the following: Shri Piyush… Read More »

Modes of verification under CGST Rules 2017 Notified by Govt – Notification No. 6/2017 – Central Tax , Dtd 19th June, 2017

Share this on WhatsAppNotification No. 6/2017 – Central Tax Summary – By Notification No. 6/2017 – Central Tax Dated 19.06.2017 CBEC prescribes Modes of verification under CGST Rules, 2017 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF… Read More »

CGST Act 2017 – Notifying jurisdiction of Central Tax Officers – Notification No. 2 / 2017-Central Tax , Dtd 19th June, 2017

Share this on WhatsAppNotification No. 2/2017-Central Tax Summary :  By Notification No. 2/2017-Central Tax dated 19th June, 2017 given below CBEC notified jurisdiction of Central Tax Officers under CGST Act 2017 and IGST Act 2017 [TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF… Read More »

Certain sections of CGST Act 2017 comes into force w.e.f. 22.06.2017 – Notification No. 1/2017 – Central Tax , Dtd 19th June, 2017

Share this on WhatsAppNotification No. 1/2017 – Central Tax Summary : By Notification No. 1/2017 – Central Tax Dated 19.06.2017 given below , CBEC notified following sections of CGST Act 2017 w.e.f 22.06.2017 :- Section 1 . Short title, extent and commencement. Section 2. Definitions. Section 3. Officers under this Act. Section 4. Appointment of officers.… Read More »

GST – PC Bangaluru empowered to grant registration in case of OIDAR services – Notification No. 2/2017 – Integrated Tax , Dtd 19th June, 2017

Share this on WhatsAppSummary : By Notification No. 2/2017 – Integrated Tax , Dtd 19th June, 2017 CBEC Seeks to empower the Principal Commissioner of Central Tax, Bengaluru West to grant registration in case of online information and database access or retrieval services provided or agreed to be provided by a person located in non-taxable territory… Read More »

Certain sections of IGST Act 2017 Comes into force w.e.f. 22.06.2017 – Notification No. 1/2017 – Integrated Tax , Dtd 19th June, 2017

Share this on WhatsAppNotification No. 1/2017 – Integrated Tax Summary : by Notification No. 1/2017 – Integrated Tax Dtd 19th June, 2017 given below , CBEC notified following Sections of IGST Act 2017 w.e.f 22.06.2017 Section 1. Short title, extent and commencement. Section 2. Definitions. Section 3. Appointment of officers. Section 14. Special provision for payment of… Read More »

Final GST Assessment and Audit Rules

Share this on WhatsAppCHAPTER — ASSESSMENT AND AUDIT 1. Provisional Assessment (1) Every registered person requesting for payment of tax on a provisional basis in accordance with the provisions of sub-section (1) of section 60 shall furnish an application along with the documents in support of his request, electronically, in FORM GST ASMT-01 on the… Read More »

 GST Final Appeals and Revision Rules

Share this on WhatsAppChapter – Appeals and Revision 1. Appeal to the Appellate Authority (1) An appeal to the Appellate Authority under sub-section (1) of section 107 of the Act shall be filed in FORM GST APL-01, along with the supporting documents, either electronically or otherwise as may be notified by the Commissioner, and a provisional… Read More »

Final GST Advance Ruling Formats

Share this on WhatsAppGOODS AND SERVICES TAX RULES, 2017 ADVANCE RULING FORMATS Download Advance Ruling Formats Share this on WhatsApp

Final GST Advance Ruling Rules

Share this on WhatsAppChapter – Advance Ruling 1. Qualification and appointment of members of the Authority for Advance Ruling The Central Government and the State Government shall appoint an officer in the rank of Joint Commissioner as member of the Authority for Advance Ruling. 2. Form and manner of application to the Authority for Advance… Read More »

GST Final E-way Rules

Share this on WhatsAppE-way Rules Till such time as an E-way bill system is developed and approved by the Council, the Government may, by notification, specify the documents that the person in charge of a conveyance carrying any consignment of goods shall carry while the goods are in movement or in transit storage. [ Note… Read More »

Anti-profiteering Rules 2017 – As approved by GST Council – Download

Share this on WhatsAppAnti-profiteering Rules, 2017 In exercise of the powers conferred by section 164 read with section 171 of the Central Goods and Services Tax Act, 2017(12 of 2017) the Central Government hereby makes the following rules, namely :- 1. Short title, extent and commencement.- (1) These rules may be called the Anti-profiteering Rules,… Read More »