Daily Archives: October 5, 2016

Flow Chart of Input Tax Credit Mismatch under GST must for every Purchaser to undestand

By | October 5, 2016

 Input Tax Credit Mismatch under GST of India Flow Chart of Input Tax Credit Mismatch under GST Process of Intimation of  Input Tax Credit Mismatch under GST Any discrepancy in the claim of input tax credit in respect of any tax period,  shall be made available to the registered taxable person making such claim and… Read More »

Key Points of GST Return -(India)- You Must Know

By | October 5, 2016

Key Points of GST Return -(India) General Key Points about GST Return The registered taxable person is required to file details of outward supplies in Form GSTR-1 electronically. The recipient will receive GSTR 2A on the basis of details furnished by supplier in GSTR 1. The recipient will file details of inward supplies in GSTR… Read More »

5 Key Points about GST Registration in India

By | October 5, 2016

5 Key Points about GST Registration in India The application for GST registration will be made online either directly on the GSTN Portal or through Facilitation Centres. The proper officer will examine registration application and grant registration within 3 common working days. If the application is found deficient, then applicant will be intimated within 3… Read More »

Compulsory Registration under GST ( India )- types

By | October 5, 2016

Compulsory Registration under GST Compulsory Registration under GST ( CGST Act 2017 of India ) Compulsory Registration under GST in India is required as per Section 22 and Section 24 of CGST Act 2017. Section 22 of CGST Act 2017 Explains Persons liable for registration and Section 24 of CGST Act 2017 explains Compulsory registration in certain cases. with  graphical presentation which are as follows… Read More »

Service tax assessment under GST

By | October 5, 2016

Service tax assessment under GST: Technical committee to iron out differences, hold meetings After differences cropped up between Centre and states regarding the administrative control of service tax assessees in the second meeting of GST council on Friday, a technical committee of officers will now hold a series of meetings, beginning with one later this… Read More »

Category: GST

Revision of Monetary limits for issuing Service tax notice by officers

By | October 5, 2016

Revision of Monetary limits for issuing Service tax notice by officers Central Government vide Notification No. 44/2016-Service Tax, Dated: September 28, 2016 has amended the adjudication power of officers. The revised limits are as under: S. No. Rank of the Central Excise Officer Amount of service tax or CENVAT credit specified in a notice issued… Read More »

National Advisory Committee on Accounting Standards framed by Govt

By | October 5, 2016

MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, the 3rd October, 2016 S.O. 3118(E).-In exercise of the powers conferred by sub-section (1) of section 210A of the Companies Act, 1956, (1 of 1956), the Central Government hereby constitutes an Advisory Committee to be called the National Advisory Committee on Accounting Standards, consisting of the following persons,… Read More »

Holidays list for Central Government Offices Year 2017 Notified

By | October 5, 2016

Holidays list for Central Government Offices Year 2017 Holidays list for Central Government Offices Year 2017 has been notified by Following Notification of Govt of India F.No.12/8/2016-JCA-2 Government of India Ministry of Personnel, Public Grievances and Pensions (Department of Personnel and Training) JCA-2 Section North Block, New Delhi Dated the  24th June, 2016 Subject: Holidays… Read More »

Diagram for GST Registration in India

By | October 5, 2016

Diagram for GST Registration in India   Sr. No Form Number Content 1 GST REG 01 Application for Registration under Section 19(1) of Goods and Services Tax Act, 20– 2 GST REG 02 Acknowledgement 3 GST REG 03 Notice for Seeking Additional Information/ Clarification/ Documents relating to Application for<<Registration/Amendment/Cancellation>> 4 GST REG 04 Application for… Read More »