Daily Archives: October 6, 2016

GST Refund Process (India) -Flow Chart

GST Refund Process -Flow Chart   Key Points about GST Refund :- The refund claimed in Part B of GSTR-3 shall be deemed to be an application filed for refund. The provisional refund, i.e., 80% of refund claimed shall be granted on satisfaction of following conditions:- ➢ Person claiming refund has not been prosecuted for… Read More »

Immediate Prosecution for offences relating to Gold, FICN, arms, ammunitions etc

Circular No. 46/2016 – Customs F.NO. 394/68/2013-cus (AS) Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs (Anti-Smuggling Unit) Room No. 512, 5 th Floor, Hudco Vishala Building, K. Puram, New Delhi, dated 4th October 2016 All Principal Chief/Chief Commissioner of Customs/Customs (Preventive)/Central Excise/Service Tax All Principal Directors General/ Directors General of… Read More »

5 Key Points about GST Payment

GST Payment 5 key Points about GST Payment :- The electronic tax liability register, electronic credit ledger and electronic cash ledger will be maintained on the common portal for every registered person. The electronic tax liability register shall be debited with amount of tax, interest, late fee, mismatch in credits, etc. It shall be credited… Read More »

Download GST Payment Formats GST PMT 1 to 7

GST Payment Formats  Final GST Payment Formats GST PMT 1 to GST PMT 7 to as per Final GST Payment of Tax Rules approved by GST Council 18.05.2017 Download Final GST Payment Formats Sr No Form No Title of the Form 1 GST PMT 1 Electronic Liability Register of registered person (Part–I: Return related liabilities… Read More »

Flow Chart GST e-Registers : e-Tax liability, e-Cash Ledger,e-Credit Register

Flow chart GST e-Registers e-Tax liability, e-Cash Ledger,e-Credit Register   What are E-Ledgers under GST? Ans. Electronic Ledgers or E-Ledgers are statements of cash and input tax credit in respect of each registered taxpayer. In addition, each taxpayer shall also have an electronic tax liability register. Once a taxpayer is registered on Common Portal (GSTN),… Read More »