Daily Archives: July 8, 2017

Opt for GST composition scheme before 21st July 2017 : Govt Clarify

By | July 8, 2017

Clarification on Migration, New Registration, Opting for Composition Scheme and Issue of Bills of Supply.  The Rules related to Registration and Composition Scheme have been notified on 19th June, 2017. These Rules have been brought into effect from 22nd June, 2017. The intent of notifying these rules is to start the process of issue of… Read More »

GST Rates Finder Mobile App Launched by Govt

By | July 8, 2017

GST Rates Finder Mobile App The Central Board of Excise and Customs (CBEC) takes certain initiatives for Ease of Doing Business under the GST regime; Finance Minister Shri Arun Jaitley launches a Mobile App “ GST Rates Finder ” to help users to find rates of GST for various goods and services.  [ Download GST Rates… Read More »

GST complaint : No Officer to visit premises of traders without authorization

By | July 8, 2017

Clarification by the Office of the Chief Commissioner of GST (Delhi Zone) that no officer of the Department is authorized to visit the premises of the traders and shopkeepers without authorization; In case of any difficulty, complain at Phone no. 011-23370115.  It has been reported in a certain section of media that some unscrupulous elements… Read More »

GST : New MRP on unsold stock should not be mechanical

By | July 8, 2017

Joint Clarification from the Department of Revenue and the Department of Consumer Affairs, Government of India regarding the circular WM-10(31)/2017 Dated 04.07.2017  “It is clarified to all concerned that in the circular WM-10(31)/2017 Dated 04.07.2017, the phrase “the increased amount of tax due to GST, if any” means “the effective increase in the tax liability… Read More »

GST Masterclass 3 by Revenue Secretary of India Hasmukh Adhia : Video

By | July 8, 2017

GST Masterclass 3 by Revenue Secretary of India : Hasmukh Adhia GST Masterclass 3 by Revenue Secretary of India : Hasmukh Adhia on 08.07.2017 [ Refer also PPT on GST Master Class 3 : GST PPT : Composition and record keeping ] GST Masterclass 1 by Revenue Secretary of India – Hasmukh Adhia ; Video GST Masterclass… Read More »

Section 15 Telangana GST Act 2017 : Value of taxable supply

By | July 8, 2017

Section 15 Telangana GST Act 2017 [ Section 15 Telangana GST Act 2017 explains Value of taxable supply  and is covered in Chapter IV  : Time and Value of Supply ] Value of taxable supply. 15. (1) The value of a supply of goods or services or both shall be the transaction value, which is the price actually paid or payable for… Read More »