Daily Archives: October 10, 2017

GSTN Advisory on Claiming credit in TRAN 1 for existing registrations

By | October 10, 2017

Advisory issued by GSTN on Claiming credit in TRAN 1 in respect of existing registrations  It has been observed that taxpayers are facing problem in claiming transitional credit in respect of existing registration under earlier laws of Central Excise, Service Tax and VAT.  When these registrations are mentioned in the TRAN 1 form… Read More »

GSTN Advisory for Suppliers who forgets to upload invoices issued to Registered Recipient

By | October 10, 2017

Advisory for Suppliers who forgets to upload invoices issued to a Registered Recipient In case a supplier fails to upload few invoice(s) for supplies to registered persons in his GSTR1 and has filed his GSTR 1 his GSTR1, there is no need for undue concern for the recipient (buyer). Though, no invoices can be added… Read More »

New TDS/TCS RPU and FVU versions at NSDL e-Gov : Q2 FY 2017-18

By | October 10, 2017

Dear Deductor/Collector, It’s time to file the quarterly TDS/TCS statement. The quick steps are as follows: Due Date: . To submit the statement: You need to know about Quick links e-TDS/TCS Return Preparation Utility (RPU) and File Validation Utilities (FVUs) https://www.tin-nsdl.com/ downloads/e-tds/eTDS-download- regular.html TIN Facilitation Centers (TIN-FCs) nearest to your location https://www.tin-nsdl.com/tin- facilities.html In case… Read More »

Govt Scheme to compensate units that lost excise-exempt after GST : Download

By | October 10, 2017

Scheme of budgetary support under GST Regime to the units located in States of Jammu & Kashmir, Uttarakhand, Himachal Pradesh [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART-I, SECTION-I ] MINISTRY OF COMMERCE & INDUSTRY DEPARTMENT OF INDUSTRIAL POLICY & PROMOTION NOTIFICATION New Delhi, the 5 TH October, 2017 Subject: Scheme of budgetary… Read More »

APY@eNPS : PFRDA rolls-out Aadhar Powered Digital on Boarding

By | October 10, 2017

PFRDA rolls-out Aadhar Powered Digital on Boarding into APY through eNPS platform for wider reach; Benefits of APY@eNPS include paperless registration; No need to visit Bank Branch & to have Banking Id and 24*7 Online En-rollment at the customer’s convenience.  Pension Fund Regulatory and Development Authority (PFRDA) has embarked upon several digital friendly steps for… Read More »

Condonation of delay in making IDS payment : CIT to dispose of application

By | October 10, 2017

HIGH COURT OF BOMBAY Sadhana Rajendra Jain v. Central Board of Direct Taxes S.C. DHARMADHIKARI AND SMT. VIBHA KANKANWADI, JJ. WRIT PETITION NO. 8066 OF 2017 AUGUST  29, 2017 Rohan Deshpande for the Petitioner. S.V. Walve for the Respondent. ORDER 1. This petition was placed before us on 14-8-2017 but due to paucity of time it could not be taken… Read More »

GST Export Refund : EGM should Match with GSTR-1

By | October 10, 2017

Refund of IGST paid on export of goods. Filing of correct EGM is a must for treating shipping bill/bill of export as a refund claim as the details in EGM should match GSTR-1 Instruction No. 15/2017-Customs F. No. 450/119/2017-Cus IV Government of India Ministry of Finance Department of Revenue (Central Board of Excise & Custom)… Read More »