Daily Archives: January 15, 2018

December 2017 issue of e-newsletter on GST by ICAI Indirect Tax Committee

By | January 15, 2018

The Indirect Taxes Committee of ICAI committed has come up with the December issue of e-newsletter on GST in order to serve all the stakeholders with the latest developments under GST. This well sourced newsletter contains latest GST updates & news, relevant articles on important issues under GST, ICAI’s initiatives and much more. E-newsletter can be downloaded… Read More »

Category: GST

GST Audit : Can the Taxpayer see Audit Report

By | January 15, 2018

What would be the action by the proper officer upon conclusion of the audit under GST? Audit by Department The proper officer shall, on conclusion of audit, within 30 days inform the taxable person about his findings, reasons for findings and the taxable person’s rights and obligations in respect of such findings. [ Section 65(6)… Read More »

GST Input Tax Credit Refund if Business is closed

By | January 15, 2018

An assessee doing business from 2 years. He closed his business in dec-17. Is he eligible to claim refund of ITC Balance in Electronic Credit Ledger? Section 54 (3) of CGST Act : Provided that no refund of unutilised input tax credit shall be allowed in cases other than— (i) zero-rated supplies made without payment of tax;… Read More »

Category: GST

GSTR 4 for Oct-Dec 2017 enabled on GST portal

By | January 15, 2018

Composition Scheme Return : GSTR 4 Functionality to save, submit, and file Form GSTR 4, for Oct-Dec, 2017 quarter, has been enabled on GST Portal (ww.Gst.gov.in) Related Topic on GST  Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST… Read More »

Category: GST

GST Portal Complaint : Taxpayers can lodge grievance

By | January 15, 2018

Taxpayers have now being provided with a facility to lodge grievance related to processes (application), ledgers etc on the GST Portal. www.gst.gov.in   Related Topic on GST  Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules  GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act… Read More »

Category: GST

GST levy on rental income of Charitable entity

By | January 15, 2018

 If Charitable religious entity ( registered under Section 12AA of Income Tax act  ) Receive rental income from building not situated within premises. Will it be liable for GST ? There is NIL GST on the following Services by a person by way of— (b) renting of precincts of a religious place meant for general public,… Read More »