Category Archives: GST Press Release

Webinar on GST TDS on Goods – Video

GST TDS on Goods Watch Video lecture on Tax Deducted at Source in GST .   Following posts are also relevant GST TDS Mechanism – Analysis GST TCS Mechanism – Analysis GST Registration as Tax Deductor or collector – FAQ’s GST Registration as Tax Deductor on GST Potal : Steps to Register with screenshots Related… Read More »

ICAI GST e-Newsletter – 5th Issue

ICAI GST e-Newsletter Dear Professional Colleagues   Greetings from Indirect Taxes Committee!   To continue to keep the members updated with the latest developments under GST the Indirect Taxes Committee of ICAI has come up with the fifth issue of e-newsletter on GST. This well sourced newsletter contains latest GST updates & news, relevant Articles… Read More »

GST Saved Application – All that you needs to Know

GST Saved Application 1. What is a saved application? Any/All applications you have initiated and are in various stages of completion but have not yet been submitted are saved applications. These application will be available for updation and submission upto 15 days on the  GST Portal. Example: New registration applications, Amendment applications, Application for voluntary… Read More »

GST Council Address and Contact details

GST Council Address and Contact List of Officers along with Contact numbers Related Topic on GST Topic Link GST Acts  Central GST Act and States GST Acts     Rules GST Rules   Rates GST Rates     Notifications GST Act Notifications   Press Release GST Press Release   Commentary Topic wise Commentary on GST… Read More »

GST New registration from 25th june 2017 from 8 am

GST New registration New registration would be available on GST portal on 25th June 2017 from 8 AM onwards How to Apply for GST New Registration – Explained with Screenshots & Examples New GST Registration FAQ’s: What, Who,When, Where, How Explained GST Application submission through DSC , EVC and E Sign – Process The way… Read More »

Goa GST Act 2017- Download – Print

Goa GST Act 2017 Goa GST Act 2017 assented to by the Governor of Goa on 23-5-2017. GOVERNMENT OF GOA Department  of  Law & Judiciary Legal  Affairs  Division Notification 7-6-2017/LA The Goa Goods and Services Tax Act, 2017 (Goa Act 4 of 2017), which has been passed by the Legislative Assembly of Goa on 9-5-2017 and assented to by the… Read More »

Odisha GST Act 2017 – Download – Print

Odisha GST Act 2017 Odisha GST Act 2017 assented to by the Governor on the 20th June, 2017 is hereby published for general information. LAW DEPARTMENT NOTIFICATION The 21st June 2017 No. 6674—I-Legis-20/2017-L.—The following Act of the Odisha Legislative Assembly having been assented to by the Governor on the 20th June, 2017 is hereby published for… Read More »

Uttarakhand GST Act 2017 – Download – Print

Uttarakhand GST Act 2017 Uttarakhand GST Act 2017 assented to by Governor on 25 th May 2017 No. 212/XXXVI(3)/2017/32(1)/2017 Dated Dehradun ; May 26,2017 NOTIFICATION Miscellaneous In pursuance of the provisions of Clause (3) of Article 348 of the Constitution of India” the Governor is pleased to order the publication of the following English translation… Read More »

GST Practitioners – Analysis

GST Practitioners Introduction Section 48 of the CGST Act  provides for the authorisation of an eligible person to act as approved GST practitioner. A registered person may authorise an approved GST practitioner to furnish information, on his behalf, to the government. The manner of approval of goods and services tax practitioners, their eligibility conditions, duties and… Read More »

TDS Mechanism under GST – Analysis

TDS Mechanism under GST Introduction Tax Deduction at Source (TDS) is a system, initially introduced by the Income Tax Department. It is one of the modes/methods to collect tax, under which, certain percentage of amount is deducted by a recipient at the time of making payment to the supplier. It is similar to “pay as… Read More »

GST – Meaning and Scope of Supply – Analysis

GST – Meaning and Scope of Supply The taxable event in GST is supply of goods or services or both. Various taxable events like manufacture, sale, rendering of service, purchase, entry into a territory of state etc. have been done away with in favour of just one event i.e. supply. The constitution defines “Goods and… Read More »

Advisory for GST migration

Advisory for GST migration The GST common portal would reopen for migration on 25th June 2017. Assessees are required to complete the migration process before 30th September 2017. DG Systems is constantly compiling the provisional Id requests and sending them to GSTN for creation of Provisional IDs and pursuing with GSTN for issuance of PIDs and… Read More »

GST Refunds – Analysis

GST Refunds Introduction Timely refund mechanism is essential in tax administration, as it facilitates trade through the release of blocked funds for working capital, expansion and modernisation of existing business. The provisions pertaining to refund contained in the GST law aim to streamline and standardise the refund procedures under GST regime. Thus, under the GST… Read More »

GST Recovery of Tax – Analysis

GST Recovery of Tax Introduction 1. Tax administration occasionally comes across situations where the tax dues are not paid correctly by the tax payers, most of the times inadvertently and sometimes deliberately. To minimise the inadvertent short payment of taxes, the concept of ‘Matching’ details of ‘Outward supplies’ of supplier with the details of ‘Inward… Read More »

GST TCS Mechanism – Analysis

GST TCS Mechanism Introduction Tax Collection at Source (TCS) has similarities with TDS, as well as a few distinctive features. TDS refers to the tax which is deducted when the recipient of goods or services makes some payments under a contract etc. while TCS refers to the tax which is collected by the electronic commerce… Read More »

GST – Govt expresses Gratitude to State CMs & others

Cabinet expresses Gratitude to State CMs and others for their cooperation in introduction of GST The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has passed a resolution expressing gratitude to Chief Ministers of States and others for their cooperation in introduction of GST. “GST is the biggest tax reform in independent India.… Read More »

Job Work under GST – Analysis

Job Work under GST Introduction Job-work sector constitutes a significant industry in Indian economy. It includes outsourced activities that may or may not culminate into manufacture. The term Job-work itself explains the meaning. It is processing of goods supplied by the principal. The concept of job-work already exists in Central Excise, wherein a principal manufacturer… Read More »

How to Apply for GST New Registration – Explained with Screenshots & Examples

Apply for GST New Registration You must be worried as how to apply for GST new registration . we are explaining with screenshot below , the process of applying new registration under GST. [ Read also Compulsory Registration under GST ( India )- types ] Refer New GST Registration FAQ’s: What, Who,When, Where, How Explained GST New Registration… Read More »

GST Return – Analysis

GST Return The basic features of the returns mechanism in GST include electronic filing of returns, uploading of invoice level information and auto-population of information relating to Input Tax Credit (ITC) from returns of supplier to that of recipient, invoice-level information matching and auto reversal of Input Tax Credit in case of mismatch. The returns… Read More »

Preparedness for smooth roll-out of GST w.e.f 01.07.2017

Cabinet Secretary reviews preparedness for smooth roll-out of GST with effect from 1st July, 2017; Asks Secretaries of different Departments and CMDs of CPSUs to take full responsibility of their respective stake-holders and ensure the successful implementation of the GST. The Cabinet Secretary Shri P.K.Sinha today took a detailed review of the preparedness for the… Read More »

GST Facilitation Cell (Details)-Department of Industrial Policy & Promotion

GST Facilitation Cell (Details)-Department of Industrial Policy & Promotion A GST facilitation cell has been set up in the Department of Industrial Policy & Promotion to answer queries regarding  GST.  The GST facilitation cell is headed by Shri Sudhansu Sekhar Das, Economic Adviser (ss.das@nic.in, Tel:23063932) and consists of the following: Shri Piyush Mishra Ms. Astha… Read More »

Modes of verification under CGST Rules 2017 Notified by Govt – Notification No. 6/2017 – Central Tax , Dtd 19th June, 2017

Notification No. 6/2017 – Central Tax Summary – By Notification No. 6/2017 – Central Tax Dated 19.06.2017 CBEC prescribes Modes of verification under CGST Rules, 2017 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS… Read More »

GST – Govt Notified persons exempted from obtaining registration – Notification No. 5/2017 – Central Tax , Dtd 19th June, 2017

Summary : By Notification No. 5/2017 – Central Tax dated 19th June, 2017 given below CBEC Seeks to exempt ( from obtaining GST registration ) persons only engaged in making taxable supplies, total tax on which is liable to be paid on reverse charge basis [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION… Read More »

Notifying www.gst.gov.in as Common GST Potal – Notification No. 4/2017 – Central Tax , Dtd 19th June, 2017

Summary : By Notification No. 4/2017 – Central Tax Dated  19th June, 2017 given below CBEC notified  www.gst.gov.in as the Common Goods and Services Tax Electronic Portal Notifying www.gst.gov.in as the Common Goods and Services Tax Electronic Portal [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA… Read More »

CGST Rules 2017 – Central Goods and Services Tax Rules 2017 – Notification No. 3 /2017 – Central Tax , Dtd 19th June, 2017

CGST Rules 2017 [ Notification No. 3 /2017 – Central Tax ] Summary : By Notification No. 3 /2017 – Central Tax Dated 19.06.2017  given below CBEC  Notified the CGST Rules 2017 on registration and composition levy [To be published in the Official Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)] Government of… Read More »