Final GST Assessment and Audit Rules

Share this on WhatsApp CHAPTER — ASSESSMENT AND AUDIT 1. Provisional Assessment (1) Every registered person requesting for payment of tax on a provisional basis in accordance with the provisions of sub-section (1) of section 60 shall furnish an application along with the documents in support of his request, electronically, in FORM GST ASMT-01 on… Read More »

 GST Final Appeals and Revision Rules

Share this on WhatsAppChapter – Appeals and Revision 1. Appeal to the Appellate Authority (1) An appeal to the Appellate Authority under sub-section (1) of section 107 of the Act shall be filed in FORM GST APL-01, along with the supporting documents, either electronically or otherwise as may be notified by the Commissioner, and a provisional… Read More »

Final GST Advance Ruling Formats

Share this on WhatsAppGOODS AND SERVICES TAX RULES, 2017 ADVANCE RULING FORMATS Download Advance Ruling Formats Share this on WhatsApp

Final GST Advance Ruling Rules

Share this on WhatsAppChapter – Advance Ruling 1. Qualification and appointment of members of the Authority for Advance Ruling The Central Government and the State Government shall appoint an officer in the rank of Joint Commissioner as member of the Authority for Advance Ruling. 2. Form and manner of application to the Authority for Advance… Read More »

GST Final E-way Rules

Share this on WhatsAppE-way Rules Till such time as an E-way bill system is developed and approved by the Council, the Government may, by notification, specify the documents that the person in charge of a conveyance carrying any consignment of goods shall carry while the goods are in movement or in transit storage. [ Note… Read More »

Anti-profiteering Rules 2017 – As approved by GST Council – Download

Share this on WhatsAppAnti-profiteering Rules, 2017 In exercise of the powers conferred by section 164 read with section 171 of the Central Goods and Services Tax Act, 2017(12 of 2017) the Central Government hereby makes the following rules, namely :- 1. Short title, extent and commencement.- (1) These rules may be called the Anti-profiteering Rules,… Read More »

GST Online ERP Software

Share this on WhatsAppGST Goods and Service Tax Online ERP Software (Purchase Sales Inventory Finance) Affordable GST Ready ERP Application for your Business (Integrated Online GST Ready Application). GST ready Cloud based ERP Solutions for WholeSale, Manufacturing, Distribution, Servicing Industries.Contact for more details : +919818221720 Purchase Module | Sales Module Inventory Module | Finance Module… Read More »

3CED Form revised by CBDT for APA – Notification -Download

Share this on WhatsAppMINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 16th June, 2017 INCOME-TAX S.O. 1927(E).—In exercise of the powers conferred by section 295 read with sub-section (9) of section 92CC of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes hereby makes… Read More »

ECBC 2017 – Energy Conservation Building Code 2017

Share this on WhatsAppShri Piyush Goyal Launches Energy Conservation Building Code 2017 Adoption of ECBC could lead to 30%-50% energy savings by commercial buildings Shri Piyush Goyal, Minister of State (IC) for Power, Coal, New and Renewable Energy and Mines launched the Energy Conservation Building Code 2017 (ECBC 2017) here today. Developed by Ministry of… Read More »

Canara Bank Empanelment of Concurrent Auditors 2017-18

Share this on WhatsApp Canara Bank Empanelment of Concurrent Auditors by 2017-18 Canara Bank invites applications from the eligible/interested Proprietary Concerns / Firms / Companies for empanelment as Concurrent Auditors for conducting Continuous/Concurrent Audit in the identified 800 branches / units for the period from 01.07.2017 to 30.06.2018. Terms and conditions for Appointment, Fee structure,… Read More »

GST Rates on Hotel Revised by GST Council

Share this on WhatsAppHotels relieved: 28% GST on tariff of Rs 7,500 and above,18% tax on 5-star restaurants Branded mid-market and luxury hotels have a reason to cheer because the GST Council on Sunday relaxed the criteria for imposing the goods and services tax (GST) on hotel rooms. The Council decided that the 28 per… Read More »

Carry Forward of unutlized ITC on Capital Goods under GST

Share this on WhatsAppCarry Forward of unutlized ITC on Capital Goods under GST As per Section 140 of CGST Act and Rule 1(2) of Final GST Transition Rules approved by GST Council on 03.06.2017 Un-Utilized Cenvat Credit on Capital Goods can be Utilized as ITC Under GST. Already Utilized portion of Cenvat Credit shall be Specified… Read More »

Interest & Dividend reporting of Custodial Accounts- Rule 114G(1)(e) of Income Tax Rules, 1962

Share this on WhatsAppSecurities and Exchange Board of India CIRCULAR CIR/HO/MIRSD/MIRSD2/CIR/P/2017/59 June 15, 2017 To, All Recognized Depositories 2. Depositories Participants (DPs) through Depositories 3. Registrars to an Issue and Share transfer agents (RTAs) Dear Sir/ Madam, Sub: Interest and Dividend information reporting in case of Custodial Accounts- Rule 114G(1)(e) of the Income Tax Rules,… Read More »

GST Anti-profiteering panel to levy penalty

Share this on WhatsAppGST Anti-profiteering A five-member anti-profiteering authority will be set up to decide on levying penalty if businesses do not pass on the benefit of price reduction to consumers under the goods and services tax regime. The authority, to be headed by a retired secretary-level officer, can take suo motu action, besides acting… Read More »

10 Key Points of 17th Meeting of GST Council on 18.06.2017

Share this on WhatsApp17th Meeting of GST Council Key take-outs from the 17th Meeting of GST Council held on 18th July 1. GST from 1st July 2017 : GST Council categorically decided to implement GST from 1st July. There will be a special launch of GST in Delhi on the mid-night of 30th June and… Read More »

GST Return filing for July & Aug 2017 relaxed by Govt 18.06.2017

Share this on WhatsAppRelaxation in return filing procedure for first two months of GST implementation   With the objective of ensuring smooth rollout of GST and taking into account the concerns expressed by the trade and industry regarding filing of the returns in GST regime, it has been decided that, for the first two months… Read More »

Analysis of IGST Act 2017

Share this on WhatsApp IGST Act 2017 Integrated Goods and Services Tax Act 1. The introduction of Goods and Services Tax (GST) is a significant reform in the field of indirect taxes in our country. Multiple taxes levied and collected by the Centre and the States will be replaced by one tax called the Goods… Read More »

GST Council Meeting Dates and Updates

Share this on WhatsAppGST Council Meeting Dates and Updates GST Council Meeting Dates Key Decisions Press Conference GST Council – 1st Meeting 22nd September to 23 September -GST Exemption Threshold -Compensation Norms of states – Dual Control  & Assessment of Assessees Click for GST Press Conference after meeting GST Council – 2nd Meeting 30th September 2016 To approve… Read More »

Section 206C(1D) of Income tax Act

Share this on WhatsAppSection 206C(1D) of Income tax Act Section 206C(1D) of Income tax Act Omitted / Deleted  by the Finance Act, 2017, w.e.f. 1-4-2017. Prior to its omission, sub-section (1D), as amended by the Finance Act, 2012, w.e.f. 1-7-2012, Finance Act, 2013, w.e.f. 1-6-2013 and Finance Act, 2016, w.e.f. 1-6-2016, read as under : “(1D)… Read More »

Download GST PMT 1 to 7 Forms

Share this on WhatsAppGST PMT 1 to 7 Forms GOODS AND SERVICES TAX RULES, 2017 Following are the Final GST Payment Forms as per the Final GST Payment of Tax Rules approved by GST Council 18.05.2017 . Download Final GST Payment Forms / Formats Sr No Form No Title of the Form 1 GST PMT 1… Read More »

Taxmann GST book Latest Books 2017

Share this on WhatsAppTaxmann GST book we have compiled the Taxmann GST book  for practice as per CGST Act 2017, IGST Act 2017 , UTGST Act 2017 . These are the latest Taxmann Books on GST in India. These Taxmann GST Books will helps to you to provide detailed understanding of GST Law of India or final GST Act 2017… Read More »

J&K’s Special Assembly session on GST

Share this on WhatsAppAmid Opposition threats of not allowing the implementation of the Goods and Services Tax (GST) legislation in its current form, the government will today hold a special session with the Opposition in the Legislative Assembly to discuss the extension of GST to the state. Even as finance minister Haseeb Drabu has renewed… Read More »

GST Challan : All That you needs to Know – Process and Form

Share this on WhatsAppGST Challan Following is the detailed process for making payment of GST Challan along with screenshots. If you are not familiar with how to calculate GST in India read How to Calculate and Pay GST in India ; Example. After you have correctly calculated the GST , pay GST by method described below .… Read More »

Download GST REG 01 to 30 – GST Registration Forms

Share this on WhatsAppDownload GST REG 01 to 30 GST Registration Forms Here are the latest GST Registration forms as approved by GST Council as per Final GST Registration Rules Approved by GST Council 18.05.2017 Final GST Registration Forms  Sr No  Form NO  Description 1 GST REG 1  Application for Registration (Other than a non-resident taxable… Read More »

How to migrate for GST in Tally – Video

Share this on WhatsAppHow to migrate for GST in Tally – Video How to migrate for GST”, Tally.ERP9 is coming with their revolutionary release ( Release 6.0), which will be available to download between 25th – 28th June 2017. Related GST Video Tutorials Share this on WhatsApp

GST Offline Utility VIDEO

Share this on WhatsAppClick to check How to use GST Offline Utility VIDEO   Click to Play Button at the top and wait for 2 seconds to run video Share this on WhatsApp

West Bengal GST Bill 2017 – Download West Bengal GST Ordinance 2017

Share this on WhatsAppGOVERNMENT OF WEST BENGAL LAW DEPARTMENT Legislative West Bengal Ordinance No. II of 2017 WEST BENGAL GOODS AND SERVICES TAX ORDINANCE, 2017 WHEREAS it is expedient to make a provision for levy and collection of tax on intra-State supply of goods or services or both by the State of West Bengal and… Read More »

Eligible to be enrolled for Aadhaar number : Check Eligibility

Share this on WhatsAppEligible to be enrolled for the Aadhaar number As per the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Act, 2016, only a resident individual is entitled to obtain Aadhaar. As per Section 3 of the said act :- “Aadhaar number 3. (1) Every resident shall be entitled to… Read More »

USA IRS e-News for Tax Professionals Issue 2017-24

Share this on WhatsApp1.  New Phone Scam Involves Bogus Certified Letters Beware of a new scam linked to the Electronic Federal Tax Payment System (EFTPS), in which fraudsters call to demand an immediate tax payment through a prepaid debit card. This scam is being reported across the country. 2.  Orlando IRS Tax Forum Registration Deadline Is June… Read More »

USA IRS RR-2017-14 – Applicable federal rates

Share this on WhatsAppRevenue Ruling 2017-14 provides various prescribed rates for federal income tax purposes including the applicable federal interest rates, the adjusted applicable federal interest rates, the adjusted federal long-term rate, the adjusted federal long-term tax-exempt rate. These rates are determined as prescribed by § 1274. The rates are published monthly for purposes of… Read More »

Assam GST Act 2017 Notified – Download

Share this on WhatsAppAssam GST Act 2017 Assam GST Act 2017 received the assent of the Governor on 24th May, 2017 and Notified on 01st june 2017 GOVERNMENT OF ASSAM ORDERS BY THE GOVERNOR LEGISLATIVE DEPARTMENT : : : LEGISLATIVE BRANCH NOTIFICATION The 1st June, 2017 No. LGL.123/2017/11.– The following Act of the Assam Legislative Assembly… Read More »

Haryana GST Act 2017 Notified Download

Share this on WhatsAppHaryana GST Act 2017 Haryana GST Act 2017 received the assent of the Governor of Haryana on the 7th June, 2017  and Notified on 08th June 2017 HARYANA GOVERNMENT LAW AND LEGISLATIVE DEPARTMENT Notification The 8th June, 2017 No. Leg. 19/2017.— The following Act of the Legislature of the State of Haryana received… Read More »

Subscrie digitally Atal Pension Yojana

Share this on WhatsAppAtal Pension Yojana (APY) can now be subscribed digitally; eNPS Channel (“APY@eNPS) involves complete digital enrolment process Pension Fund Regulatory and Development Authority (PFRDA) has now introduced “APY@eNPS” which involves a complete digital enrolment process. This is the latest in the series of various initiatives taken by PFRDA for expansion of outreach… Read More »

GST Facilitation Cell Set up in DIPP.

Share this on WhatsAppSetting up of GST Facilitation Cell in DIPP. In pursuance to Cabinet Secretary’s directions a GST facilitation cell has been set up in the Department with a view to facilitate the rollout of GST. The GST facilitation cell is headed by Sh. Sudhansu Sekhar Das, Economic Adviser. The cell shall have the… Read More »

Section 139AA Income Tax Act – Quoting of Aadhaar number.

Share this on WhatsAppSection 139AA Income Tax Act [ Section 139AA Income Tax Act Inserted by the Finance Act, 2017, w.e.f. 1-4-2017 ] 139AA. (1) Every person who is eligible to obtain Aadhaar number shall, on or after the 1st day of July, 2017, quote Aadhaar number— (i)           in the application form for allotment of… Read More »

Computation of interest income on secondary adjustments : CBDT Notification

Share this on WhatsAppRule 10CB of Income Tax Rules relating to Computation of interest income pursuant to secondary adjustments.Notified by CBDT  – [ Notification No. 52/2017, F.No.370142/12/2017 -TPL ] MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 15th June, 2017 G.S.R. 590(E).— In exercise of the powers conferred by… Read More »

Vat refund under exiting law will not be carried forward to GST

Share this on WhatsAppI am a trader. I have got vat refund so will it be carried forward under GST ? Refund under existing law will be under existing law provision only. [ Reply  as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied  Read… Read More »