Due Date of following GST return has been extended Form GSTR 7 gst return for all the month has been extended as follows because of notification number 07/2019 dated 31/01/2019 oct 2018 – extended till 28/02/2019 Nov 2018 – extended till 28/02/2019 Dec 2018 –
New System of GSTN GSTN will focus, amongst others, on the development of new return filing, further improving the user interface, and Business Intelligence and Analytics. Improvement in User Interface on the basis of feedback is a continuous process. Few important initiatives/improvements made for better
In order to facilitate import of capital goods for producing quality goods and services and enhance India’s manufacturing competitiveness, the Central Government has been implementing a Scheme called the Export Promotion Capital Goods Scheme under the Foreign Trade Policy for manufacturer exporters with or without
Amendments to CGST Act 2017 in CGST Act 2018 which will be in force from 01st February 2019. The key amendments that will take effect are as under: Supplies from unregistered persons – Section 9(4) substituted Section 9 has been amended to provide that
GST Notifications The CBIC has issued *13 notifications on 29th January’2019*. These notifications mainly cover the applicability of *Amendment Act’2018* and *suspension of RCM liability*. *Central Tax* 1. *Notification No. 02/2019 – Seeks to bring into force the CGST (Amendment) Act, 2018*
Now No need to punch all Invoices in GSTR-1. You can directly import your all invoices declared in E-Way Bill system into Form GSTR-1. Only those invoices will be punched, for which no Eway Bill has been generated.
Cabinet approves creation of the National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT) The Union Cabinet, chaired by the Prime Minister Shri Narendra Modi, has approved the creation of National Bench of the Goods and Services Tax Appellate Tribunal (GSTAT). The National
Press note on decisions taken by the GST Council in the 32nd meeting held on 10th January, 2019 GST Council in the 32nd meeting held on 10th January, 2019 at New Delhi took following decisions to give relief to MSME (including small traders), and
Detection of GST Evasion Investigation in 3626 cases of GST evasion/violations has been initiated in the present financial year by CGST (Central GST) formations (up to December, 2018). On the basis of investigation conducted so far it emerges that the amount of tax involved in
National Anti-Profiteering Authority (NAA) The National Anti-Profiteering Authority (NAA) has been constituted under Section 171 of the Central Goods and Services Tax Act, 2017 to ensure that the reduction in rate of tax or the benefit of input tax credit is passed on to the
GST Compliance calendar – January 2019 January 2019 Sun Mon Tue Wed Thu Fri Sat 1 2 3 4 5 6 7 8 9 10 11 (GSTR-1) 12 13 GSTR-6 14 15 16 17 18 19 20 GSTR-3B 21 22 23 24
The GST Council has met 31 times so far. Till the 30th GST Council Meeting, a total of 918 decisions have been taken and 294 notifications have been issued by the Central Government. In the 31st GST Council Meeting held on 22nd December, 2018,
In future GST may have single slab instead of 12% and 18%. With the GST transformation completed, we are close to completing the first set of rate of rationalisation i.e. phasing out the 28% slab except in luxury and sin goods. Honable finance minister Arun
Ministry of Finance Recommendations made during 31st Meeting of the GST Council Posted On: 22 DEC 2018 4:45PM by PIB Delhi The GST Council in its 31st meeting held today at New Delhi made the following policy recommendations: There would be a single cash ledger for
Ministry of Finance Formation of GoM as Recommended by the GST Council in Its 31st Meeting held on 22.12.2018. Posted On: 22 DEC 2018 4:48PM by PIB Delhi The GST Council in its 31st meeting held today at New Delhi has approved the proposal to form
Ministry of Finance In-Principle approval given for Law Amendments during 31stMeeting of the GST Council Posted On: 22 DEC 2018 4:49PM by PIB Delhi The GST Council in its 31st meeting held today at New Delhi gave in principle approval to the following amendments in
Recommendations made during 31st Meeting of the GST Council held on 22nd December, 2018 (New Delhi)-Rate changes Posted On: 22 DEC 2018 4:50PM by PIB Delhi GST Council in the 31st meeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in
Ministry of Finance Decisions taken by the GST Council in the 31st meeting held regarding GST rate on services Posted On: 22 DEC 2018 5:50PM by PIB Delhi GST Council in the 31stmeeting held on 22nd December, 2018 at New Delhi took following decisions relating to
Recommendations made during 31st Meeting of the GST Council held regarding Rate changes and clarification in Goods Posted On: 22 DEC 2018 5:51PM by PIB Delhi GST Council in the 31st meeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in
31st GST Council meeting will be held today to discuss issues related to ease of filing of returns, refund processes and cutting GST rates on some items. WHISPERS – Under active consideration in GST Council meet – • Postponement of GSTR-9 & GSTR-9C • Good news
