Revenue Secretary Dr. Hasmukh Adhia holds detailed review of IT-Preparedness for the roll-out of Goods and Services Tax (GST) from July 01, 2017. 60.5 lakh taxpayers out of 84 lakh enrolled as of now; Registration to be reopened for 15 days from 01st June, 2017. Out of 62,937 tax officials, 24,668 tax officials have been… Read More »
Date of cancellation prescribed under Rule 14(3) to be amended Rule 14(3) of draft GST Registration Rules provides that where a person who has submitted an application for cancellation of his registration is no longer liable to be registered or his registration is liable to be cancelled, the proper officer shall issue an order in… Read More »
Cancellation of Registration Rule 13 of draft GST Registration Rules provides that the registration granted to a person is liable to be cancelled if the said person— (a) does not conduct any business from the declared place of business; or (b) issues invoice or bill without supply of goods or services in violation of the… Read More »
Registration of persons having one PAN carrying any business in more than one trade name at different locations in a state Persons having one PAN and carrying business in more than one trade name at different locations in a state are facing problem in view of provision of only one trade name in GST REG-01… Read More »
Exclusion of Input Service Distributors (ISD) & OIDAR Rule 1(1) of draft GST Registration Rules provides that every person (other than a non-resident taxable person, a person supplying online information and data base access or retrieval services from a place outside India to a non-taxable online recipient referred to in Section 14 of the Integrated… Read More »
Condition of not having stocks of Imported goods As per rule 3(1)(b) of draft GST Composition Rules a composition dealer is required to comply with following condition: – The goods held in stock by him on the appointed day have not been purchased in the course of inter-State trade or commerce or imported from a… Read More »
Validity of Composition Levy Rule 4(4) of draft GST Composition Rule provides that where the proper officer has reasons to believe that the registered person was not eligible to pay tax under Section 10 or has contravened the provisions of the Act or these rules, he may issue a notice to such person in FORM… Read More »
Conditions & Restrictions for Composition Levy Rule 3 of draft GST Composition Rules deals with Conditions and Restrictions for composition levy. Rule 3(1)(b), (c), (d) & (g) thereof requires a person opting for composition scheme to comply with the following conditions: b) …………………. c) the goods held in stock by him have not been… Read More »
Intimation of Composition Levy Rule 1(1) of draft GST Composition Rules provide that any person who has been granted registration on a provisional basis under sub-rule (1) of rule Registration.16 and who opts to pay tax under Section 10, shall electronically file an intimation in FORM GST CMP-01, duly signed, on the Common Portal, either… Read More »
Conditions and restriction in respect of inputs and capital goods sent to the job worker If the inputs or capital goods are not returned to the principal within the time stipulated in Section 143, the challan issued under sub-rule (1) shall be deemed to be an invoice for the purposes of this Act. [ Read… Read More »