Subject: Launch of BGM (Back Ground Material) on GST Act(s) and Draft Rule(s), 2017 Dear Professional Colleague, Greetings from Indirect Taxes Committee! India is witnessing a sea change in the indirect taxes regime. The implementation of much awaited Goods and Services Tax is around the corner with receipt of presidential assent to the four GST… Read More »
Chapter- TAX INVOICE, CREDIT AND DEBIT NOTES [ GST Tax Invoice Rules 2017 to be called ” Tax Invoice Credit and Debit Notes ” were approved by GST Council on 18.05.2017 ] 1. Tax invoice Subject to rule 7, a tax invoice referred to in section 31 shall be issued by the registered person containing the… Read More »
GST ITC Forms – GST Input Tax Credit Forms [ Read Also Final GST Input Tax Credit Rules – GST ITC Rules – Approved by GST Council – Download – Print ] GST ITC Forms – GST Input Tax Credit Forms as approved by GST Council on 18.05.2017 Sr No Form No Description 1. GST ITC 01… Read More »
CHAPTER—- Input Tax Credit [ Final GST Input Tax Credit Rules 2017 / GST ITC Rules approved by GST Council on 18.05.2017 ) 1. Documentary requirements and conditions for claiming input tax credit (1) The input tax credit shall be availed by a registered person, including the Input Service Distributor, on the basis of any… Read More »
Final GST Composition Formats approved in GST Council 14th Meeting on 18.05.2017 [ Read Final GST Composition Rules approved in GST Council 14th Meeting on 18.05.2017 – Download – Print ] Sr No Form No Description 1. GST CMP-01 Intimation to pay tax under Section 10 (composition levy) (Only for persons registered under the existing law migrating on… Read More »
Chapter — COMPOSITION RULES ( Final GST Composition Rules 2017 approved in GST Council 14th Meeting on 18.05.2017) 1. Intimation for composition levy (1) Any person who has been granted registration on a provisional basis under sub-rule (1) of rule Registration.17 and who opts to pay tax under section 10, shall electronically file an intimation in FORM… Read More »
Final GST Rules – Approved by GST Council Meeting held on 18.05.2017 Composition – Rules and Formats Valuation Rules ITC – Rules and Formats Invoice, Debit & Credit Notes – Rules Payment – Rules and Formats Refund – Rulesand Formats Registration – Rules and Formats [ Read also GST Rate Schedule for Goods ; As per GST… Read More »
GST Compensation Cess Rates for different supplies [ GST Compensation Cess Rates as per discussions in the GST Council Meeting – 14th meeting – held on 18th May, 2017] The fitment of rates of goods were discussed today during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved… Read More »
GST Rate Schedule for Goods [ GST Rate Schedule for Goods as per discussions in the GST Council Meeting held on 18th May, 2017] The fitment of rates of goods were discussed today during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for goods… Read More »
Revenue Ruling 2017-12 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 sections 42, 382,… Read More »