USA IRS Video Tax Tip: Amending My Return
IRS Video Tax Tip: Amending My Return Here is a video tax tip from the IRS: Amending My Return English | Spanish |ASL
Monthly Archives: June 2017
USA IRS FATCA News & Information
1. FATCA FFI Registration System updated for FFIs to renew their agreement with the IRS The FATCA FFI Registration system has been updated to include the ability for FFIs to renew their agreement with the IRS. From the home page link of “Renew FFI Agreement,” the FI will determine whether it must renew its FFI… Read More »
Draft Rule for issue of CTD – Credit Transfer Document to Transfer Cenvat Credit
Draft Rule for issue of Credit Transfer Document to be inserted in the CENVAT Credit Rules, 2004 for transfer of cenvat credit paid on specified goods available with a trader as on appointed date. PRESS RELEASE, DATED 6-6-2017 A.(1) A manufacturer who was registered under Central Excise Act, 1944 (hereafter referred as manufacturer in this… Read More »
Final GST Transition Formats – GST Council Approved – Download print
Final GST Transition Formats as approved by GST Council on 03.06.2017 Read Also Final GST Transitional Provisions Rules – Approved by GST Council – Download – Print GOODS AND SERVICES TAX RULES, 2017 TRANSISTION FORMATS Download Final GST Transition Formats
Final GST Transitional Provisions Rules – Approved by GST Council – Download – Print
Final GST Transitional Provisions Rules as approved by GST Council on 03.06.2017 CHAPTER TRANSITIONAL PROVISIONS 1. Tax or duty credit carried forward under any existing law or on goods held in stock on the appointed day (1) Every registered person entitled to take credit of input tax under Section 140 shall, within ninety days of the… Read More »
When and where stock as on 30.06.2017 to be declared – GST
Q When and where the stock as on 30.06.2017 to be declared. Please refer to the Transition Rules. [ Final GST Transitional Provisions Rules as approved by GST Council on 03.06.2017 ] [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] [ Reply as per Twitter Account of Govt of India for… Read More »
No concept of payment of GST on MRP basis
Q : On formulations GST will be on MRP or at sale price… No concept of payment of GST on MRP basis. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied
When GST dealers needs to upload sales of unregistered dealers
Q: Do registered dealers have to upload sale details of unregistered dealers also in GSTR 1? Generally not. But required in case of inter-State supplies having invoice value of more than Rs 2.50 Lakhs. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries… Read More »
GST ITC on works contract not available
Q: Service Tax on Works Contract is 10.5%(50/50 under RCM- existing Reverse Charge Mechanism).What would be GST on works contract and whether any credit will be available to Receiver ? Pl see Section 17 (5)(c ) and (d) of CGST Act, 2017 [ As per Section 17 (5)(c ) and (d) of CGST Act, 2017 : No… Read More »
Services provided before GST Act and Invoice raised Afterwards , How to pay tax
Q: Sir, Some service provided on on 28.06.2017 but Invoice will be raised on 05.07.2017,whether we have to charge Service Tax /GST ? Pl see Section 142 (11) of CGST Act, 2017 [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related GST Questions / Queries replied