Q.2 Can traders selling on ecommerce portals avail composition scheme if their turnover is less than Rs. 75 lakh? Ans No. refer Sub-section (2) of Section 10 of CGST Act, 2017. Related GST FAQ GST FAQ on Composition, Exports, Invoice and Returns , Job Work ,Levy Related Topic on GST Topic Click Link GST Acts Central… Read More »
Q.1 Whether a person can avail the composition scheme on Small Retail Trading of goods if he is holding both incomes like Sale of business: Rs. 25 lakh (Small Retail Trader) and Rental income: Rs. 12 lakh, whereas the person was registered earlier in VAT Composition Scheme and was paying Service Tax on rental income? Ans Renting… Read More »
Notification No 26/2017 Central Tax Seeks to extend time period for filing of details in FORM GSTR-6 for months of July & August. vide Notification No 26/2017 Central Tax Dated 28th August, 2017 [ Seeks to extend the time limit for filing of FORM GSTR-6 for the months of July, 2017, August, 2017 and September, 2017 vide Notification No… Read More »
Notification No 25/2017 Central Tax Seeks to extend time period for filing of details in FORM GSTR-5A for month of July vide Notification No 25/2017 Central Tax Dtd 28th August, 2017 [ Seeks to extend the time limit for filing of FORM GSTR-5A for the month of July, 2017, August, 2017 and September, 2017 vide Notification No 42/2017… Read More »
The new Goods and Services Tax (GST) will be applicable on any non-monetary fringe benefit an employee gets from his employer, the government said on Monday. Monetary compensation paid to employees is not considered supply and will not attract GST, the Central Board of Excise and Customs (CBEC) said in the latest round of clarification… Read More »
Stakeholders who intend to pursue their insolvency cases may approach appropriate authority/court under the existing enactments, instead of approaching the Debt Recovery Tribunals (DRTs). It has come to notice of Ministry that Writ Petitions are being filed before some High Courts stating that ‘The Presidency Towns Insolvency Act, 1909’ and ‘The Provincial Insolvency Act, 1920’ (enactments) have… Read More »
GST Revenue Figures – July 2017 The Goods and Services Tax (GST) tax was introduced on 1st of July, 2017. The last date for payment of GST for the month of July 2017 was 25thAugust, 2017. The last date for filing returns in cases, where the taxpayer wanted to avail transitional credit was 28th August, 2017 and,… Read More »
How to Claim Refund of balance in GST Electronic cash Register GST Video Tutorial Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars GST Judgments GST Judgments… Read More »
GST Nil Return Mandatory ? GST Video Tutorial Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars GST Judgments GST Judgments GST Press Release GST Press Release… Read More »
GST Tariff with Commodities /Services Index Incorporating Notifications issued on 22-8-2017 Description Incorporating GST Rates for Goods with HSN Code GST Rates for Services with Service Code GST Rate & Exemption Notifications for Goods GST Rate & Exemption Notifications for Services Commodities Index Services Index Case Laws/Departmental Clarifications Rates specifiedunder Other Acts Price Rs 1650… Read More »