GST Council decisions 09.09.2017 Recommendations made by the GST Council in the 21st meeting at Hyderabad on 9th September, 2017 The GST Council, in its 21st meeting held at Hyderabad on 9th September 2017, has recommended the following measures to facilitate taxpayers: a)In view of the difficulties being faced by taxpayers in filing returns, the following revised… Read More »
GST return for July 2017 ; Due date extended to 10 Oct 2017 GST Council decisions 09.09.2017 Recommendations made by the GST Council in the 21st meeting at Hyderabad on 9th September, 2017 The GST Council, in its 21st meeting held at Hyderabad on 9th September 2017, has recommended the following measures to facilitate taxpayers: a)In view… Read More »
SUGGESTIONS ON GST Implementation Issues (August 2017) Indirect Taxes Committee THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NEW DELHI INTRODUCTION 1. The Institute of Chartered Accountants of India considers it a privilege to submit its suggestions on Post GST implementation issues. 2. We look forward to contributing in the drafting of simple, transparent, & fair GST Rules… Read More »
IRS Reminds Partnerships that Received Extensions: Returns Due Sept. 15 Tax Relief Available for those Affected by Hurricane Harvey; IRS Monitoring Hurricane Irma, Upcoming Deadline WASHINGTON — The Internal Revenue Service continues to monitor Hurricane Irma, but reminds calendar-year partnerships that the due date for filing a return after receiving an extension remains Sept. 15 following a… Read More »
Make a Difference, Become a Community Tax Volunteer The IRS is looking for community volunteers to provide free tax preparation and help to their neighbors and other area residents in 2018. The IRS sponsors the Volunteer Income Tax Assistance (VITA) and the Tax Counseling for the Elderly (TCE) programs. These two programs offer free tax help… Read More »
Q 19 I have not received ARN or have received ARN but not GSTIN, how do I supply goods or services or both? You can supply goods or services or both on bill of supply without mentioning GSTIN and/or ARN. On receipt of GSTIN, you will need to issue revised invoice mentioning GSTIN. You are required… Read More »
If I was registered earlier but am not required to register under GST, what to do about provisional ID and accumulated ITC? Please apply for cancellation of registration under Section 29(1) of the CGST Act, 2017 read with Rule 24(4) of CGST Rules, 2017. You will be required to calculate and pay ITC availed… Read More »
Whether franchisor company will have to take registration in each state where outlets are located? No, a franchisor company need not take registration in a state where only its franchisee is located. 50 GST FAQ Compiled from Tweets by CBEC Related Topic on GST Topic Click Link GST Acts Central GST Act and States… Read More »
Attention taxpayers! Don’t wait for the last date, file GSTR-1, 2 and 3 within the prescribed period VISIT www.gst.gov.in Kindly note that, the following are important points to be remembered in regards to filing of Form GSTR-1 I. Timelines The regular Returns filing (GSTR-1, GSTR-2, and GSTR-3) deadline relaxed for July/August 2017. The Time period… Read More »
21k people disclose Rs 4,900 cr black money under PMGKY Black money worth Rs 4,900 crore was disclosed by 21,000 people under the Pradhan Mantri Garib Kalyan Yojna (PMGKY), the stash money declaration window announced by the government post demonetisation, an official said today. The Income Tax Department, a top government official told PTI, has… Read More »