How to declare Transfer of Input Tax Credit in case of Sale , merger, demerger of business ? Taxpayers can now declare transfer of ITC in case of sale, merger, demerger, amalgamation, lease or transfer of a business through Form GST ITC 2 on the GST Portal. (www.gst.gov.in) Related Topic on GST Topic Click Link… Read More »
How to upload GST TRAN 2 on Common Portal ? Taxpayers can now fill and upload data in Form GST TRAN 2 using Offline Tool on the GST Portal. (www.gst.gov.in) 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… Read More »
Has the facility been provided to declare Supply to merchant exporters @ 0.1% in GST returns ? Taxpayers have been provided facility to give details of supplies made to merchant exporters at rate of 0.1 %, in all returns on GST Portal (www.gst.gov.in). Related Topic on GST Topic Click Link GST Acts Central GST Act… Read More »
Ministry of Finance Government Cautions People Against Risks in Investing in Virtual ‘Currencies’; Says VCs are like Ponzi Schemes Posted On: 29 DEC 2017 9:55AM by PIB Delhi The Ministry of Finance has issued the following statement today on Virtual ‘Currencies’. “There has been a phenomenal increase in recent times in the price of Virtual… Read More »
Ministry of Finance Operation Clean Money Posted On: 29 DEC 2017 5:08PM by PIB Delhi As a part of post-demonetisation exercise, Income Tax Department had to analyse cash deposit data and seek information to identify possible cases of tax evasion. Operation Clean Money (OCM) was launched on 31st January 2017, with the mission to “Create… Read More »
Ministry of Finance Linking of Jan Dhan Accounts with Aadhaar Posted On: 29 DEC 2017 5:10PM by PIB Delhi Linking of Aadhaar in bank accounts, Jan Dhan or otherwise, enables Ministries/Departments under Centre and State governments to transfer subsidy directly into the bank account of the beneficiaries using the Aadhaar Payment Bridge. However, beneficiaries not… Read More »
Ministry of Finance Extension of date for filing return in FORM GSTR-1 Posted On: 29 DEC 2017 7:11PM by PIB Delhi The last date for filing of return in FORM GSTR-1 for all taxpayers for the relevant periods, as shown in the Table below, has been extended to 10th January, 2018. Table Sl. No. Class of… Read More »
GST News 30.12.2017 by CA Satbir Singh on TaxHeal.com 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… Read More »
Circular No 26/26/2017 GST F. No. 349/164/2017/-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing Circular No 26/26/2017 GST New Delhi, Dated the 29th December , 2017 Clarifications for Filing of returns under GST vide Circular No 26/26/2017 GST Dated 29th December , 2017 [Clarifications on… Read More »
Notification No 75/2017 Central Tax CGST (Fourteenth Amendment) Rules,2017 vide Notification No 75/2017 Central Tax Dated 29th December, 2017 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Excise and Customs Notification No. 75/2017 – Central Tax New Delhi,… Read More »