Monthly Archives: September 2018

Electronic Credit Ledger under GST : FAQ by GSTN

By | September 30, 2018

Electronic Credit Ledger 1. What is an Electronic Credit Ledger? In the Electronic Credit Ledger, all credits accrued on account of inward supplies made by a taxpayer within a tax period are accumulated. The ledger is maintained Major Head-wise, i.e., IGST, CGST, SGST, and CESS. 2. Who maintains the Electronic Credit Ledger? The Electronic Credit… Read More »

How to Cancel GST TDS Registration

By | September 30, 2018

How to Cancel GST TDS registration GST Law also mandates Tax Deduction at Source (TDS) vide Section 51 of the CGST/SGST Act 2017, Section 20 of the IGST Act, 2017 and Section 21 of the UTGST Act, 2017. GST Council in its 28th meeting held on 21.07.2018 recommended the introduction of TDS from 01.10.2018. [… Read More »

Category: GST

Circular No 34/2018 Customs :Mandatory RFID sealing postponed till 01.11.2018

By | September 30, 2018

Circular No 34/2018 Customs F.No: 484 /3/2015—LC (Vol II) Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs Room No. 226, North Block, New Delhi Dated 28th September,2018 To, Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of Customs Subject: Electronic sealing — Deposit in and… Read More »

GSTR10 Offline Utility : Download

By | September 30, 2018

GSTR10 Offline Utility The excel based GSTR10 offline utility is designed to help the taxpayer to prepare the GSTR10 return offline. The utility can be downloaded from this link.Download  Important! Before you extract the downloaded file, ensure that the file is not corrupted. How do I know that my file is not corrupt? Click here to know… Read More »

Category: GST

New GST News 30.09.2018

By | September 30, 2018

New GST News 30.09.2018 [ Join online GST Course by CA Satbir Singh ] New GST News when GST TDS will not be deducted : List of situations GSTR 8 : GST TCS Return : FAQs and User Manual GSTR 8 Offline Utility FAQs : GST TCS Return How to file GST TCS Return :… Read More »

Category: GST

Why not to deal with GST defaulters ?

By | September 29, 2018

Why not to deal with GST defaulters ? Video Lecture Explaining why not to deal with GST Defaulters Relevant Section 64(1) of CGST Act 2017  Summary assessment in certain special cases. The proper officer may, on any evidence showing a tax liability of a person coming to his notice, with the previous permission of Additional Commissioner… Read More »

Category: GST

GST TDS SOP released by CBIC : Download

By | September 29, 2018

Standard Operating Procedure on TDS under GST Standard Operating Procedure on TDS under GST-FAQ and Ready Reckoner for guidance of DDOs and other deductors under GST by Law Committee of GST Council Central Board of Indirect Taxes and Customs has issued Notification No. 50/2018 – Central Tax making the TDS provisions under section 51 of GST applicable… Read More »

Category: GST

Internal Auditor can not undertake GST Audit simultaneously : ICAI

By | September 29, 2018

 Internal Auditor not to undertake Goods and Service Tax (GST) Audit simultaneously Announcement by ICAI  on 28.09.2018 Sub. : Internal Auditor not to undertake Goods and Service Tax (GST) Audit simultaneously We have received enquiries from the members at large and other stakeholders as to whether an internal auditor of an entity can also undertake… Read More »

Category: GST

GST TCS FAQs by CBIC released : Download

By | September 28, 2018

GST TCS FAQs by CBIC released As per Notification No. 51/2018 – Central Tax, TCS provisions under GST applicable from 01.10.2018. Under section 52 of CGST Act, electronic commerce operator are liable to deduct TCS. Further the Central Board of Indirect Taxes and Customs vide Notification No. 52/2018 – Central Tax has notified TCS rate as  half per cent under… Read More »

Category: GST

GOM constituted by 30th GST Council meeting for GST Revenue Mobilisation in case of Natural Calamities and Disasters

By | September 28, 2018

Ministry of Finance Constitution of Group of Ministers (GoM) to examine the Modalities for Revenue Mobilisation in case of Natural Calamities and Disasters Posted On: 28 SEP 2018 8:14PM by PIB Delhi During the 30th Meeting of the GST Council held here today, the proposal of the State of Kerala for imposition of Cess on SGST… Read More »

Category: GST

High Level Committee Constituted on Corporate Social Responsibility of Companies

By | September 28, 2018

Ministry of Corporate Affairs High Level Committee Constituted on Corporate Social Responsibility A High Level Committee on Corporate Social Responsibility – 2018 (HLC-2018) has been constituted under the Chairmanship of Shri. Injeti Srinivas, Secretary, Ministry of Corporate Affairs (MCA) to review the existing framework and guide and formulate the roadmap for a coherent policy on… Read More »

Draft Personal Data Protection Bill 2018 : Download

By | September 28, 2018

Draft Personal Data Protection Bill Draft Personal Data Protection Bill Download Draft Personal Data Protection Bill Click here Ministry of Electronics & IT Public given 10 more days to give views on Draft Personal Data Protection Bill Posted On: 28 SEP 2018 7:00PM by PIB Delhi The draft Personal Data Protection Bill has been uploaded on… Read More »

Bail application rejected due to evasion of GST by opening forged firms : HC

By | September 28, 2018

HIGH COURT OF ALLAHABAD Ranjeet @ Ranjeet Singh v. Union of India VIVEK KUMAR SINGH, J. CRIMINAL MISC. BAIL APPLICATION 21843 OF 2018 SEPTEMBER  6, 2018 Satya Dheer Singh Jadaun, for the Applicant. B.K. Singh Raghuvanshi, for the Respondent. ORDER Vivek Kumar Singh, J. – Supplementary counter affidavit filed by the learned counsel for the complainant today in the… Read More »

GST Exemption to Printing of question papers for educational institutions :AAR

By | September 28, 2018

Serial No. 66(b)(iv) of Notification No. 12/2017–CT(Rate) dated 28/06/2017, as amended from time to time, as applicable, wholly exempts services provided to an Educational Institution relating to conduct of examination. The phrase ‘relating to’ expands the scope of this entry to include such support services without which conduct of the examination is not possible, unless they are… Read More »

No input tax credit if value in invoice is Zero : AAR

By | September 28, 2018

APPELLATE AUTHORITY FOR ADVANCE RULING, WEST BENGAL Assistant Commissioner,CGST & CX, In re RAKESH KUMAR SHARMA AND RANDHIR KUMAR, MEMBER APPEAL CASE NO. 05/WBAAAR/APPEAL/2018 SEPTEMBER  27, 2018 Sandeep Kothari for the Respondent RULING This Appeal has been filed by the Assistant Commissioner, CGST & CX, Tollygunge Division, Kolkata South Commissionerate (hereinafter referred to as the “Appellant”), on 06.07.2018 against… Read More »

GSTR 8 Offline Utility FAQs : GST TCS Return

By | September 28, 2018

GSTR 8 Offline Utility FAQs FAQs of GSTR-8 Offline Utility 1. Can I file complete Form GSTR-8 using Offline Utility? No. Filing can take place only online on the GST Portal. Using Offline Utility, you will be able to only prepare details of Table 3 and Table 4 of Form GSTR-8. Once you have uploaded… Read More »

Category: GST

How to check GST outstanding demands

By | September 28, 2018

How to check GST outstanding demands Taxpayer’s guide on where to get to know about outstanding demands. Where does the taxpayer get to know about outstanding demands under GST ? Answer : Taxpayer needs to login to GST Portal www.gst.gov.in Navigate to Services > Ledger > Electronic Liability register > Part -II Other than return… Read More »

Category: GST

PSDT 1 to PSDT 14 : Download : Punjab Development Tax Rules 2018 forms

By | September 28, 2018

Download PSDT-1 to PSDT-14 PSDT 1 to PSDT 14 has been notified under Punjab State Development Tax Rules 2018 Dated 14th September, 2018 Download Following Forms : from the following File PSDT-1. : [See rule 3(1) of Punjab State Development Tax Rules 2018]  Application for registration (for employers) PSDT-2. : [See rule 3(2) of Punjab State Development Tax Rules 2018]  Application… Read More »

Punjab State Development Tax Rules 2018 : Download

By | September 28, 2018

Punjab State Development Tax Rules 2018 CHANDIGARH, THURSDAY, SEPTEMBER 20, 2018 (BHADRA 29, 1940 SAKA) LEGISLATIVE SUPPLEMENT Contents Part – I Acts Nil Part – II Ordinances Nil Part – III Delegated Legislation Notification No. G.S.R.71/P.A.11/2018/ S.23/ 2018, dated the 14th September, 2018, containing the Punjab State Development Tax Rules, 2018. .. 2017-2043 Part – IV… Read More »

List of nodal officers for GST IT Grievance Redressal Committee

By | September 28, 2018

List of nodal officers for GST IT Grievance Redressal Committee S. No. Name of Central Tax Zone Name of the Principal Nodal Officer Designation Office Address Office Telephone (Landline Number) Email ID 1 Hyderabad Sh. B. Raghu Kiran Joint Commissioner Medchal Commissionerate 040-24303045 kiran.batchali@gmail.com, raghu. batchali@gov.in 2 Pune Sh. Santosh Kumar Vatsa Additional Commissioner Chief… Read More »

Category: GST

GST Exam MCQ Part 6

By | September 28, 2018

GST Exam MCQ Part 6 ( Multiple Choice Questions) GST Exam MCQ Part 6 by CA Satbir Singh in Hindi Q: Whether definition of Inputs under CGST Act 2017 (a) Includes capital goods. (b) Does not includes capital goods. (c) Includes specified capital goods only (d) Includes capital goods if used for the purpose of business Answer… Read More »

Category: GST

New GST Circular and News 28.09.2018

By | September 28, 2018

New GST News 28.09.2018 [ Join online GST Course by CA Satbir Singh ] New GST News 30th GST Council Meeting Today 28.09.2018 (Friday) Circular No 66/40/2018 GST : No GST on services of religious & charitable trusts by way of residential programmes or campus Attention all DDO’S : TDS under GST w.e.f 01.10.2018 :… Read More »

Category: GST

30th GST Council Meeting Decisions

By | September 28, 2018

30th GST Council Meeting The 30th GST Council Meeting is  covened on 28th September 2018 (Friday) through Video Conferencing. Decisions of 30th GST Council Meeting 1 Calamity Cess As per Article 279A  of Constitution , the GST Council is empowerd to impose GST in case of calamity Now following are the questions whether this Tax should… Read More »

CA JOBS Portal by ICAI : Exclusive Job Portal for Chartered Accountants Launched

By | September 28, 2018

Exclusive Job Portal for Chartered Accountants Launched A unique and exclusive Job Portal for Chartered Accountants https://cajobs.icai.org has launched where no. of companies and vacancies increasing every day. Members can find a best job on this portal that matches their interest. Exclusive Job Portal for Chartered Accountants Launched : Click here https://cajobs.icai.org CA Jobs Portal Explained… Read More »