New GST News 03.10.2018 [ Join online GST Course by CA Satbir Singh ] New GST News GST and Income Tax Calendar October 2018 : Due Dates GST TDS Accounting Entries in Supplier Books Taxmann GST Audit & Annual Return 2018 Edition Book by Aditya Singhania How e-commerce seller can take credit of GST TCS… Read More »
E-commerce seller can take credit of GST TCS Question : How can actual suppliers claim credit of TCS under GST w.e.f 01.10.2018 ? The amount of TCS deposited by the operator with the appropriate Government will be reflected in the electronic cash ledger of the actual registered supplier (on whose account such collection has been… Read More »
GSTR-8 ( Return of TCS under GST ) FAQ What is Form GSTR-8? Form GSTR-8 is a Statement of TCS (Tax Collected at Source) to be filed by E Commerce Operators. Form GSTR-8 contains the details of taxable supplies and the amount of consideration collected by such operator pertaining to the supplies made by other… Read More »
GST Anti-Profiteering Mechanism What is an ‘Anti-profiteering’ activity? The suppliers of goods and services should pass on the benefit of any reduction in the rate of GST on such supplies or the benefit of input tax credit to the recipient by way of commensurate reduction in prices. The wilful action of not passing of such… Read More »
National Anti-Profiteering Authority- Procedure & Methodology In exercise of the powers conferred under Rule 126 of the Central Goods & Services Tax Rules, 2017, the National Anti-Profiteering Authority under the Goods & Services Tax hereby notifies the following Methodology and Procedure for determination as to whether the reduction in the rate of tax on the supply… Read More »
eSANCHIT Process Guide eSANCHIT – Step-by-Step Procedure for electronic document upload The following steps are the step by step procedures involved in uploading of the supporting documents: Step 1: Prepare Supporting Documents in digital format Before uploading the document, the importer, exporter, Customs broker (referred to hereinafter as ‘submitter’) may ensure that the document is… Read More »
ICEGATE – Facility of uploading document on eSANCHIT by Government agencies instead of importer/exporter after Pilot Project Circular No 35/2018-Customs F. No. 450/148/2015-Cus-IV Government of India Ministry of Finance, Department of Revenue (Central Board of Indirect Taxes and Customs) ***** Room No. 229 A, North Block , New Delhi , Dated 01st October, 2018 To… Read More »