Punjab cabinet okays amendment to GST incentives LUDHIANA: In a significant move, the Punjab cabinet on Wednesday (06.03.2019) approved an amendment to the GST incentives notified under its Industrial and Business Development Policy-2017 to enable industrial units to choose between net GST incentives or incentivised SGST (state GST) on intra-state sale. The cabinet at its… Read More »
Amendments in GST Act Changes in GST from 1.4.2019 Changes in GST Effective From 1st April 2019 Key Changes by CGST / IGST Amendment Bill 2018 The Central Goods and Services Tax (Amendment) Act 2018 , The Integrated Goods and Services Tax (Amendment) Act 2018. , The Union Territory Goods and Services Tax (Amendment) Act 2018. , The Goods and Services Tax… Read More »
Major Amendments made in GST Amendment Acts, 2018 enforced w.e.f. February 01, 2019* New Provision: Section 49A inserted in CGST Act, 2017 The input tax credit (ITC) on account of Central tax, State tax or Union territory tax shall be utilised towards payment of Integrated tax, Central tax, State tax or Union territory tax, as… Read More »
Applicability of Reverse Charge Mechanism (RCM) on Purchases from Unregistered Persons Section 9(4) of CGST Act, 2017 and Section 5(4) of IGST Act, 2017 contain provisions regarding Reverse Charge Mechanism (RCM) on purchases from unregistered persons. GST on supplies from unregistered person to registered person is levied in the hands of registered person under RCM.Government… Read More »
ICSI GST Newsletter March 2019 ICSI GST Newsletter March 2019 Click here Refer All ICSI GST Newsletters
The Annual return under GST (FORM GSTR-9) is active on the GST portal now. Once you login, you will be able to see the annual return below the return dash board icon. You can also see that in Services>Returns>annual return. Then select the Financial year. (Only FY 17-18 is available now). Below are the points… Read More »
MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 6th March, 2019 G.S.R. 184(E).—In exercise of the powers conferred by clause (d) and clause (e) of sub-section (2) of section 24 of the Coinage Act, 2011 (11 of 2011), the Central Government hereby makes the following rules, namely:- 1. Short title and… Read More »