Daily Archives: March 8, 2019

New GST Return Formats : Download

By | March 8, 2019

New GST Return Formats Proposed Return documents, as approved by competent authority on 8/03/2019 Proposed Return documents, as approved by competent authority, can now be downloaded from here New GST Return Normal Click here New GST Return Sugam Click here New GST Return Sahaj Click here This is to enable various stakeholders in adapting their… Read More »

No GST on TCS under Income Tax : Corrigendum to Circular No. 76/50/2018 GST

By | March 8, 2019

No GST on TCS under Income Tax Corrigendum to Circular No. 76/50/2018 GST F.No. 20/16/04/2018 -GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing New Delhi, Dated the 7th March, 2019 To,The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/Commissioners of Central Tax (All)The Principal Director Generals/ Director Generals (All)… Read More »

Circular No 92/11/2019 GST : treatment of sales promotion scheme under GST

By | March 8, 2019

Circular clarifying various doubts related to treatment of sales promotion scheme under GST Circular No 92/11/2019 GSTF. No. 20/16/04/2018-GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing New Delhi, Dated the 7th March, 2019 To,The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners /Commissioners of Central Tax (All)The… Read More »

Notifications issued to Implement decisions taken by GST Council

By | March 8, 2019

Ministry of Finance Implementation of various decisions taken by the GST Council for the MSME Sector; Issue of Notifications there of Posted On: 07 MAR 2019 The GST Council in its 32nd Meeting held on 10th January, 2019, inter-alia, had taken the following decisions to be effective from 1st April, 2019 (01.04.2019): ·         Higher Exemption Threshold Limit for Supplier of Goods:… Read More »

Notification No 10/2019 Central Tax : New GST Registration Limit from 01.04.2019

By | March 8, 2019

To give exemption from registration for any person engaged in exclusive supply of goods and whose aggregate turnover in the financial year does not exceed Rs 40 lakhs. [TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (i)]Government of IndiaMinistry of Finance(Department of Revenue)Notification No. 10/2019-Central Tax New Delhi, the 7th… Read More »

Notification No 2/2019 Central Tax (Rate) : composition scheme for supplier of services @ 6%

By | March 8, 2019

Notification No 2/2019 Central Tax (Rate) To give composition scheme for supplier of services with a tax rate of 6% having annual turn over in preceding year upto Rs 50 lakhs. [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (i)]Government of IndiaMinistry of Finance(Department of Revenue)Notification No. 2/2019-Central Tax (Rate)… Read More »

Notification No 14/2019 Central Tax : Composition Scheme Limit increased from 01.04.2019

By | March 8, 2019

Seeks to supersede notification No. 08/2017 – Central Tax dated 27.06.2017 in order to extend the limit of threshold of aggregate turnover for availing Composition Scheme u/s 10 of the CGST Act, 2017 to Rs. 1.5 crores. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]Government of IndiaMinistry of… Read More »