GST FAQs (updated till 01.01.2018) Released by CBEC 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 Press Release… Read More »
Non-resident taxable persons can now create and submit Form GSTR 5 to give details of ITC taken, amendments, supplies made by them, etc. GST Portal www.gst.gov.in
Ministry of Commerce & Industry Impact of Demonetisation and GST on key Industrial Sectors Posted On: 03 JAN 2018 4:18PM by PIB Delhi The growth of different sectors of an economy depends on a number of factors, including structural, external, fiscal and monetary factors (which is partly reflected by demonetisation). Therefore, it is not possible… 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 Rates on Real Estate-No GST is applicable on sale of ready to move-in or Completed property GST Rates on Real Estate No GST is applicable on sale of ready to made move-in or Completed property i.e. where the entire consideration has been received after issuance of completion certificate. Effective rate of GST payable on… Read More »
Notice from GSTN As per information received from GSTN, It is informed that links related to following forms, have been disabled on GST Portal w.e.f. 28.12.2017: 1. Form GST TRAN-01 ( as last date to file the form was 27th Dec, 2017) 2. Table 6A of Form GSTR-1 (This has been disabled, since Form GSTR-1… Read More »
GST FAQs on 27.12.2017 by Govt Twitter account GST to be charged @ 0.10% to merchant exporters as per Notification No 40/2017 central Tax (Rates) & Notification No 41/2017 Integrated Tax (Rates) However Option not available in GST returns to show these sales . In GSTR 3B it has to be shown in Table 3.1 row (a) Outward supplies (other… Read More »
GST FAQs on 25.12.2017 by Govt Twitter Account Question No. 1: Can a manufacturer who was not registered in excise take credit of goods on which he doesn’t have duty paying documents i.e. Can he take deemed transitional credit? Answer: No, as per section 140 of CGST Act. Question No. 2: We have accidentally filed GST… Read More »
GST on Travel arrangement and tour operator services Analysis of GST on Travel arrangement and tour operator services in India Is there any GST on Travel arrangement and tour operator services ? Yes , Travel arrangement, tour operator services fall under following groups Group 99855 : Travel arrangement, tour operator and related service 998551 : Reservation services for… Read More »
Ministry of Finance Total collection under GST for the month of December 2017 has been Rs. 80,808 crores till 25th December 2017 Posted On: 26 DEC 2017 6:08PM by PIB Delhi Total Revenue Collection under GST: The total collection under GST for the month of December 2017 has been Rs. 80,808 crores till 25th December 2017. … Read More »