Press Information Bureau Government of India Ministry of Finance 26-September-2017 19:27 IST GST Revenue Figures – As on 25th September, 2017 The Goods and Services Tax (GST) was introduced on 1st of July, 2017. In the press release dated 29th August, 2017, it was reported that the total revenue of GST paid under different heads for the… Read More »
Tips for Creating New GSTR1 (upload new invoices/other data for return) Create and upload the Outward Supplies details in the GSTR 1 using the Returns Offline tool. 1. Before using the GSTR1 excel template for filling outward supply details, delete all sample data from all worksheets. 2. Before importing the excel file in the offline… Read More »
Checklist to avoid json error (for figure 2,3 ) especially point 4 & 8: 1. GSTIN should be valid and 15 alphanumeric characters, 2. Invoice length should not be more than 16 characters and only characters allowed are numeric, alphabets , / and – 3. In b2cl, invoice value should be more than 250000, 4.… Read More »
GST on Casual Taxable Persons GST Video Tutorials 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 »
Advisory Note for claiming credit in TRAN 1 in respect of registrations under earlier laws It has been observed that taxpayers are facing problem in claiming transitional credit in respect of existing registration(s) under earlier law(s) of Central Excise, Service Tax and VAT. When these registrations are mentioned in the TRAN 1 form in different… Read More »
How to Maintain GST Records 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 GST Books Best… Read More »
GST News 24 09 2017 by TaxHeal 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 GST… Read More »
Notification Issued For GST Actionable Claim On Branded Food Products The GST Council, in its 21st meeting held on 9th September, 2017 at Hyderabad has, inter alia, recommended that for 5% GST rate on cereals, pulses and flours etc. put up in unit container and bearing a registered brand name: a) A brand registered as… Read More »
Notification No 27/2017 Union Territory Tax (Rate) Seeks to amend notification no. 1/2017- Union Territory tax(rate) dated 28.06.2017 to give effect to gst council decisions regarding gst rates vide Notification No 27/2017 Union Territory Tax (Rate) Dated 22nd September, 2017 [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT… Read More »
Blockage of Working Capital of Exporters There are lot of apprehensions expressed in the media about the problem of blockage of working capital for exporters post-GST. There are various figures also being discussed on the blockage of such funds, which are wild estimates. Such media reports are not based on facts. i) First of all,… Read More »