Clarification about Transition Credit under GST by Govt of India There are lot of speculations in the media about the credit of Rs. 65,000 crore claimed by taxpayers in respect of Central Excise and Service Tax in the pre-GST period. Some people are under the impression that because of Rs. 65,000 crore claimed as transition… Read More »
Notification No 26/2017 Central Tax (Rate) Exempt certain supplies to NPCIL vide Notification No 26/2017 Central Tax (Rate) dated New Delhi, the 21st September, 2017 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of Revenue) Notification No. 26/2017-Central Tax (Rate) New Delhi, the… Read More »
Notification No 25/2017 Central Tax (Rate) Seeks to amend notification No. 12/2017-Central Tax (Rate) to exempt right to admission to the events organised under FIFA U-17 World Cup 2017 Notification No 25/2017 Central Tax (Rate) Dated 21st September, 2017 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of… Read More »
Notification No 24/2017 Central Tax (Rate) Seeks to amend notification No. 11/2017-CT(R) to reduce CGST rate on specified supplies of Works Contract Services vide Notification No 24/2017 Central Tax (Rate) dated 21st September, 2017 [TO BE PUBLISHED IN THE GAZZETE OF INDIA, EXTRAORDINARY, PART II, SECTION 3, SUB-SECTION (i)] Government of India Ministry of Finance (Department of… Read More »
Circular No. 01/2017 F.No.166/Cross Empowerment/GSTC/2017 Office of the Goods & Services Tax Council 5th Floor, Tower-II, Jeevan Bharti Building, Connaught Place, New Delhi Dated: 20th September, 2017 To, All Chief Secretaries of the States/UTs with Legislature/Chairperson, CBEC; All Finance Secretaries / CCTs of the States / UTs with Legislature; All Principal Chief Commissioners/Chief Commissioners/ Principal… Read More »
Real Estate Sector under GST taxation regime-Clarification. One third deemed deduction on account of Transfer of Land or Undivided Share of land Chief Commissioner of Central Tax, Central Excise & Customs, Kochi, replying to a query from a private limited company has clarified on issues raised with respect to construction services provided in the Real… Read More »
Notification regarding GST rate for branded cereal, pulses and flour The GST Council, in its 21st meeting held on 9th September, 2017 at Hyderabad has, interalia, 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 on… Read More »
GSTR 2 FAQ’s Introduction 1. What is Form GSTR-2? GSTR-2 is the details of inward supplies of goods or services to be furnished by registered taxpayer on a monthly basis. The GSTR-2 would be prepared by registered taxpayer by acting upon on auto-populated details from GSTR-1,5,6, 7,8 filed by the corresponding supplier/ Non-Resident taxable persons/… Read More »
GUIDELINES FOR CHANGING THE EMAIL AND MOBILE NUMBER OF THE PRIMARY AUTHORIZED SIGNATORIES MENTIONED AT THE TIME OF ENROLMENT OR NEW REGISTRATION. The steps which need to be followed by the user taxpayer for changing of email and mobile number: – ➢ Step-1: Login to GST portal with your user id and password, ➢ Step-2:… Read More »
GST Registration and Honorarium- Nov, 2017 examination The Goods and Services Tax Act, 2017 is operational since 1st July, 2017. The Institute of Chartered Accountants of India is registered under the Goods and Services Tax Act. The services rendered by Resource person to the Examination Department of ICAI are covered under the above mentioned Act. ICAI… Read More »