GST Refund of ITC of previous month Invoices availed in Next Months Refer Circular No 79/50/2018 GST Dated 31st December 2018 : Clarification on refund related issues Non-consideration of ITC of GST paid on invoices of earlier tax period availed in subsequent tax period: Presently, ITC is reflected in the electronic credit ledger on the basis of… Read More »
Refer Circular No 79/50/2018 GST Dated 31st December 2018 : Clarification on refund related issues Misinterpretation of the meaning of the term “inputs”: It has been represented that on certain occasions, departmental officers do not consider ITC on stores and spares, packing materials, materials purchased for machinery repairs, printing and stationery items, as part of Net… Read More »
Refer Circular No 79/50/2018 GST Dated 31st December 2018 :Clarification on refund related issues Issue: A registered person uses coal for the captive generation of electricity which is further used for the manufacture of goods (say aluminium) which are exported under Bond/Letter of Undertaking without payment of duty. Refund claim is filed for accumulated Input Tax… Read More »
Steps of Linking your Mobile number with SBI Bank (State Bank of India) account Mobile No. Updation by SBI Internet Banking portal www.onlinesbi.com • Log into www.onlinesbi.com • Navigate to” Profile-Personal Details-Change mobile No.” under “My Accounts”, appearing on the left panel of the screen. • On the next page, select the Account number, input… Read More »
How to Link PAN with SBI Bank Account PAN Linking SBI Internet Banking portal www.onlinesbi.com • Log into www.onlinesbi.com • Navigate to” Profile-PAN Registration“ under “My Accounts”, appearing on the left panel of the screen. • On the next page, select the Account number, input the PAN number and click on Submit. • Your request… Read More »
As per RBI directives, periodicity for processing Non-CTS cheques in CTS clearing has been reduced to ‘once in a month’ from 01.09.2018, i.e., second Wednesday of the month. No such cheques will be accepted in CTS clearing after 31.12.2018. Please contact your Home branch for replacement with CTS-2010 standard cheques. Related Post Dhanlaxmi Bank New… Read More »
Steps to link Email ID with SBI Bank Account E-mail ID updation through SBI Internet Banking portal www.onlinesbi.com • Log into www.onlinesbi.com • Navigate to”Profile-Personal Details-Change email ID “ under “My Accounts”, appearing on the left panel of the screen. • On the next page, select the Account number, input the email ID and click… Read More »
10 Key Changes in New GST Annual Return Notification No 74/2018 Central Tax : CGST (Fourteenth amendment) Rules 2018 for New GST Annual Return (GSTR 9) File All GSTR 1 and GSTR 3B It is mandatory to file all your FORM GSTR-1 and FORM GSTR-3B for the FY 2017 -18 before filing GST Annual Return… Read More »
The Central Board of Direct Taxes (CBDT) has specified the procedure, format and standards for filing an application for grant of certificate of no or low tax deduction or collection certificates under the Income-tax Act, 1961 F.No. Pro DGIT(S)/CPC(TDS)/NOTIFICATION/201S-19 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New… Read More »
Dear Professional Colleague, Greetings from Indirect Taxes Committee!! We are pleased to inform you that Indirect Taxes Committee of ICAI has enters into an arrangement with M/s MS Knowledge Processing Pvt. Ltd. to provide the GST contents of its website (https://www.taxmanagementindia.com) at Rs. 2500/- (plus taxes) p.a. to the members of ICAI. This is part of an… Read More »