GST India

GST India Information about Goods and Services Tax (GST), Training on GST, Awareness on GST

18/04/2019

Modi....

09/02/2019

Affordable housing projects @3% & Other projects @5%, without ITC.
Time to rework price's.

07/02/2019

Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117(1A)

Commissioner hereby extends the period for submitting the declaration in
FORM GST TRAN-1 till 31st March, 2019, for the class of registered persons who could not
submit the said declaration by the due date on account of technical difficulties on the common portal and whose cases have been recommended by the Council.

Order No. 01/2019-GST -Dated - 31st January 2019

07/02/2019

CGST Credit can be utilized for making payment of taxes and deposits under erst-while laws.

The Registry (CESTAT) has raised the objection that the appellant had discharged 7.5%/10% of the duty/tax by utilizing credit balance in Electronic Credit Ledger and not discharged in Cash.

Appellant had submitted before Assistant Commissioner informing the fact of payment of such pre-deposit through CGST Credit and indicating the same in their GSTR-3B for the month of August 2018. The applicant has also enclosed letter dated 03.10.2018 along with GSTR-3B filed for the month of August and also submitted the Circular No. 58/32/2018-GST dated 04.09.2018 and also Circular No. 42/16/2018-GST dated 13.04.2018 and submitted that the Circular very clearly states that the arrears of Central Excise duty, Service Tax or wrongly availed cenvat credit under the existing law is permissible to be paid through the utilization of amounts available in the electronic credit ledger.

In view of this fact, we are of the opinion that the objection raised by the Registry is not tenable and therefore, we set aside the objection and direct the Registry to take the appeal on record and list the same for final disposal in due course.

M/s. Dell International Services India Pvt. Ltd. Vs Commissioner of Central Tax (CESTAT Bengalore) - Appeal No. ST/21529/2018-DB

09/12/2018

Due Date for Annual Return (i.e GSTR9) & Audit (i.e GSTR9C) extended from 31/12/18 to 31/03/19

Income Tax Due Date
13/07/2018

Income Tax Due Date

UAE VAT training for enterprainers in Dubai...
11/01/2018

UAE VAT training for enterprainers in Dubai...

10/11/2017

*Revision in Late fee*
1) For nil return from 200 Rs per day to Rs 20 per day
2) For others , The late fees Has been revised from Rs 200 to Rs 50 Per day

*Revision in Timelines for filling return*

GSTR 2 & 3 is abolished till March 2018

For Asseses having Turnover upto Rs 1.5 Cr will file
1- GSTR 3B monthly
2- GSTR 1 - Quarterly

For assesses having Turnover more than 1.5 Cr will file
GSTR 3B- Monthly filling by 20th of the following month.
GSTR 1- Monthly

*Revision in due dates*

GSTR 4 shall have to file there return 24th December 2017. Form for GSTR 4 is already available online

GSTR 5- 11th Dec 2017
Trans 1 - 31st December 2017

*Changes in Composition Scheme*

COMPOSITION dealer shall have uniform rate of 1% for manufacturer and traders.

Restaurant Services will have a flat rate of 5%

COMPOSITION SCHEME will cover services of up to Rs 5 Lakhs in addition to the goods.

Threshold limit for COMPOSITION SCHEME will increase to 2 Cr (Necessary ammendments will be made in act). Once the act is ammended, the threshold limit will be Rs 1.5 Cr

The aggregate turnover will only cover the taxabale supplies and not exempt supplies for the purpose of computing tax @1%/5%.

Sale of used cars in GST .... summarised....
09/09/2017

Sale of used cars in GST .... summarised....

Payment in GST.. important for all...
31/07/2017

Payment in GST.. important for all...

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