an eligible registered person, whose aggregate turnover in the preceding financial year did not exceed One Crore rupees, may opt to pay, in lieu of GST payable by him, an amount calculated at the rate of,–– (i) 2% of the…
A Registered Person may choose for Composition Scheme in GST till 31.03.2017
The Registered Persons may opt to pay tax under composition scheme with effect from the first day of the month immediately succeeding the month in which he files an intimation of opting for Composiition Scheme, on the common portal on or before the…
Due for Filing ITC-01 for July17, August17 & September 17 has been extended
Declaration by the registered persons in Form GST ITC-01 who have become eligible during the months of July 17, August17 & September17 till 31.10.2017. A Registered person who has withdrawn from composite scheme is required to file GST ITC-01 containing…
GST Return Due date for Input Service Distributor for July17, August17 & September17 has been Extended
The GST Return Due date for Input service Distributors who requires to file GSTR-6 for July 17, August 17 and September 17 has been extended to 15.11.2017 by Central government vide Notification no-43/2017 Central Tax dated 13.10.2017. Share on: Whatsapp
GST Return Due date for Composite Dealer has been Extended for July17 to Sept17 Querter
The Central Government has extended the Due date for Filing Returns by Composite dealer in GSTR-4 for the Quarter July17 to September 17 to 15.11.2017. The Dealers who opt for payment of GST Under Composition Scheme is required to file…
RBi’s Direction on Peer to Peer Lending Platforms
What is Peer to Peer Lending Plat form: Peer-to-peer lending (P2P lending) is also known as Crowd Lending. Its is a way of practice of lending money to individuals or businesses mostly through online services that match lenders with borrowers. Its basically a match…
Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports without payment of GST
In view of the difficulties being faced by the exporters in submission of bonds/Letter of Undertaking (LUT for short) for exporting goods or services or both without payment of integrated tax, Notification No. 37/2017 – Central Tax dated 4th October, 2017…
Facility to Exporter to give Letter of Undertaking in place of a bond for Export without payment of GST
Central Board of Excise and Customs hereby specifies conditions and safeguards for furnishing a Letter of Undertaking in place of a Bond by a registered person who intends to supply goods or services for export without payment of integrated tax…
How to change Primary Email ID & Mobile No of Existing Registration of GST
The steps which need to be followed by the user taxpayer for changing of email and mobile number: – Step-1: Login with your user id and password, Step-2: Click on the registration bar and select the non-core amendment , Step-3:…
How to File GSTR-1 Using Offline Utility
Create and upload the Outward Supplies details in the GSTR 1 using the Returns Offline tool. Before using the GSTR1 excel template for filling outward supply details, delete all sample data from all Before importing the excel file in the…
Guidance for claiming credit in TRAN 1 in respect of registrations under earlier laws
It may be happened that when Taxpayers claiming Transitional Credit in respect of existing registration(s) under earlier law(s) of Central Excise, Service Tax and VAT , the tax payers get the message of “Trans-1 processed with error” when they save such details. This…