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Official twitter treat of Government reports extension of due date to file GST comebacks for July and August 2017. July – GIC has determined to extend Date of GSTR 1, GSTR two and GSTR three for the month of July to 10th, 25th and 30th September two thousand seventeen respectively. August – GIC has determined to extend

All tax payers are required to file GSTR-1, two and three for the month of July two thousand seventeen by 5th, 10th and 15th September two thousand seventeen respectively. The industry has been fighting with procedural doubts in relation to payment of tax, interest and penalty in case of late payment, filing of comes back, incorrect filing of GSTR3B etc.

The central government, on recommendation of the Goods and Services Tax (GST) Council, has waived off the late-filing penalty for all registered taxpayers who failed to file GSTR-3B comeback by the due date. “In exercise of the powers conferred by section one hundred twenty eight of the Central Goods and Services Tax Act, two thousand seventeen (12 of 2017), the

Rent paid by patients for hospital rooms will be exempted from the Goods and Services Tax (GST), the government said today. Issuing clarifications on levy of GST on the tariff for various accommodation services, the Central Board of Excise and Customs (CBEC) said the tax on rooms in the hotel, guest house or inns will

Addressing a press conference, finance minister Arun Jaitley mentioned that in July, Rs92,283 crore had been received as GST receipts from Trio.9 million tax payers, compared with the target of Rs91,000 crore. Not only does this put to rest fears, at least for the time being, that the transition to GST could lead to revenue

Software is a goods or services is an age old debate under Indirect tax history embedded with meaty litigation. Under GST, the big question remains afloat courtesy HSN classification, different place of supply for goods and services etc. As per latest FAQ released by CBEC, In terms of Schedule II of the CGST Act 2017,

Where a tax invoice has been issued for supply of any goods or services or both and the taxable value or tax charged in that tax invoice is found to exceed the taxable value or tax payable in respect of such supply, or where the goods supplied are returned by the recipient, or where goods

Selling of space for advertisement in print media is leviable to GST @ 5%. If the advertisement agency works on principal to principal basis, that is, buys space from the newspaper and sells such space for advertisement to clients on its own account, that is, as a principal, it would be liable to pay GST

Compliance under GST for Very first two months: GSTR 3B

Through this article let’s have a look on how the compliance under GST will be done for the very first two months i.e. July, two thousand seventeen and August, 2017. The Government of India has formed a Special purpose Vehicle Known as Goods and Services Tax Network to set-up the entire IT system which will support eighty lakh

GST rates: Current structure being replicated, no plainness, say analysts

The Centre and states on Thursday struck a breakthrough deal on the rate structure for the goods and services tax (GST): Items constituting half of the consumer price index (CPI) basket including foodgrain will be exempt; many other goods of mass consumption, together another tenth of the basket, will be taxed at a benign 5%;

GST – How to tax a Free Lunch!

They say, there is nothing called a free lunch. For argument’s sake, let’s suppose there is. Can that be taxed too? Mr. Legal Eagle is among the top Chartered Accountants of the country, he represents only the who’s – who of the business world. Success is his 2nd name and his charges are in millions.

Major ease in Service Tax to suit GST roll out likely in Budget 2016

The government has been upbeat about startup India, ease of doing business and GST roll out. This budget, it seems like, finance minister is likely to make a stir which is in line with all three initiatives. Current threshold under service tax law for exemption is likely to raised from Rs. Ten lacs to Rs.

A..B..C..D of GST in India

A uniform nationwide goods and services tax (GST), India’s most ambitious reform initiative that aims to stitch together a common market by dismantling fiscal barriers inbetween states, is staring at fresh hurdles with no signs of an early end to the logjam in Parliament. The government had targeted to rollout the fresh tax structure from

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Must read seven points if you are worried with #GST . See More See Less

All tax payers are required to file GSTR-1, two and three for the month of July two thousand seventeen by 5th, 10th and 15th September two thousand seventeen respectively. The industry has been fighting with procedural doubts in relation to.

Software is a goods or services is an age old debate under Indirect tax history embedded with meaty litigation. Under GST, the big question remains afloat courtesy HSN classification, different place o.

“In exercise of the powers conferred by section one hundred twenty eight of the Central Goods and Services Tax Act, two thousand seventeen (12 of 2017), the Central Government, on the recommendations of the Council, hereby waives the late fee payable under section forty seven of the said Act, for all registered persons who failed to furnish the comeback in FORM GSTR-3B for the month of July, two thousand seventeen by the due date,” Central Board of Excise and Customs (CBEC) said in a notification. #GST . See More See Less

The central government, on recommendation of the Goods and Services Tax (GST) Council, has waived off the late-filing penalty for all registered taxpayers who failed to file GSTR-3B come back by the due .

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