Category: GST
GSTN system is not working upto the level and required to be corrected & updated to meet requirements – Rajasthan High Court GSTN system is not working upto the level and required to be corrected & updated The Jaipur Bench of Hon’ble Rajasthan high Court has observed that the GSTN system is not …
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 …
Extension of time limit for submitting Form GST TRAN-1 to 31st October 2017 F. No. 349/58/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs *** New Delhi, the 18th September, 2017 Order No. 02/2017-GST Subject: Extension of time limit for submitting …
CBEC instruction to file SLP against stay of tax collection under GST by the orders of High Courts irrespective of fact that matter is still pending before High Court F.No.275/11/2017-CX.8A Ministry of Finance Department of Revenue Central Board of Excise & Customs (Legal Cell) ******** ‘C’ Wing, 5th …
GST Practitioners-A Guide by CBEC. Eligibility Criteria for becoming GST practitioner. Activities and Conditions for GST Practitioner GST Practitioners Section 48 of the CGST Act provides for the authorisation of an eligible person to act as approved GST practitioner. A registered person may authorise an approved GST practitioner …
Meaning and Scope of Supply under GST. Supplies in the course or furtherance of business only qualify as supply under GST The Meaning and Scope of Supply under GST The taxable event in GST is supply of goods or services or both. Various taxable events like manufacture, sale, …
Tax Invoice and other such instruments in GST. Serial number of invoices issued shall be furnished electronically through the Common Portal in Form GSTR-1 Tax Invoice and other such instruments in GST Introduction Generally speaking, an invoice is a commercial instrument issued by a seller to a buyer. …
Refunds Mechanism under GST-A Guide by CBEC. Every claim has to be filed online in a standardised form which will be acknowledged (if complete in all aspects) in 14 days. Refunds Mechanism under GST Introduction Timely refund mechanism is essential in tax administration, as it facilitates trade through the release …
Accounts and records in GST-A Guide by CBEC. Types of accounts and records required to be maintained by every registered person and Period of preservation Accounts and records in GST 1. Assessment in GST is mainly focused on self assessment by the taxpayers themselves. Every taxpayer is required …
Aggregate Turnover in GST-A Guide by CBEC. It is a crucial parameter to decide suppliers’ eligibility to avail benefit of exemption threshold of Rs 20 Lakhs Aggregate Turnover in GST 1. Turnover, in common parlance, is the total volume of a business. The term ‘aggregate turnover’ has been …