Category: GST

Processing of GST refund application for UIN entities-Clarification. Such entities are not registered person. Grant of UINs enable them to claim refund of GST  The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017, had decided that the entities having Unique Identity Number (UIN) …

Recommendations regarding Data Analytics made during the 26th meeting of the GST Council  In the 26th meeting held here today , the GST Council has been apprised of the fact that CBEC and GSTN have started detailed data analytics across a number of data sets available with them. The …

Recommendations regarding E-way Bill made during  meeting of the GST Council  In the 26th meeting held here today , the GST Council has recommended the introduction of e-way bill for inter-State movement of goods across the country from 01st April 2018. For intra-State movement of goods, e-way bill system …

GST Reverse charge mechanism deferred till 30.06.2018 as per recommendations made in 26th meeting of the GST Council. Highlights of the decisions taken   I. Return filing System The present system of filing of GSTR 3B and GSTR 1 is extended for another three months i.e., April to June, …

26th Meeting of the GST Council meets & decides Extension of tax exemptions for exporters for six months  Sending a strong positive signal to the exporting community, the GST Council in its 26thmeeting held here today decided to extend the available tax exemptions on imported goods for a …

Existing system of filing GST returns to continue for another 3 months. Introduction of e-way bill across country from 1st April, 18-Decisions taken at 26th GST Council Meeting  Existing system of filing returns has been extended for another 3 months and meanwhile, GOM on the IT will look …

Due date for filing forthcoming GST Returns GSTR-1 and GSTR-3B-CBEC Advisory  for taxpayers GSTR-3B RETURN (Monthly) Return Period Due date February-2018 20th March, 2018 March-2018 20th April, 2018 Pay Tax by 20th of the Succeeding Month GSTR-1 RETURN (Quarterly) Aggregate Turnover < Rs. 1.5 crore Return Period Due date …

Facility for Cancellation of Provisional Registration by migrated taxpayers has been enhanced on the GST Portal. Now migrated taxpayers, who have made payments/issued invoice/filed other forms, will be stopped from cancelling their Provisional Registration. This enhancement will avoid inadvertent cancellations of registration by the Migrated Taxpayers. In case, …

Refund of integrated tax paid on account of zero rated supplies-Flyer by NACIN With a view to sensitize the trade on the issue of IGST refund National Academy of Customs, Indirect Taxes & Narcotics (NACIN) Mumbai has developed a flyer on ‘Refund of integrated tax paid on account of …

GSTR-5A late fee waiver notification rescinded. Now furnishing of Form GSTR-5A after due date shall attract prescribed late fee. Central Board of Excise and Customs (CBEC) vide Notification No. 6/2018-Central Tax New Delhi, the 23rd January, 2018  had waved the amount of late fee payable for failure to …