Category: GST
GST-Refund of unutilised Input Tax Credit (ITC) A Guide by CBEC Accumulation of Input Tax Credit happens when the tax paid on inputs is more than the output tax liability. Such accumulation will have to be carried over to the next financial year till such time as it …
GST on Educational Services – Guide by CBEC “Education” is not defined in the CGST Act but as per Apex Court decision in “Loka Shikshana Trust v/s CIT”, education is process of training and developing knowledge, skill and character of students by normal schooling. Taxing the Education Sector …
Steps in using latest version of GSTR-2 offline tool 2.0 1. Log in to GST Portal, click on “Returns Dashboard”. Select return period, on the next screen select “Prepare Offline” on the GSTR-2 returns file. 2. Navigate to download section and download data for GSTR-2 return preparation by …
GST Late fee being observed in September return is actually a carry forward of late fee of the return filed for the month of August. Any late fee left unpaid from previous tax period will be carried forward to next tax period . The calculation is done as …
GST-FAQ GSTR-3B Return Revision and Late filing. Traders are required to file other returns also if filed GSTR-3B.No waiver of late fee for August 2017 GST-FAQ GSTR-3B Question 1: Do I need to file other returns if I have filed GSTR-3B? Answer: Yes Question 2: I was not …
Composition Scheme available to person providing exempted services. Central Goods and Services Tax (Removal of Difficulties) Order 2017. Government of India Ministry of Finance (Department of Revenue) New Delhi, the 13th October, 2017 THE CENTRAL GOODS AND SERVICES TAX (REMOVAL OF DIFFICULTIES) ORDER, 2017 Order No. 01/2017-Central Tax S.O. …
GST Tweet FAQ-nation-wide e-way bill system, filing GSTR-2, TCS deduction by e-commerce operator and credits of various cesses under GST Question 1: can an e-commerce operator start deducting TCS payments made to suppliers? Answer: No the operationalisation of TCS registration and collection under GST has been put on hold …
GST rate for Walkie Talkie Sets-Radio Trunking Terminal and two-way radio (Walkie Talkie) used by defence, police and paramilitary forces GST: You asked, We Answered Series FAQ Question: What is the GST rate for Walkie Talkie Sets/Radio Trunking Terminal ? Answer: Walkie Talkie Set/Radio Trunking Terminals fall under …
HS Code and GST rate for stick file and document bag of plastic or certificate bag of plastic is 3926 they attract 28% GST GST: You asked, We Answered Series FAQ Question: What is the HS Code classification and GST rate for stick file of plastic, document bag …
HS Code and GST rate for babies Wipes covered with soap or detergent coated or covered with perfume or cosmetic GST: You asked, We Answered Series FAQ Question: What is the HS Code and GST rate for babies Wipes? Answer: As per the HSN Explanatory notes paper, wadding, …
