Refund procedure for Duty Paid Exports Background- It’s already over six months since the GST was implemented. However, GST return filings are yet to be streamlined. With suspense over continuation of filing of GSTR 2 and ‘matching concept’ there …
Levy of GST on accommodation services, betting and gambling in casinos, horse racing, admission to cinema, homestays, printing, legal services etc. Based on representations received from trade, GST authority has issued clarification through Circular No. 27/01/2018-GST dt 4th January, …
Late Fees under GST A. Provisions relating to Late Fees The section 47 of the GST Act requires the registered person to pay late fees where returns are not filed by due date. The said section read as follows: …
Complete Guide to E-Way Bill under GST E-Way Bill under GST: E-way bill is an electronic document generated on the GST portal evidencing movement of goods. It has two Components-Part A comprising of details of GSTIN of recipient, place …
GST data and Cost Records Annexures to be maintained GST data & Cost Records/Cost Audit Annexures to be maintained as per the headings of Customs Tariff Headings: Four Digit Level or Eight Digit Level MCA has issued one notification …
Process of GST refund filing The GST policy wing has further elaborated on process of refund filing arising on account of inverted duty structure, deemed exports and excess balance in electronic cash ledger vide Circular no. 24/24/2017-GST dated 21.12.2017. …
Employer and Employee In GST Regime 1. GST is not merely confined to external business transactions but also internal transactions between employer and employee. There are two ways of supply :- (a) Supply from Employee to Employer (b) Supply …
ROLE of CMA in GST ERA Non-controversial: needs and truths; effective implementation of GST for Nation building, thrust and role of professionals for the same. Yes the entire word is looking at India for the desired success of getting it’s implemented …
Notification and relevant changes made by CBEC for GST applicability on sale of Used Motor car purchased before July’17 has been noted down. In nut shell there is reduction of 35% from the total Tax+Cess subject to following conditions …
Question 1: Do I still need to file other returns if I have filed GSTR- 3B? Answer: Yes Question 2. I was not able to file GSTR- 3B within the prescribed date. Can I do it now? Answer: Yes, but …