The Institute of Cost Accountants of India (ICMAI) has made a representation to the Finance Minister Arun Jaitley containing suggestions for the simplification of returns. Representation letter on the proposals made by the GST Council for Simplification of GST Return. …
Key Features of New Monthly Returns under GST It’s a compulsory return for the large taxpayer (i.e. turnover more than 5cr), this facility would be optional for the small taxpayer. The due date for filing of return shall be …
It has been one year since the country’s switchover to a new indirect taxation system – the Goods and Services Tax. Arun Jaitley One single tax replaced seventeen taxes and multiple cesses imposed by the Central and the State Governments. This …
50 FAQs on GST Registration, Transition and other issues GST REGISTRATION 1. If I buy raw material from a supplier unregistered under GST, do I have to pay GST in RCM and can I avail ITC of the same? Reply …
GST Composition Scheme Question & Answers Student: Good Day Sir, how are you? GLOBAL CMA: Hi , I am doing fine, how about you? Student: Doing Good, So today can you tell me about the Composition scheme under …
Introduction 1. The most awaited Indirect tax reform, Goods and Services tax (GST) was made effective from 01st July, 2017. GST is aimed at making taxation system Good and Simple. In this article, author tries to analyse the impact of GST …
Central Excise Notification no.12/2017 for Exemption of all excisable goods [except petroleum crude, high speed diesel, motor spirit(commonly known as petrol), natural gas, aviation turbine fuel, tobacco and tobacco products] from the whole of the duty of excise leviable thereon …
Procedure for refund of ITC when export is made without payment of IGST Below procedure has been prescribed in CGST rule vide Notification no. 15/Central Tax dt 1.7.17 for refund of accumulated ITC when export is made without payment …
GST Excel Utility fie of GSTR-1 released by GSTN The GSTN has released offline Excel utility file for GSTR-1. This Excel template together with an offline tool will make uploading large numbers of invoice data much easier and quick; …
GST Rates Complete list HSN wise Excel GST Rates Complete list HSN wise Excel [gview file=”http://www.globalcma.in/wp-content/uploads/GST-Rates-Complete-list-HSN-wise.xls” save=”1″]
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