Reading Time: 3 minutes Cancellation of GST Registration Cancellation of GST Registration is now available on GST portal for the New taxpayers registered after 1st July 2017 The facility is available
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Reading Time: 5 minutes GST | Refund of IGST paid on Export of Goods and Services Conditions to be fulfilled by taxpayers for getting the Refund of IGST paid on Export of Goods and Services GSTR-1 for the month of July or Table
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Reading Time: 3 minutesUAE VAT | Effective Date | Rate | Effects The beginning of a new era in the UAE with the introduction of a Value Added Tax (VAT) regime, a new chapter in the history of the UAE economy, the general public will bear the burden of budgetary expenditure, starting today (January 1, 2018). Federal Tax
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Reading Time: 2 minutesLatest Changes for GST Composition Dealers Two Important changes have been made for GST Composite Dealers w.e.f 1st January 2018 1 : Manufacturers under composition scheme had to pay 2% tax till now but from 1st January 2018, they will 1% GST .which included 0.50 % CGST and 0.50 % SGST. Thus the different Tax rate
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Reading Time: 3 minutesRectification of Omissions, Errors during filing of GST Return The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017, has taken certain decisions in regard to filing of returns by taxpayers ,further a detailed Circular No. 26/26/2017-GST Dated the 29th December 2017 has been issued, in which they are clarifying regarding various
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Reading Time: 2 minutes Due Date for GSTR-1 for Q-2 FY 2017-18 is extended by 10th Jan 2018 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) [Central Board of Excise and Customs] Notification No. 71/2017 – Central Tax
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Reading Time: 2 minutesGSTN’S Plan to provide free Billing and Accounting Software to Small and Medium Businesses Small and Medium Business are demanding support from Government for the Accounting software as the several small taxpayers unable to afford Popular Accounting and Taxation Software Like Tally,Busy , Marg Etc because starting range for these software are from Rs 20000.00
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Reading Time: 2 minutesGST E-way Bill applicable date 1st Feb 2018 The 24th Meeting of the GST Council held today through video conference under the Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley. It discussed about the implementation of e-way Bill system in the country. Till such time as the National e-way Bill is
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Reading Time: < 1 minuteMany tax payers who made mistakes in GST TRAN-1 . now the can rectify the mistakes ,I line to fulfil the market requirement now Government of India has enabled the revision option on the common portal. If any taxpayer have a closing stock -whether registered or not before GST, is eligible to claim Input Tax Credit
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Reading Time: 2 minutesOn high demand from taxpayers and consultants ,government of India has announced today that the Late Fee would be waived off for the dealers who had not furnished GSTR-3B return for August and September, 2017 by the due date. The Finance Ministry Mr Arun Jaitly tweeted that “To facilitate taxpayers, late fee on filing of GSTR-3B
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