Reading Time: 2 minutes GSTR2 : what should a recipient do on his GST return? A receiver taxpayer can do the following in his GSTR2. Analyse the supplier-wise summary of gstr2 all invoices uploaded by the suppliers Against each invoice of the supplier ,receiver taxpayer can tax can take one of four possible actions – Accept,Modify ,Reject and
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Reading Time: < 1 minuteProposed GST on Petroleum and Gas Sector Government of India is keen to reduce the Cascading Effect of taxes causing by non-inclusion of Petrol, Diesel, ATF ( Aviation Turbine Fuel ), Natural Gases and Crude Oil in GST Regime and to make it lucrative investments in the E&P (Exploration and Production) sector and downstream sector,
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Reading Time: < 1 minuteLast date for GSTR1 Filling for july 2017 #BreakingNews 10th Oct is the last date for filing your GSTR1. After 10th Oct, GSTR 1 will not be possible to be filed till 30th Oct , reports @askGSTech #GST #GSTSimplified #WeAndGST Image Credit @askGSTech
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Reading Time: 2 minutesGSTIN or Goods and Services Tax Identification Number is provided to normal taxpayers, casual taxable Entities and non-resident taxable Entities who register for GST. Likewise, GST Unique ID can be allotted by the GST Authorities. this article briefs the GST UIN (Unique Identification Number ). GST UIN ( UID ) vs GSTIN GSTIN ( Goods and Services Tax
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Reading Time: 2 minutesMany of Professionals are facing the “Error Invalid Return Type” ” in GSTR3B Return for as shown in the below image Solution It’s a minor problem and it’s can be fixed in few seconds. just follow the below mention step. To avoid getting this error, please click on the tile ‘Monthly Return GSTR 3B’ to
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Reading Time: 4 minutesDue Dates of GSTR3B for remaining 5 months 2017-18 [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. 34/2017 – Central Tax New Delhi, the 15th September, 2017 G.S.R……(E):- In exercise of
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Reading Time: 4 minutesNotification regarding composition Dealers [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. 34/2017 – Central Tax New Delhi, the 15th September 2017 G.S.R……(E):- In exercise of the powers conferred by section
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Reading Time: 2 minutesTDS under GST section comes Into force Tax Deduction at Source (TDS) is a system, initially introduced by the Income Tax Department. It is one of the modes/methods to collect the tax, under which, a certain percentage of the amount is deducted by a recipient at the time of making payment to the supplier. It
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