Applicability of GST in December, 2017 Examination NOTIFICATION – ICSI

Notification |Date - 18th July 2017 FOR STUDENTS APPEARING IN DECEMBER, 2017 EXAMINATION EXECUTIVE PROGRAMME ICSI With the implementation of Goods & Services Tax from July 1, 2017, the students of Executive Programme are hereby notified that Part B (Marks 30) of the syllabus for Tax Law and Practice Paper (Module - 1 Paper - … Continue reading Applicability of GST in December, 2017 Examination NOTIFICATION – ICSI

Central Goods and Services Tax (Fourth Amendment) Rules, 2017

Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 17/2017 – Central Tax New Delhi, the 27th July, 2017   G.S.R. ( )E.:- In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government … Continue reading Central Goods and Services Tax (Fourth Amendment) Rules, 2017

List of Authorized Banks for Net Banking and Over the Counter Payments for GST

List of Authorized Banks for Net Banking and Over the Counter Payments 1. ALLAHABAD BANK 2. ANDHRA BANK 3. BANK OF BARODA 4. DENA BANK 5. BANK OF INDIA 6. CENTRAL BANK OF INDIA 7. CANARA BANK 8. CORPORATION BANK 9. HDFC BANK 10. IDBI BANK 11. ICICI BANK LTD 12. INDIAN BANK 13. INDIAN … Continue reading List of Authorized Banks for Net Banking and Over the Counter Payments for GST

Download GST Returns (GSTR 1) Offline Tool Version V1.0

Returns Offline Tool Version V1.0 Download, extract and run the GST Offline Tool to collate and upload the invoices and other data in offline mode. Download here -  gst_offline_tool    gst_offline_tool.zip will contain following four files Sample_files Offline Tool User Manual Readme GST Offline Tool 1. Read the file Readme.txt before proceeding for installation. Double Click on GST Offline … Continue reading Download GST Returns (GSTR 1) Offline Tool Version V1.0

FAQs regarding filing GSTR 1 & GSTR 2A Returns online

GSTR1 1. Who is required to file the GSTR 1? Every registered taxable person, other than an input service distributor/compounding taxpayer/TDS Deductor/TCS Collector is required to file GSTR 1 electronically the details of outward supplies of goods and/or services during a tax period. 2. Is GSTR 1 filing mandatory? GSTR 1 needs to be filed … Continue reading FAQs regarding filing GSTR 1 & GSTR 2A Returns online

TDS to be applicable on service amount excluding GST

The Central Board of Direct Tax has clarified that if GST amount is mentioned separately in contract or invoices tax shall be deducted at source on service amount excluding GST. Illustration : Company A Pay office rent to Company B. Company B raise a invoice to Company A. Rent = 1,00,000/- GST @18% = 18,000/- … Continue reading TDS to be applicable on service amount excluding GST

Organized traders and unorganized sellers in Textile Sector have not been affected by the GST

In reply to a Starred Question in Rajya Sabha on 18th July 2017, the Union Minister for Finance, Defence and Corporate Affairs, Shri Arun Jaitley said that the organized traders and unorganized sellers in Textile Sector have not been affected by the Goods and Services Tax (GST). Shri Jaitley said that the GST rate structure for … Continue reading Organized traders and unorganized sellers in Textile Sector have not been affected by the GST