Permission to display revised MRP due to Implementation of GST extends up to 31st December, 2017

On account of implementation of GST w.e.f. 1st July, 2017, there may be instances where the retail sale price of a pre-packaged commodity is required to be changed. In this context, Hon’ble Minister for Consumer Affairs, Food & Public Distribution had allowed the manufacturers or packers or importers of pre-packaged commodities to declare the revised … Continue reading Permission to display revised MRP due to Implementation of GST extends up to 31st December, 2017

Clarification on Payment of Service Tax in Transitional Period (GST)

Certain transitional issues arising with respect to payment of service tax after 30th June 2017 have been clarified by CBEC vide circular dated 28-9-2017. It has been clarified that in cases where service was received before 1-7-2017 and payment for the value of the service was also made before 1-7-2017, but the service tax was … Continue reading Clarification on Payment of Service Tax in Transitional Period (GST)

GST Registration Amendment FAQ (Core & Non core fields)

1. Can amendments be made to the information submitted in the Registration Application? Once the applicant is registered under GST, the need for amendments in registration may arise due to several factors such as a change in address, change in contact number, change in business details and so on. In order to amend any information … Continue reading GST Registration Amendment FAQ (Core & Non core fields)

How to amend GST Registration (core fields)

How can I apply for change in core fields of the Registration Applications that were submitted during registration? Amendment to Core fields require approval by the Tax Officials. Core fields include the following: Any change in name of business (if there is no change in PAN) Principal place of business Additional Place of Business (Other … Continue reading How to amend GST Registration (core fields)

GST Revenue Figures – As on 25th September, 2017

The Goods and Services Tax (GST) was introduced on 1st of July, 2017. In the press release dated 29th August, 2017, it was reported that the total revenue of GST paid under different heads for the month of July, 2017 (upto 29th August) was Rs. 92,283 crore. Out of the total GST collection of Rs. 92,283 crore, the … Continue reading GST Revenue Figures – As on 25th September, 2017

FAQ for GSTR 2 : All you need to know

Introduction 1. What is Form GSTR-2? GSTR-2 is the details of inward supplies of goods or services to be furnished by registered taxpayer on a monthly basis. The GSTR-2 would be prepared by registered taxpayer by acting upon on auto-populated details from GSTR-1,5,6, 7,8 filed by the corresponding supplier/ Non-Resident taxable persons/ ISD/ Tax Deductor/ … Continue reading FAQ for GSTR 2 : All you need to know

Order extending date for filing of TRAN-1 under Rule 117 has been issued

F. No. 349/58/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs *** New Delhi, the 21st September, 2017 Order No. 03/2017-GST Subject: Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117 of the Central Goods and Services Tax Rules, 2017 In exercise of … Continue reading Order extending date for filing of TRAN-1 under Rule 117 has been issued

Notification regarding GST rate for branded cereal, pulses and flour

The GST Council, in its 21st meeting held on 9th September, 2017 at Hyderabad has, interalia, recommended that for 5% GST rate on cereals, pulses and flours etc. put up in unit container and bearing a registered brand name: a) A brand registered as on 15.05.2017 shall be deemed to be a registered brand for … Continue reading Notification regarding GST rate for branded cereal, pulses and flour

FORM GST TRAN-1 date extended to 31st October , Order No. 02/2017-GST

F. No. 349/58/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs New Delhi, the18th September, 2017 Order No. 02/2017-GST Subject: Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 120A of the Central Goods and Service Tax Rules, 2017          In … Continue reading FORM GST TRAN-1 date extended to 31st October , Order No. 02/2017-GST

Seventh amendment to the CGST Rules, 2017 Notification No. 34/2017 – CT

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 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the … Continue reading Seventh amendment to the CGST Rules, 2017 Notification No. 34/2017 – CT