Service Tax Return for the period of 1st Apr’17 to 3oth Jun’17 to be submitted by 15th August’17

Service tax return rules have been changed for the period of 1st April 2017 to 30th June 2017. Followings are the changes : Service tax return for the period of three months (1st April to 30th June) to be submitted by 15th August 2017. Return for this period can be revised within 45 days from … Continue reading Service Tax Return for the period of 1st Apr’17 to 3oth Jun’17 to be submitted by 15th August’17

Seeks to bring certain sections of the CGST Act, 2017 into force w.e.f. 22.06.2017

Notification No 1/2017- Central Tax G.S.R......(E).—In exercise of the powers conferred by sub-section (3) of section 1 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby appoints the 22nd day of June, 2017, as the date on which the provisions of sections 1,2,3,4,5,10,22, 23,24, 25, 26, 27, 28, … Continue reading Seeks to bring certain sections of the CGST Act, 2017 into force w.e.f. 22.06.2017

REVISED THRESHOLD LIMIT FOR COMPOSITION LEVY

As per discussions in the 16th GST Council Meeting held on 11th June, 2017 Sub section (1) of section 10read with sub-section (2)of the same section of the Central Goods and Services Tax Act, 2017 [CGST Act] provides that an eligible registered person,whose aggregate turnover in the preceding financial year did not exceed Rs.50 lakh, … Continue reading REVISED THRESHOLD LIMIT FOR COMPOSITION LEVY

Declaration of valid GSTIN in Customs documents (BE/SB) would be mandatory w.e.f. 0000 hrs of 01 – 07 – 2017

Declaration of valid GSTIN in Customs documents (BE/SB) would be mandatory w.e.f. 0000 hrs of 01-07-2017, the likely implementationdate of GST, to avail IGST credit on Imports or GST refund on exports. The declared GSTIN would be validated for correct IEC/ PAN linkage. Accordingly, during GSTIN registration, please ensure declaration of correct IEC and the … Continue reading Declaration of valid GSTIN in Customs documents (BE/SB) would be mandatory w.e.f. 0000 hrs of 01 – 07 – 2017