Utilization of Electronic Cash and Input Tax Credit (ITC) Ledger

1. After submitting the GSTR-3B return, I was trying to make payment of the tax and was trying to offset my liability from the Electronic Cash Ledger; however I faced error. On what basis can I utilize the balance in Electronic Cash ledger? The utilization of Cash from Electronic Cash Ledger is done on the … Continue reading Utilization of Electronic Cash and Input Tax Credit (ITC) Ledger

GSTR 3B return due date extend with Conditions

[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. 23/2017 – Central Tax New Delhi, the 17th August, 2017 G.S.R. ( )E.:- In exercise of the powers conferred by section … Continue reading GSTR 3B return due date extend with Conditions

Clarification regarding availability of Transitional Credit for GST

As per the rules, the Goods and Services Tax (GST) for the month of July 2017 has to be paid by 20th August, 2017. Only after the payment of full GST, return in summary Form 3B can be filed. Concerns have been raised about the form for claiming transitional input tax credit not being available … Continue reading Clarification regarding availability of Transitional Credit for GST

Decisions taken on Services at 20th GST Council Meeting on 5 August, 2017

    S. No Description of service From To 1 Job work services in respect of the textiles and textile products (including MMF yarn, garments, made-ups, etc. falling in Chapters 50 to 63) 18%/5% 5% 2 Services by way of printing of newspapers, books (including Braille books), journals and periodicals where only content is supplied … Continue reading Decisions taken on Services at 20th GST Council Meeting on 5 August, 2017

Government sets up two call centres to cater to the queries relating to GST

Government has set up two call centres being run for the purpose of catering to queries of taxpayers and stakeholders in GST. i. Call centre on GST Application software prepared by GSTN, is being run by GSTN. Phone number is 0120-4888999 and email id is helpdesk@gst.gov.in ii. CBEC Mitra Helpdesk for replying to queries related … Continue reading Government sets up two call centres to cater to the queries relating to GST

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