As per section 2(78) “non-taxable supply” means a supply of goods or services or both which is not leviable to tax under this Act or under the Integrated Goods and Services Tax Act. A transaction must be a ‘supply’ as defined under the GST law, to qualify as a non-taxable supply under the GST law. The … Continue reading Non GST Supply
Those who have not filled part B of enrolment application and want to withdraw from GST can cancel their provisional registration. Go to GST Portal Login with your user name and password Now Click on cancellation of provisional registration 4. click on check box and do submit.
1. What is GSTR 3B? GSTR 3B is a simplified summary return and the purpose of the return is for taxpayers to declare their summary GST liabilities for the tax period and the discharge of these liabilities in a timely manner A normal taxpayer is required to file GSTR 1, 2, & 3 returns for … Continue reading FAQ for GSTR 3B
Government of India Ministry of Finance (Department of Revenue) (Central Board of Excise and Customs) Notification No. 21/2017 – Central Tax New Delhi, 08th August, 2017 G.S.R. …..(E).— In exercise of the powers conferred by sub-rule (5) of rule 61 of the Central Goods and Services Tax Rules, 2017, read with section 168 of the … Continue reading Notification for filing of GSTR-3B for months of July and August.
1. Turnover, in common parlance, is the total volume of a business. The term ‘aggregate turnover’ has been defined in GST law as under: “Aggregate turnover” means the aggregate value of all taxable supplies (excluding the value of inward supplies on which tax is payable by a person on reverse charge basis), exempt supplies, exports … Continue reading Aggregate Turnover in GST
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
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The Government has received representations from small businesses relating to exemption from GST, reduction in applicable rates of GST, and product and area wise exemptions. The GST rates on supply of goods and services have been notified based on the recommendations of the GST Council. The tax rates on goods have been fixed taking into … Continue reading Reduction/exemption of tax rates under GST for small businesses
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 email@example.com 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
Question 1: If I have multiple manufacturing units in a State/UT, do I have to register all my companies separately or as a group? Answer: You shall be granted a single registration in the State/UT. However, you have the option to take separate registration for each of your business verticals (as defined in section 2(18) … Continue reading FAQ for GST on Food Processing