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

Cabinet expresses Gratitude to State CMs and others for their cooperation in introduction of GST

The Union Cabinet chaired by the Prime Minister Shri Narendra Modi has passed a resolution expressing gratitude to Chief Ministers of States and others for their cooperation in introduction of GST. “GST is the biggest tax reform in independent India. It is one of the most sweeping indirect tax reforms in any federal polity in … Continue reading Cabinet expresses Gratitude to State CMs and others for their cooperation in introduction of GST

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

All States/UTs except the State of Jammu & Kashmir, approves the State GST Act

As of today, all the States and Union Territories (having assemblies), except the State of Jammu & Kashmir, have approved the State Goods and Services Tax (SGST) Act. The State of Kerala issued an Ordinance today approving State GST Act while the State of West Bengal had issued an Ordinance in this regard on 15th … Continue reading All States/UTs except the State of Jammu & Kashmir, approves the State GST Act

ASSESSMENT AND AUDIT RULES AND FORMATS

1. Provisional Assessment (1) Every registered person requesting for payment of tax on a provisional basis in accordance with the provisions of sub-section (1) of section 60 shall furnish an application along with the documents in support of his request, electronically, in FORM GST ASMT-01 on the Common Portal, either directly or through a Facilitation Centre notified by the … Continue reading ASSESSMENT AND AUDIT RULES AND FORMATS

Cabinet Secretary reviews preparedness for smooth roll-out of GST with effect from 1st July, 2017

The Cabinet Secretary Shri P.K.Sinha today took a detailed review of the preparedness for the roll-out of Goods and Services Tax (GST) from 1st July 2017. In a Review Meeting attended by the Secretaries of 30 Ministries/Departments of the Central Government connected with GST, and video conferencing with CMDs/CEOs of about 167 Central Public Sector … Continue reading Cabinet Secretary reviews preparedness for smooth roll-out of GST with effect from 1st July, 2017

Required Documents for GST Registration

Documents which need to be uploaded on GST Portal during registration  1) Proof of Constitution of Taxpayer  In case of Partnership firm - Partnership Deed of Firm In case of Others- Registration Certificate of the Business Entity 2) Photograph of Promoters (Directors)/ Partners/ Proprietor/  Karta of HUF 3) Proof of Principal Place of Business       … Continue reading Required Documents for GST Registration

17th GST Council meeting highlight, government ready to roll out GST from July 1

Input from 17th GST Council meeting held at New Delhi on 18 June 2017- The official launch of the GST will take place on the midnight of 30th and 1st at a function in Delhi Council decided that for 1st two months of GST, tax would be payable on a simple return Return will contains … Continue reading 17th GST Council meeting highlight, government ready to roll out GST from July 1

GST roll out from July 1 with Relaxation in return filing for 2 Month

With the objective of ensuring smooth roll out of GST and taking into account the concerns expressed by the trade and industry regarding filing of the returns in GST regime, it has been decided that, for the first two months of GST implementation, the tax would be payable based on a simple return (Form GSTR-3B) … Continue reading GST roll out from July 1 with Relaxation in return filing for 2 Month