Gist of GST notifications effect to recommendations GST Council meeting The GST Council on October 6, 2017, has introduced slew of reforms in its 22nd meeting held at New Delhi, amidst the anomalies going on in the Trade and Industry on various critical provisions of GST Law and Rules made there under GST notifications. To […]
Latest FAQS about GSTR Forms,due dates,Input Credit,RCM and GSTR 2A Q 1. What about GSTR Forms due date for filing of FORM GSTR-1, for the month of August? Ans: The Due date for August will be notified soon. Q 2. If income is nil, are returns mandatory? Ans: Yes, once you are registered, filing of […]
Top 10 Questions of GSTR-2 and GSTR-2A Due date for filing GSTR-2 return for the month of July- 31st October, 2017 1. What is GSTR 2A? Ans. GSTR- 2A is an auto generated return of inward supplies. When your suppliers who are registered under GST file their GSTR- 1 of outward supplies (and various other […]
Exporters to get GST refund in bank account filed with customs The government has decided to give GST refund to exporters in the bank accounts they have filed with the customs department and not in those they have mentioned in the GST registration forms.
MCA Limits Layering of Subsidiaries by Companies The Ministry of Corporate Affairs (‘MCA’) on September 20, 2017 notified the proviso to Section 2(87) of the Companies Act, 2013 (‘Act’) and the Companies (Restriction on the number of layers) Rules, 2017 (‘Layering Rules’). Prior to said notification, the restriction on the numbers of subsidiaries as specified […]
GST Council bringing real estate under its ambit Identifying real estate as the one sector where maximum amount of tax evasion takes place, Finance Minister said there was a strong case to bring real estate under GST. The matter will be discussed in the next meeting of the GST, which will be held on November […]
What a receiver taxpayer can do in his GSTR 2? A RECEIVER TAXPAYER CAN DO THE FOLLOWING IN HIS GSTR 2 1. See the supplier-wise summary of all invoices uploaded by supplier taxpayer 2. Against each invoice of the supplier, receiver taxpayer can take one of four possible actions – Accept, Modify, Reject, and Keep […]