Simplified Returns under GST – Key Features The GST Council in its 28th GST Council Meeting held on July 21, 2018 under the Chairmanship of Shri Piyush Goyal, Union Minister for Railways, Coal, Finance & Corporate Affairs has approved the new return formats. The Council had earlier approved the basic principles of GST return design […]
GST taxpayers look forward to simplified filing forms – 36 returns to 12 In the 27th GST council meeting, one of the most notable announcement was that the government was considering a simplified return filing system, where input credit would be system driven. This system will be implemented gradually after trial, allowing sufficient time for […]
Refund process for IGST Paid on Export of Goods The Refund process for IGST paid on export of goods has been fully automated and facility has been made available on the dashboard of taxpayer to track status of transmission of Invoice data to ICEGATE system of Customs.
Still confused about your GST Jurisdiction Goods & Service Tax, India’s biggest tax reform is going to complete its first anniversary in next 45 days but still many of us are confused in respect to our jurisdictional offices of GST .
GST Action Points for Current Financial Year The first financial year of GST regime is coming to an end next week on 31.03.2018. This is also the year of transition or migration of old indirect tax regime (VAT, Service Tax, Central Excise and other taxes) into goods and services tax regime (GST).
Determination of Time of Supply of Goods The liability to pay tax arises at the Time of Supply of Goods, time of supply is determined as per the below provisions: Time of Supply of Goods shall be earlier of the following dates: Date of Invoice – Invoice should be issued either before or at the […]
Online filing of Letter of Undertaking under GST Much awaited process: ‘Filling of Letter of Undertaking under GST in now became online’. This is surely a good step towards automation of process under GST.