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Clarification on GST refund by CBEC
Clarification on GST refund by CBEC The refund of the ITC on the the export taken by the exporters. The input tax credit taken by the exporters for the export is refundable. But the most of the people/exporters are not be able to claim the
To Do list before 31st March,2018 in GST
To Do list before 31st March,2018 in GST Soon the first financial year for the GST will be ending and there are so much confusion regarding the closing of the financial year. There are many things to do under GST before the date. Lets have
Provisions for Charitable and Religious trust under GST
Provisions for Charitable and Religious trust under GST There are so much conflict for tax liability of the charitable and religious trust under GST. The major conflict are why are they liable to pay tax under GST while they are not performing any taxable supply
No RCM on purchase from URD till June 2018
CBEC has postponed the provisions of RCM via Notification No. 10/2018 – Central Tax (Rate) till June 2018. Text of notification is reproduced here: [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)] Government of India Ministry of Finance
CGST Rules 3rd amendment Act 2018: 14/2018 CT
[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. 14/2018 – Central Tax New Delhi, the 23rd March, 2018 G.S.R……(E). – In
Challan for movement of Goods by job worker
Challan for movement of Goods by job worker: In their notification no. 14/2018 CT cbec has clarified for the document by job worker. CGST 3rd amendment rules 2018 have inserted this provision.Following cases are covered in this provision: When goods are sent from one job
CA Shafaly GirdharwalDue date for GSTR 3b from April to June
Due date for GSTR 3b from April to June: Sl. No Month Last date for filing of return in FORM GSTR-3B 1. April, 2018 20th May, 2018 2 May, 2018 20th June, 2018 3. June, 2018 20th July, 2018 Payment of taxes for discharge
CA Shafaly GirdharwalFORM GST TRAN 2: Be careful of these things
Why a taxpayer is required to file FORM GST TRAN 2: Proviso to Section 140(3) of CGST Act provided for the benefit of input tax on stock for dealers not registered in Excise.The similar provision in State GST Act provided for the benefit in case
CA Shafaly GirdharwalGST on Underwriting
GST on Underwriting Facts First party is a builder Second party enter into an underwriting arrangement to sell builder’s property before construction completion (Before local government agency issues occupancy or completion certificate to builder) Second party gives a security deposit to first party amounting to
GST ComplianceImportant issues in GST refund resolved
Important issues in GST refund resolved In a recent circular cbec has clarified on various important matters related to refund in GST. We all know that exporters are stuck with their money in government’s account. There is a lot of dust on various issues. In
CA Shafaly GirdharwalHow to change status from/to SEZ in GST registration
How to change status from/to SEZ Many taxpayers get registered as an SEZ mistakenly and now want to shift to normal.On the other side many taxpayers registered as a normal taxpayer. Both of them face the consequences because in first case their supply will become
Five sets of data for transitional credit in GST
Five sets of data for transitional credit in GST 1. Data 1: This annexure contains the TRAN-1 data (GSTIN wise) in respect of top 50,000 taxpayers in the order of TRAN Credit availed and as populated in individual tables of form TRAN-1. It also contains