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Letter to PM on shortcomings/suggestions on GST by BHARTIYA UDYOG VYAPAR MANDAL
A Letter to PM on shortcomings/suggestions on GST by Bhartiya Udyog Vyapar Mandal. In this letter issues in GST are discussed. Some suggestions to make it better are also covered. Memorandum on GST it’s Shortcomings/Problems and Suggestions Dear Sir, With reference to above please accept the
India At Last Finding Some Ways to Regulate Imports
Curbs on Non-Essential Goods: Ways to Regulate Imports Imports are foreign goods and services that are produced in a foreign country and sold to domestic residents of a country. If a country imports more than it Exports it runs a Trade Deficit. When a country has a trade deficit,
S N PanigrahiUpdate Regarding Hon’ble Bombay High Court
An Update Regarding Hon’ble Bombay High Court 1. Rule 89(5) – In Shree Traders vs Union of Indian & Ors. (WP No. 12453 of 2019)- The petitioner is engaged in business of supplying goods on online portals such as myntra, flipcart, etc. The charges etc
Due date of filing of GSTR-3B extended
Due date of filing of GSTR-3B for the month of November 2019 has been extended to 23/12/2019.
Download PPT on Introduction of New Returns Scheme
Introduction of New Returns Scheme: A PPT by CA Vinamar Gupta. In this PPT he has covered the provisions related to new return of GST. You can download it from the following link. 3rd Revised PPT on New Returns Scheme-CA Vinamar Gupta (1)
Notification No. 68/2019 – Central Tax dated 13-12-2019
Notification No. 68/2019 – Central Tax New Delhi, the 13th December, 2019 G.S.R……(E). – In exercise of the powers conferred by
15 suggestions on GST RETURNS, PROCEDURES, LAW & POLICIES – December 2019
PART A – Suggestions on IDEAL RETURN FILLING PROCEDURE under GST PART B – SUGGESTIONS for SIMPLIFICATION OF GST LAW & POLICIES PART C – SUGGESTIONS FOR Increase in Government Revenue ___________________________________________________________________________________________________________ PART A – Suggestions on IDEAL RETURN FILLING PROCEDURE which provide ease in return
ALL JOB WORK RATES SUMMARISED
ALL JOB WORK RATES SUMMARISED – AFTER OCTOBER 2019 NOTIFICATION CHANGED RATES OF JOB WORK JOB WORK RATE 5% – 1.Services by way of JOB WORK OF GOODS BELONGING TO ANOTHER REGISTERED PERSON in relation to- (a) Printing of newspapers; (b) Textiles and textile products falling under Chapter 50
ITC restricted to 10% of 2A, No resolution for qtrly filers, impact with example
Impact of ITC restricted to 10% of 2A GST council meeting took a decision for ITC restricted to 10% of 2A. Rule 36(4) of CGST Rules already reduced the ITC limit to 2015 of eligible. Now it is further reduced to 10%.The impact of this provision
CA Shafaly GirdharwalBig blow for non filers of GSTR 1
Big blow for non filers of GSTR 1 GST council meeting ended with relaxation. But it results in pain to non filers of GSTR 1. GSTN portal was not asking for late fees on GSTR 1. Although there is a provision for the same in
CA Shafaly GirdharwalNEFT services will be available 24×7 from 16th December 2019 onward
RBI circular says that NEFT services will be available 24×7 RBI has issued a circular to make NEFT services 24×7. The text of notification is following. Please refer to our circular DPSS (CO) RPPD No.510/04.03.01/2019-20 dated August 30, 2019, regarding the availability of NEFT on
Blocking of E way Bill w.e.f. 01-12-2019
Introduction: 1. As per Rule 138E, non furnishing of CMP-08 for 2 consecutive quarters shall result in blocking of E way bill for Composition Dealers. CMP-08 for April to June 2019 was required to be filed till 31-08-2019 (N/N 35/2019- CT dated 29-7-2019) and CMP-08