RCM, TDS, and TCS is postponed under GST On the twitter feed of GST-IN Portal, have announced that the RCM, TDS, and TCS is postponed under GST. The tweet mentioned the time period for which the these will be postponed and it will be postponed till end-September.
Live Demo for Filing of GSTR-3B Filing of GSTR-3B is the important return and should also be filed very carefully. Because in this return we utilize the input tax credit and pay the tax liability for the period or month. The government has provided the table in
Last Date for Tran-2 The last date for TRAN-2 is 30th of June 2018. Be quick and file the TRAN-2 as soon as possible. The GST TRAN-2 should be filed very carefully because one mistake may change the credit value to be utilized. The credit
Threshold limit in Assam for Registration Under GST May Change Today right now in the GST conclave for the State of Assam. It has been indicated that most probably the discrimination meted to the North East States. By making threshold limit of registration to be
SRC Updates: Direct Tax Updates 1. ‘Consent Payment’ made by Anil Ambani to SEBI a Business Expenditure U/s 37(1): Mumbai ITAT in the case of DCIT Vs. Anil Ambani while dismissing the appeal of the revenue held that the ‘Consent Payment’ made by the assessee
Refund of penalties in GST: There may be some cases when the penalties are deposited in excess by taxpayers. Whether the refund of penalties in GST deposited wrongly will be available. Let us go through the enabling provision of GST for a refund. Section 54(8) provides
National Conclave on GST: Growing stronger together Indirect Tax Committee of PHD Chamber of commerce is organizing a National Conclave on GST: Growing stronger together. The National Conclave on GST will take place on 29th June 2018 at the PHD house. The very renowned person will be
Deficiency in Formula of Calculation of Max. Refund Amount under Rule 89(5) and Probable Solution Thereof Section 54(3) allows Refund of Unutilized ITC, inter alia, accumulated ITC due to higher rates on inputs than rates on outward supplies. The further refund may be claimed after
Suggestive Ways to Deal ROC Latest Notice STK-5 The Companies which have not filed their Financial Statement (AOC-4 / 23AC, ACA) or Annual Return (MGT-7) for a period of two immediately preceding financial year shall receive the Notice in form STK-5. Before the filing of
Live demo for the filing of GSTR-1 Let us discuss the procedure for the filling of GSTR-1. The full procedure is discussed step by step with the help of live demo for the filing of GSTR-1. The due date for the filing of GSTR-1 is
