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 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 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
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
[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: 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
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
Government Notified section 132(11) of Companies Act. This part of law provide for the appointment of chairperson and members of NFRA. It is to speed up the implementation of NFRA. Although there is an opposition from CA community for this implementation. The extract of notification
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
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
