Day: September 1, 2017

Reconciliation of information furnished in FORM GSTR-1 and FORM GSTR-2 with FORM GSTR-3B & Amendment

September 1, 2017

To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) The Principal Director Generals/ Director Generals (All) Subject: System based reconciliation of information furnished in FORM GSTR-1 and FORM GSTR-2 with FORM GSTR-3B -regarding Sections 37, 38 and section 39 of the CGST Act, 2017(hereinafter referred to as ‘the Act’) read with rules […]

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GSTR 3B-JULY 2017 LATE FEE WAIVED

September 1, 2017

G.S.R. ( )E.:- In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby waives the late fee payable under section 47 of the said Act, for all registered persons who failed to furnish the […]

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GST MAY IMPACT ON DIRECT TAX COLLECTION

September 1, 2017

Finance Minister Arun Jaitley on Wednesday said that the Goods and Services Tax (GST) is bound to impact the direct tax collection as well due to the increased detection technology and greater compliance. “To claim input tax credit under GST, people need to disclose their volume of transactions. There is bound to be a corresponding […]

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