Indirect tax

Clarification for OEM owned moulds and dies sent on FOC basis

June 10, 2018

Circular No. 47/21/2018-GST 08th June, 2018 Important clarification for OEM owned moulds and dies sent on FOC basis Issue:-Whether moulds and dies owned by Original Equipment Manufacturers (OEM) that are sent free of cost (FOC) to a component manufacturer is leviable to tax and whether OEMs are required to reverse input tax credit in this […]

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CBIDT made easy filing of LUT for Exporters

April 6, 2018

F. No. 349/82/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs (GST Policy Wing) *** New Delhi, April 6, 2018 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners/ Commissioners of Central Tax (All) / The Principal Director Generals / Director Generals (All) Madam/Sir, Subject: […]

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Clarification issued on GST refund issues

March 17, 2018

Board vide Circular No. 17/17/2017 – GST dated 15th November 2017 and Circular No. 24/24/2017 – GST dated 21st December 2017 clarified various issues in relation to processing of claims for refund. Since then, several representations have been received seeking further clarifications on issues relating to refund. In order to clarify these issues and with […]

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Updated schedule of CGST rates on goods, as on 15.11.2017

November 17, 2017

The CGST rates on certain goods have undergone changes since the introduction of GST. The rate changes are given effect through amending notifications issued from time to time. A need has been felt to publish a consolidated rate schedule in a single document for ease of reference. Accordingly, this document has been prepared indicating updated […]

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Extension of time limit for submitting the declaration in FORM GST TRAN-1

October 29, 2017

F. No. 349/58/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs *** New Delhi, the 28th October, 2017 Order No. 08/2017-GST Subject: Extension of time limit for submitting the declaration in FORM GST TRAN-1F. No. 349/58/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of […]

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PROCESS TO FILE GSTR 2

October 22, 2017

*STEPS TO FILE GSTR 2* 1. Log in to the GST portal with valid credentials (User Id, Password). 2. Navigate to the GSTR 2 home page through >Return Dashboard> Select Financial Year(2017-18) and Return Filing Period and click on Search button> Click on PREPARE ONLINE option on GSTR 2 tab. 3. You will find 12 tiles […]

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GSTR-3B SEP 2017

October 15, 2017 Read More

Key Proposals by GST Council in its 22nd Meeting held on 06 OCT 2017

October 7, 2017

Key Proposals by GST Council in its 22nd Meeting held on 06 OCT 2017: (Source: Press Releases, dt.06-10-2017). 1. GST Rates reduced significantly on 27 Goods & 12 Services. 2. Turnover for composition scheme raised from ₹75 Lac to ₹ 1 Crores except the special category States but the turnover threshold for the states of […]

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GST-Letter of Undertaking in place of a Bond

October 5, 2017

G.S.R….(E).- In exercise of the powers conferred by section 54 of the Central Goods and Services Tax Act, 2017, and section 20 of the Integrated Goods and Services Tax Act, 2017, sub-rule (5) of rule 96A of the Central Goods and Services Tax Rules, 2017, and in supersession of notification No. 16/2017- Central Tax, dated […]

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Edit, submit & file GSTR 3B for July 2017

September 23, 2017

Now you can edit, submit & file GSTR 3B for July 2017 Taxpayers who have not set off their tax liability for GSTR 3B for July 2017 and have only done *‘Submit’* of their GSTR 3B, have now been given option to edit, submit and file their Returns. Some of relevant provisions of 3 B […]

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