Archives for October, 2017 - Page 2
Can GSTIN of supplier, invoice number, & POS be modified from the invoice details in GSTR2 by the receiver?
Answer: The GSTIN of the supplier, invoice number, date, reverse charge flag & POS cannot be modified, in the invoice details. If one wants to change these fields one has…
GST-Frequently Asked Questions
Read answers to some of the common questions being asked by taxpayers below.
What is the last date for filing Return by person registered under Composition Scheme
Taxpayers registered under composition scheme in GST have been continuously raising query regarding the last date of filing GSTR-4. Answer - As per Section 39(2) of Central Goods and Services…
Central Goods and Services Tax (Ninth Amendment) Rules, 2017
CBEC issues Notification No. 45/2017 – Central Tax– notifying the Central Goods and Services Tax (Ninth Amendment) Rules, 2017. Some interesting amendments have been made in the new set of…
FAQs with regard to new return filing mechanism for taxpayers with turnover less than 1.5 crore
Got any questions with regard to the new mechanism of return filing for taxpayers with turnover less than crores? Find the answers below and comment if still, any question goes…
GSTR-6 filing time limit extended till 15 November
CBEC issues Notification No. 43/2017 – Central Tax – notifying the extension of time limit for furnishing the return by an Input Service Distributor in FORM GSTR-6 for the months of…
Notification regarding payment of tax on issuance of invoice by registered persons having aggregate turnover less than Rs 1.5 crores
CBEC issues Notification No. 40/2017 – Central Tax, notifying the following: In exercise of the powers conferred by section 148 of the Central Goods and Services Tax Act, 2017 (12…
Notification issued exempting the intra-state procurement from unregistered dealers for the whole amount
CBEC issues Notification No. 38/2017 – Central Tax (Rate), by which the intra-State supplies of goods or services or both received by a registered person from any supplier, who is not registered,…
Read about Anti-Profiteering measures
Why Anti-Profiteering Measures? 17th July 2000 was the day when the seeds were sown for the newly established indirect taxation reform GST (Goods and Services Tax) and finally after 17 years…
GST rate structure for Petroleum and Oil Sector
To reduce the cascading of taxes arising on account of non-inclusion of petrol, diesel, ATF, natural gas and crude oil in GST and to incentivise investments in the E&P (exploration…