Author Archives: taxgrid - Page 7
ITC-01 enabled on GST portal for availing ITC in various cases
ITC 01 is now enabled on portal for availing Input Tax Credit in various situations like the one illustrated below: Registered persons whose exempt supply of goods and/or services become…
GST on College Hostel Mess Fees
Many Educational institutions have mess facility for students within the premises which is either run by the institution/ students themselves or is outsourced to a third person. Any supply of…
No extension of last date for filing GSTR1
Rumours are being spread on social media regarding the extension of the last date for filing of Form GSTR-1. Also, the fake document numbered as Notification - Central Tax is…
Clarifications regarding levy of GST on services like accommodation, betting
Clarifications regarding levy of GST on accommodation services, betting and gambling in casinos, horse racing, admission to cinema, homestays, printing, legal services etc. Representations were received from trade and industry…
When will errors rectified in GSTR3B will be reconciled?
The government notified the FORM GSTR-3B in order to collect taxes in the absence of FORM GSTR3. It was communicated by the government that the summarized data of inward and…
Changes in tax rate for composition suppliers
Tax rate for composition suppliers have been changed vide Notification No. 1/2018- Central Tax as follows. Taxrate for manufacturer have been decreased from one percent to half percent. For suppliers of…
Read if you are going to continue using TaxGrid in 2018
Hey guys, 2017 was great and we look forward to improving in 2018 to be exactly what helps you. For this, we need your help. Please fill this short 2-minute form…
GST on certain services provided by Co-operative Housing Societies
There are certain questions which have always been asked in respect of the impact of indirect taxation on Co-operative societies. In this short Question section we intend to aim at…
Date for Filing GSTR1 for taxpayers with turnover more than 1.5 crore extended
The due date for filing FORM GSTR1 by taxpayers with turnover more than Rs crores has been extended vide Notification No. 72/2017 – Central Tax. Now the GSTR1 for the period…
Date for Filing GSTR1 for taxpayers with turnover upto 1.5 crore extended
The due date for filing FORM GSTR1 by taxpayers with turnover less than Rs crores who have chosen to file the quarterly return has been extended vide Notification No. 71/2017 –…