Archives for official clarifications - Page 5
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,…
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…
Recommendations made by the GST Council in its 22nd Meeting held
The GST Council, in its 22nd Meeting which was held today in the national capital under Chairmanship of the Union Minister of Finance and Corporate Affairs, Shri Arun Jaitley has recommended…
Changes in GST Rates for Goods and IGST Rates on Imports of Goods
As per discussions held in the 22nd GST Council Meeting held under Chairmanship of Union Finance Minister Shri Arun Jaitley on 6th October, 2017, the following changes in GST rates for certain…
Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports
Circular No. 8/8/2017-GST has been released by CBEC on 4th October giving the clarity on current situation regarding furnishing of LUT for exports after the release of Notification No.…
Now Letter of Undertaking can be furnished by any exporter
Notification No. 37 /2017 – Central Tax has been issued whereby it has been notified that now the Letter of Undertaking can be furnished by any registered person in place…
Facility to opt out from composition scheme enabled
It has been announced by GSTN that now the facility to opt out from composition scheme has been made available on the common portal. So taxpayers waiting to opt-out can…
GST Tech FAQ’s for guidance to amend the fields on GST Portal
Read various FAQs released by GSTN on Twitter through its GST Tech Twitter handle. These FAQs guide taxpayers for amending various fields on GST Common Portal.