Archives for News - Page 12
Last Date for Payment of Gst and Filing of Return For July 2017 Extended
News about the tweet regarding extension of date was just posted on . Relevant press release has also been released by government. Same can be found below, It is expected…
Last date for payment of GST and filing of return for July 2017 extended by 5 days
GST Council just tweeted that the last date of filing return GSTR-3B has been extended by 5 days. Press release will follow soon and will be updated on . The…
Filing of GSTR-3B and transitional credit
Following Infographic was released on twitter today CBEC to bring more clarity among taxpayers:
Letter to State finance ministers to reduce burden of Value Added Tax on Petroleum Products
Finance Minister Sh Arun Jaitley writes to State Chief Ministers to reduce burden of Value Added Tax on Petroleum Products used for manufacturing PIB notified today that The Union Minister…
Condition for furnishing the return in FORM GSTR-3B
CBEC has notified the conditions for furnishing the return in Form GSTR-3B You can read the notification below and the TaxGrid analysis of the following impact will follow soon. Be…
Central Goods and Services Tax (Fifth Amendment) Rules, 2017 notified
CBEC has notified Central Goods and Services Tax (Fifth Amendment) Rules, 2017 via Notification No. 22/2017 – Central Tax. You can read the notified amendment rules below and the TaxGrid…
Clarification regarding availability of Transitional Credit for GST
Finally, government has released the much awaited clarification regarding transitional ITC availment in GSTR-3B for the month of July. You can read the press release below and the TaxGrid…
Cabinet approves Scheme of Budgetary Support under GST Regime
Ministry of Commerce & Industry and Cabinet Committee on Economic Affairs (CCEA) jointly made the following press release: Cabinet approves Scheme of Budgetary Support under GST Regime to the eligible units…
GST Slab rationalisation will depend on rise in revenue collection
As reported by The Indian Express, Arjun Ram Meghwal, Union Minister of State in Finance and Corporate Affairs, said that Rationalisation of tax slabs under GST would depend on the rise in…
Clarifications in relation to furnishing of Bond/LUT for exports
Circular has been issued by CBEC to clarify the issues in relation to furnishing of Bond/Letter of Undertaking for Exports. Circular mentions that varied interpretation have been received from exporters…