New releases on GST Portal, as on 12.10.2018 Given below is update for you, on new functionalities, which were made available on GST Portal, recently: (A) Refund: Application for Refund can now be filed for multiple tax periods, in following refund cases : 1. Export of services with payment of tax with facility to upload […]
New releases on GST Portal, as on 12.10.2018 Given below is update for you, on new functionalities, which were made available on GST Portal, recently: (A) Refund: Application for Refund can now be filed for multiple tax periods, in following refund cases : 1. Export of services with payment of tax with facility to upload […]
Rate of exchange of conversion the rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, shall, with effect from 5th October, 2018, be the rate mentioned against it in the corresponding entry in […]
Rate of exchange of conversion of each of the foreign currencies Notification No. 85/2018 – Customs (N.T.)New Delhi, dated the 4th October, 2018 The rate of exchange of conversion of each of the foreign currencies specified in column (2) of each of Schedule I and Schedule II annexed hereto, into Indian currency or vice versa, […]
Guidelines for Deductions and Deposits of TDS by the DDO under GST Section 51 of the CGST Act 2017 provides for deduction of tax by the Government Agencies (Deductor) or any other person to be notified in this regard, from the payment made or credited to the supplier (Deductee) of taxable goods or services or […]
TDS on GST Who is responsible to deduct TDS As per Section 51 CGST (Central Goods and Services Tax) Act 2017, provides that 1.A department or establishment of Central Govt or State Govt, or 2.local authority or 3.Govt Agencies or 4.other specified persons are required to deduct TDS @ 2% (IGST 2%, or CGST 1% […]
GST Audit FORM GSTR-9C Notification No. 49/2018 – Central Tax 13th September, 2018 These rules may be called the Central Goods and Services Tax (Tenth Amendment) Rules, 2018 Those tax payers whose annual turn over exceeds 2 crores need to file Annual return in GSTR 9C. It contains two parts. PART – A – Reconciliation […]
GSTR 9 is annual return filed by a peraon registered under GST. It shows the supplies received/made during the year classified under CGST,SGST& IGST.It is a summary po periodical returnsie monthly /quarterly. Following are exempt from Annual return filing in Form 9 1) Casual Taxable Person 2)Input service distributors 3)Non-resident taxable persons 4)Persons paying TDS […]
49/2018-Central Tax ,dt. 13-09-2018 Notification amending the CGST Rules, 2017 (Tenth Amendment Rules, 2018) 50/2018-Central Tax ,dt. 13-09-2018 Seeks to bring section 51 of the CGST Act (provisions related to TDS) into force w.e.f 01.10.2018 51/2018-Central Tax ,dt. 13-09-2018 Seeks to bring section 52 of the CGST Act (provisions related to TCS) into force w.e.f […]
No time limit in the GST laws for carrying forward of unutilised ITC. It can be carried forward to indefinite period until it is set off against output tax liability. ITC can be claimed/availed upto the due date of furnishing of return for the month of September following the end of the financial year to […]
