Notification No. 104/2017-Customs (N.T.)

GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) (CENTRAL BOARD OF EXCISE AND CUSTOMS) 15 Kartika, 1939 (SAKA) In exercise of the powers conferred by section 14 of the Customs Act, 1962 (52 of 1962), the Central…

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Advisory by GSTN on GSTR 2 downloaded json and the exported excel provided by the taxpayer.

It is recommended that please do not change the formatof exported excel file. Otherwise there will be error in processing.Only fill up data as per given format. For “Invalid CGST/SGST amount”and getting an “unable to process”error message, if the CGST/SGST tax amount…

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Step by step guideline for taxpayers to download GSTR 4 Offline Tool from the GST Portal.

1) Download GSTR 4 Offline tool from the download tab on GST portal. 2) Ensure that the minimum system requirements of Windows 7 and MS Excel 2007 is met. 3) Extract the GSTR 4 offline tool. Open the…

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Filing Returns is mandatory in GST Regime ! Don’t wait for the last date #GoodAndSimpleTax

Any registered person who fails to furnish the return by the due date is liable to pay a late fee* of one hundred rupees separately under the CGST law and SGST law (i.e. a total of Rs. 200)…

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GST

News on GST Act : The entire framework of GST is based on GST Act. It was devised by the GST Council, which is a committee consisting of the Union Finance Minister (Chairperson), the Union Minister of State,…

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Reverse Charge Mechanism -GST

Generally, the supplier of goods or services is liable to pay GST. However, in specified cases like imports and other notified supplies, the liability is cast on the recipient under the GST reverse charge mechanism, i.e. the liability to pay tax…

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GST Impact on Companies

GST impact on companies: Gloom and doom vanishes, India Inc at ease Contrary to gloomy predictions, the roll-out of the goods and services tax (GST) has been a much smoother affair and the industry has adapted to it…

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GST and the remapping of India

The coming into force of the Goods and Services Tax (GST) will unify the nation into a common economic market, obviating the need for goods to be taxed each time they cross a state border. Much of the…

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Return Filing -GST

Return Filing – Under GST, this is how you will file tax returns from July 1  GST, a comprehensive indirect tax system is all set to subsume a host of existing indirect taxes and with its implementation, compliance…

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