GSTR 3B Last Date Extended Upto 25 Oct 2018 for Sept 2018

The last date for furnishing GSTR-3B for the month of September 2018 is being extended up to 25th October 2018. Update: CBIC has released the notification for the extension of Last Date of GSTR 3B (September 2018) – Check Here CBIC has posted tweet on its official twitter account about last date extension of GSTR … Read more

ICAI Technical Guide on GST Annual Return & GST Audit

The Institute of Chartered Accounts of India has released the ebook to cover the technical aspects of GST Annual Return & GST Audit. This is the first edition book published on 20th October 2018. This Technical Guide on Annual return & GST Audit is a written attempt to create awareness among the trade/ industry and … Read more

Final Return Under GST | GSTR 10 | Clear Your Confusion

What is Final Return or Last Return? This section provides for filling of final return by the registered person whose registration has been cancelled. Difference Between Final Return & Annual Return Annual return has to be filed by every registered person paying tax as normal taxpayer under GST. Annual return is to be filed  once … Read more

CBIC Clarifies About Last Date to Avail ITC for F.Y.2017-18

Central Board of Indirect Taxes & Customs (CBIC) has clarified the last date to avail the input tax credit for F.Y. 2017-18 as follows: 20 Oct 2018 (Regular Taxpayers) (25th Oct 2018 Extended) 31st Dec 2018 (Newly Migrated Tax Payers) Last date to avail input tax credit in respect of invoices or debit notes relating … Read more

Press Release for Quarterly Return by Composition Dealers in FORM GSTR-4

Clarification on the manner of filing the Quarterly Return by Composition Dealers in FORM GSTR-4 It has been brought to notice that doubts regarding the manner of filing the quarterly return by Composition Dealers in FORM GSTR-4 in the absence of auto-population of the details of inward supplies (other than supplies attracting reverse charge) received from registered … Read more

E Way Bill Rules Made Easy [Updated Till 12-10-2018]

Rules regarding E-Way Bill have been prescribed under Rule Nos. 138 to 138D of the CGST Rules, 2017. The primary objective of this article is to simplify the forementioned Rules and provide an ease in the implementation of the same. Meaning: E-way Bill is a waybill generated electronically. It is meant for or assigned to … Read more

GST Annual Return – Dates, Penalty, Audit Limit, Forms & More

All taxpayers registered under GST Act has to file Annual Return. The normal taxpayers will need to file GSTR-0 return from while composition taxpayers will have to file GSTR-9A.  There are some exception for not filing GST Annual return as follows: Persons who are not required to File GST Annual Return The following person are … Read more

ICAI Releases Guidance Note on GST Annual Return – Download eBook in PDF

The Institute of Cost Accountants of India has released detail Guidance notes on GST Annual Return. This is October 2018 introductory edition. The contents of GST Annual Return ebook/Guidance notes are as follows: Content of Annual GST Return ebook Overview of Annual REturns Perquisites/Check List for filing of Annual Returns Detailed Analysis of Annual Return … Read more

Step by Step Procedure for Registration as TDS Deductor under GST

The existing deductors of STDS/TCS under VAT Act will not be automatically migrated to GST. Section 24(vi) of the CGST Act, 2017 provides for compulsory liability for registration for the deductors of TDS. A deductor in GST will be required to get registered and obtain a GSTIN [Goods & Services Tax Identification Number] as a … Read more

Who is Liable to Deduct TDS under GST?

As per the provisions of the GST Law, the following persons are mandatorily required to deduct TDS :- a department or establishment of the Central/ State Government; or local authority; or Governmental agencies; or such persons or category of persons as may be notified by the Government on the recommendations of the Council. The following … Read more

Latest eWay Bill FAQ on 01-10-2018

Q.1 What should I do if I don’t have ‘Transporter Id’ but want to enter and generate ‘Part-A slip’? This is not possible as per rule 138(3). If the tax payer is not having the details of ‘Transporter Id’ but he still wants to enter and generate the ‘Part-A Slip’, then he has to compulsorily … Read more

Offline Utility of Form GSTR-10 is Now Available on GST Portal

Offline utility of form GSTR-10 (Final Return) is now available in the download section of GST portal. The excel based offline utility is designed to help taxpayers to prepare their Form GSTR-10 offline. Form GSTR-10 is to be filed by the registered taxable persons once registration has been cancelled either on their own request or … Read more

30 Most Important Questions on TCS Under GST

Q.1 What is Electronic Commerce? As per Section 2(44) of the CGST Act, 2017, electronic Commerce means the supply of goods or services or both, including digital products over digital or electronic network. Q.2 Who is an e-commerce operator? As per Section 2(45) of the CGST Act, 2017, electronic Commerce operator means any person who … Read more

Internal Auditor not to undertake GST Audit simultaneously

Announcement Sub. : Internal Auditor not to undertake Goods and Service Tax (GST) Audit simultaneously We have received enquiries from the members at large and other stakeholders as to whether an internal auditor of an entity can also undertake GST Audit of the same entity as required under the Central Goods and Service Act, 2017. … Read more

67 Most Common Questions on TDS Under GST

Q.1 As a DDO I am deducting TDS from salary and also while making payment of other bills under Income Tax Act. Then why should I need to deduct TDS again? TDS under Income Tax is different from TDS under GST. There was a provision of TDS under VAT Act also. TDS under the GST … Read more

6 Major Upcoming Changes in E-Way Bill From 1st October 2018

This document will explain the new enhancements done in the E- Way Bill (EWB) generation form and is being release on 1st  of Oct. 2018. The purpose of this document is to communicate the tax payers and transporters the latest changes with screen shots and make them to understand and prepare them while generating the … Read more

Extension of Due Date (upto 31-01-2019) for TRAN-1 Filing

No. 349/58/2017-GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs New Delhi, the 17th September, 2018 Order No.4/2018 -GST Subject: Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117(1A) of the Central Goods and Service Tax Rules, 2017 in certain cases … Read more

TDS & TCS Provisions Under GST (Applicable from 1st Oct 2018)

TDS & TCS Provisions Under GST (Applicable from 1st October 2018) Tax Collection at Source (TCS) TCS When? When supplier sell goods or services through portal of electronic commerce operator & payment is collected by operator Rate of TCS? Up to 2% of (sale reduced by sale return) Note: Sellers (i.e. on Flipkart/Amazon/Other ecommerce platforms) … Read more