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India’s No.1 Tax Alert Service + 100% Money Back Guarantee Whats App Daily Tax Updates GST & Income Tax Updates Instant Updates With PDF Attachment Official URL Link One Weekly Newsletter Yearly Cost You Only Rs.83/- Monthly Subscribe Now! 300+ users joined in last 7 days Topic Covered GST Notifications Circulars Press Release Useful Articles … Read more

Decisions by GST Council in the 34th meeting held on 19 Mar 2019

GST Council in the 34th meeting held on 19th March, 2019 at New Delhi discussed the operational details for implementation of the recommendations made by the council in its 33rd meeting for lower effective GST rate of 1% in case of affordable houses and 5% on construction of houses other than affordable house. The council … Read more

CBIC Extends Due Date to File GSTR-9, GSTR-9A & GSTR-9C upto 31-03-2019

Press Release – 7th December, 2018  – Extension of due date for filing FORM GSTR-9, FORM GSTR-9A and FORM GSTR-9C FORM GSTR-9 and FORM GSTR-9A have been notified vide notification No. 39/2018-Central Tax, dated 04.09.2018 while FORM GSTR-9C has been notified vide notification no. 49/2018-Central Tax, dated 13.09.2018 as part of the CGST Rules. The … Read more

PRESS RELEASE – 03 December 2018 – Status of GST Refunds

PRESS RELEASE – 03 December 2018  – Status of GST Refunds Total GST refunds to the tune of Rs 91,149 crores have been disposed by CBIC and State authorities out of the total refund claims of Rs 97,202 crores received so far. Thus, the disposal rate of 93.77 per cent has been achieved. The pending … Read more

GSTP Examination rescheduled to 17th December 2018

GSTP Examination rescheduled to 17th December 2018 in view of assembly elections on 7th December, 2018. Press Release Examination for Confirmation of Enrollment of GST Practitioners Reference is invited to Press Release dated 01-11-2018 regarding exam for GST Practitioners scheduled on 07-12-2018. On account of Assembly Election in some of the states on 07-12-2018, the … Read more

CBDT Releases Direct Tax Statistics

Constant growth in direct tax-GDP ratio over last three years Growth of more than 80% in the number of returns filed in the last four financial years Number of persons filing return of income has also increased by about 65% during this period from 3.31 crore in FY 2013-14 to 5.44 crore in FY 2017-18 … Read more

ICAI Representation Permitting Availment of ITC under GST for F.Y.2017-18 till 31-12-2018

Request for Permitting Availment of Input Tax Credit under GST Pertaining to Financial Year 2017-18 till 31st December 2018. The  Institute  of  Chartered  Accountants of  India  (ICAI)  has  been   proactively supporting   the   Government  by    providing   suggestions  at   each   stages   of development, creating awareness  and  disseminating knowledge of GST among various stakeholders. We are  writing  this … 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

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

Download ICAI’s Book on GST – Sept 2018 (Revised & Updated) Edition

The Institute of Chartered Accounts of India has released its new book on GST named “FAQ’s and MCQ’s on GST”. It is September 2018 editions covered all updates which was published on 29th August 2018 with CGST (Amendment) Act, 2018.  The ebook contains all topics of CGST/SGST with FAQ & MCQ. You can download ICAI … Read more

Extension of GSTR-1 Due Dates upto 31-10-2018 (July 2017 to Sept 2018)

Due Date for Filing of GSTR-1 has been extended up to 31st October 2018 for the period from July 2017 to September 2018. It has been observed that the number of taxpayers who have filed FORM GSTR-3B is substantially higher than the number of taxpayers who have furnished FORM GSTR-1. Non-furnishing of FORM GSTR-1 is … Read more

ICAI Implementation Guide on Revised Tax Audit Report in Form 3CD

ICAI “Implementation Guide” on Revised Tax Audit Report in Form 3CD – Implementation Guide w.r.t. Notification No. 33/2018 Dated 20-07-2018 effective from 20-08-2018 Recently, the CBDT vide Notification No. 33/2018 dated 20thJuly, 2018 has made revisions to Form No. 3CD wherein it requires additional requirements to be reported. The additional inclusions in the said form … Read more

GSTR 3B Filing Due Date Extended to 24th Aug 2018

The last date of filing GSTR 3B for the month of July 2018 has been extended to 24th August 2018. The news is flashing on the official portal of GST i.e. gst.gov.in. The main reason to extend the date is unavailability of GST portal to file GST return. The server was very busy. The users … Read more

Haryana,Telangana and Andhra Pradesh Top Rankers in Ease of Doing Business

Secretary DIPP announcing Ease of Doing Business Ranking of States Department of Industrial Policy and Promotion (DIPP), Ministry of Commerce and Industry, released the final rankings of States in Ease of Doing Business in New Delhi. The top rankers are Andhra Pradesh, Telangana and Haryana. Jharkhand and Gujarat stood fourth and fifth respectively. DIPP, Ministry … Read more

Startup India Yatra begins in Madhya Pradesh From 16 July 2018

The Startup India Yatra van will travel to 10 cities of Madhya Pradesh, starting from the capital Bhopal, to spread awareness about Startup India and Madhya Pradesh Startup Policy. The vehicle, with experts on board, will provide an opportunity for entrepreneurial talents to pitch an idea and get incubated, scaling it from idea to enterprise.The … Read more