Prime Minister Modi led BJP (NDA) government has finally heard the problems of GST registered dealers and professionals handling GST return and decided to extend the due dates for GSTR 1, GSTR 2 & GSTR 3 and also waiving the penalty payable for late filing of GSTR 3B for July 2017 for which the last date… Read More »
Can a trader or manufacturer do the business without registering under GST? (adsbygoogle = window.adsbygoogle || []).push({}); Yes, a small businessmen can do the business in his state without registering under GST subject to condition that his gross turnover is below Rs 20 Lakhs. Few More Queries & Solution related to unregistered dealers under GST What… Read More »
What will be implication of GST on Transporters, Travels and Tour Operator and their allied services? Current GST taxation is in line with what was taxable under Service tax and no major changes has taken place under GST except the introduction of RCM (Reverse Charge Mechanism). List of Transportation and Travels Services which are exempted… Read More »
Central Government has issued the scheme of classification of services under GST i.e Services Accounting code, Services SAC code under GST has been issued on 28th June 2018 by the Ministry of Finance, Department of Revenue through Notification No. 11/2017. For Goods government has issued HSN code under GST and for services Services Accounting code (SAC) is required for classification. HSN… Read More »
GST Council in its 14th Meeting in Srinagar has finalized the list of services which are exempted from GST Act. Intention of the government is give benefits to exemption to lower income persons like Medical Services & Education are exempted from GST or Services relating to cultivation of plants and rearing of all life forms… Read More »
Government of India has finally decided to abolish service tax and replace it with Goods and Service Tax (GST). GST Rate on Services in India is finalized by the GST Council and on 18th-19th May 2017 in 14th Meeting of GST Council, GST rates on services has been fixed with GST implementation date has been… Read More »
CENTRAL BOARD OF EXCISE AND CUSTOMS (CBEC)/Ministry of Finance has tweeted that all the VAT dealers of Different states who have done Primary Enrollment under GST (GOODS & SERVICES TAX) website using email id, mobile verification and Login id & Password issued by state government VAT Authority or Service Tax Dept or Central Excise Dept… Read More »
CBEC has extended the due date of filling Half Yearly Service Tax Return for Period Ending 31st March 2016 from 25th April to 29th April 2016. GOVERNMENT OF INDIA MINISTRY OF FINANCE DEPARTMENT OF REVENUE CENTRAL BOARD OF EXCISE AND CUSTOMS SERVICE TAX WING NEW DELHI ORDER NO 1/2016-Service Tax, Dated: April 25, 2016 In exercise… Read More »
This is the first step to be taken by a person who is liable to make payment for service tax so that one can discharge its service tax liability. Who is Liable for service tax registration? Mandatory for a person providing taxable services and the value of services rendered by him is expected to be… Read More »
CBEC through it Notification No 22/2015 dated 6th November 2015 has specified the Swachh Bharat Cess rate of .50% applicable on value of taxable services from 15th November 2015. Swachh Bharat Cess was introduced in the Finance Act 2015 after removal of education cess but its rate and date was not declared by the government. Swachh… Read More »