teachoo.com Download Recent Changes in GST by CA Maninder Singh Best place to learn Accounts and Tax
|
|
|
- Dana Carpenter
- 5 years ago
- Views:
Transcription
1 Best place to learn Accounts and Tax Download Recent Changes in GST by CA Maninder Singh
2 Changes Made in GST Council Meeting 6 Oct 2017 teachoo.com Registration Limit in GST is 20 lacs for Both Local and Interstate Sales Earlier, If a Person has turnover upto 20 lacs, they are not required to take registration However if person is making interstate sales of even 1 Rupee, Compulsory Registration Required Now, If turnover is upto 20 lacs of Local + Interstate combined, then Registration Not Required
3 File Quarterly GST Returns 1, 2, 3 Earlier, Normal Registered Dealer had to file Monthly GST Returns, 2, 3 Now, If turnover is upto 1.5 Crores, then Quarterly Returns Required from Oct-Dec However GSTR3B to be filed for Oct, Nov, Dec
4 Composition Dealer Turnover Limit Raised Earlier If turnover was upto 75 Lacs, then Person can Opt for Composition Scheme Now If turnover upto 100 lacs, then Composition Scheme can be availed
5 Option to Avail Composition Scheme Person can opt for Composition Scheme till Suppose scheme opted in one month will be effective from Next Month Example Normal Dealer opts for Composition Scheme by 20 Nov 2017 He will file Composition Dealer Return and Tax starting from 1 Dec 2017
6 Reverse Charge to Unregistered Dealer suspended till Reverse Charge on purchases From Unregistered Dealer has been abolished till 31 March Other Reverse Charge are still Applicable. like reverse charge on advocate and Good Transport Agency However, what will happen to Reverse Charge already deposited is still not clear Whether we can claim input of the same after payment or will it be refunded to us
7 No GST on Advance Received for Small Business Suppose I receive money in advance in July Sales made for the same in September Tax on it was calculated in July Return to be paid by 20 Aug Now For small business (upto 1.5 crores) Tax on it will be calculated in September Return to be paid by 20 Oct This 1.5 Crores limit is of current year or last year is still not clear
8 GTA Service to Unregistered Person Exempted Earlier If Goods Transport Agency (GTA) provided services to Unregistered Persons, they had to pay GST Because of this GTA were not willing to supply services to Unregistered persons. Now, This service has been exempted.
9 Other Changes 1. E-WAY BILL Concept of E-Way Bill to be Introduced in Staggered Manner starting from 1 Jan 2018 There will be different dates for its launch in different states In Whole of India,it will be launched by 1 April TDS TCS IN GST TDS TCS in GST will also be differed to 1 April DUE DATES Due Dates for GST Returns has been changed as follows 1. For Input Service Distributor GST Return for July, Aug, Sep to be filed by 15 Nov For Composition Dealer GST Return for July-Sep Quarter to be filed by 15 Nov CHANGES IN INVOICE RULES For Certain Registered Persons, Invoice Rules will be changed The details of same are still not been notified
10 About the Author CA Maninder Singh CA Maninder Singh is a Chartered Accountant for the past 6 years. He provides courses for Practical Accounts, Taxation, GST and Efiling at teachoo.com. What is teachoo? Teachoo is a place where you can learn basics of Tax, Accounts, Excel, Tally free. You can also know about online efiling work as done by Companies by taking our premium course. GST Accounts Tax Tally Excel Premium Course
GSTR 9 ANNUAL RETURN UNDER GST
GSTR 9 ANNUAL RETURN UNDER GST What is the Annual return? Consolidation of information furnished in the forms GSTR 1, GSTR 2, GSTR 3 & GSTR 3B Details of Outward Supplies made and Inward Supplies received,
Name What does it relate to When to be filed
Name What does it relate to When to be filed GSTR-1 GSTR-2 GSTR-3 Outward Supplies made for a month by a regular taxpayer Inward Supplies made for the month by a regular taxpayer Consolidated return by
GSTR 9 Annual Return Overview Engagement pack
GSTR 9 Annual Return Overview Engagement pack Types of GSTR 9 GSTR 9 : GSTR 9 should be filed by the regular taxpayers filing GSTR 1, GSTR 2, GSTR 3. Except Casual taxable person, Non Resident Taxable
Presentation on GST Annual Return & GST Audit
Optitax s R Presentation on GST Annual Return & GST Audit 25th Nov 2018 1 1 Legal provisions 2 Legal provision Applicability Section 44 (1) - Every registered person, other than an Input Service Distributor,
GST: An Integrated Tax
The Journey to GST 2006 First Discussion Paper was released by the Empowered Committee 2009 Constitution (115th Amendment) Bill introduced and subsequently lapsed 2011 The Constitution (122 n d Amendment)
23 rd GST Council Meet
10 November, 2017 Overall Due Date Changes GST Rate Changes Powered By 6 Big Decisions 1. GST Rate cut for more than 178 items 2. Composition scheme limit increased to Rs 1.5 crore 3. All service providers
GOODS AND SERVICE TAX FILING OF RETURN. Prepared by Dharmendra Academy of GST Awareness
GOODS AND SERVICE TAX FILING OF RETURN 1 Returns Chapter IX of the CGST/SGST Act, 2017 GST Return Rules, 2017 2 RETURNS: SALIENT FEATURES A return is a statement of specified particulars relating to business
Financial & Business Highlights For the Year Ended June 30, 2017
Financial & Business Highlights For the Year Ended June, 17 17 16 15 14 13 12 Profit and Loss Account Operating Revenue 858 590 648 415 172 174 Investment gains net 5 162 909 825 322 516 Other 262 146
Tax Invoice, Credit and Debit Notes
FAQ s Chapter VII Tax Invoice, Credit and Debit Notes Tax Invoice, Credit and Debit Notes (Section 31 Section 34) Section 31 to 34 of the CGST Act, 2017 made applicable to IGST vide Section 20 of the IGST
XML Publisher Balance Sheet Vision Operations (USA) Feb-02
Page:1 Apr-01 May-01 Jun-01 Jul-01 ASSETS Current Assets Cash and Short Term Investments 15,862,304 51,998,607 9,198,226 Accounts Receivable - Net of Allowance 2,560,786
TDS SECTION 51 NOTIFICATION NO.57/2018-CENTRAL TAX, DATED
ANNEXURE 1 TDS/ TCS Error! No text of specified style in document. 1 TDS SECTION 51 NOTIFICATION NO.57/2018-CENTRAL TAX, DATED 23-10-2018 In notification No. 50/2018-Central Tax dated the 13th September,
GOODS & SERVICES TAX / IDT UPDATE 31
GOODS & SERVICES TAX / IDT UPDATE 31 E-way Bill Mechanism Following decisions were taken by the GST council in the 24 th GST Council meeting for implementation of nationwide e-way Bill system : i) The
Chapter IX Returns Statutory Provision 37. Furnishing details of outward supplies
Chapter IX Returns Statutory Provision 37. Furnishing details of outward supplies (1) Every registered taxable person, other than an input service distributor, a non-resident taxable person and a person
QUESTION 2. QUESTION 3 Which one of the following is most indicative of a flexible short-term financial policy?
QUESTION 1 Compute the cash cycle based on the following information: Average Collection Period = 47 Accounts Payable Period = 40 Average Age of Inventory = 55 QUESTION 2 Jan 41,700 July 39,182 Feb 18,921
GST. GST Precautions while Finalisation of Accounts. by CA Rahul V. Daga. Why Precautions 06/07/2018. V. H. Daga & Company. Reconciliation Statement
while Finalisation of Accounts by CA Rahul V. Daga Why Precautions Annual Return GST Reconciliation Statement Audit Report 1 GST Audit & GST Annual Return Audit Section 35(5) read with section 44(2) of
Reverse Charge. Section 9 (3) of CGST Act, 2017 Section 9 (4) of CGST Act, Section 5(3) of IGST Act, 2017 Section 5(4) of IGST Act, 2017
GST RETURNS Reverse Charge Section 9 (3) of CGST Act, 2017 Section 9 (4) of CGST Act, 2017 Section 5(3) of IGST Act, 2017 Section 5(4) of IGST Act, 2017 Reverse Charge Sl No. Category of Supply of Services
Common stock prices 1. New York Stock Exchange indexes (Dec. 31,1965=50)2. Transportation. Utility 3. Finance
Digitized for FRASER http://fraser.stlouisfed.org/ Federal Reserve Bank of St. Louis 000 97 98 99 I90 9 9 9 9 9 9 97 98 99 970 97 97 ""..".'..'.."... 97 97 97 97 977 978 979 980 98 98 98 98 98 98 987 988
GST Update M.S. CHHAJED & CO. GST UPDATE 3/
GST Update 03 2018-19 19th August 2018 FOR PRIVATE CIRCULATION ONLY M.S. CHHAJED & CO. GST UPDATE 3/18-19 1 Reverse Charge Mechanism The Central Government vide Notification No. 22/2018- Central Tax (Rate)
GST Returns. Law and procedure
GST Returns Law and procedure Objectives Brief overview of Act and rules Category of return filers Frequency and Timelines Content, relationships and data flow of returns Mismatches and credit reversal
Bhavani Associates welcomes you all
Bhavani Associates welcomes you all Annual Returns under GST GSTR 9 Mysore Bhavani Associates Venu and Vinay Chartered Accountants Agenda for Discussion Provisions of Annual Returns Understanding GSTR
Downloaded from Update PPT on GST (As on 01 st January 2018)
Update PPT on GST (As on 01 st January 2018) 1 This presentation is for education purposes only and holds no legal validity 2 The Journey to GST 2006 First Discussion Paper was released by the Empowered
GST (Goods & Service Tax) Practical Training
GST (Goods & Service Tax) Practical Training Talent Magnifier is a rapidly developing corporate practical training and development company based in Delhi that helps people to learn new skills and become
GSTR - 3B Dec 3B Jan 3B Feb 3B Mar 3B Apr 3B GSTR -1 July to Nov 2017 Dec 2017 Jan 2018 Feb 2018 Mar 2018
Circular No. 26/26/2017-GST F. No. 349/164/2017/-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the 29 th December,
SREERAM COACHING POINT, Chennai Best Oral coaching at Chennai, Bangalore and Ernakulam
VALUE ADDED TAX What is VAT? A multi point system of taxation on sale of goods where in a mechanism is provided to grant credit for tax paid on inputs. VAT vs Sales Tax VAT SALES TAX (1) VAT is multi point
IMPORTANT DATES DIRECT TAXES. TDS / TCS returns are to be filed Quarterly.
IMPORTANT DATES DIRECT TAXES TDS / TCS returns are to be filed Quarterly. QUARTER ENDING DUE DATE 30 TH JUNE 15 TH JULY 30 TH SEPTEMBER 15 TH OCTOBER 31 ST DECEMBER 15 TH JANUARY 31 ST MARCH 15 TH MAY
Preview of Return and Payment Modules
Preview of Return and Payment Modules 1 Objective of Preview & Mechanism of obtaining feedback Dear Taxpayer / Tax Professional, 1. After successful launch of GST Portal (gst.gov.in) on 8 th Nov 2016 the
[Chapter IX] Edition NBC, Chartered Accountants and member of Allinial Global Accounting Association. All Rights Reserved.
![[Chapter IX] Edition NBC, Chartered Accountants and member of Allinial Global Accounting Association. All Rights Reserved.](/thumbs/90/103497091.jpg "[Chapter IX] Edition NBC, Chartered Accountants and member of Allinial Global Accounting Association. All Rights Reserved.")
[Chapter IX] Edition 7 Contents Furnishing details of outward supplies [S. 37] Furnishing details of inward supplies [S. 38] Furnishing of Returns [S. 39] First Return [S. 40] Claim of input tax credit
Chapter - RETURNS. 1. Form and manner of furnishing details of outward supplies
Chapter - RETURNS 1. Form and manner of furnishing details of outward supplies (1) Every registered person (other than a person referred to in section 14 of the Integrated Goods and Services Tax Act, 2017)
APPLICABILITY OF SERVICE TAX:
SERVICE TAX It is an indirect tax. Service tax is a tax on services provided.the provisions of service tax are contained in chapter V of the Finance Act, 1994 and administered by the Central Excise Department.
The Centre of Excellence for GST. GST: Returns. JULY 09, 2017 ICAI Tower, BKC MUMBAI. CA. Hemant P. Vastani. The Centre of Excellence for GST
GST: Returns JULY 09, 2017 ICAI Tower, BKC MUMBAI CA. Hemant P. Vastani 1 Sections Covering Returns 37. Furnishing details of outward supplies. 38. Furnishing details of inward supplies. 39. Furnishing
GST Update. Weekly Update N a t i o n a l A c a d e m y o f C u s t o m s, I n d i r e c t T a x e s a n d N a r c o t i c s ( N A C I N )
GST Update Weekly Update 07.10.2017 1 Background This Presentation covers the GST changes / observations/ press releases/ Tweet FAQs/ Sectoral FAQs released by CBEC since the last update on 30.09.2017.
REGISTRATION. AKOLA Branch of WIRC of ICAI. CA. Dhiraj C Baldota Solapur. June 17, 2017
REGISTRATION June 17, 2017 AKOLA Branch of WIRC of ICAI CA. Dhiraj C Baldota Solapur EXCISE / SERVICE TAX / VAT and on. take taxes but reduce compliance. a smooth n healthy act???? Why Liability to Register
*Reverse charge mechanism under GST and implications of exemption upto Rs per day*
Very very very useful complete RCM under GST *Reverse charge mechanism under GST and implications of exemption upto Rs. 5000 per day* Let s look at the critical provisions of the GST law which have enabled
ISSUES IN E-FILING UNDER MVAT ACT
ISSUES IN E-FILING UNDER MVAT ACT Presentation by CA PRANAV KAPADIA For Seminar on e-filing by The Chamber of Tax Consultants 17-08-2013 CA PRANAV KAPADIA 1 E-Services under MVAT Registration Returns &
Ready Reckoner to GST
Ready Reckoner to GST Powered By From the Desk of MD & CEO, Chairman, The Goods & Services Tax (GST) is the most significant economic reform since liberalization launched in 1991, and envisages One Economic
Q. CGST Sec 15.3a says "value of supply shall not include any discount given before or at the time of supply"
Q. CGST Sec 15.3a says "value of supply shall not include any discount given before or at the time of supply" It conveys the meaning "discount is not allowed" although the discount is given in a proper
FAQ. Hindustan Shipyard Limited
FAQ Hindustan Shipyard Limited 1 Q 1. What is Goods and Service Tax (GST)? Ans. It is a destination based tax on consumption of goods and services. It is proposed to be levied at all stages right from
The Institute of Chartered Accountants of India Western India Regional Council
The Institute of Chartered Accountants of India Western India Regional Council Seminar on E-filing of Returns and Forms under Various Acts Mumbai 11 th June 2011 E-filing of Returns and Forms under MVAT
100 Issues & solutions in filing GST Returns & TRAN Forms
100 Issues & solutions in filing GST Returns & TRAN s It is seen that industry, trade and professionals have been facing various in filing of GST Returns and transitional forms. Therefore, this article
Reverse Charge Mechanism - Reverse gear of tax burden
Reverse Charge Mechanism - Reverse gear of tax burden A. Introductory provisions of reverse charge under GST Law. In terms of section 9(1) of Central Goods and Services Tax Act, 2017, Central Goods and
Update on amendments made in GST Law on 13 th October 2017 in view of various recommendations made by GST Council
Update on amendments made in GST Law on 13 th October in view of various recommendations made by GST Council No Reverse Charge with respect to purchase from unregistered persons till 31 st March 2018:
GOVERNMENT OF WEST BENGAL DIRECTORATE OF COMMERCIAL TAXES 14, BELIAGHATA ROAD, KOLKATA DATED:
GOVERNMENT OF WEST BENGAL DIRECTORATE OF COMMERCIAL TAXES 14, BELIAGHATA ROAD, KOLKATA-700015 TRADE CIRCULAR No. 23/2018 (Circular No. 26/26/2017-GST) Subject: Filing of Returns under GST DATED: 17.09.2018
Levy and Collection of Tax
FAQ Meaning and scope of supply (Section 7) Chapter I Levy and Collection of Tax Q1. What is the scope of the term supply as defined in CGST Act, 2017? Ans. As per Sub-section (1) of Section 7, Supply
GST for Hospitality Industry Practical Aspects in Implementation
GST for Hospitality Industry Practical Aspects in Implementation CA KURESH S KAGALWALA kuresh@alifsystems.com +91 98201 69660 +91 22 43441717 Topics covered Introduction and Concepts Hospitality Industry
FEDERATION OF INDIAN INDUSTRY C-201, AWHO, SECTOR-49, Sohna Road, Gurugram INDIA
Dear Sir, We wish to apply for FII membership. The application form, duly completed, is submitted along with relevant supporting documents. Kindly acknowledge receipt of the above and confirm our Membership.
1 Introduction 2 Tax Return 3 Goods and Services Tax Return 4 GST Model Law and Draft GST Rules 5 Outward supplies return (GSTR-1)
Topic 1 Introduction 2 Tax Return 3 Goods and Services Tax Return 4 GST Model Law and Draft GST Rules 5 Outward supplies return (GSTR-1) Page 6 Outward Supply details 7 Post ling of GSTR-1 8 Inward Supply
S. No. Questions / Tweets Received Replies Registration 1. Does aggregate turnover include value of inward supplies Refer Section 2(6) of CGST Act.
S. No. Questions / Tweets Received Replies Registration 1. Does aggregate turnover include value of inward supplies Refer Section 2(6) of CGST Act. received on which RCM is payable? Aggregate turnover
FILING OF RETURNS UNDER GST INCLUDING MATCHING OF INPUT TAX CREDIT
FILING OF RETURNS UNDER GST INCLUDING MATCHING OF INPUT TAX CREDIT DRAFT RETURN FORMS FORM NO DETAILS 1. GSTR 1 Details of outward supplies of taxable goods and/or services effected 2. GSTR 01A Details
Tweet FAQs. The tweets received by askgst_goi handle were scrutinized and developed into a short FAQ of 100 tweets.
Tweet FAQs The tweets received by askgst_goi handle were scrutinized and developed into a short FAQ of 100 tweets. S. No. Questions / Tweets Received Replies Registration 1. Does aggregate turnover include
FAQ s on Form GSTR-9 Annual Return
FAQ s on Form GSTR-9 Annual Return DISCLAIMER The views expressed in this write up are of the author(s). The Institute of Chartered Accountants of India may not necessarily subscribe to the views expressed
Proposed Amendments in GST Law
Proposed Amendments in GST Law On 09.07.2018, the Goods and Service Tax Council has issued draft proposal for the amendment in the "Goods and Services Tax" Law. The entire proposal gives brief view on
Recommendations made by the GST Council in the 22nd meeting at New Delhi on 6th October, 2017
October, 2017 Volume 56 Noida I New Delhi I Mumbai Dehradun Singapore The GST Council under the chairmanship of Union Finance Minister Shri Arun Jaitley, in its 22nd meeting held in Vigyan Bhavan at New
Returns, Matching Concept, Accounts & Records, under GST Law. Presentation by CA. Gaurav V Save GST Course for CA Students WIRC of ICAI June 07, 2017
Returns, Matching Concept, Accounts & Records, under GST Law Presentation by CA. Gaurav V Save GST Course for CA Students WIRC of ICAI June 07, 2017 Agenda Returns & Matching Concept Accounts & Records
Algo Trading System RTM
Year Return 2016 15,17% 2015 29,57% 2014 18,57% 2013 15,64% 2012 13,97% 2011 55,41% 2010 50,98% 2009 48,29% Algo Trading System RTM 89000 79000 69000 59000 49000 39000 29000 19000 9000 2-Jan-09 2-Jan-10
ISSUES IN COMPOSITION SCHEME UNDER GST PGS & ASSOCIATES
ISSUES IN COMPOSITION SCHEME UNDER GST PGS & ASSOCIATES DEFINITIONS:- Aggregate Turnover means the aggregate value of all taxable supplies, exempt supplies, exports of goods or services or both and Inter-State
VAT how GCC businesses see it
VAT how GCC businesses see it VAT is a concern for a majority of companies Source: Deloitte: Preparing for VAT in GCC ERP (Programming) System to account for VAT is understood as the main area of concern.
VAT IMPLICATIONS ON REAL ESTATE TRANSACTIONS UNDER DELHI VAT ACT, 2004 BY
VAT IMPLICATIONS ON REAL ESTATE TRANSACTIONS UNDER DELHI VAT ACT, 2004 BY CA. H.L. MADAN Former Vice President Sales Tax Bar Association, Delhi General Secretary All India Federation of Tax Practitioners
Interaction with Members of BCAS. Author : GSTN Team Date : 8 th August, 2018
Interaction with Members of BCAS Author : GSTN Team Date : 8 th August, 2018 Front-end Statutory Functions Back-end GST IT Strategy Harmonization of Business Processes and Formats Autonomy of back-end
CPE Meeting on Input Tax Credit & Rules DATE: , Chennai INPUT TAX CREDIT CA. M. SELVAKUMAR KV & CO, CHARTERED ACCOUNTANTS
CPE Meeting on Input Tax Credit & Rules DATE: 12.10.2017, Chennai INPUT TAX CREDIT CA. M. SELVAKUMAR KEY UPDATES Refund claimed by Exporters for July 2017 will be granted by 10 th Oct and Aug 2017 by 18
Updates by Tax & Accounting Professional Forum (TAPF) September 2018
Updates by Tax & Accounting Professional Forum (TAPF) September 2018 PREFACE Tax and Accounting Professional Forum (TAPF) is a group of Chartered Accountants, Financial Consultants and Other Professionals.
Composition. Exports
Email FAQs The emails were received by the GST Policy Wing from various sources and were scrutinized and developed into a short FAQ of 100 emails. It should be noted that the emails received or the replies
GOODS & SERVICES TAX / IDT UPDATE 56
GOODS & SERVICES TAX / IDT UPDATE 56 GST Provisionally migrated persons may now apply for GSTIN Central Government vide Notification No.31/2018-Central Tax dated 6 th August, 2018 has provided that the
SUGGESTIONS ON GST Implementation Issues
SUGGESTIONS ON GST Implementation s (AUGUST, 2017 ) Indirect Taxes Committee THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NEW DELHI INTRODUCTION The Institute of Chartered Accountants of India s on
Registration. Chapter IV. FAQ s. Registration (Section 22 to 30)
Chapter IV Registration FAQ s Registration (Section 22 to 30) Section 22 to 30 of the CGST Act, 2017 made applicable to IGST vide Section 20 of the IGST Act, 2017 and UTGST vide Section 21 of the UTGST
Registration. Chapter IV FAQS. Registration (Section 22 to 30)
Chapter IV Registration FAQS Registration (Section 22 to 30) Q1. If a person is operating in different states, with the same PAN number, can he operate with a single Registration? Ans. No. Every person
TERMS OF REFERENCE FOR THE INVESTMENT COMMITTEE
I. PURPOSE The purpose of the Investment Committee (the Committee ) is to recommend to the Board the investment policy, including the asset mix policy and the appropriate benchmark for both ICBC and any
GSTR 9- Annual Overview Engagement. pack
GSTR 9- Annual Overview Engagement Return pack TYPES of GSTR 9 GSTR 9 : GSTR 9 should be filed by the regular taxpayers filing GSTR 1, GSTR 2, GSTR 3. GSTR 9A GSTR 9A should be filed by the persons registered
Draft suggestions on GST -Form GSTR- 9
Draft suggestions on GST -Form GSTR- 9 Indirect es Committee THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NEW DELHI INTRODUCTION 1. The Institute of Chartered Accountants of India considers it a privilege
ॐ सह न ववत सह न भ नक त सह व र य करव वह त जस वव न वध तमवत म ववद ववष वह ॐ श स त श स त श स त
ॐ सह न ववत सह न भ नक त सह व र य करव वह त जस वव न वध तमवत म ववद ववष वह ॐ श स त श स त श स त Om, May God Protect us Both (the Teacher and the Members), May God Nourish us Both, May we Work Together with Energy
OTHER DEPOSITS FINANCIAL INSTITUTIONS DEPOSIT BARKAT SAVING ACCOUNT
WEIGHTAGES JAN FEB MAR APR MAY JUN JUL AUG SEPT OCT NOV DEC ANNOUNCEMENT DATE 19.Dez.14 27.Jän.15 24.Feb.15 26.Mär.15 27.Apr.15 26.Mai.15 25.Jun.15 28.Jul.15 26.Aug.15 23.Sep.15 27.Okt.15 25.Nov.15 MUDARIB
Registration under GST 2017
Legal Compliance Workshop (GST, FCRA & Income Tax) Registration under GST 2017 Presented by CA Deepak Bansal Why to register in GST? To get legally recognised as a supplier of goods and/or services. Utilisation
Tax Liability Ledger, will reflect the total tax liability of a tax payer (after netting) for the particular month.
ELECTRONIC LEDGERS & PAYMENTS Once a tax payer is registered on the common portal GSTN, two e-ledgers Cash Ledger & Input Tax Credit Ledger and an Electronic Tax liability ledger will be automatically
GST Annual Return: Introduction
Annual Return (Relevant Provisions) CGST Act Sections: 35(5), 44 and 47(2) D R Gupta: GSTR-9 CGST Rules Rule: 80 1 GST Annual Return: Introduction GST annual return (i.e. GSTR-9) is be filed by the regular
A Look at GST Through the Lenses of MSMEs
A Look at GST Through the Lenses of MSMEs DISCLAIMER: The views expressed in this article are of the author(s). The Institute of Chartered Accountants of India may not necessarily subscribe to the views
Latest Updates on GST
Latest Updates on GST Extension of Exemption of payment of tax under Reverse Charge Supply of Goods and Services by unregistered person to registered person Un-Registered Seller Such registered person
Tweet FAQs. S. No. Questions / Tweets Received Replies. Registration
Tweet FAQs The tweets received by askgst_goi handle were scrutinized and developed into a short FAQ of 50 tweets. It should be noted that the tweets received or the replies quoted are only for educational
GST Update. Weekly Update N a t i o n a l A c a d e m y o f C u s t o m s, I n d i r e c t T a x e s a n d N a r c o t i c s ( N A C I N )
GST Update Weekly Update 02.02.2019 1 Background This Presentation covers the GST changes / observations/ press releases/ Tweet FAQs/ Sectoral FAQs released by CBEC since the last update on 26.01.2019.
Form 26AS. Annual Tax Statement under Section 203AA of the Income Tax Act, 1961
Data updated till 14Feb2013 Form 26AS Annual Tax Statement under Section 203AA of the Income Tax Act, 1961 Permanent Account Number Name of Assessee Address of Assessee AANPK4324N Financial Year 201213
RETURN FILING UNDER GST ISSUES AND CHALLENGES
RETURN FILING UNDER GST ISSUES AND CHALLENGES TEAM TRD The Institute of Cost Accountants of India (Statutory Body under an Act of Parliament) Annexure - A A) Jurisdiction of Tax Payer. Points of discussion
Spheria Australian Smaller Companies Fund
29-Jun-18 $ 2.7686 $ 2.7603 $ 2.7520 28-Jun-18 $ 2.7764 $ 2.7681 $ 2.7598 27-Jun-18 $ 2.7804 $ 2.7721 $ 2.7638 26-Jun-18 $ 2.7857 $ 2.7774 $ 2.7690 25-Jun-18 $ 2.7931 $ 2.7848 $ 2.7764 22-Jun-18 $ 2.7771
Mock Test paper Assessment Test on GST
Mock Test paper Assessment Test on GST (Answers given at the end) 1. Which article of 101 st Constitution provides for Levy and collection of GST in course of Inter-State trade or commerce: a) 279A b)
SURENDER KR. SINGHAL & CO
PROPOSED TAX RATES FOR FINANCIAL YEAR 2016-17 A. Y. 2017-18 Income Tax Rates for Individuals, HUF Individuals, Hindu Undivided Families (HUF) and Artificial Jurisdictional Person: Net Income Range Income
Procedures under GST BY CA LAKSHMI G K. Hiregange & Associates
Procedures under GST BY CA LAKSHMI G K 1 Coverage Procedure to register under GST Procedure to supply goods Books of accounts to be maintained under GST Procedure to pay GST Procedure to file returns under
GOODS AND SERVICE TAX (GST) TRANSITIONAL PROVISIONS COMPILED AND PREPARED BY : CA SAGAR THAKKAR
GOODS AND SERVICE TAX (GST) TRANSITIONAL PROVISIONS COMPILED AND PREPARED BY : CA SAGAR THAKKAR PRESENTATION COVERAGE TRANSITIONAL PROVISIONS UNDER CGST/SGST ACT SEC. 139 TO 142 OF CGST ACT TRANSITIONAL
VAT CONCEPT AND ITS APPLICATION IN GST
CONTENTS DIVISION 1 INPUT TAX CREDIT 1 VAT CONCEPT AND ITS APPLICATION IN GST 1.1 Background of VAT 3 1.2 Basic Concept of VAT 4 1.2-1 VAT to avoid the cascading effect 5 1.2-2 Input Tax credit system
Rate Chart of services provided by SCI
Rate Chart of services provided by SCI S.No. Nature of service PROVIDED by SCI Tax rate as per GST (on or after 01.07.2017) Indian customer(registered) 1 Time charter/charter Hire Foreign customer 2 Freight
GST (GOODS AND SERVICES TAX) TDS MECHANISM UNDER GST
GST (GOODS AND SERVICES TAX) TDS MECHANISM UNDER GST Tax Deduction at Source (TDS) is a system, initially introduced by the Income Tax Department. It is one of the modes/methods to collect tax, under which,
E-filing of MVAT - CST Returns. CA Dharmen Shah WIRC - ICAI 18 October 2014
E-filing of MVAT - CST Returns CA Dharmen Shah WIRC - ICAI 18 October 2014 1 E-Compliance at Mvat Website E-Compliances Remarks E- Registration Registration under Mvat/ CST/ PT Act. Returns and Annexure
GST- COMPOSITION SCHEME - BOON FOR SMALL TAXABLE PERSONS
GST- COMPOSITION SCHEME - BOON FOR SMALL TAXABLE PERSONS BY: PRADEEP K. MITTAL, ADVOCATE 1 INTRODUCTION: 1: The new composition scheme provides for a simple and easy method of charge and payment of tax
Reversal of Input. Compiled by:- CA Gaurav Goyal CA Varun Garg. Contact Us at:- Updated On 4 th Sep, 2017
Reversal of Input Compiled by:- CA Gaurav Goyal CA Varun Garg Updated On 4 th Sep, 2017 Contact Us at:- info@gsttaxcorp.com 1 Legal Background The Central Goods and Service Tax Act, 2017 Section 17(1)
BUSINESS PROCESSES ON GST RETURN
Content provided by Mr. Vineet Bhatia, Advocate BUSINESS PROCESSES ON GST RETURN Proposed returns in the GST regime are quite detailed in nature, with emphasis on cross-matching of data submitted by various
Suggestions on GST Implementation Issues (28 th SEPTEMBER 2017)
s on GST Implementation s (28 th SEPTEMBER 2017) Indirect Taxes Committee THE INSTITUTE OF CHARTERED ACCOUNTANTS OF INDIA NEW DELHI s on GST Implementation s- September 2017 INTRODUCTION 1. The Institute
All you should know while filing GSTR - 3B Return
All you should know while filing GSTR - 3B Return Filing of GSTR-3B return is the first formal communication of business transactions with the government machinery in the GST era. It holds lot of importance
Recent Amendment in MVAT & CST Laws
Recent Amendment in MVAT & CST Laws Presented by CA Harsh Bajaj On Sunday 17 th June, 2012 For J. B. Nagar CPE Study Circle of WIRC. 1 Maharashtra Value Added Tax (Third Amendment) Rules, 2012 (Notification
GST. Concept & Roadmap By CA. Ashwarya Agarwal
GST Concept & Roadmap By CA. Ashwarya Agarwal 1 What is GST?? GST Goods and Services Tax Clause 12A of Article 366 of The Constitution of India goods and services tax means any tax on supply of goods,
Returns in goods and services tax
Returns in goods and services tax A brief overview by Shri Sunil Lahane, Dy Commissioner, Sales Tax Outline What s special about GST return? Overview of Returns to be submitted by regular tax payers Process
Case Studies On Reverse Charge Mechanism-GST
Case Studies On Reverse Charge Mechanism-GST Event Date : 23 rd July 2017 Presented to Vasai Branch of WIRC Case Study-1 RCM Supply subject to 9(4) CGST were availed by TaxablePerson in the month of July
News Alert 02nd January 2019
News Alert 02nd January 2019 Notifications Notification No. 74/2018-CGST 1. No person shall be allowed to furnish information in Part A of GST EWB-01 where the supplier or recipient has not furnished the
Invoice, Accounting and TRAN1 form under GST
Invoice, Accounting and TRAN1 form under GST Basic Understanding: 1. GST is leviable on SUPPLY made for CONSIDERATION made at a PLACE on a VALUE at such RATE on such TIME - PLACE: Supply Within State -
Input Tax Credit Rules
Input Tax Credit Rules Rule# Rule title Form # Time Limit Section Reference Text of the Provision Analysis 1 (1) Documentary requirements and conditions for claiming input tax credit 1 (2) Documentary