Introduction- GST Council in its very first meeting of year 2019, gives compliance relaxation to service provider/supplier, (having turnover upto 50 lakhs) by proposing GST Composite Scheme for Service providers at rate of 6%. As per 32nd…
[TO BE PUBLISHED IN THE GAZETTE OF INDIA EXTRAORDINARY, PART II,SECTION 3, SUB-SECTION (i)]Government of IndiaMinistry of Finance(Department of Revenue) Notification No. 10/2019-Central Tax …
Doubts have been raised whether sub-section (3) of section 18 of the Central Goods and Services TaxAct, 2017 (hereinafter referred to as „CGST Act‟) provides for transfer of input tax credit which remains unutilized to…
According to the latest data from the central government, so far around Rs 20,000 crore of Goods and Services (GST) has been stolen in the country, in which about half of the amount has been…
‘A’ is an entrepreneur from Gujarat. His Company owns a Five Star Hotel, Marriage Garden & a Convention Centre in M.P. As the GST is still at nascent stage, he has following three queries: Query…
Today is last date to file GSTR 3b for the month of January 2019 and GST portal is not working since morning. It was expected that GST council may extend the Due date of filing…
There are high provisions under GST for returns, tax payments, and details to be submitted by registered persons which cannot be complied with by small suppliers and manufacturers. A composition scheme under GST has been…
The Provisions of GST (Amendment) Act 2018 have been made applicable from 1st February 2019. Below is the gist of the amendments made thereon : 1. Definitions i. Central Board of Excise & Customs (CBEC) has been substituted…