E Way Bill under GST
E-way bill under GST:- Every registered/unregistered person who intends the movement of goods of consignment exceeding the value of Rs. 50,000/- shall issue an E-Way Bill from GSTN Portal. It [...]
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RENTING OF IMMOVABLE PROPERTY- GST OBLIGATION
From 01.07.2017 the change to GST regime has also mandated the levy of GST in case of renting of immovable property. Still there are two general questions arise in the [...]
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Manual Filling and Processing of Refund Claim for Zero rated Supplies-GST
Zero Rated Supplies of Goods:- In GST Regime any registered person may make zero rated supplies of goods and/or services either under Bond or LUT concept where IGST is not [...]
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Summary of Updates from 23rd GST Council Meeting held on 10/11/2017
178 items have been moved from 28 per cent to 18 like chewing gums, Detergent, marble floorings, toiletries to 18 per cent from existing 28 per cent. New rates to [...]
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Big Challenge Awaits Under GST Regime- E WAY BILL
GST Council in its meeting on August 5th, 2017 has approved the implementation of E Way bill system. However, the GST Council has now decided to defer the implementation of [...]
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Clarification on issues related to furnishing of Bond/Letter of Undertaking (LUT) for exports
As per Notification No.- 37 /2017 – Central Tax dated 4th October 2017 Every registered persons who intend to export the goods or services without payment of IGST shall [...]
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Summary of Press Release Dated 06-10-2017
Goods & Services Tax & GST Council is a constitutional body for making recommendations to the Union and State Government on issues related to Goods and Service Tax. … As per [...]
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Procedure of Export and claiming of Refund under GST regime
After implementation of GST, the exports have been categorized as zero rated supply and hence duties or taxes paid either on inputs/ inputs services or on final products, are to [...]
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GOODS AND SERVICES TAX RECENT UPDATES
Central Government Waived Late Fee:- The government has already waived late fee for any delay in filing GSTR-3B from February to June, 2020 to reduce compliance burden for small businesses having turnover less than [...]
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Usage of GSTIN or PAN in place of IEC
According to Foreign Trade (Development & Regulation) Act, 1992, no person shall make any import or export except under an Importer Exporter Code (IEC) number granted by Directorate General of [...]
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