The 33rd meeting of the GST Council was held through video conferencing where the last date for filling GSTR 3B form was extended for two days.

The e-way bill for intra sate movement of goods will be applicable in Haryana from April 20.

Those dealers who have claimed transitional deemed credit of 60% & 40% in GST TRAN 1 form need to file TRAN 2 form by 31-3-2018. Non-filing will disallow your claim.

Now this time government is very concern of transparency in new tax regime and taking significant action against any type of alleged transaction.

Goods and Service tax (GST) has on February 21, introduced few latest changes in GSTR-3B to make it more user friendly.

the IT-backbone provider for GST, on glitches in the system that derailed the anti-tax evasion electronic way bill system on the very first day of launch.

The government on Thursday postponed implementation of the e-way bill requirement for movement of consignments in the GST regime after technological glitches led to disruption in trade.

AS per recent clarification issued through circular, regarding levy of GST on speculation services, there are certain issues which are discussed

The Central govt. has issued some clarification regarding levy of GST on supply of service of accommodation of services which are discussed as

According to GST law, Every Person is required to get registration under GST law if Turnover of its business exceeds Rs. 20 Lakh (in some specified states it is Rs. 10 Lakh). The meaning of Turnover is expressly defined by GST law under Section 2 as follow: Aggregate Turnover shall include all taxable supplies, exempt … Continue reading “Meaning of Aggregate Turnover under GST Law”

The Finance Ministry has permitted businesses to rectify mistakes in their monthly returns – GSTR-3B – and adjust tax liability, a move that will help them file correct returns without fear of penalty. This relaxation will give an opportunity to businesses to claim tax credit correctly by rectifying the mistakes made initially while computing GST liability. Businesses … Continue reading “Rectification of Returns under GST”

The government suspects that its composition scheme meant to ease life for small businesses is being misused with the average quarterly turnover estimated at Rs 2 lakh.

As per the admonition of Goods and Services Tax (GST) Council, the Central government has waived the late fee payable by any registered taxpayer for

The Ministry of Finance vide its notification no. 1/2018- Central Tax dated January 1, 2018 as new amendments have been made in Goods and Services Tax

The Goods and Services Tax (GST) revenue is expected to escalate by 20-25% after the commencement of electronic way (e-way) bills. This will track