The government of India waived penalty on delayed filing of initial GST returns for the months of August and September. “To facilitate taxpayers, late fee on filing of GSTR-3B for August and September has been has been waived,” Finance Minister Arun Jaitley said on tweeted. From the GST Tweets: from Read more…
GST Council Decisions: We have kept all the decision of 22 GST council meeting from ASK GST Tweet feed in readable format. check more at : Twitter OR/ Whatsq GST Feed GST Rate changes as per 22 GST Council Meeting Press release for 22nd GST Council meeting
Followings were the major points for 22nf GST council meeting Turnover for composition scheme raised from ₹75 Lakhs to₹ 1 crores. E-way bill provisions deferred till April 2018. Reverse charge to be abolished till 31.03.2018. Quarterly returns for taxpayers with annual turnover less than ₹1.5 crores. Tax to be paid Read more…
जीएसटी के तहत घर ख़रीदारों पर कोई अतिरिक्त बोझ नहीं हैं । माल और सेवा कर – अच्छा है सरल हैं #GSTSimplified pic.twitter.com/pdOsK6ElPc — GST@GoI (@askGST_GoI) September 16, 2017 No additional burden on Home Buyers under GST #GoodAndSImpleTax #GSTSimplified pic.twitter.com/KcIDRgxzuh — GST@GoI (@askGST_GoI) September 16, 2017
Attention Taxpayers ! Return Filing deadlines have been extended for July 2017 #GoodAndSimpleTax pic.twitter.com/7Rq5kvBAPZ — CBEC (@CBEC_India) September 13, 2017
The fitment of rates of services were discussed on 19 May 2017 during the 14th GST Council meeting held at Srinagar, Jammu & Kashmir. The Council has broadly approved the GST rates for services at Nil, 5%, 12%, 18% and 28% as listed below. The information is being uploaded immediately after the GST Council’s decision (more…)
Under GST regime Input Credit available for GST payment will be smooth but will have few conditions and restrictions as in existing Cenvat rule.
Below are few area where GST input is either conditional or (more…)