RECOMMENDATIONS FOR CHANGES IN GST/IGST RATE AND CLARIFICATIONS IN RESPECT OF GST RATE ON CERTAIN GOODS

RECOMMENDATIONS FOR CHANGES IN GST/IGST RATE AND CLARIFICATIONS IN RESPECT OF GST RATE ON CERTAIN GOODS

[As per discussions in the 23rd GST Council Meeting held on 10th November, 2017]

These decisions of the GST Council are being communicated for general information, and  will be given effect to through Gazette notifications / circulars which only shall have the force of law. Read the rest of this entry »

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Decisions taken by the GST Council in the 22 ndmeeting held on 6 th October 2017

The following decisions were taken by the GST Council at its 22nd meeting held in Vigyan
Bhavan on 6th October, 2017. The information is being uploaded immediately after the GST Council’s decision and it will be subject to further vetting during which the list may undergo some changes. The decisions of the GST Council are being communicated for general information and will be given effect to through gazette notifications which shall have force of law. Read the rest of this entry »

Recommendations made by the GST Council in the 22nd meeting at New Delhi on 6th October, 2017

The GST Council, in its 22nd meeting held at New Delhi on 6th October 2017, has recommended the following facilitative changes to ease the burden of compliance on small and medium businesses:
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Extension of last date of filing of GSTR1 for the month of July

The Government has extended the date of filing of GSTR1 for the month of July to 10th October, 2017.

Source:Economic Times.

Late fee for late filing of GSTR3B waived for the month of July

The Central Government vide Notification no:28/2017 has waived the late fee for late filing of GSTR3B for the month of July.

The notification reads as follows:

Government of India
Ministry of Finance
Department of Revenue
Central Board of Excise and Customs

Notification No.28 /2017 – Central Tax

New Delhi, the 01st September, 2017

G.S.R. ( )E.:- In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby waives the late fee payable under section 47 of the said Act, for all registered persons who failed to furnish the return in FORM GSTR-3B for the month of July, 2017 by the due date.

[F. No. 349/74/2017-GST(Pt.)]

 

(Dr.Sreeparvathy S.L.)
Under Secretary to the Government of India

Extension of date for filing of GSTR 3B For entities claiming credit in TRANS 1 that is credit from old regime and for other persons not claiming such credit

The last date for filing of GSTR 3B for the registered persons claiming credits of old regime for the month of July, 2017 is 28th August, 2017.

Although the person is required to deposit  by 20/08/2017 and can file return by 28/8/2017 after filing TRANS 1 which will be available on the website from 21st of August, 2017.

For Persons not claiming TRANS 1 credit this montrh will be required to file the return by 20/08/2017 which has been extended to 25th of August, 2017.

Find the notifications below:

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Date for filing of GSTR 3B extended for the month of July.

Government has extended the date of filing of GSTR3B to 25th August, 2017 for those tax payers who do not want to file TRANS1 in August.

For those who wish to file TRANS1 this month will be required to file the return by 28/08/2017 for the month of July.

Source:Twitter Handle of GST@GOI.

Find the press note issued by twitter handle of GST@GOI.

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