Form GST PMT-07 is now available on GST Portal If a taxpayer furnishes a monthly return without making the payment of tax due the furnished return will be considered as invalid return. So payment of taxes under the GST regime needs to Read more…
Tag: GST
After filing of GSTR-1 (details of outward supplies), the taxpayers should file GSTR-2. GSTR-2 is a return containing details of all inward supplies. Based on this return the Input Tax Credit that a taxpayer is eligible to avail is determined. After your suppliers Read more…
The Finance Minister Arun Jaitley-headed panel pushed for big changes in its 22nd meeting to iron out rough edges of the new tax system that has been hit by multiple pain points since it was rolled out on July 1. Read more…
a) In view of the difficulties being faced by taxpayers in filing returns, the following revised schedule has been approved: Sl. No. Details / Return Tax Period Revised due date 1 GSTR-1 July, 2017 10-Oct-17 For registered persons with Read more…
THE CONSTITUTION (ONE HUNDRED AND FIRST AMENDMENT) ACT, 2016 A-1–A-11 THE CENTRAL GOODS AND SERVICES TAX ACT, 2017 1–666 CHAPTER I: PRELIMINARY 1–51 Shorttitle, extent and commencement 1 Definitions 2 CHAPTER II: ADMINISTRATION 52–56 Officersunder this Act 52 Appointmentof officers 53 Powersof officers 54 Authorisationof officers of State tax or Union territory tax as proper officer in certain circumstances 55 CHAPTER III: LEVY AND COLLECTION OF TAX 57–119 Scopeof supply 57 Taxliability on composite and mixed supplies 57 Levyand collection 57 Compositionlevy 78 Powerto grant exemption from tax 87 CHAPTER IV: TIME AND VALUE OF SUPPLY 120–158 Timeof supply of goods 120 Timeof supply of services 130 Read more…