Under Section 25(8), when a person who is liable to get registration under the GST Act, but has failed to do so, for whatever reasons. And it comes to the notice of an officer, during a survey, inquiry, inspection, search or some other proceedings under the Act. Thereafter, that officer can take action to generate a Temporary ID, [...]
Introduction to CBEC (CBIC) The Central Board of Excise and Customs (CBEC) now renamed as the Central Board of Indirect Taxes and Customs (CBIC) is the online portal and the department which deals with everything related to GST, Taxation, as well as, revenue. CBEC (now CBIC) is a part of the Department of Revenue under the [...]
29th GST Council Meeting It has almost been a whole year since the implementation of GST. It is safe to say that there were many initial glitches in the implementation of the act. However, the government has introduced many radical changes in the GST Returns as well as GST registration procedures with simplified GST refund claim procedures [...]
What is GST? Unless you've been living under a rock, you must have heard about GST. On the 1st of July 2017, the taxation system in India was changed forever. GST is basically an indirect tax levied on the sale of goods and services. GST replaced the old system of VAT(Value Added Tax). Many government officials [...]
GST: Hit or miss? It is safe to say that the implementation and operations of GST had some initial glitches with the GST return procedures amongst others, most of these glitches have been resolved to a good extent. The government also had it's hands full providing bi-monthly compensation to states which rose significantly in the past [...]
GST Refund Claim Issues GST has surely been a welcome change bringing much-needed structure to the taxation system in India. However, there have been many glitches and implementation issues for GST Return and compliances. One of the issues for businesses is the process of GST refund claim. A lot of businesses were already facing liquidity issues, [...]
Due Dates Moved It's a sigh of relief for a lot of taxpayers when the Central Government extended the GSTR1 and GSTR3B due date. The Ministry of Finance released a notification on the 10th of September 2018, which basically states that the date for furnishing the FORM GSRT1 for the time period July 2017- September 2018 [...]
GST and GST Returns: Introduction An idea to reform the tax structure in India took birth in the year 2000 with the efforts of an Empowered Committee(EC) under the Late Shri Atal Bihari Vajpayee. It finally came to fruition in the year 2017 with the adoption of the Good and Services Tax(GST) Act, 2017. Since then, [...]
LegalRaasta GST Extension | LR GST Helper LegalRaasta has developed an extension for GST – “LR GST Helper”. Legal Raasta's extension will enable user to directly login to the GSTN portal, without entering any credentials. Following are the steps you need to follow in order to make this extension useful for GSTR1: Login to TaxRaahi [...]
GST is basically a destination based tax that is applicable at the time of consumption of services and products by the end-user. The GST tax is similar to the VAT tax that applies to the goods and services rendered to the end-user. Also, GST taxation law is made to ensure the financial transactions of the businesses have [...]
