30th GST Council Meeting : Formation of GoM and State’s Revenue Discussion The 30th GST council meeting was held on 28th of September 2018, Friday via video conferencing. Main discussion were on formation of Group of Ministers and GST revenue situation in all the states

By |2018-10-10T08:08:07-05:30October 10th, 2018|Categories: GST Law, GST News|Tags: , , , , , , |

30th GST Council meeting came out with some positive and good steps to ease compliance of GST and also wrinkle out the hindrances in the implementation of GST. The 29th GST Council meeting focused on Digital Payments and Empowering MSME sector. In the 30th Meeting of the GST council, the council came out with two objectives [...]

GSTR 9C : Reconciliation of Input Tax Credit and Certification

By |2018-09-20T06:49:33-05:30September 19th, 2018|Categories: GST, GST News|

Introduction It's been more than a year since GST was implemented in India. The government is still working out the kinks and fine-tuning the details of the new taxation regime. Many radical changes have been introduced to ease the migration to GST with GST registration procedure and simplification of GST Returns. Read more about GST returns [...]

National Anti Profiteering Authority in GST

By |2018-10-23T08:28:58-05:30September 6th, 2017|Categories: GST News|

Introduction Some countries show that there has been inflation and prices increased after GST implementation. National Anti Profiteering authority made by the Constitution to ensure that the consumer is protected from the random price increase in the name of GST. Even if there is the availability of the tax credit right from the production stage to [...]

GSTR 1 Guide : Return formats, Filing process, Due dates

By |2017-09-02T07:52:22-05:30September 2nd, 2017|Categories: GST, GST Law, GST News, GST Return Filing, Videos|

What is GSTR 1? GSTR 1 prescribes the details to be provided by the taxpayer in relation to outward supplies made to the buyer for the relevant period. GSTR 1 needs to be filed by every taxpayer except Composition Scheme taxpayers, Non-Resident Foreign taxpayers, TDS deductors, E commerce Operators and Input Service Distributors as there are separate returns [...]

Procedure and Criteria for TDS under GST

By |2018-05-26T12:01:28-05:30July 26th, 2017|Categories: GST, GST Impact, GST Law, GST News, GST Registration, GST Return Filing|

TDS under GST are introduced in order to regulate unorganized sectors in the market. We are providing all the information related to the procedure and criteria for TDS under GST. It may be noted that as per the notification issued by the government on 26th June 2017, the provisions of TDS has been put on hold [...]

GST Registration Process

By |2017-08-30T10:19:07-05:30June 21st, 2017|Categories: GST, GST Law, GST News, GST Registration, Videos|

Introduction GST registration process is an important function to become a part of GST. This article would help the readers to solve their queries related to the GST registration process. GST registration process will be online through a portal maintained by GSTN (Goods and [...]

Exemptions under GST Registration

By |2017-08-22T10:20:37-05:30June 21st, 2017|Categories: GST, GST Law, GST News, GST Registration, Videos|

This article is all about the exemptions under GST registration mentioned by the Government of India. GST registrations will start latest by 1st July 2017. There are some people who are exempted from the GST Registration based on what is the nature of their supply. [...]

Impact of GST on Transport Sector

By |2017-08-22T10:50:14-05:30June 20th, 2017|Categories: GST, GST Impact, GST News, GST Rate Change|

Transport Sector Taxation on transport sector at a national level will result in more efficient cross-state transportation less paperwork for road transporters bringing down logistics costs Presently, all 29 states collect taxes at different rates on goods that move across their borders. As a result, tax on freight is collected multiple times. Also, there are long [...]

Relaxation under GST Return filing

By |2017-08-22T11:02:22-05:30June 19th, 2017|Categories: GST, GST Law, GST News, GST Return Filing|

Introduction GST Council has decided to implement GST from 1st July. Finance Minister Arjun Jaitley announced that there will be a special launch of GST at New Delhi on the midnight of 30th June.  Now it’s certain that GST roll out date won’t be postponed from 1st July 2017 but necessary relaxation in return filing rules will be given. The objective [...]