News & Update

/News & Update
News & Updates|| New enhancements in E-Way bill generation form to be rolled-out from October 1, 2018|| CBIC issues guidelines for deduction and deposit of TDS by DDO under GST

Extension of Due date to file GSTR-10

As per section 45 of the CGST Act, 2017 every person whose registration has been canceled is required to file a final return within three months from the date of cancellation of registration or the date of the order of cancellation, whichever occurs later. For example, the officer has canceled the registration on 21st August 2018 and [...]

Extension of Due date to file GSTR-10 2018-11-13T04:05:09+00:00

Extension of Deadline to file GST ITC-04

As per Rule 45 of the Central Goods and Service Tax Rules, the details of challans in respect of goods dispatched to a job worker or received from a job worker or sent from one job worker to another during a quarter is to be filed in FORM GST ITC-04. The same is to be furnished [...]

Extension of Deadline to file GST ITC-04 2018-11-11T03:22:20+00:00

Authorities under Ministry of Defence exempt from TDS compliance under GST

Section 51 of the CGST Act, 2017 lays down for the deduction of tax @ 1 % from the amount paid to the supplier who has supplied goods or services or both. The tax shall be deducted only if value of the goods or services supplied does not exceeds INR 2,50,000.00 only. Section 51 specifies for [...]

Authorities under Ministry of Defence exempt from TDS compliance under GST 2018-11-05T10:00:05+00:00

CBIC extended rectification facility to shipping bills filed upto 15th November 2018

The Director (Customs), Central Board of Indirect Taxes and Customs has released a circular no. 40/2018 on 24th October, 2018. This circular was addressed to the Commissioners of Customs and Central Excise. The subject of the circular is IGST Export Refunds – extension in SB005 alternate mechanism and revised processing in certain cases including disbursal of [...]

CBIC extended rectification facility to shipping bills filed upto 15th November 2018 2018-11-03T12:21:04+00:00

Dealers opting for composition scheme not required to furnish details of inward supplies in GSTR-4

The Press Information Bureau, New Delhi has released a Press Release on October 17th, 2018 for filing of the Quarterly Return in Form GSTR-4 by the Composition Dealers. Form GSTR-4 is the quarterly return to be filed by the GST Registered taxpayers who has opted for GST composition scheme. The same is required to be filed [...]

Dealers opting for composition scheme not required to furnish details of inward supplies in GSTR-4 2018-10-27T09:17:48+00:00