Exporters to get tax refund under GST within 7 days: –

Assured to the exporters that they would get their refund tax claims within seven days under the new goods and services tax (GST) regime....

Supply Chain Units Of Big Firms To Be More Efficient Under GST:-

GST rate will make sugar slighty cheaper in two southern states, remove the tax advantage at tea auctions, and leave cooking oil price unchanged....

GST Council Meets on 3rd June – Textile, Footwear, gold, beedis and cigarettes, biscuits,...

GST Council Meets on 3rd June - Textile, Footwear, gold, beedis and cigarettes, biscuits, bio-diesel and agricultural implements on the Cards The Goods and Services...

Declaration of GSTIN in Custom documents mandatory from 1st July

Declaration of GSTIN in Custom documents mandatory from 1st July Declaration of valid GSTIN in Customs documents (BE/SB) would be mandatory w.e.f. 0000 hrs of 01-07-2017,...

Valuation of supply under CGST Act, 2017 and Rules thereof – A Simplified Analysis

Valuation of supply under CGST Act, 2017 and Rules thereof – A Simplified Analysis By CA Ankit Gulgulia (Jain) Value for supply of goods and services is...

A Small Point but Big Pain for Textiles Industry – GST Impact

A Small Point but Big Pain for Textiles Industry – GST Impact   By CA Ankit Gulgulia (Jain)   If you are in Readymade Garments Sector, I am...

A Small Point but Big Pain for Textiles Industry – GST Impact

A Small Point but Big Pain for Textiles Industry – GST Impact   By CA Ankit Gulgulia (Jain)   If you are in Readymade Garments Sector, I am...

GST Tax Rates ~ Impact on Weaving (Textile) Industry

GST Tax Rates ~ Impact on Weaving (Textile) Industry By CA Nirmal Ghorawat (Surat) The GST Council in its meeting dated 3 June 2017 finalised the tax...

GST Changes by 16th GST Council Meet – Quick Glance Compilation

GST Changes by 16th GST Council Meet dated 11.6.2017 Ø Decisions in regard to Services taken by the GST Council in the 16th meeting held on 11th of June...

GST ON REAL ESTATE – ANTI PROFITEERING IS THE BIG AGENDA

GST ON REAL ESTATE – ANTI PROFITEERING IS THE BIG AGENDA By CA Ankit Gulgulia (Jain) Yesterday, in the evening CBEC issued a PRESS RELEASE No. F. No.296/07/2017-CX.9...

GST Transition ALERT – Not filed VAT Returns? – You will Lose Service Tax...

GST Transition ALERT- Not filed VAT Returns? -You will Lose Service Tax Credit & Even Vice Versa  by CA Ankit Gulgulia (Jain) Yes, you read it right!...

How To File Registration under Composition Scheme of GST

Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 3 /2017 - Central Tax   New Delhi, 19th June, 2017 29 Jyaistha, 1939 Saka G.S.R....

Will GST Reduce Flat Price – NDTV Discussion (Video)

Will GST Reduce Flat Price - NDTV Panel Discussion (Video) Recently, CBEC released a Press Release that it has received many complaints from the home buyers...

GST In 2 Hours – The Charts, Tables & Diagrams Way (Licensed E-Book)

GST In 2 Hours - The Charts, Tables & Diagrams Way (Licensed E-Book) Buy Now   Price - Rs 225/- per Licensed Copy*  | Page Count -...

Why Reverse Charge under GST Will Hurt Small Businesses

Why Reverse Charge under GST Will Hurt Small Businesses  Reverse Charge Mechanism under Service Tax and Purchase Tax under VAT has been present for some time now. These provisions...

How to Login and Enrol At GST Portal – Video

How to Login and Enrol At GST Portal - Video   Below is the Video to Explain, How to Login and Enrol at GST Portal at www.gst.gov.in     Related...

18% GST ON BUILDERS AND DEVELOPERS – WHAT IS THE CHANGE

18% GST ON BUILDERS AND DEVELOPERS - WHAT IS THE CHANGE  Hope you are not Surprised by the Rate 18% instead of 12% earlier applicable...

TDS UNDER GST – Who, When, How and Penalties

TDS MECHANISM UNDER GST Tax Deduction at Source (TDS) is a system, initially introduced by the Income Tax Department. It is one of the modes/methods...

51 Notifications in A Day on GST – Quick Glance Summary of All of...

51 Notifications in A Day on GST – Quick Glance Summary of All of them The Government of India has issued bundle of notifications on...

HOW TO PREPARE GST RETURN (GSTR-1) – A PRACTICAL STEP BY STEP GUIDE (SCREENSHOTS)

HOW TO PREPARE GST RETURN (GSTR-1) – ALL DETAILS PRACTICAL GUIDE By CA Ankit Gulgulia (Jain) Introduction to Excel based template for data upload in Java Offline...

Duty Drawback for supplies made by DTA units to Special Economic Zones in the...

Duty Drawback for supplies made by DTA units to Special Economic Zones in the GST scenario Attention is invited to Board’s Circular No. 43/2007-Customs dated...

Export procedure and sealing of containerized cargo in GST

Export procedure and sealing of containerized cargo-regarding.   Goods and Service Tax has become operational from 01-07-2017. In the GST regime, the governing provisions related to...

Issues related to furnishing of Bond/ Letter of Undertaking for Exports–Reg.

Issues related to furnishing of Bond/ Letter of Undertaking for Exports–Reg. Various communications have been received from the field formations and exporters on the issue...

GST on Educational Services – A Quick Screener

GST on Educational Services - A Quick Screener Under the existing service tax legislation, the negative list of services (i.e. the list of services on which...

Impact of GST on Import, Export, EPCG, Advance Authorisation, DEEC, DFIA, SEIS & MEIS

Impact of GST on Import, Export, EPCG, Advance Authorisation, DEEC, DFIA, SEIS & MEIS Under the GST regime, Customs duties will be exempted on imports...

Who Needs & Who Does Not Need GST Registration – Hindi Video (5 Minutes)

Who Needs & Who Does Not Need GST Registration - Hindi Video (5 Minutes)   In Last few days, we have got maximum queries from readers...

Bitcoins Might Be Made Taxable under GST Soon

Bitcoins Might Be Made Taxable under GST Soon   By CA Ankit Gulgulia (Jain) Currently, neither illegal nor legal in India, Bitcoin affords anonymity, in grey area The...

Road Permits Under UP GST from 26th July – Even for Pass-through, Is it...

Road Permits Under UP GST- Ewaybill 01, 02, 03, TDF-01 & TDF-02 w.e.f 26th July,2017 Deferred till 15th August, 2017 This is to inform you that...

GST Anti Profiteering Only on Mass Impact

The proposed anti-profiteering authority under the new goods and services tax (GST) regime will take up for scrutiny only those cases that have mass...

GST On Job Work – Few Important FAQ’s

Come FAQ with  answer on Job Work  based on interpretation of the relevant sections of GST Act 2017. Since we have received multiple calls from...