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Setting up of an IT Grievance Redressal Mechanism – Snapshots

CBIC on 3rd April 2018 via Circular no. 39/12/2018-GST decided to put in place an IT-Grievance Redressal Mechanism to address the difficulties faced by a section of taxpayers owing to technical glitches on the GST portal and the relief that needs to be given to them. Where it has been identified that there is failure in filling returns or forms with in time specified due to IT related glitch and evidence available to estabilish bonafide attempt has been made to comply with the process of filing of form or return, GST Council has delegated powers to the IT Grievance Redressal Committee to approve and recommend to the GSTN the steps […]

How to rectify error in GSTR 3B

Introduction: In this article, we will understand following: Stages of returns Type of Error in GSTR-3B Rectification of error made while filling GSTR-3B Earlier it has been clarified that error in GSTR-3B can be rectified while filling GSTR-1 and GSTR-2, however since the mechanisms is not implemented till now, this video provide detail scope on how rectification can be done in GSTR-3B Amendment, Corrections and Rectifications of returns: FORM GSTR-3B do not contain provisions for reporting of differential figures for past month(s), the said figures may be reported on net basis along with the values for current month itself in appropriate tables While making adjustment in the output tax liability […]

GST Update – 02nd January 2018

GST Update 2nd January 2018   Extension in Various Due Dates for Return filling   S no Descriptions Form no Period Revised Date Notification No 1 The registered person who is eligible to avail ITC u/s 18(1) GST ITC – 01 July’17 August’17 September’17 October’17 November’ 2017 31st January 2018 67/2017-Central Tax ,dt. 21-12-2017 2 Return filled by the non-resident person GST ITC-05 July’17 August’17 September’17 October’17 November’ 2017 December’2017 31st January 2018 68/2017-Central Tax ,dt. 21-12-2017 3 Furnishing of Return by a person supplying online information and database access or retrieval services from a place outside India to a non-taxable online recipient GST ITC-5A July’17 August’17 September’17 October’17 November’ […]

Form and Manner of Appeal to the Appellate Authority for Advance Ruling

Form and Manner of Appeal to the Appellate Authority for Advance Ruling An Appeal against advance ruling shall be made by applicant in quadruplicate in FORM GST ARA-02. An Appeal against advance ruling shall be made by concerned officer or jurisdictional officer in quadruplicate in FORM GST ARA-03. Fee of Rs. 10,000 to be deposit online and challan of such payment to be filed along with such application. No fee shall be paid in case appeal is made by jurisdictional officer. Such appeal shall be filled within 30 days from the date of communication of such ruling. Relevant Text of Circular: CIRCULAR NO.25/25/2017-GST [F.NO.275/22/2017-CX.8A], DATED 21-12-2017 Form and Manner of Appeal […]

Form and Manner of Application to the Authority for Advance Ruling

Form and Manner of Application to the Authority for Advance Ruling Manual application for obtaining advance ruling shall be made in quadruplicate in FORM GST ARA-01. Such application clearly states the question on which advance ruling is required. Fee of Rs. 5000 to be deposit online and challan of such payment to be filed along with such application. Such application shall be filed as per below table:   Sno Type Signed by 1 In the case of individual By individual or person authorised on this behalf 2 In case of HUF By karta or person authorised on this behalf 3 In case of company By CEO or authorised person 4 […]

Manual filing and processing of refund claims on account of inverted duty structure, deemed exports and excess balance in electronic cash ledger

Manual filing and processing of refund claims on account of inverted duty structure, deemed exports and excess balance in electronic cash ledger Refund on account of following shall be filled and processed manually. Refund of unutilized input tax credit where the credit has accumulated on account of inverted duty structure. Refund of tax on the supply of goods regarded as deemed exports. Refund of balance in the electronic cash ledger. Condition for claiming refund: Refund shall be filed on monthly basis in form GST RFD – 01A. In case registered person filled quarterly return, such refund shall be filed quarterly basis. Filing GSTR-1 and GSTR-3B is mandatory before claiming refund. […]

MAINTENANCE OF BOOKS AND ACCOUNTS RELATING TO ADDITIONAL PLACE OF BUSINESS BY A PRINCIPAL OR AN AUCTIONEER

ACCOUNTS AND OTHER RECORDS – ISSUES IN RESPECT OF MAINTENANCE OF BOOKS AND ACCOUNTS RELATING TO ADDITIONAL PLACE OF BUSINESS BY A PRINCIPAL OR AN AUCTIONEER FOR PURPOSE OF AUCTION OF TEA, COFFEE, RUBBER, ETC. Difficulty: It is represented that both the principal and auctioneer may be allowed to maintained books of accounts relating to additional place of business at their principal place of business itself as difficulties being faced by a principal and an auctioneer in relation to maintaining books of accounts at each and every additional place of business related to stock of goods like tea, coffee, rubber, etc. meant for supply through an auction. First proviso of […]

TREATMENT OF SUPPLY BY AN ARTIST IN VARIOUS STATES AND SUPPLY OF GOODS BY ARTISTS FROM GALLERIES

CLARIFICATION ON ISSUES REGARDING TREATMENT OF SUPPLY BY AN ARTIST IN VARIOUS STATES AND SUPPLY OF GOODS BY ARTISTS FROM GALLERIES In case of work of art given to galleries, Treatment of taxability in the hands of artist when handover to art galleries or at the time of actual supplies by the galleries. Clarification as given below: As per combined reading of Rule55(1)(c ): Delivery challan shall be issued for transportation of goods where such transportation is for reason other than supply. Rule55(3): Such delivery challan shall be declared as per Rule 138 Rule55(4): Tax invoice shall be issued after supply in case such invoice could not be issued at […]

Waives the late fee payable for failure to furnish the return in FORM GSTR-4

Waives the late fee payable for failure to furnish the return in FORM GSTR-4 The Central Government, on the recommendations of the Council, hereby waives the amount of late fee payable under section 47 of the said Act, by any registered person for failure to furnish the return in FORM GSTR-4 by the due date, which is in excess of an amount of twenty-five rupees for every day during which such failure continues.

Notifies the date from which E-Way Bill Rules shall come into force

As per the notification no 74 dated 29th December 2017, Eway bill shall be applicable from 01st February 2018 74/2017-Central Tax ,dt. 21-12-2017  

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