If Supplier defaults in payment of taxes then primary liability lies with supplier and ITC is not reversible by the recipient
GST paid on outward supply at reduced rate by claiming exemption notification| ITC accumulated can’t be refunded under “Inverted Duty Structure
An online platform for E-personal hearings. This is built for the Adjudicating Authority and is the process that is to be held after the issuance of DRC-01/02 (Show Cause Notice/Statement of Demand) to meet the principles of natural Justice.
Being a goods or service provider, it’s mandatory for you to register for GST in cases annual turnover exceeded the threshold limit specified for GST registration. Businesses failing to register under the GST regime will have to incur heavy fines and penalties. Here we are going to talk about everything about the GST. Scroll through and learn everything. 1. What is GST Registration? The Goods and Service Tax (GST) applies to all Service providers, traders, and manufacturers etc. The list includes freelancers as well. Basically, GST subsumes a variety of central taxes (like Service Tax, CST, Excise Duty) and State
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
E-Way Bill notified by Rajasthan Government Rajasthan Govt. notifies e-way bill mechanism w.e.f. today, i.e. December 20, 2017 for inter-state movement of specified goods where consignment value exceeds Rs. 50,000/-; Every person who causes such movement must, before commencement, furnish information electronically in Part A of E-way Bill which includes below details and thereafter the consignor / consignee may generate E-way Bill upon furnishing vehicle number in Part B. Part A A.1 Recipient’s GSTIN A.2 Place of Delivery A.3 Invoice/Challan number & Date A.4 Value of Goods A.5 HSN Code A.6 Reason for transportation A.7 Transport document number Part-B B.
System for both inter-State and intra-State e-way Bill generation will be ready by 16th January, 2018. Uniform system implemented for inter-state and intra-state movement will be implemented across the country by 01th June 2018. The nationwide e-way Bill system will be ready to be rolled out on a trial basis latest by 16th January, 2018. Trade and transporters can start using this system on a voluntary basis from 16th January, 2018. Compulsory implementation for Inter-state movement of Goods w.e.f 01st February 2018. Read all GST Council Meetings , Relief To Business In GST 23rd Council Meeting
Detailed Frequently question released by CBEC on migration to GST Goods and service tax. This 19 detailed FAQ answer all possible quires. Read more about FAQ on GST Registration
Want to talk to us
Leave your Name, email, Phone number along with what you are looking for in message box or you can call us at 011-41715118
Keep up to date — get updates with latest topics. Signup for our newsletter today.
We serve on FDI advisory, cross-border accounting, International tax planning and Management consulting needs of our overseas clients all over the world.
Corporate Office: 601, 6th Floor, GMIT Park, Sector 142, Noida Exp Way, Noida – 201305
Registered Office: 44, Backary Portion, 2nd Floor, Regal Building, New Delhi 110001
Landline: 0120-4415477-78
info@vjmglobal.com
+91 9891576441, 9213397070, 9911887030
Mon – Fri: 09:00am – 06:00pm
Closed on Weekends
V J M & Associates LLP