Due dates of GSTR 1, GSTR 2 and GSTR 3 for the month of July & August extended

  [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No. 29/2017 – Central Tax New Delhi, the 5th September, 2017 G.S.R. …..(E).— In exercise of the powers conferred by the second proviso to sub-section (1) of section 37, first proviso to sub-section (2) of section 38 and sub-section (6) of section 39 read with section 168 of the Central Goods and Services Tax Act, 2017 (12 of 2017) and in supersession of notifications No. 18/2017-Central Tax, dated the 8th August, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i) vide number G.S.R. 994 (E) dated the 8th August, 2017, No. 19/2017- Central

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System based reconciliation of information furnished in FORM GSTR-1 and FORM GSTR-2 with FORM GSTR-3B

  Circular No. 7/7/2017-GST F. No. 349/164/2017/-GST Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs GST Policy Wing New Delhi, Dated the 01st September, 2017 To, The Principal Chief Commissioners/Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All) The Principal Director Generals/ Director Generals (All) Subject: System based reconciliation of information furnished in FORM GSTR-1 and FORM GSTR-2 with FORM GSTR-3B – regarding Sections 37, 38 and section 39 of the CGST Act, 2017(hereinafter referred to as ‘the Act’) read with rules 59, 60 and 61 of the CGST Rules, 2017(hereinafter referred to as ‘the Rules’) require every registered person to furnish details of outward supplies made in a month in FORM GSTR-1, details of inward supplies received in a month in FORM GSTR-2

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Late fees on GSTR 3B waived

  [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No.28 /2017 – Central Tax New Delhi, the 01st September, 2017 G.S.R. ( )E.:- In exercise of the powers conferred by section 128 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government, on the recommendations of the Council, hereby waives the late fee payable under section 47 of the said Act, for all registered persons who failed to furnish the return in FORM GSTR-3B for the month of July, 2017 by the due date. [F. No. 349/74/2017-GST(Pt.)] (Dr.Sreeparvathy S.L.) Under Secretary to the Government of India GST READY RECKONER GST Ready Reckoner

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E-WAY BILL RULES

  [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance Department of Revenue Central Board of Excise and Customs Notification No.27 /2017 – Central Tax New Delhi, the 30thAugust, 2017 G.S.R. ( )E.:- In exercise of the powers conferred by section 164 of the Central Goods and Services Tax Act, 2017 (12 of 2017), the Central Government hereby makes the following rules further to amend the Central Goods and Services Tax Rules, 2017, namely:- (1) These rules may be called the Central Goods and Services Tax (Sixth Amendment) Rules, 2017. (2) Save as otherwise provided in these rules, they shall come into force on such date as the Central Government may, by notification in the Official Gazette, appoint.

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CBEC Press Release dt 30.08.2017 on — “GST (Compensation to States) Act 2017”

  PRESS RELEASE Dated 30th August 2017 The Schedule to the Goods and Service Tax (GST) (Compensation to States) Act 2017, specifies the maximum rate at which Goods and Service Tax Compensation Cess may be collected. In respect of motor vehicles, the maximum rate, at which Goods and Service Tax Compensation Cess may be collected, is 15%. 2. Consequent to the GST Council’s recommendation, the Cabinet in its meeting on 30th August, 2017 approved promulgation of an ordinance to suitably amend the Goods and Services Tax (Compensation to States) Act, 2017, so as to increase the maximum rate, at which the Compensation cess can be levied from 15% to 25% on: a) motor vehicles for transport of not more than thirteen persons, including the driver [falling under sub-headings 8702 10,

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List out all GST Transition related issues: CBEC Chairman

  Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs North Block, New Delhi – 110 001 Tel. : +91-11-23092849, Fax : +91-11-23092890 E-mail : chmn-cbec@nic.in DO.No.24/CH(EC)/2017 Dated 25th August, 2017 Dear Colleagues, As you are aware, the 2nd Rajaswa Gyan Sangam is scheduled for 1st and 2nd September, 2017. The Hon’ble Prime Minister is going to address the plenary session and Hon’ble Speaker of Lok Sabha is scheduled to address the valedictory session. Many eminent constitutional functionaries are going to grace the conference. In the light of this background, I have written a letter to all the CCs/DGs/Pr. Commissioners/Commissioners for compliance. DGTS has already initiated the exercise to update SAMPARK and make it available on mobile platform. The mobile app will be launched

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Identifying dealers effecting sale of non-GST goods after 01/07/2017

  Office of: Commissioner of Sales Tax, 8th Floor, GST Bhavan, Mazgaon, Mumbai- 400010 Trade Circular To No: JC/Mahavikas/Non- GST Dealers/2017-18/B- 536 Mumbai, Date 24/8/2017 Trade Circular No: 37T of 2017 Sub: Identifying dealers who are effecting sale of non- GST goods after 01/07/2017. Ref: 1) Maharashtra Goods and Services Tax Act, 2017. 2) Central Goods and Services Tax Act, 2017. 3) Integrated Goods and Services Tax Act, 2017. 4) Maharashtra Act No. XLII of 2017. 5) The Taxation Law (Amendment) Act, 2017. Madam/Gentlemen, A.Background: 1. The Maharashtra Goods and Services Tax Act, 2017 (hereinafter referred to as MST Act”), Central Goods and Services Tax Act, 2017 (hereinafter referred to as “CGST Act’) and Integrated Goods and Services Tax Act, 2017 (hereinafter referred to as “IGST Act”) have come into force from

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Had warned Centre that GSTN won’t be able to take this much load: Dr Amit Mitra

  Thursday, August 24, 2017 ASSOCHAM submits backward regions’ development strategy to WB govt. Kolkata, August 24, 2017: Addressing an ASSOCHAM interactive session, West Bengal finance minister, Dr Amit Mitra today said that he had told the Centre to postpone July 1st launch of Goods and Services Tax (GST) and had sought a whitepaper on preparedness which was not provided to the GST Council. “I had repeatedly said please postpone the launch of July 1, what is the impact – everyday postponements, they are saying that GSTN (Goods and Service Tax Network) could not take the load, this is what I had predicted but they did not pay heed to that,” he said. “Exactly this is what I had said in that meeting, 300-340 crores of up-linking will have to be

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Here’s how a missing column in GST return form is creating trouble for India Inc 

A top conglomerate may have to shell out a bit extra in advance tax this quarter due to an unusual glitch in the tax returns form. Another Delhi-based firm, which does not want to bear any extra tax, may simply deduct the dues before the GST kicked in on July 1 and pay a smaller net amount. The absence of a column in the new GST form for claiming credit on sales made before July 1 this year is causing a lot of worries for India Inc as the filing deadline for the first month of tax returns under GST comes up this week. Many companies don’t know whether the government will rectify this problem by Friday, the deadline for filing returns, and are following different options for resolving the quandary. Multinationals and some of

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LUT/bond will be processed / accepted within 3 working days: CBEC Chairman

  Government of India Ministry of Finance Department of Revenue Central Board of Excise & Customs North Block, New Delhi- 110001 Tel. : +91-11-23092849, Fax : +91-11-23092890 E-mail : chmn-cbec@nic.in Vanaja N. Sarna Chairman DO.No.22/CH(EC)/2017 Dated 11th August, 2017 Dear Colleagues, A number of issues were raised in the last few days on problems being faced by exporters, particularly for taking the facility of Letter of Undertaking (LUT). Notification No. 16/2017 – GST dated 7th July, 2017 was issued specifying conditions for LUT facility. Circular No. 2/2/2017 – GST dated 5th July, 2017 and Circular No. 4/4/2017 – GST dated 7th July, 2017 were issued clarifying the various issues and giving instructions for uniform implementation of the law. CBEC has today issued a third circular on this subject covering in a comprehensive manner all the issues related to

Read More LUT/bond will be processed / accepted within 3 working days: CBEC Chairman