https://goo.gl/BdAR17
*Taking forward the initiative launched by the Government of India to curb the menace of shell companies, money laundering and black money in the country and prevent misuse of corporate structure by shell companies for various illegal purposes, the Ministry of Corporate Affairs (MCA) and Central Board of Direct Taxes (CBDT) have now concluded a formal Memorandum of Understanding (MoU) for data exchange, on 6th September, 2017.*
*Taking forward the initiative launched by the Government of India to curb the menace of shell companies, money laundering and black money in the country and prevent misuse of corporate structure by shell companies for various illegal purposes, the Ministry of Corporate Affairs (MCA) and Central Board of Direct Taxes (CBDT) have now concluded a formal Memorandum of Understanding (MoU) for data exchange, on 6th September, 2017.*
CA Club
MOU between MCA and CBDT for Automatic and Regular Exchange of Information
Taking forward the initiative launched by the Government of India to curb the menace of shell companies, money laundering and black money in the country and prevent misuse of corporate structure by shell companies for various illegal purposes, the Ministry…
CBDT, Corporate Affairs Ministry to share data for crackdown on shell companies
http://toi.in/nkrKXb/a19ei
http://toi.in/nkrKXb/a19ei
The Times of India
CBDT, Corporate Affairs Ministry to share data for crackdown on shell companies - Times of India
The two agencies have already joined hands to act against companies and director, apart from choking fund flow, to ensure that corporate entities are not used as vehicles for money laundering.
https://goo.gl/4hYZ3a
*In line with the recommendations of the 21st GST Council Meeting dt. 9 Sept. 2017, the CBEC has notified Registration Exemption for certain Inter-state Suppliers of Handicrafts Items, subject to obtaining PAN, generating e-way bill and a ceiling of Rs. 20 lacs on aggregate supplies during a financial year (Rs. 10 lacs in the case of special category states except J&K).*
*In line with the recommendations of the 21st GST Council Meeting dt. 9 Sept. 2017, the CBEC has notified Registration Exemption for certain Inter-state Suppliers of Handicrafts Items, subject to obtaining PAN, generating e-way bill and a ceiling of Rs. 20 lacs on aggregate supplies during a financial year (Rs. 10 lacs in the case of special category states except J&K).*
CA Club
Registration Exemption for ‘Inter-state Supply of Handicrafts’ Notified by CBEC
In line with the recommendations of the 21st GST Council Meeting dt. 9 Sept. 2017, the CBEC has notified Registration Exemption for certain Inter-state Suppliers of Handicrafts Items, subject to obtaining PAN, generating e-way bill and a ceiling of Rs. 20…
http://wap.business-standard.com/article-amp/economy-policy/i-t-dept-to-launch-jurisdiction-free-assessment-from-oct-117091401557_1.html
The system envisages allocation of a particular taxpayer’s profile to any officer across the country via a special software. In the existing system, taxpayers are assessed in the specific region where they are based.
The system envisages allocation of a particular taxpayer’s profile to any officer across the country via a special software. In the existing system, taxpayers are assessed in the specific region where they are based.
Business-Standard
I-T dept to launch jurisdiction-free assessment from October
The project will cover 100 cities in the first phase of implementation
https://atul.caclub.in/all-about-gst-on-government-services/
important FAQs on GST on Government services (to and from) wrt taxable angle.
important FAQs on GST on Government services (to and from) wrt taxable angle.
Tax Updates by CA Atul Modani
All About GST on Government Services
All About GST on Government ServicesThe CBEC have issued FAQ on Government services, following are the important FAQs on GST on Government services (to and from) wrt taxable angle.<br/>Question 1: Are all services provided by the Government or local authority…
https://atul.caclub.in/icai-representation-to-cbec-over-various-gst-related-concerns/
*Members are requested to note down the suggestions and keep it on record as it will impact many legal aspects under GST in future.*
*Members are requested to note down the suggestions and keep it on record as it will impact many legal aspects under GST in future.*
https://atul.caclub.in/when-to-charge-revised-gst-after-decision-in-gst-council-meeting/
When to charge Revised #GST after decision in GST #Council #Meeting ?
When to charge Revised #GST after decision in GST #Council #Meeting ?
Tax Updates by CA Atul Modani
When to charge Revised GST after decision in GST Council Meeting ?
When to charge Revised GST after decision in GST Council Meeting ?
After advent of GST, the council is meeting frequently and decisions about GST rate increase or decrease regarding various items is decided. However the notification for such proposals are…
After advent of GST, the council is meeting frequently and decisions about GST rate increase or decrease regarding various items is decided. However the notification for such proposals are…
https://goo.gl/RFySc4
*The CBEC has notified the Central Goods and Services Tax (CGST) (7th Amendment) Rules 2017, whereby CGST Rules 3, 120, 122, 124, 127 and 138 have been amended. Also, new CGST Rules 3A and 120A have been inserted. Further, the Forms GST EWB-01 TRAN-1 and GSTR-4 have been amended.*
https://goo.gl/RFySc4
*The CBEC has notified the Central Goods and Services Tax (CGST) (7th Amendment) Rules 2017, whereby CGST Rules 3, 120, 122, 124, 127 and 138 have been amended. Also, new CGST Rules 3A and 120A have been inserted. Further, the Forms GST EWB-01 TRAN-1 and GSTR-4 have been amended.*
https://goo.gl/RFySc4
CA Club
CGST (7th Amendment) Rules, 2017 notified by CBEC
The CBEC has notified the Central Goods and Services Tax (CGST) (7th Amendment) Rules 2017, whereby CGST Rules 3, 120, 122, 124, 127 and 138 have been amended. Also, new CGST Rules 3A and 120A have been inserted. Further, the Forms GST EWB-01 TRAN-1 and GSTR…
https://goo.gl/y5vNj3
*In line with the recommendation of 21st GST Council Meeting dt. 9 Sept. 2017, the CBEC has notified that registration for certain persons liable to deduct tax at source (TDS) and collect tax at source (TCS) will commence from 18 Sept. 2017 at the GST Portal. However, the date from which TDS and TCS will be deducted or collected will be notified later.*
https://goo.gl/y5vNj3
*In line with the recommendation of 21st GST Council Meeting dt. 9 Sept. 2017, the CBEC has notified that registration for certain persons liable to deduct tax at source (TDS) and collect tax at source (TCS) will commence from 18 Sept. 2017 at the GST Portal. However, the date from which TDS and TCS will be deducted or collected will be notified later.*
https://goo.gl/y5vNj3
CA Club
GST TDS/ TCS Registrations to commence from 18 Sept. 2017 notified by CBEC
In line with the recommendation of 21st GST Council Meeting dt. 9 Sept. 2017, the CBEC has notified that registration for certain persons liable to deduct tax at source (TDS) and collect tax at source (TCS) will commence from 18 Sept. 2017 at the GST Portal.…
https://goo.gl/44ohie
*In line with recommendations of 21st GST Council Meeting dt. 9 Sept. 2017, the CBEC has notified Extended Due Dates for Filing of Summary Return in Form GSTR-3B for the months August 2017, September 2017, October, 2017, November 2017 and December 2017.*
https://goo.gl/44ohie
*In line with recommendations of 21st GST Council Meeting dt. 9 Sept. 2017, the CBEC has notified Extended Due Dates for Filing of Summary Return in Form GSTR-3B for the months August 2017, September 2017, October, 2017, November 2017 and December 2017.*
https://goo.gl/44ohie
CA Club
CBEC Notifies Due Dates for GSTR-3B for August 2017 to December 2017
In line with recommendations of 21st GST Council Meeting dt. 9 Sept. 2017, the CBEC has notified the Due Dates for Filing of Summary Return in Form GSTR-3B for the months August 2017, September 2017, October, 2017, November 2017 and December 2017.
https://atul.caclub.in/important-definitions-to-be-kept-in-mind-while-filing-gstr-1/
*Compilation of all Definitions along with analysis useful while filing GSTR 1 by CA Surbhi Kniwansara, National GST Faculty - ICAI*
Hope u find it useful and helpful
*Compilation of all Definitions along with analysis useful while filing GSTR 1 by CA Surbhi Kniwansara, National GST Faculty - ICAI*
Hope u find it useful and helpful
Tax Updates by CA Atul Modani
Important Definitions to be kept in mind while filing GSTR 1
Compilation of all Definitions along with analysis useful while filing GSTR 1“There is no innovation and creativity without failure period.” After 3 months of GST implementation in India, Still many issues are cropping up in filing of returns, Registration…
https://atul.caclub.in/cbec-asks-taxpayer-to-adhere-to-gst-law-until-gstn-gets-its-house-in-order/
*CBEC asks Taxpayer to adhere to GST law until GSTN gets its house in order*
*CBEC asks Taxpayer to adhere to GST law until GSTN gets its house in order*
Tax Updates by CA Atul Modani
CBEC asks Taxpayer to adhere to GST law until GSTN gets its house in order
CBEC asks Taxpayer to adhere to GST law until GSTN gets its house in order<br/>The Government announced around 12 July 2017 That registration cancellation Facility for compulsorily migrated assessees under GST from earlier law will be available and Small…
http://wap.business-standard.com/article-amp/economy-policy/infosys-told-to-fix-gstn-glitches-by-oct-gom-to-review-every-fortnight-117091600596_1.html
*For July, around 4.7 million traders had filed the returns; for August, so far only 0.3 million have filed returns.*
In September 2015, Infosys had won the *Rs 1,380-crore*🤔 contract to implement the GSTN and maintain it for five years.
*For July, around 4.7 million traders had filed the returns; for August, so far only 0.3 million have filed returns.*
In September 2015, Infosys had won the *Rs 1,380-crore*🤔 contract to implement the GSTN and maintain it for five years.
Business-Standard
Infosys gets a month to fix GSTN glitches
Group of ministers to hold review meeting every fortnight
Window for much awaited *Composition scheme for 2017-18* is now operational on GSTN Portal