GST registrants can now change mobile number and email address
GST registrants, who are unable to login to their GST accounts due to change in mobile and email address, can now do it easily. The primary authorised signatory will have to send a request to their jurisdictional officer to change the mobile number and email address. The facility is available for both jurisdictional Range Superintendents …
Option to file Monthly or quarterly GST returns activated on GST Portal
Goods and Services Tax Network (GSTN), the IT backbone of the new tax regime, has put a new function on its portal to allow taxpayers choose the frequency of filing GSTR 1 form on quarterly or monthly basis.
Inter State e-way bill to be made compulsory from 1st February 2018
The 24th meeting of the GST council has decided as follows: a) Nation wise e-way bill system will be rolled out on a trial basis latest by 16th of January 2018. The e-way bill shall be generated on a trial basis. b) For Inter State movement of goods rules
Interim relief for input tax credit
The Delhi High Court has granted interim relief to the petitioner, who had filed a writ petition before it challenging the non availability of the transitional input tax credit in respect of input stock purchased before one year of the appointed date i.e. before 1st July, 2016. As per the present provisions under the GST …
GST on real estate
A clarification has been issued by CBEC on its twitter handle @askGST_GoI to clarify the applicability of GST on under construction and ready-to-move-in properties. It has been clarified therein that sale of ready-to-move-in or completed property, i.e. where completion certificate has been issued, does not attract GST. But in case of under construction property where …
CBEC says GST is included in the MRP; asks customers to be vigilant
The Central Board of Excise and Customs informed the customers at large that the maximum retail price is the maximum price that can be charged from consumers. It further provided a toll free number (1800-11-4000/14404) for consumers to contact the necessary authorities to lodge a complaint in case of any unfair charges. “Be smart, Be …
Government blames Exporters for not filing proper claims and returns for refunds not happening on time
The government said exporters claimed refund worth Rs 6,500 crore in the first four months of Goods and Services Tax and any delay or rejection was due to errors while filing returns. The refunds for the Integrated Goods and Services Tax paid in July to October were granted after the exporters filed shipping bills on …
Government warns Tax payers to correct TRAN-1 to for erroneous GST Claims
The government has advised taxpayers who have claimed transitional credit “erroneously” under the Goods and Services Tax to revise their incorrect forms by Dec. 27. The government has asked taxpayers to ensure only correct and bonafide credit is availed in the transition to GST, failing which, the tax administration would be forced to initiate audit …
Govt may defer thorny GST rules till 2019
With the Goods and Services Tax (GST) increasingly posing hurdles to businesses, a wary government may postpone certain pricking rules till 2019. The knotty E-way bill, matching of returns and reverse charge mechanism are some of the rules that may not see the light of the day till India goes into Parliamentary elections in 2019. …
How to file a complaint if you fail to get GST benefit
In a bid to provide relief to consumers and corporates, the GST council’s 23rd meeting has decided to slash tax rate of nearly 178 items from the higher slab of 28%. To ensure that companies are passing on the benefits of Goods and Services Tax (GST) to consumers, the government has introduced a format for …