Question and Answers on ITC under GST
Posted Date : 19-Dec-2019 , 09:50:13 am | Posted By CASANSAAR
Question and Answers on ITC under GST.
Question and Answers on ITC under GST during the Webinar on Issues related to claiming of ITC under GST by CA. Gaurav Gupta.
This video is part of the Webinar on the issues related to claiming of ITC Under GST organised by CA Sansaar...
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FinMin may develop app to file GST Returns, set up facilitation centres
Posted Date : 19-Dec-2019 , 09:43:38 am | Posted By CASANSAAR
The Finance Ministry is considering setting up facilitation centres and developing an app to help traders and small businesses file their Goods and Services Tax (GST) returns, The Times of India reported.
The facilitation centres would be similar to the Aadhaar Seva Kendras. It comes as the Centr...
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GST |
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GST Council’s decisions regarding Law and Procedure related changes
Posted Date : 19-Dec-2019 , 09:15:34 am | Posted By CASANSAAR
The 38th meeting of the GST Council met under the Chairmanship of the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today. The meeting was also attended by the Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance ...
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GST |
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GST Council’s decisions On Rate Changes
Posted Date : 19-Dec-2019 , 09:14:13 am | Posted By CASANSAAR
The 38th meeting of the GST Council met under the Chairmanship of the Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here today. The meeting was also attended by the Union Minister of State for Finance & Corporate Affairs Shri Anurag Thakur besides Finance ...
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GST |
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GST Council votes first time, Settles uniform lottery rate
Posted Date : 18-Dec-2019 , 08:11:57 pm | Posted By CASANSAAR
The GST Council, in its 38th meeting on Wednesday, voted for the very first time since its inception to settle for a uniform rate on lotteries across the country, Rajasthan Minister Shanti Dhariwal said.
This is the first time since the launch of the new overarching indirect tax that the Council ...
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GST |
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New GSTR 9 & GSTR 9C Utility would be available by 21.12.2019
Posted Date : 17-Dec-2019 , 01:10:44 pm | Posted By CASANSAAR
Government has made some changes in the forms of Annual Return (GSTR-9) and the Reconciliation Statement (GSTR-9C) vide Notification No. 56/2019 dated 14.11.2019.
These changes do not impact the current tools required for preparation and filing of GSTR-9 and GSTR-9A for the financial year 2017-18...
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GST |
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e-Invoicing Procedure under GST
Posted Date : 17-Dec-2019 , 10:09:42 am | Posted By CASANSAAR
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GST |
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Centre releases Rs 35,298 Cr GST compensation to States
Posted Date : 17-Dec-2019 , 09:39:55 am | Posted By CASANSAAR
After a delay of over two months, the Centre on Monday released Rs. 35,298 crore as GST compensation to the states for the August-September period. The move comes two days before the GST Council meeting to be held here to discuss various issues, including the inadequacy of funds to compensate the st...
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GST |
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Promoters move high court over taxman’s power to arrest, attach accounts under GST
Posted Date : 13-Dec-2019 , 07:42:50 am | Posted By CASANSAAR
A dispute over the taxman’s power to arrest promoters of companies and attach their bank accounts over suspected evasion of goods and services tax has reached the Delhi High Court.
Several promoters have filed a joint writ petition in the high court, challenging the validity of the GST stat...
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GST |
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1 अप्रैल 2020 से बंद होने वाली है GSTR 1 और GSTR 3B
Posted Date : 12-Dec-2019 , 10:13:56 am | Posted By CASANSAAR
1 अप्रैल 2020 से बंद होने वाली है GSTR 1 और GSTR 3B,
जाने नई रिटर्न्स के बारे में इस वीडियो में|
https://youtu.be/Qd06Y9exLb0...
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GST |
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New GST Simplified Return and Return Formats
Posted Date : 11-Dec-2019 , 09:20:48 am | Posted By CASANSAAR
New GST Simplified Return and Return Formats explained by CA Vishal Jain.
https://youtu.be/Qd06Y9exLb0
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GST |
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GST Council to change GST tax slabs to boost revenue
Posted Date : 11-Dec-2019 , 08:56:29 am | Posted By CASANSAAR
The GST council will be reducing the four tax slabs that currently exist – 5%, 12%, 18%, and 28% – to three – 8%, 18%, and 28%, as per a news report.
Two officials who familiar to the matter said that the taxes on branded cereals, mobile phones, pizzas, air travel, air-condition...
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GST |
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Bengaluru shopkeepers penalised for not giving tax invoices to customers
Posted Date : 11-Dec-2019 , 08:41:10 am | Posted By CASANSAAR
The Commercial Taxes Department in the past two weeks conducted drives in which it imposed penalties on those dealers who failed to give tax invoices to their customers.
A press note from Commissioner of Commercial Taxes, Bengaluru said, "The officers of South Zone, Enforcement Wing of Comme...
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GST |
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7 states to move SC if Centre doesn't pay up Rs 30,000 Cr GST dues
Posted Date : 09-Dec-2019 , 10:18:50 am | Posted By CASANSAAR
Amidst muted Goods and Services Tax (GST) revenue growth and worries over delayed allocation of compensation cess to states, a few state governments are considering legal recourse against the Centre if their dues are not cleared immediately. States like Kerala, West Bengal, Punjab, Delhi and Chhatti...
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GST |
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ITC Restrictions under GST - 20% of eligible ITC
Posted Date : 07-Dec-2019 , 08:15:25 am | Posted By CASANSAAR
ITC Restrictions under GST - 20% of eligible ITC.
(ITC Restrictions under GST - 20% of eligible ITC explained by CA. Pradeep Gupta)
https://youtu.be/q1XX1_gW5pA
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GST |
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GST Panel to raise 5% slab to 6% to boost revenues
Posted Date : 07-Dec-2019 , 07:53:29 am | Posted By CASANSAAR
The Goods and Services Tax (GST) panel is mulling various methods to boost revenue collections, among which one suggestion is to raise the 5 percent tax slab to 6 percent, as per a Business Standard report.
The slab-restructuring is expected to bring in additional revenue of Rs 1,000 crore per mo...
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GST |
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CBIC withdraws GST circular on ITeS
Posted Date : 06-Dec-2019 , 10:14:49 am | Posted By CASANSAAR
The Central Board of Indirect Taxes and Customs (CBIC) has withdrawn a circular which created confusion on whether IT service providers can be qualified as intermediaries based on self-assessment under the goods and services tax (GST). The government has withdrawn circular in view of numerous repres...
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GST |
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Practical Procedure to upload GSTR 9 and GSTR 9C
Posted Date : 05-Dec-2019 , 10:40:01 am | Posted By CASANSAAR
Practical Procedure to upload GSTR 9 and GSTR 9C
(Practical Procedure to upload GSTR 9 and GSTR 9C explained by CA. Pradeep Gupta with CA. Rahul Jain)
https://youtu.be/n9Dbs55F8A8
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GST |
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Delhi HC stays interest levy on profiteered amount under GST
Posted Date : 05-Dec-2019 , 10:09:55 am | Posted By CASANSAAR
Delhi High Court on Wednesday stayed the applicability of interest levied on the profiteered amount relating to the Goods & Services Tax (GST).
The same petition had also challenged the composition of National Anti-profiteering Authority (NAA).
When a company is charged with profiteering, ...
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GST |
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GST Council to review tax rates, exemptions
Posted Date : 04-Dec-2019 , 09:16:51 am | Posted By CASANSAAR
Federal indirect tax body, the Goods and Services Tax (GST) Council, will meet later this month to discuss various revenue raising measures including changes to GST rates and cess levied on select goods.
The council meeting which is expected in the second half of December will be its first meetin...
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GST |
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E Way Bill Blocking and unblocking under GST
Posted Date : 03-Dec-2019 , 09:58:35 am | Posted By CASANSAAR
E Way Bill Blocking and unblocking under GST.
(E Way Bill Blocking and unblocking for non filers of GST Returns explained by CA. Rahul Jain.)
https://youtu.be/CX248416jxo
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GST |
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Govt blocks GST e-way bill generation; move may impact 300,000 firms
Posted Date : 03-Dec-2019 , 09:51:51 am | Posted By CASANSAAR
Businesses of roughly 300,000 firms paying goods and services tax (GST) were likely impacted on Monday, as the government had blocked e-way bill generation for non-compliant assessees.
These businesses had not filed their monthly GST Return (GSTR)-3B for two consecutive months. The government had...
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GST |
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GST revenue collection crossed Rs 1 lakh Cr in Nov 2019
Posted Date : 02-Dec-2019 , 09:24:28 am | Posted By CASANSAAR
GST revenue collection crossed the Rs 1 lakh crore mark after a gap of three months in November with the revenue growing by 6 per cent to Rs 1.03 lakh crore in the month.
The GST collection was Rs 95,380 crore in October while it was Rs 97,637 crore November 2018.
Of gross Rs 1,03,492 crore in...
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GST |
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Govt sets timeline for GST e-invoicing, trial to start January 1, 2020
Posted Date : 29-Nov-2019 , 08:27:02 am | Posted By CASANSAAR
The Government has come out with the timeline for the new e-invoicing system under GST and the limit of application for each category. Accordingly, it has been decided by the government that businesses having a turnover of Rs.500 crore or more would take up e-invoicing from January 1, 2020 on volunt...
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GST |
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New offline Tools of GSTR-9 & GSTR-9C are likely to be available by 10th December 2019
Posted Date : 28-Nov-2019 , 04:50:46 pm | Posted By CASANSAAR
Government has made some changes in the forms of Annual Return (GSTR-9) and the Reconciliation Statement (GSTR-9C) vide Notification No. 56/2019 dated 14.11.2019. Accordingly, the changes in the application software and the offline tools are likely to be made available by 10th Dec. 2019.
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GST |
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0 | Hits : 811
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Job Work under GST - A Complete Analysis
Posted Date : 28-Nov-2019 , 08:46:23 am | Posted By CASANSAAR
Job Work under GST - A Complete Analysis
(Job Work under GST - A Complete Analysis by CA. Bhavesh Mittal)
https://youtu.be/T6WJfamBI68
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GST |
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GST authorities unearth racket involving Rs 140 Cr tax fraud
Posted Date : 27-Nov-2019 , 09:49:49 am | Posted By CASANSAAR
GST authorities have unearthed a tax racket and arrested one person for allegedly defrauding the government to the tune of about Rs 140 crore through fraudulent means. The Central Board of Indirect Taxes and Customs (CBIC) in a release said that the Central GST Delhi North Commissionerate has uneart...
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GST |
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Procedure of e-Invoicing under GST
Posted Date : 25-Nov-2019 , 09:45:32 am | Posted By CASANSAAR
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GST |
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15th Finance Commission Chairman N K Singh calls for major changes in GST structure
Posted Date : 23-Nov-2019 , 10:20:41 am | Posted By CASANSAAR
The 15th Finance Commission Chairman N K Singh has called for major changes in the GST structure, including reducing the complicated procedures and also doing away with frequent rate changes, to improve collection. He also pitched for rationalization of Centrally- sponsored schemes.
Speakin...
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GST |
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Five State Finance Ministers lash out at Centre over delay in GST compensation
Posted Date : 21-Nov-2019 , 09:41:10 pm | Posted By CASANSAAR
Five opposition-ruled states on November hit out at the Centre over delays in releasing GST compensation saying their finances are in dire strait due to delays. AAP-ruled Delhi, TMC-run West Bengal, Congress-ruled Punjab and Rajasthan and Left-run Kerala in a joint statement said compensation since ...
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