GST -New functionalities made available on GSTN Portal

1. GSTR-2 Offline Version 2.1 -
New version of GSTR-2 offline tool is available on portal now. This will enable taxpayers to export data of GSTR-2 from Tool to Excel. This will be helpful in comparing this data with purchase register to take actions like accept, reject and modify.

2. Form GST CMP-02-

Eway bill/ TDF-live in Uttar Pradesh

Finally the facility of E Way Bill and Generation of Transit Declaration Form has gone live on Uttar Pradesh Sales Tax Website.


The procedure of generation of E Way Bill/TDF is more organized and refined than before.

Is person taken registration voluntarily & having turnover less than ₹20lakhs/₹10 lakhs liable to pay tax under GST

Can a person who has taken GST registration voluntarily avail of the basic exemption threshold of Rs 20 lakhs / Rs 10 lakhs (depending on the state) and not pay GST?

Presentation for enrolment in GST

The existing  registered  assessee under State VAT/Excise/Service Tax must enroll their trade  / business / personal details  in  the  GST  portal  to get  Provisional  Registration  Certificate  under GST.

This  exercise  for VAT dealers has already been initiated and completed and now tax payers under excise and service tax need to complete their provisional registration under GST Portal.

We prepared a presentation on " How to enrol in GST portal?" and willing to share the same, download it.

DOWNLOAD

Guidance Note by CBEC to Department officers for migration under GST

Central Board of Excise & Custom (CBEC) has issued Guidance Note to the department officers regarding migration of existing tax payers under excise and service tax.

In Guidance note , statutory provision regarding migration and scheme representation of migration process has been explained.

It has been explained that if assessee is registered with State Commercial Tax department and he/she has already initiated this process of migration then there is no need to do the process again.
Guidance Note can be downloaded from the Link below.
LINK to download

GST set to be delayed till July, 2017

With the issue over division of the 10 million indirect tax assessee base between the Centre and states for administrative purposes looking intractable even at the end of the eighth session of the Goods and Services Tax (GST) Council here on Tuesday, the proposed epochal tax reform, which has been on the anvil for over a decade now, will most likely be delayed to June-July 2017 or later. While this and the differences over the size of the compensation for states and the administration of integrated GST (IGST) reflected how demonetisation has rapidly dispelled the initial Centre-state bonhomie at the council, the heightened uncertainty has made the Centre’s task of making the estimates for the Union Budget 2017-18 even more daunting.

Union finance minister Arun Jaitley said that with the council approving the 11-chapter draft integrated GST law except one section, the two key unresolved issues related to “cross-empowerment” and definition of “territory” for the purpose of taxation powers. Terming both “complex issues”, he explained that under the Constitution, territorial waters up to 12 nautical miles into the sea are in the Union territory, although coastal states enjoyed “fishing rights” in these areas and they have also been levying sales tax/VAT on high-sea transactions. Saying this was not a political issue, the minister said a constitutionally and legally tenable solution to it would be found soon. The council will meet next on January 16 to discuss the two issues.

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GST- Rollout Unlikely Before June-July

NEW DELHI:  Rollout of the Goods and Services Tax (GST) regime may only be possible by June-July as the possibilities of meeting the April 1 deadline are bleak now in view of the GST Council's slow progress, some council members said on Tuesday.

"Rollout will definitely not be in April. If GST can be passed in the Budget session of Parliament, then June or July could be possible," Kerala Finance Minister Thomas Isaac told reporters here at the end of Day 1 of the council meet.

3. GST-One question & its Answer daily

2. GST-One question & its Answer daily

GST-One question & its Answer daily