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Category: GST

Goods and Service Tax on Buying Houses

Goods and Service Tax on Buying Houses

Goods and Service Tax is like air everywhere it can be discovered as it is charged for every item. It applies to the house regardless of whether you bought it or built it. Based on the current conditions and situations, distinct steps are taken by the government to benefit both customers and sellers. Let’s comprehend the information of Goods and Service Tax on the new house. Following the new schemes being initiated by the government, the demand for housing properties…

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Technical failures in the annual GST returns the extension of the deadline

Technical failures in the annual GST returns the extension of the deadline

The date for filing annual returns and GST audit for 2017-18 has again been extended – this time by three months from 31 August to 30 November – due to technical glitches and problems faced in reconciliation. According to tax experts, Excel Utility which is used to send and upload returns, was not up and ready till two days ago. Others said they were finding it difficult to file GSTR-9C, the reconciliation statement to be filed by taxpayers who are…

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Business in different states Require different GST Registration

Business in different states Require different GST Registration

After a certain exemption limit, everyone needs GST registration for the operation of the company. For some it is compulsory to take, but for others it is necessary to take advantage of getting a GST registration. Does a company with activities in more than one state require distinct GST Registration numbers for each state? Generally, a single GSTIN is assigned to a single PAN. However, in the event that a businessman or service provider provides services in more than 1…

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GSTR 9C : Steps for taxpayers to file the Form

GSTR 9C : Steps for taxpayers to file the Form

1. Digital Signature Certificate (DSC) i. Digital Signature Certificate (DSC) must be PAN based and in format PKCS7. ii. DSC must not be corrupted. iii. DSC should be valid and must not have expired. 2. Pre-requisites for filing FORM GSTR – 9C. i. Prior filing of Annual Return GSTR-9 is mandatory. ii. Form GSTR-9C has to be prepared by the Auditor by filling up data in the Offline Tool available on the GST portal. 3. Important to note with regard…

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Nil Rated, Zero Rated, Non-Taxable and Exempted Supply

Nil Rated, Zero Rated, Non-Taxable and Exempted Supply

GST has been implemented to simplify the collection of taxes in India. The scenario does not seem to be so, however, as there are many confusions and issues linked to certain subjects.Like what the NIL is, the ZERO rated in the GST and the difference between the two rates. Moreover, what do you mean by taxable, non-taxable and exempt supplies?

GSTR 3B – Govt. extends the deadline To August 22

GSTR 3B – Govt. extends the deadline To August 22

The Central Board of Indirect Taxes and Customs (CBIC) has extended the deadline for the return of GSTR 3B from July 2019 to August 22. GSTR-3B is a monthly refund. This return must be filed by all regular taxpayers until June 2018. Taxpayers can submit their return to the GST Portal. Sources indicate that the Notification will soon be issued in this regard. The last GSTR-3B filing date for the month of July was yesterday. Read Also:- GST 2.0 : New…

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GST 2.0 : New GST Return Filing System

GST 2.0 : New GST Return Filing System

GST 2.0 : New GST Return Filing System It almost have been 2 years since GST has come replacing the earlier various kind of indirect taxes like VAT, Excise Duty, Sales Tax, Service Tax etc. Introduction of GST in July-2017 caused many difficulties as the new “One Nation One Tax” seemed quite complex to be executed at initial level. but gradually the government kept on making it easy with the help of GST council. Currently, normal taxpayers files GSTR-1 showing…

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