The due dates for filinng GSTR 1 has been extended as under :- For Quarterly Returns :- (Notification No 71/2017 Central Tax) Quarter Extended Time limit Jul-Sep 2017 10th Jan 2018 Oct-Dec 2017 15th Feb 2018 Jan- Mar 2018 30th April 2018 For Monthly Returns :- (Notification No 72/2017 Central Tax) Months […]
Due Dates for filing GSTR-1 for Jul-Sep (Both Quarterly & Monthly) Extended Read More »
The rates of GST for goods are undergoing changes frequently by way of various notifications. Hence there is a need for an updated list of GST Rate on goods as amended. The below table summarises the updated GST rates for Goods as on 15th Nov 2017. Source :- www.cbec.gov.in [gview file=”http://bssridhar.com/blog/wp-content/uploads/2017/11/new CGST rates.pdf”]
GST Rates for goods – as on 15th Nov 2017 Read More »
The payment of GST has been enabled by the GST portal (www.gst.gov.in). How to make payment of GST is explained below [gview file=”http://bssridhar.com/blog/wp-content/uploads/2017/08/Payment-of-GST.pdf”]
How to make payment of GST Read More »
The Central Government has notified Central GST (Fourth amendment) Rules 2017. As per the above amendment, the following are the latest amendments in GST Earlier, the last date for migration of the persons registered under existing law (VAT/Service Tax/Excise) was 30 days from the roll out of GST. This date has been extended upto 30th
Latest amendments in GST – Migration date extended Read More »
If you have habit of making high value cash purchases (including jewellery/bullion) its time to shell out more money for your purchases. As per the recent Finance Bill 2017 (which is yet to be passed by the Parliament), you may have to pay TCS (Tax Collected at Source) @ 1% on your Cash purchases exceeding
ARE U MAKING CASH PURCHASES (INCLUDING JEWELLERY) EXCEEDING RS. 2 LAKHS? Read More »
As you are aware, India is on path for a new tax reform – Goods & Service Tax (GST) which is proposed to be introduced w.e.f. 01st April 2017. All the existing assessees will be migrated to the new GST Portal for trasacting with the GST portal. The new GST portal www.gst.gov.in has been launched
Enrolment of existing tax payers under New GST portal Read More »
Know Your Customer Guidelines (Updated up to September 02, 2016) (This is a summarised and simplified version of the Reserve Bank of India’s Know Your Customer guidelines.) Q1. What is KYC? Why is it required? Response: KYC means “Know Your Customer”. It is a process by which banks obtain information about the identity and address
Updated Know Your Customer (KYC) guidelines issued by RBI Read More »
The following are the various statotory obligations for the month of September 2016 :- [table id=14 /]
Statutory Obligations for the month of September 2016 Read More »
Since there was a revision in the Annual forms AOC -4, and to give sufficient time to the stakeholders regarding the content of the forms, the Ministry of Corporate Affairs has extended the last date for filing the Annual Returns and Financial statements which will become due on or after 01st April 2016 , to
Last date for filing ROC forms extended Read More »
In order to finance and promote the initiatives and to improve welfare of the farmer and agriculture, the Government of India has introduced a new cess namely “Krishi Kalyan Cess”. The Krishi Kalyan Cess (KKC) will be levied @ 0.5% on the value of all taxable services. This is effective from 1st June 2016. In
Change in Rate of Service Tax w.e.f 01st June 2016. Read More »
The following are the Various Statutory Obligations for the month of May 2016. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of April 2016 is 5th of May 2016. In case of e-payment, the due date is 6th of May 2016. In case of payment by Challan
Statutory Obligations for the month of May 2016 Read More »
Swachh Bharat Cess (SBC) is effective from today (Nov 15, 2015). Please Note the following :- SBC to be shown and charged Separately in the Service Invoice. Service Tax will be @ 14% & SBC will @ 0.5%. Both needs to be shown separately in the Invoice. Do not show the Service Tax as 14.5%.
Swachh Bharat Cess (SBC) effective from today (15th Nov 2015) Read More »
The Reserve Bank of India (RBI) in consultation with Government of India (GOI) has announced about the issue of “Sovereign Gold Bonds” . The highlights and features of this Sovereign Gold bonds (2015-16) is as follows :- [table id=10 /] Source :- www.rbi.org.in
Sovereign Gold Bond 2015-16 – Highlights & Information Read More »
The GST Committee has released its reports for public comments in respect of the following :- 1) Registration under GST Regime 2) Payments under GST Regime 3) Refunds under GST Regime These reports are released for public comments. Comments/Views on the above business processes can be made till 31st October 2015. These reports are available
GST Committee Report on Registration,Payments and Refunds Read More »
The following are the Various Statutory Obligations for the month of July 2015. Payment of Service Tax The last date for Payment of Service tax pertaining to the month of June 2015 (Corporate Assessees) , Apr-June 2015 (For other assessees) is 5th of July 2015. In case of e-payment, the due date is 6th of
Statutory Obligations for the month of July 2015 Read More »
