Gst Updates October 2019

Download Gst Updates October 2019

Download gst updates october 2019. On 9th October,the Central Government through CGST Notification 49/ nullified the High Court ruling. The notification amended CGST Rule 61 - Form and manner of submission of monthly return and declared that GSTR-3B is a replacement for GSTR.

The decisions of GST Council meeting held on 20 th September, were supposed to be implemented w.e.f. 1 st October, However, the relevant notifications to give effect to the same have been issued only in the evening of 30 th September, after offices had closed. | Keval Shah The article provides for an insight with respect to GST updates made on account of various announcements made by GST Council in its 37th meeting held on The amendments/changes are made by issuing various Notifications on.

The preliminary examination was conducted on Octo, in a single shift from 11 am to 2 pm at exam centers spread over 35 districts. According to the officials, about 4 lakh candidates had registered for the preliminary exam. from Hindustan Times - education   Starting October 1st,companies providing motor vehicles on rent (Uber, Ola, Meruand other rent a cab services) will be required to pay a reverse GST of 5%.

Reverse charge is applicable when the supplier/vendor providing goods and services is not registered under GST and provides goods and services to a party registered under GST.

GST revenue for October, collected in November, stood at Rs lakh crore, according to a statement from the Ministry of Finance. That was largely unchanged compared to the previous month and % higher than October GST Collections For October. GST Update: Case Laws. 22nd October Download PDF. Circular: Refund. 17th October Download PDF. GST Update: Case Laws. 15th October Download PDF. Notification: GST rate on Job work. 09th October Download PDF. Notification: due dates, waiver of late fee and amendment in rules.

Karnataka GST collections on upswing, points to revival in buying sentiment The state’s commercial taxes department has collected Rs 3, crore in state GST (SGST) this month against Rs 3, crore in October The figures do not, however, include collections from sales tax on petrol and diesel, as well as professional taxes.

27th July GST Council had its 36th meet via video conference on Saturday (27th July ). Read all the highlights on 36th GST Council Meeting. 25th July 36th GST council meeting that was scheduled on 25th July has been postponed. Date to be announced soon. We have got you list of expectations from the meeting. GST updates GST Council in the 37th meeting held on at Goa took the following decisions in respect to rates relating to goods. GST rates reduction, – The rate changes shall be made effective with effect from 1st October, By.

News and Updates. Loading Top. For Period October to July is 31st August However, the due date is extended till for certain states only as per Notification No.

40/ –Central Tax dt Taxpayers from Jammu and Kashmir can file GSTR 7 for the month of July and August by 10th October as per Notification no. 48/Central Tax. Recent GST News. Notification Issued on under GST January 5, ; GSTR-9 (Annual Return) at a Glance Decem; 28TH GST COUNCIL MEETING UPDATES J; How to Apply for Revocation of Canceled Registration under GST Portal J; List of Goods & Services on which ITC is not available June 6, Greg's GST/HST credit will be automatically recalculated to include only one child for the next quarterly payment made in October In order for Kristin to get the GST/HST credit, including any related provincial or territorial credits, she must file a tax return foreven if.

The genesis of the introduction of GST in the country was laid down in the historic Budget Speech of 28th Februarywherein the then Finance Minister laid down 1st April, as the date for the introduction of GST in the country. Thereafter, there has been a constant endeavor for the introduction of the GST in the country whose culmination has been the introduction of the Constitution. The 37 th GST Council Meeting was held on Septem with the Finance Minister Nirmala Sitharaman presiding as the chairperson.

This meeting featured a number of key announcements which are as follows: GST Filing Updates at 37th GST Council Meeting. The following were the key GST law and procedure changes announced at the 37 th GST Council meeting. All things you need to know about GST is granted here. Grab all essential points on Goods and Services Tax shortly GST, from this page. Explore the need, benefits and working of GST in India. Know the concept of CGST, SGST, IGST. Discover exact GST rates for all goods and services, here.

In this page, you can obtain new updates on GST instantly. One-time increase to the GST/HST credit amount Benefits payments extension is over If you haven’t file your tax return, you will not get the quarterly GST/HST credit payment on October 5, and you may have to repay the estimated amount you received in July.

In another indicator of economic slowdown, GST collection has dropped below Rs 1 lakh crore mark to Rs 91, crore for September. The September collection is believed to be the lowest in nineteen months. The revenue during September, has declined by % in comparison to the revenue during September,   GST News & Updates l Notification – Updated on 11th Oct E-Invoice System concept note, Standard, Schema and Template () The GST Council has approved introduction of ‘E-invoicing’ or ‘electronic invoicing’ in a phased manner for reporting of business to business (B2B) invoices to GST System, starting from 1st January on voluntary basis.

In this video we will discuss about the new way to calculate itc for GSTR3B from October 19 to December #gstitcnewrules #gstrbfiling #gstupdateUSE COUPO. Notification No. 17/ Central Tax (Rate), dated: 30th September, has been issued for exempting Gold, Silver and Platinum from GST when supplied by Nominated Agency under the scheme for “Export Against supply by nominated agency” as referred in Para of Foreign Trade Policy to a registered person through amending notification no.

Seeks to clarify optional filing of annual return under notification No. 47/Central Tax dated 9th October, /42/GST: View: Seeks to clarify restrictions in availment of input tax credit in terms of sub-rule (4) of rule 36 of CGST Rules,   Finance Minister Nirmala Sitharaman on Thursday said efforts will be made to further simplify Goods and Services Tax, and expressed hope that it will help in further improving India's ranking in the World Bank's ease of doing business index.

India has jumped 14 places to rank 63rd in the World Bank's ease of doing business ranking index and the country aims to be within 50 in the next few years. October to March 20th of the succeeding month Option of filing of GSTR-9 for specified taxpayers In line with the recommendation of the GST Council, the government vide Notification No.

47/Central Tax dated 9 October has made an annual return in GSTR-9 for the financial years and optional for taxpayers whose. CBIC has recently announced many updates to the existing GST rules in various meetings and through notifications. These are going to be in effect within 15 days from 1 st April We have brought a compilation of all the updates for our users.

GST News and Updates - September Updates related to Law and Procedure. 1) The Central Government through CGST Notification 42/ brought into effect from amendments to the following Rules related to Refunds. Rule 91 - Grant of provisional refund; Rule 92 - Order sanctioning refund; Rule 94 - Order sanctioning interest on delayed refunds.

GST Rates – GST Council Meeting Updates & Latest GST Tax Slabs Ever since GST was levied, the GST Council meets from the time to time to consider and revise the GST rates levied on various goods and services. These considerations are made on the basis of recommendations made by various industries and state government, in order to.

Notifications issued for implementing the decisions of 40th GST Council Meeting Eighth Amendment () to CGST Rules In wake of COVID pandemic, date further extended till for certain compliance under GST laws and till for certain compliance Customs, Central Excise and Service Tax Laws Removal of difficulty order issued.

07 October Decisions of the 37th GST Council meeting notified The Government has issued various notifications to implement the decisions taken in the 37th GST Council meeting.

We have captured the key amendments along with the relevant notifications in this alert. or responsibility to any person for any loss or damage incurred by. The GST/HST credit is a tax-free payment that is paid out quarterly to eligible individuals.

Good and Services Tax (GST) or Harmonized Sales Tax (HST) is levied when you pay for most goods and services in Canada. To help low-moderate income families offset the burden of this additional taxation, the federal government provides a credit that is paid out every quarter. •For October and November,large taxpayers to continue to file FORM GSTR-3B on monthly basis and will file first FORM GST RET for December, in January, It may be noted that invoices etc.

can be uploaded in FORM GST ANX-1 on a continuous basis both by large and small taxpayers from October, onwards. FORM GST. UPDATE: Due to COVID pandemic, time limit for any compliance under the GST laws, where the time limit is expiring between 20th March, to 29th June, has been extended to 30th June, As per CBIC Press Release dated 14 th November’19, the last date to file GSTR 9 (Annual Return) and GSTR 9C (Reconciliation Statement) for FY has been extended to 31 st December,   In the budgetseveral GST related rules and regulations have changed which have been presented in the Finance Bill.

Finance Minister Nirmala Sitharaman presented the budget on July 5, The budget promulgates the tax payment facilities in addition to the changes made in composition schemes. Most of the things presented in the. Goods And Services Tax.

Lodge your Grievance using self-service Help Desk Portal. GST Updates: Summary of recent Notifications and Circulars. Based on the recommendations of the GST Council in its 31st meeting held on 22nd December, A.

SUMMARY OF REMOVAL OF DIFFICULTIES ORDERS. Extension in time to make amendments in details furnished in Form GSTR-1 pertaining to financial year (Order No 2/ - Central Tax). The collections were higher than Rs 1,03, crore recorded in Novemberbut below Rs 1,05, crore in October GST collections, which had slumped to a record low of Rs 32, crore in April, after the government imposed a nationwide lockdown to curb the spread of the coronavirus, has been picking up thereafter and has remained above.

Overall GST kitty till Oct still 32% lower y-o-y There is also a 32% gap in total GST collections (including State GST, VAT, IGST and Profession Tax) between April-October and. GST E-invoicing is now compulsory from Oct 1. The government has proposed to roll out mandatory GST e-invoicing from 1 October.

However, they have made a decision to increase the threshold for exempting a few smaller entities from the compliance. The e-invoicing will be mandatory for businesses which have a turnover of around Rs crore and. Filing Dates extended in view of COVID pandemic. GSTR The due date for furnishing FORM GSTR-1 for the period from July to November has been extended till 17th January Read notification. GSTR-2 - Filing of GSTR-2 has been deferred until further notification by notification.

GSTR-3 - Filing of GSTR-3 has been deferred until further notification by CBDT. GST collections up: Rs 95, cr for September The rise, however, also partly reflected the impact of a low base effect from Septemberwhen GST revenues had contracted per cent to fall to a month low of Rs 91, crore — the second instance since the July rollout of.

The permanent GST Voucher scheme was introduced by the Government in Budget to help lower-income Singaporeans. The GST Voucher is given in three components - Cash, Medisave and U-Save. Citizens may check their eligibility details and update their payment instruction at the GST.

GST Updates – Rectify your errors in GST Returns in March Return: Taxpayers under regular category are filing GSTR 1 and GSTR 3B to report their transactions. GSTR 1 is for reporting of details of outward supplies including amendments if any and GSTR 3B is for reporting summary transactions for payment of taxes and claiming ITC. GST Policy Planning Unit, Govt of West Bengal Sl No Subject Central Notifications No with date State Notifications No with date 1 Due date for furnishing of FORM GSTR-3B as well as for payment of taxes as per FORM GSTR- 3B for the months of October.

Visit or for authentic GST updates. GST Compliance Calendar -October October, the month of festivals is here, with festivities like Navratri, Dusshera and Diwali soon to come, we pray you be blessed with peace and prosperity for all your endeavors. GSTrobo TM is Binary Semantics SaaS platform providing GST and E-way Bill services enabling its users with Billing, Data Preparation and Validation services and support.

We are a new age GST Suvidha Provider – GSP appointed by Goods and Services Tax Network (GSTN) to provide a web platform compiling with all the regulatory requirements of the. Time limit extension for submitting the declaration in FORM GST TRAN-1 under Rule AAmendment Removal of Difficulties Order no 4/CT to extend the due date for furnishing of FORM GSTR – 8 for the months of October to December till - Gst Updates October 2019 Free Download © 2010-2021