Page 134 - Gst

What are consequences of not filing GST returns within due dates?

In case registered taxable person files return beyond due date, he will be required to pay late fees of Rs 100 for each day of delay, subject to a maximum of Rs 5,000

Analysis of cash flow is crucial

This should throw up firms better able to survive effects of a working capital crunch under GST

Changes in GST brought once Modi was apprised of difficulties: Rajnath

Union minister hails the decisions taken at the latest GST Council meet

Good news for GST assessees as Council gives more time to file returns

Dates for filing various other returns, including those for claiming input tax credits, have also been extended

Companies will pass GST rate cut benefits to consumers

Arun Jaitley announced that the tax rate on a vast range of items of daily use would be brought down from 28% to 18%

Congress demands overhaul of GST architecture

Congress finance ministers described the decisions taken in the GST Council meeting on Friday as 'too little, too late'

GST advisory group in favour of expanding composition scheme

This was the first meeting of the advisory group after it was formed earlier this week

Congress to seek overhaul of GST at next Council meet

Congress would suggest that number of tax returns that businesses need to file be rationalised

Crowd control in GST

Giving money away is not easy, even if it is to the government in lieu of essential services

GST on restaurants: Why input credit must continue

Especially for big chains, any curbs on credit could raise their capex/operating cost and lead to a hike in base rates on the menu

Mamata Banerjee terms GST as 'Great Selfish Tax'

She said demonetisation was a disaster and urged social media users to change their profile pictures to a black square on November 8 to protest against the note ban.

GSTN eases process for exporters to claim refunds under Form GSTR1

Exporters can save and upload their export data which are part of GSTR-1 after filling up export details in table 6A

Over 15 mn GSTR-3B returns filed between July and Sept

As many as 1.5 crore GSTR-3B returns have been filed between July and September, a notification from the Central Board of Excise & Customs, Ministry of Finance said.While 56.8 lakh returns were filed in July and 54 lakh in August, the number came down to 47.4 lakh in September.The decline could be attributed to the extension of the last date for filing GSTR-2 and GSTR-3 by the Ministry of Finance.Earlier, the last date for filing of GSTR-3 for the month of July 2017 was extended from November 10 to December 11.The Ministry of Finance also extended the last date for filing of GSTR-2 for the month of July 2017 to November 30.

Allow traders to file GSTR-3B form on monthly basis, CAIT recommends govt

Bhartia suggested that the GST Council take a cue from the Maharashtra government, which he said had asked dealers to pay VAT on a monthly basis to save them from 'harassment'

A big relief

GST Council should act fast and do more

Small traders, restaurant owners set to get fresh GST relief

Panel wants increase in composition scheme threshold to Rs 1.5 crore; reduction in rate and allowing interstate supply

GST: NPCI, NSDL in fray to develop e-wallet for exporters

The government is yet to decide on the agency that will develop the notional credit system to help exporters with working capital flow

Is GST paid on vehicles for office purpose eligible for input tax credit?

If the motor vehicle is used by you for any of the aforesaid purposes, you should be eligible to claim the input tax credit, otherwise not

GST helps Marg ERP see jump in revenues in Q2

The firm attributed hike in revenues to its GST-enabled and inventory, billing and accounting software

Apparel Export Promotion Council flags post-GST issues before Par panel

AEPC suggested that the competitive exchange rate and rupee appreciation be stabilised to protect the interest of exporters