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Revised GST registration rules released

GST registration rules Revised registration rules are released by the GSTIN. These rules to be read with the relevant provisions given in GST Act. Major provisions given here are: Application for registration Verification of the application and approval Issue of registration certificate Separate registration for

Revised GST payment rules released

GST payment rules Revised GST payment rules are released by GSTIN. These rules contains the provisions related to payment in GST. Following major provisions are given in these rules Electronic Tax Liability Register The electronic tax liability register specified under sub-section (7) of section 49

Revised GST refund rules released

GST refund rules Revised GST refund rules are released by the GSTIN. Major provisions given in these rules are: Application for refund of tax, interest, penalty, fees or any other amount Acknowledgement Grant of provisional refund Order sanctioning refund Credit of the amount of rejected

GST ITC rules released by GSTIN

GST ITC rules released by GSTIN: These rules contains the various provisions related to ITC. These GST ITC rules contains all major provisions related to ITC. Main provisions covered under there rules are: Documentary requirements and conditions for claiming input tax credit Reversal of input

GST rules for composition

GST rules for composition: GSTIN has released the GST rules for composition. These rules contains all the important rules related to composition levy. Intimation for composition levy Any person who has been granted registration on a provisional basis under sub-rule (1) of rule Registration.16 and

GST rules released by GSTIN

GST rules related to composition, valuation, transition, ITC are released. Also the revised rules for Invoice,payment,refund, registration and return are also released. All of those rules are attached here. Composition rules Valuation rules Transition rules ITC rules Revised invoice rules Revised payment rules Revised refund

GST Implementation and Compliance

GST Implementation and Compliances – Are you ready 1st July or 1st September 2017 – India’s GST is now a certainty. But are the stake holders ready; their IT systems ready and above all have all the stake holders including the Central Government and State

CA Rashmi Jain

New restrictions in composition rules

New restriction in composition rules released: New set of rules released for a composition dealer has put new restrictions in composition scheme. Following are the conditions for composition scheme as given in rules: The person exercising the option to pay tax under section 10 shall

Revised GST invoice rules released

GST invoice rules released GST invoice rules are released. These rules contains the major provisions related to the invoice, debit notes and credit notes. Major provisions covered are given below. PDF of these rules is also given above. Tax invoice: Containing the major items to

GST Valuation rules released by GSTIN

GST Valuation rules released GST Valuation rules are released. These rules contains the provisions for determination of value of a supply in various scenarios. The major provisions covered in GST valuation rules are: Valueof supply of goods or services where the consideration is not wholly

GST transition rules released

GST transition rules GST transition rules have been released by GSTIN. These rules contains the provisions related to transition.Major heads covered in these rules are. Application in respect of tax or duty credit carried forward under any existing law or on goods held in stock