The need for composition Scheme under GST: Compliances in the GST Law are very high which cannot be complied by the small dealer, small manufacturer and small service provider. For the purpose of above mentioned persons, composition scheme has been prepared. Generally in every law
First GST return filing date is relaxed by GSTC With the objective of ensuring smooth rollout of GST and taking into account the concerns expressed by the trade and industry regarding filing of the returns in GST regime, it has been decided that, for the
Latest turnover limit for Composition levy RECOMMENDATIONS REGARDING THE COMPOSITION LEVY AND GST RATE ON CERTAIN GOODS [As per discussions in the 17th GST Council Meeting held on 18th June, 2017] I. The Turnover Limit for the Composition Levy: 1. The GST Council, in
Decisions with respect to GST rates for Services 1. It has been decided in respect of the service of transport of goods by a vessel that GST rate of 5% will be available with ITC in respect of input services and GST paid on ships,
GST tax rates on goods: Complete list GST tax rates on goods is released by CBEC. This list contains the chapterwise and item wise list of all goods for GST. Two lists are there. The first one was release on 18th May 2017. Another list
Services covered in reverse charge in GST Here is the list of Services covered in reverse charge in GST. Most of them are same as in current service tax laws.
GST Registration form for Non resident GST registration form for Non resident is FORM GST REG 09 which is available here. It is to be filed 5 days before starting the business activity in India
GST exemptions list for services: GST exemptions for services are release by CBEC. There is a list of 83 services which will be exempt in GST. This mainly includes the agriculture, services by government departments, Education, Passenger transportation by train etc.
GST returns final formats GST council has finalized the final GST return formats. These formats contains the items of various returns to be filed in GST. You can refer these formats to have an idea
Section 140(1) of CGST Act Section 140(1) of CGST Act covers the transition provisions. In this part the credit of CENVAT as available in last return will be shifted into the GST. Following is the provision as given in CGST Act. “(1) A registered person, other
