GST

11 Latest GST FAQ

11 GST FAQs have been issued today as below: Question 1: Advance was given when the rate was 28% and our vendor has paid taxes on it. Subsequently rate has fallen to 18%. Will the invoice be raised at 18%? If yes, what to do of additional 10% paid as advance? Answer: Assuming supply happened… Read More »

Category: GST

Govt asks exporters to file Table 6A & GSTR 3B for processing of IGST refund

The Ministry of Finance has asked exporters to file Table 6A and GSTR 3B for processing of IGST refund and for refund of the unutilized input tax credit. It said, errors by exporters while filing their returns are the sole reason for delay in refunds or rejection thereof. The Ministry said, Government has taken various… Read More »

Category: GST

11 Latest GST FAQs

11 latest GST FAQs has been issued as provided below: Questions 1. Sir I have started my firm under proprietorship but due to some reason I wanted to transfer my ownership but I could not due to new GST law it can not, kindly let me know what can be done ? Answer: You can transfer… Read More »

Category: GST

GSTR 4 Offline Tool Updates

Step by step guideline for taxpayers to download GSTR 4 Offline Tool from the GST Portal.   Step by step guideline for taxpayers to fill worksheets using GSTR 4 Offline Tool.   Taxpayers guide to upload JSON file using GSTR 4 Offline Tool.   Taxpayers guide to correcting JSON file processed with error using GSTR… Read More »

Category: GST

GSTR-3B Late Fees Calculation

GST Portal will now be calculating Late Fee (CGST + SGST) payable as below: Rs. 50 per day for filing of FORM GSTR-3B Return after the due date for the month of October, 2017 onwards. Rs. 20/- per day for filing of NIL Return Form GSTR-3B Return after the due date.

Category: GST

Functionality for refund of Input Tax Credit for exports enabled

Functionality for refund of Input Tax Credit of inputs/input services attributed to export of Goods & Services has been made available to taxpayers on the GST Portal. This refund application can be filed only once for a tax period and only if Form GSTR 3B has been filed by the taxpayer for that particular tax… Read More »

Category: GST