GST संबंधित नई ख़बरें: वित्त मंत्री श्री निर्मला सीतारमण जी ने घोषित किया है कि माइक्रो, स्मॉल और मीडियम व्यवसायों को सभी पेंडिंग GST रिफंड का भुगतान 30 दिनों के अंदर किया जाएगा। आगे उन्होंने यह भी कहा कि भविष्य में सभी GST रिफंड का हल 60 दिनों के अंदर किया जाएगा। GST रिफंड…
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पहले कर अदा करने वाले 31 अगस्त तक GSTR-9 फ़ाइल किया करते थे। क्या आपने अभी तक GSTR-9 फ़ाइल नहीं किया है? निश्चिंत रहे ! सरकार ने GSTR-9 फ़ाइल करने की अंतिम तिथि को अब 31 अगस्त से बढ़ा कर 30 नवंबर कर दिया है। सोमवार 26 अगस्त को, वित्त मंत्री श्री निर्मला सीतारमण जी…
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Before, taxpayers were to file GSTR-9 by August 31. Haven’t you filed your GSTR-9 yet? Worry not! The Govt has extended the last date of filing GSTR-9 (annual goods and services tax return) from August 31 to November 30. On Monday 26th Aug, FM Nirmala Sitharaman said “It is hereby informed that the last date…
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Latest GST News: Finance Minister Nirmala Sitharaman has announced that all pending GST refunds will be paid to micro, small and medium businesses within 30 days. Further, all future GST refunds will be sorted out in 60 days, she said. Evidently, faster GST refund process can help MSMEs in many ways. Here’s how this latest…
Read More...The Bad News: You are not allowed to make corrections in GSTR-9 after filing. Hence, it is always better to be careful while preparing your GSTR-9. Here are some of the mistakes you can avoid while filing GSTR-9: ✔ Not filing GSTR-9 before the deadline. 30th November is the final date to file your GSTR-9. There…
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Yes, there will be no more GSTR-1 and GSTR-3B for GST registration! Get ready to file your GST returns with the new GST forms. The 3 FORMS which replaces GSTR-1, GSTR-2 and GSTR-3B are: ✔ 1 main GST return (GST RET-1) and ✔ 2 annexures ( GST ANX-1 & GST ANX-2). For the next 3 months…
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The turnover limit for businesses for e-invoicing is likely to be fixed at Rs 50 crore. This means big taxpayers who are having better technology should generate their e-invoice on GOVT portal for B2B sales. They should start e-invoicing right from September 2019. The official said 1 crore invoice generation/day can be handled by GOVT…
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Many consumer products as we all know still have 28% GST (Goods and service tax) due to which their prices are quite high. This rise in price is affecting their sales. There is a huge drop in the demand for such products. ✔ Automobiles, for instance, are placed in the 28% GST bracket. The automobile dealers…
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Currently, when you claim for GST refund with the central tax officer, you will receive only 50% of your money, the rest 50% will be cleared by state tax officer after verification. Sometimes, even after sanction/payment of refund, the tax authority delays the GST refund. The two authorities – state and central settling the same…
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At present, there are 3 GST rates – 5%, 12% and 18% – for various items under the textile sector Whereas, countries, such as Thailand (10%), China (16%), and Indonesia (7%) who are doing well in the textile industry have a single rate for all items. Also, when rates are different, it is difficult to…
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