Changes recommended by the 25th GST Council Meeting

The following Policy Changes have been recommended: The late fee payable by any registered person for failure to furnish FORM GSTR-1, FORM GSTR-5 (Non-resident taxable person) or FORM GSTR-5A (OIDAR) is being reduced to Rs. 50/- per day and shall be Rs. 20/- per day for NIL filers. The late fee payable for failure to […]

Read More »

Levy of GST on accommodation services, home stays, printing, legal services

Department of Revenue Vide Circular No. 27/01/2018- Central Tax dated January 05, 2018 has issued various FAQ’s for clarifying leviability of GST on accommodation services, betting and gambling in casinos, horse racing, admission to cinema, home stays, printing, legal services etc. The Important clarification made is as under: Accommodation Services: GST rate would be determined according to […]

Read More »

New Features on GST Portal

Following new functionalities were made available on GST portal for you: A)     Registration: Form for application of cancellation of registration by (new) taxpayer, is now available on GST portal (see rule 20 of the CGST rules, 2017).   B)      Returns:   a)      Taxpayers has been provided facility to give details of supplies made to merchant exporters at rate of […]

Read More »

New Dates for filing GST Returns

GSTR 01 For the registered person having aggregate turnover up to Rs. 1.5 Crore in the preceding financial year or the current financial year: Serial No Quarter for which the details in FORM GSTR-1 are furnished Time for furnishing the details in FORM GSTR-1 1 July-September, 2017 January 10, 2018 2 October-December, 2017 February 15, 2018 3 January-March, 2018 April 30, 2018   GSTR […]

Read More »

MCA’s Condonation of delay scheme, 2018

During October, 2017 the MCA had disqualified more than 3 lakh directors of companies who failed to submit their annual filings for 3 or more years. This move was a bit harsh on part of certain innocent and genuine directors of companies, as they were also barred from accessing the online registry, i.e., MCA21 portal. […]

Read More »