GST-New Return System

-










































This presentation has been compiled by CA Tarun Kumar.

Comments

Post a Comment

Popular posts from this blog

Income Tax Budget Highlights 2018

-
Budget Highlights - Direct Taxes ·       The budget proposes to allow hundred per cent deduction to the companies registered as Farmer Producer Companies and having annual turnover up to INR 100 crores in respect of their profit derived from such activities for a period of five years from financial year 2018-19. ·       Relaxation of minimum period of employment of 150 days under Section 80JJAA of Income Tax Act, 1961 apart from apparel industry is proposed to be extended to footwear and leather industry. Further, it is proposed to rationalise this deduction of 30% by allowing the benefit for a new employee who is employed for less than the minimum period during the first year but continues to remain employed for the minimum period in subsequent year ·       Gains on transfer of immovable property not to be computed with reference to stamp duty value, where variation in stamp duty value and sale consideration is less than 5% of the sales consideration. ·       Ben
Read more

GST Return Filing

-
The Central Government vide Notification No. 71/2017 dated 29 th December,2017 has provided the schedule for filing FORM GSTR-1 ( The return of outward supplies ) by Taxpayers with annual aggregate turnover upto Rs. 1.5 crore. Such Taxpayers need to file GSTR-1 on quarterly basis as per following frequency: Sl No. Quarter for which the details in FORM GSTR-1 are furnished Time period for furnishing the details in FORM GSTR-1 1 July - September, 2017 10th January, 2018 2 October - December, 2017 15th February, 2018 3 January - March, 2018 30th April, 2018 [ Notification No. 71/2017 dated 29 th December,2017 ] The Central Government vide Notification No. 72/2017 dated 29 th December,2017 has provided the schedule for filing FORM GSTR-1 ( The return of outward supplies ) by Taxpayers with annual aggregate turnover more than Rs. 1.5 crore. S
Read more