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Latest Updates!

28th Mar 2019

The due date for ITC-04 of July 2017-March 2019 is now extended to 30th June 2019.

 

 19th Mar 2019

34th GST Council Meeting was held on 19th Mar 2019.

GST Council members met via video conferencing to discuss and pass the circulars drafted for rate cuts on affordable and non-affordable housing under construction.

 

24th February 2019

  • The 33rd GST council meet was held on 24th February 2019.
  • The due date to file GSTR-3B for the month of January 2019 has been extended up to 22nd February 2019*

*subject to notification being issued by CBIC.For the State of Jammu & Kashmir, due date is 28th February 2019.

 

10th February 2019

The next meeting-33rd GST Council meeting is scheduled to be held on 20th February 2019 via Video Conferencing.

It will be chaired by the Finance Minister Arun Jaitley. Real estate and export sector to be in limelight.

This will be the first one after the Interim Budget 2019.

 

10th January 2019

32nd GST Council meeting was held at New Delhi and chaired by Shri Arun Jaitley. Announcements made was a big relief to MSMEs and small traders.

The key takeaways of the 32nd GST Council meeting are as follows:

  • Increase in GST registration limit from Rs 20 lakhs up to Rs 40 lakhs for suppliers of goods.
  • Changes in the existing composition scheme made by increasing the turnover limit to join the scheme up to Rs 1.5 crores, tax payments to be made quarterly and returns to be filed annually starting 1st April 2019.
  • New composition scheme is introduced for service providers and those who supply services along with goods; the Turnover limit set is Rs 50 lakhs and the Tax rate is fixed at 6%.
  • No rate cuts were announced this time. GoMs were formed to study taxation of under-construction properties & lotteries.
  • Calamity cess up to 1% for up to 2 years will be charged for supplies made within the State of Kerala.

 

22nd December 2018

31st GST Council meeting was held on 22nd December 2018; Some rate cuts, Decisions to extend filing of GSTR-9,9A and 9C upto 30th June 2019, New return filing to be made applicable on trial basis from 1st April 2019 and many more were announced.

 

8th December 2018

CBIC extends due date for filing GSTR-9, GSTR-9A and GSTR-9C from 31st December 2018 till 31st March 2019 for FY 2017-18.

 

8th December 2018

Next 31st GST Council meeting to be held on 22nd December 2018 at Delhi.

 

26th Oct 2018 :

  1. Due date of GST ITC-04 for the period of July 2017 to September 2018 extended till 31 December 2018.
  2. Taxpayers whose registration has been cancelled by the proper officer on or before September 30, 2018, shall be required to furnish the final return in Form GSTR-10 till December 31, 2018.

 

21st Oct 2018 :

Due date to reconcile and file the amended GST data for FY 2017-18 in GSTR-3b for September 2018 & claim accurate ITC now extended to 25 October 2018. 

 

28th Sep 2018 :

30th GST Council Meet held on 28th September 2018 (Friday) through video conferencing.

 

13th Sep 2018 :

  1. TDS & TCSprovisions will be effective from 1st Oct 2018.
  2. Form GSTR-9C released. Due date of filing GSTR -9C yet to be notified.

 

10th Sept 2018:

  1. Extension of Due date for GSTR-3B only for newly migrated taxpayersfor months July 2017 to Nov 2018 till 31st December 2018. The due dates remain unchanged for rest of the taxpayers.
  2. Extension of Due date for GSTR-1in case of taxpayers with turnover above Rs 1.5 crores in previous FY or Current FY
  3. Regular taxpayers : for months from July 2017 to September 2018 extended till the 31st October 2018.
  4. Newly migrated taxpayers : for months from July 2017 to November 2018 extended till the 31st December 2018.
  5. Extension of Due date for GSTR-1in case of taxpayers with turnover upto Rs 1.5 crores in previous FY or Current FY
  6. Newly migrated taxpayers : For all quarters from July 2017 to September 2018 extended till 31st December 2018.
  7. For flood-affected regions of Kodagu, Mahe and Kerala : Above table of dates remain the same except for quarter July 2018 to September 2018 extended till 15th November 2018.
  8. Due date of TRAN-1 and TRAN-2 is extended for certain taxpayers who could not complete filing due to tech glitch,to 31st March 2019 and 30th April 2019 respectively.

 

4th Sep 2018 : 

  1. Taxpayers who filed GST CMP-04 for opting out of the composite scheme between 2nd March 2018 to 31st March 2018 can declare their ITC claim in Form GST ITC -01 till 3rd of October 2018.
  2. Time limit to file Form GST ITC-04 for the period from July 2017 to June 2018 has been extended till 30th September 2018.
  3. CBIC released formats of GSTR -9 & GSTR -9A.
  4. GST council waives the late fees for the following :
  5. Taxpayers whose GSTR -3B for the month of October 2017 was submitted but not filed on the common portal.
  6. Taxpayers whose GSTR -4 was filed for the period of October to December 2017 within due date but late fees were mistakenly charged.
  7. Input service distributors who paid late fees for GSTR-6 for any tax period between 1st Jan 2018 to 23rd Jan 2018.

 

21st Aug 2018:

Due date for filing GSTR – 3B for July 2018 has been extended to 24th August 2018.

 

6th Aug 2018:

Reverse Charge Mechanism (in case of supplies made by unregistered persons to registered persons), TDS and TCS provisions under GST deferred till 30th Sept 2019.

 

4th Aug 2018:

29th GST Council Meet was held at New Delhi. Incentives on Digital payments got a green flag. Committee to be formed for addressing MSME woes.

 

30th Jul 2018:

Know the highlights of Proposed changes to GST return filing.

 

30th Jul 2018:

Due date of GSTR-6 filing extended for months from July 2017 to August 2018  is 3oth September 2018.

 

  • GST on Used Vehicles – Impact of GST on Used/Old Cars Sale
    by admin on April 18, 2019 at 6:55 am

    GST Helpline India BlogGST on Used Vehicles – Impact of GST on Used/Old Cars Sale The Goods and Services Tax (GST), which was launched in India in July 2017, is an indirect tax applicable to the supply of all the taxable goods and services. The sale of used and old vehicles in India is also considered a taxable supply under GST. Read this article to know the impact of GST … Continue reading "GST on Used Vehicles – Impact of GST on Used/Old Cars Sale" The post GST on Used Vehicles – Impact of GST on Used/Old Cars Sale appeared first on GST Helpline India Blog. […]

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    by admin on April 5, 2019 at 11:08 am

    GST Helpline India BlogApplicability of GST Rate on Labour Charges in India The service sector is the largest and most important sectors in India as it contributes to more than 57 percent of India’s GDP & 54.40% of total India’s GVA of 169.61 lakh crore Indian rupees. Gross Value Added (GVA) at current prices for the Services sector is estimated at 92.26 lakh crore INR in 2018-19. … Continue reading "Applicability of GST Rate on Labour Charges in India" The post Applicability of GST Rate on Labour Charges in India appeared first on GST Helpline India Blog. […]

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    by admin on March 27, 2019 at 9:28 am

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  • A Detailed Guide to New GST Returns: Normal, Sahaj and Sugam Forms
    by admin on March 19, 2019 at 9:53 am

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  • Highly Recommended GST Software for Professionals in India – Gen GST
    by admin on March 18, 2019 at 7:08 am

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  • Best GST Software for Manufacturing Industries and Companies in India
    by admin on March 12, 2019 at 6:00 am

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  • Impact of GST on Joint Development Agreement in India
    by admin on March 6, 2019 at 6:17 am

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  • GST Rate on Dairy Products in India – Chapter 4 of HSN Code
    by admin on February 26, 2019 at 10:29 am

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  • GST on Overseas Services in India – Export of Services under GST
    by admin on February 19, 2019 at 6:59 am

    GST Helpline India BlogGST on Overseas Services in India – Export of Services under GST If you are in the presumption that all the services provided from India to outside are free from GST, you should think again. It is not necessary that all types of services being provided from India to another country can be considered as export. Let’s discuss for implementation of GST on overseas services. What are … Continue reading "GST on Overseas Services in India – Export of Services under GST" The post GST on Overseas Services in India – Export of Services under GST appeared first on GST Helpline India Blog. […]

  • Impact of GST Rate on Home Loans EMIs in India
    by admin on February 14, 2019 at 11:02 am

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