Monday, December 30, 2019
Happy New Year 2020 Greetings from Abhivirthi
ARTICLES POSTED BY ABHIVIRTHI R.R.JAGADEESAN,
ABHIVIRTHI, GST PRACTITIONER, H-63, PALAAMI ENCLAVE, NEW NATHAM ROAD, RESERVE LINE, MADURAI
on
12/30/2019 10:45:00 AM
ABHIVIRTHI ARTICLE:
HAPPY NEW YEAR GREETINGS 2020
Wednesday, December 18, 2019
38th GST Council meeting decisions held on 18.12.2019
38th GST COUNCIL DECISIONS ON 18.12.2019
The Goods and Services Tax Act, 2017 came into force
with effect from 1.7.2017 in India .
In the 38th GST Council meeting held on 18.12.2019 at
New Delhi, t he
following decisions were taken by the GST Council. Relevant
Notifications will be available later.
Ministry of Finance
GST Council’s decisions regarding Law and Procedure
related changes
Posted On: 18 DEC
2019 9:52PM by PIB Delhi
The 38th meeting
of the GST Council met under the Chairmanship of the Union Minister for Finance
& Corporate Affairs Smt. Nirmala Sitharaman here today. The meeting was
also attended by the Union Minister of State for Finance & Corporate
Affairs Shri Anurag Thakur besides Finance Ministers of States & UTs
and senior officers of Ministry of Finance. The GSTCouncil recommended
the following:
- Grievance
Redressal Committees (GRC) will be constituted at Zonal/State level with
both CGST and SGST officers and including representatives of trade and
industry and other GST stakeholders (GST practitioners and GSTN etc.).
These committees will address grievances of specific/ general nature
of taxpayers at the Zonal/ State level.
- Due
date for annual return in FORM GSTR-9 and
reconciliation statement in FORM GSTR-9C for FY
2017-18 to be extended to 31.01.2020.
- Following
measures would be taken to improve filing of FORM GSTR-1:
- waiver
of late fee to be given to all taxpayers in respect of all pending FORM GSTR-1from
July 2017 to November 2019, if the same are filed by 10.01.2020.
- E-way
Bill for taxpayers who have not filed their FORM GSTR-1 for
two tax periods shall be blocked.
- Input
tax credit to the recipient in respect of invoices or debit notes that
are not reflected in his FORM GSTR-2A shall be
restricted to 10 per cent of the eligible credit available in respect of
invoices or debit notes reflected in his FORM GSTR-2A.
- To
check the menace of fake invoices, suitable action to be taken for
blocking of fraudulently availed input tax credit in certain situations.
- A
Standard Operating Procedure for tax officers would be issued in respect
of action to be taken in cases of non-filing of FORM GSTR 3B returns.
- Due
date of filing GST returns for the month of November, 2019 to be extended
in respect of a few North Eastern States.
- The
Council also approved various law amendments which will be introduced in
Budget 2020.
[This note
presents the decision of the GST Council in simple language for easy
understanding which would be given effect through Gazette notifications/
circulars which alone shall have force of law. The same will be made effective
from the date as specified in such notifications / circulars.]
******************
RM/KMN
(Release ID: 1596896) Visitor Counter : 60
Ministry of Finance
GST Council’s decisions On Rate Changes
Posted On: 18 DEC
2019 9:52PM by PIB Delhi
The
38th meeting of the GST Council met under the Chairmanship of the
Union Minister for Finance & Corporate Affairs Smt. Nirmala Sitharaman here
today. The meeting was also attended by the Union Minister of State for Finance
& Corporate Affairs Shri Anurag Thakur besides Finance Ministers of
States & UTs and senior officers of Ministry of Finance. The
GSTCouncil recommended the following relating to changes in GST rates,
exemptions.
- To
exempt upfront amount payable for long term lease of industrial/ financial
infrastructure plots by an entity having 20% or more ownership of Central
or State Government. Presently, the exemption is available to an entity
having 50% or more ownership of Central or State Government. This change
shall become effective from 1st January, 2020.
- To
levy a single rate of GST @ 28% on both State run and State authorized
lottery. This change shall become effective from 1st March, 2020.
- The
Council also considered the rate of GST rate on Woven and Non-Woven Bags and
sacks of polyethylene or polypropylene strips or the like , whether
or not laminated, of a kind used for packing of goods ( HS code
3923/6305)in view of the requests received post the changes recommended on
such goods in last meeting and recommended to raise the GST to a uniform
rate of 18%(from 12%) on all such bags falling under HS 3923/6305
including Flexible Intermediate Bulk Containers (FIBC). This change shall
become effective from 1st January, 2020.
[This note
presents the decision of the GST Council in simple language for easy
understanding which would be given effect to through Gazette notifications/
circulars which shall have force of law.]
RM/KMN
(Release ID: 1596895) Visitor Counter : 54
ARTICLES POSTED BY ABHIVIRTHI R.R.JAGADEESAN,
ABHIVIRTHI, GST PRACTITIONER, H-63, PALAAMI ENCLAVE, NEW NATHAM ROAD, RESERVE LINE, MADURAI
on
12/18/2019 10:34:00 PM
ABHIVIRTHI ARTICLE:
38th GST COUNCIL DECISIONS ON 18.12.2019
Monday, December 16, 2019
GST Practitioner Enrolment Confirmation Examination results held on 12.12.2019
GST PRACTITIONERS ENROLMENT CONFIRMATION EXAMINATION RESULTS FOR EXAMINATION HELD ON 12.12.2019
The Goods and Services Tax Act, 2017 came into force in India
with effect from 1.7.2017.
The GST Practitioners Enrolment Confirmation Examinations
were held on the following dates
1st Batch Examination 31.10.2018
2nd
Batch Examination 17.12.2018
3rd
Batch Examination 14.06.2019
National
Academy of Customs, Indirect Taxes and Narcotics (NACIN) has conducted examination
for confirmation of enrolment of Goods and Services Tax Practitioners (GSTPs)
in terms of second proviso to sub-rule (3) of the Central Goods and Services
Tax Act Rules, 2017. The examination was held on 12.12.2019 at eighteen centers
across India .
The GST Practitioners enrolled on the GST Network under sub-rule (2) of rule 83
and covered by clause (b) of sub-rule (1) of rule 83 i.e. those meeting the
eligibility criteria of having enrolled as Sales Tax Practitioners or Tax
Return Preparer under the existing law for a period not less than five years,
were eligible to appear in this examination.
The
Result of the above mentioned examination including marks obtained has been
made available individually to all GST Practitioners who had appeared in the
examination through emails and also on the Examination Portal as Candidates’
dashboard.
The declaration
of result of examination published by NACIN is given below for ready reference:
PLEASE CLICK THE LINK GIVEN BELOW TO VIEW THE RESULTS DIRECTLY:
http://www.cbic.gov.in/resources//htdocs-cbec/deptt_offcr/Result_1212.pdf
PLEASE CLICK THE LINK GIVEN BELOW TO VIEW THE RESULTS DIRECTLY:
http://www.cbic.gov.in/resources//htdocs-cbec/deptt_offcr/Result_1212.pdf
ARTICLES POSTED BY ABHIVIRTHI R.R.JAGADEESAN,
ABHIVIRTHI, GST PRACTITIONER, H-63, PALAAMI ENCLAVE, NEW NATHAM ROAD, RESERVE LINE, MADURAI
on
12/16/2019 08:00:00 PM
ABHIVIRTHI ARTICLE:
GST PRACTITIONERS ENROLMENT CONFIRMATION EXAMINATION RESULTS FOR EXAMINATION HELD ON 12.12.2019
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