Government extends due date for furnishing of FORM GSTR-1 to October 31

Due Date for furnishing FORM GSTR-1 for the period from July 2017 to September 2018 has been extended till October 31, 2018 for all registered persons having the aggregate turnover above Rs 1.5 crores; This includes registered persons in Kerala, or whose principal place of business is in Kodagu (Karnataka) and Mahe (Puducherry).

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Posted in GST Update |

Annual Return Formats Notified

The government has come up with Annual Return Formats for FY 2017-18 wide Notification No. 39/2018-Central Tax ,dt. 04-09-2018.

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Posted in GST Update |

Be a Part of an Annual Conference on TDS and Get Valuable Insights

Tax Deduction at Source: Issues, Problems and Recent Developments

PHD chamber of commerce and industry is a leading and dynamic government body that works at the grass root level with a mission of Skilling India for Global Competitiveness. The multi-state apex organisation makes a significant contribution to the socio-economic development and capacity building by enhancing awareness, advocating research-based policies and other suitable methods.

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Posted in Direct Tax |

CbCR Appropriate usage guidance released by CBDT

CBDT has released the much awaited guidance on usage of Country-by-Country Reports (CbCR) informationvide Instruction No. 2/2018. The guidance pertains to the appropriate use of CbCR information. With this, the uncertainty and apprehensions on appropriate use of detailed information/ data filed as part of CbCR,has been addressed by CBDT. Some of the key points, inter alia, of the Instruction are as follows:

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Posted in Transfer pricing |

Sixth Amendment to CGST Rules, vide notification no. 28/2018-Central Tax dated 19.06.2018

The list of changes are here-under:

  1. In Rule 58, Sub-Rule (1A) has been inserted for transporter who is registered in more than one State or Union Territory having the same Permanent Account Number, he may apply for a unique common enrolment number by submitting the details in FORM GST ENR-02 using any one of his GSTINs.

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Posted in GST |