Waiver of late fee fee for GST return of August and September

Where whole the tax payers facing problem and in confusion regarding the late fee in the return of September for the month of August even before the due date of filling of September return which is clarified by department that late fee of August is not waived have to pay with the return of September

Now by the notification department has given a big relief that late fee of August is waived finally.

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Goods and service tax presentation (Bird View to Goods and service tax)

Download the same with the Below Link
Click Here

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Exemption form LUT and BOND for EXPORTER (LATEST UNDER GST)

[To be published in the Gazette of India, Extraordinary, Part II, Section 3,

Sub-section (i)]

Government of India

Ministry of Finance

(Department of Revenue )

[Central Board of Excise and Customs]

Notification No. 37 /2017 – Central Tax

New Delhi, the 4^th October, 2017

G.S.R….(E).- In exercise of the powers conferred by section 54 of the Central Goods and Services Tax Act, 2017, and section 20 of the Integrated Goods and Services Tax Act, 2017, sub-rule (5) of rule 96A of the Central Goods and Services Tax Rules, 2017, and in supersession of notification No. 16/2017-Central Tax, dated the 7^th July, 2017, published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i), vide number G.S.R. 848 (E), dated the 7^th July, 2017 except as respects things done or omitted to be done before such supersession, the Central Board of Excise and Customs hereby specifies conditions and safeguards for furnishing a Letter of Undertaking in place of a Bond by a registered person who intends to supply goods or services for export without payment of integrated tax -

(i) all registered persons who intend to supply goods or services for export without payment of integrated tax shall be eligible to furnish a Letter of Undertaking in place of a bond except those who have been prosecuted for any offence under the Central Goods and Services Tax Act, 2017 (12 of 2017) or the Integrated Goods and Services Tax Act, 2017 (13 of 2017) or any of the existing laws in force in a case where the amount of tax evaded exceeds two hundred and fifty lakh rupees;

(ii)    the Letter of Undertaking shall be furnished on the letter head of the registered person, in duplicate, for a financial year in the annexure to FORM GST RFD – 11 referred to in sub-rule (1) of rule 96A of the Central Goods and Services Tax Rules, 2017 and it shall be executed by the working partner, the Managing Director or the Company Secretary or the proprietor or by a person duly authorised by such working partner or Board of Directors of such company or proprietor;

(iii)           where the registered person fails to pay the tax due along with interest, as specified under sub-rule (1) of rule 96A of Central Goods and Services Tax Rules, 2017, within the period mentioned in clause (a) or clause (b) of the said sub-rule, the facility of export without payment of integrated tax will be deemed to have been withdrawn and if the amount mentioned in the said sub-rule is paid, the facility of export without payment of integrated tax shall be restored.

2.                 The provisions of this notification shall mutatis mutandis apply in respect of zero-rated supply of goods or services or both made by a registered person (including a Special Economic Zone developer or Special Economic Zone unit) to a Special Economic Zone developer or Special Economic Zone unit without payment of integrated tax.

[F. No. 349/74/2017-GST (Pt.) Vol.-II]

(Rohan) Under Secretary to the Government of India

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Gift for FIFA lover exemption of right to admission in FIFA event

This is good news for all the FIFA lover that government has exempted the levy of GST on admission to event organised under FIFA U-17 WORLD CUP 2017.

Same is notified by the government by Notification No. 25/2017-Integrated Tax (Rate)

Government has notify there exemption no 85  under Chapter 9996

Services by way of right to admission to the events organised under FIFA U-17 World Cup 2017.

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Advisory on claiming credit in TRAN 1

Advisory on claiming credit in TRAN 1 in respect of existing registrations.

• It has been observed that taxpayers are facing problem in claiming transitional credit in respect of existing registration under earlier laws of Central Excise, Service Tax and VAT.
• When these registrations are mentioned in the TRAN 1 form in different tables, and transitional credit claimed against them, the tax payers gets the message of “processed with error” when they save such details. This happens because the application validates the furnished registration number under existing laws in TRAN 1 with the registration number mentioned in the registration/enrolment application.
• Hence, to claim transitional credit in respect of earlier registrations one must first include them in his enrolment/registration details using the non-core amendment facility and then file TRAN 1.
• While filing the application of non-core registration amendment, following care must be taken at the relevant places of application :
• One should not use special characters (-, /) while adding Service Tax No. /Central Excise No./VAT/TIN on the Business details Tab.
• One should ensure that no Duplicate e-mail or Phone No. is given for promoters/ partners or Authorized Signatories.
• One should see that Service Accounting Code (SAC) provided during migration has been provided as per new service codes (and not the earlier ones).

One should ensure that the STD code is entered correctly in the field provided and it is not entered in the field for entering the local Telephone no.

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Change in GST particular

Finally GDTIN is giving you the the facility for change in core filed s of GST registration Particular s
This facility of change in particular was available for NON CORE filed Now facility of Both Non Core or and CORE filed is available on the portal

So registered person what to change there particular s can do so. 

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