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Monthly Archives: June 2017

Effect of wrong payment of tax (CGST / SGST or IGST) – A catch 77 situation

Effect of wrong payment of tax (CGST / SGST or IGST) – A catch 77 situation I am trying to summarize what can happen when a supply is considered as Intra State supply by the supplier but later on held as Inter State supply by the department.       Event Date Remarks Date of […]

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Draft Credit Transfer Mechanism under GST Regime

  Importer of Goods totally left out Those who are importing goods have been totally left out under these provisions. There are many goods which are imported into India on which CVD and SAD have been paid. Credit of such duty should be also available. But the draft CTD rules doesn’t talk about this aspect. […]

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Audits, Assessment, Penalties & Prosecution under GST Act 2017

Audits, Assessments, Penalties & Prosecution under GST Act 2017 Amit Mundhra, FCA The Author is a member of Institute of Chartered Accountants of India. He can be reached at amit.mundhra@gmail.com

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Final GST Rules & Formats as updated on 11-06-2017

FINAL GST RULES AND FORMAT ON PUBLIC DOMAIN UPDATED UPTO 11-06-2017 S.N. NAME OF RULE RULES   FORMATS 1 Composition Rules CLICK HERE   CLICK HERE   2 Valuation Rules CLICK HERE     3 Input Tax Credit Rules CLICK HERE   CLICK HERE   4 Invoice Rules CLICK HERE     5 Payment Rules […]

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GST Rates on Goods and Services – Updated upto 03-06-2017

GST Rates on Goods and Services finalized by GST Council as updated upto 03-06-2017   Rate of GST on Goods   1 Chapter wise GST Rate Schedule – 18-05-2017 CLICK HERE   2 Chapter wise GST Rate Schedule – 03-06-2017 CLICK HERE 3 GST Compensation Cess Rates – 18-05-2017 CLICK HERE   4 Addendum to […]

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