Dear Friend, It has been around six months; the GST law is being introduced. During the six months, many changes were being made by the GST Council. Mainly such changes relates to either procedural issue or the rate of taxation. However, there will be very rare instances in which the Council will change the place […]
The GST Council, in its 22nd meeting has recommended the following changes in the GST Regime: Composition Scheme: The threshold limit for composition turnover has been increased to Rs. 1 Cr from existing limit of Rs. 50 Lacs. The facility of availing composition under the increased threshold shall be available to both migrated and[…..]
As we are aware that for the month of July 2017 and August 2017, Form GSTR 3B is specified for the time being. The industry has not understood the form GSTR 1, yet another form was introduced by the Govt which will be of no use after two months and that form is GSTR 3B[…..]
#DEMONETIZATION_SCHEME On 8th of November, 2016 (herein after referred to as ‘specified date’) at approximately 8pm, Hon’ble Prime Minister Mr. Narendra Modi has announced the demonetization scheme (Herein after referred to as ‘the scheme’) for the high denomination bank note of Rs. 500 and Rs. 1000 i.e. withdrawal of legal tender of the Rs. 500 and[…..]