New releases on GST portal as on 04.01.2018

following new functionalities were made available on GST portal for you: A)Registration: Form for application of cancellation of registration by (new) taxpayer, is now available on GST portal (see rule 20 of the CGST rules, 2017).   B)Returns:   a)Taxpayers has been provided facility to give details of supplies made to merchant exporters at rate of …

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GST applicability for CA IPCC & Final may 2018 exams confirmed.

As per the ICAI notification GST is applicable for CA IPCC & Final may 2018 attempt. The Council of ICAI has decided that Goods and Services Tax (GST) will be examined in both Part II: Indirect Taxes of Paper 4: Taxation of Intermediate (IPC) Course and Paper 8: Indirect Tax Laws of Final Course from …

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Top 3 GST cloud accounting & inventory management softwares in india

Hi Everyone, In this article we are going to discuss about top 3 cloud accounting & inventory management software for your business & individual needs. Among leading companies who offers cloud ERP solutions for business few service providers are as follows: ProfitBooks: Profitbooks offers complete GST solutions for small & medium size business. you can …

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How reduction in GST rate for restaurants can affect your pocket?

Rate of tax could come down to 12% To give a boost to the hospitality sector and bring down the cost for consumers, the Goods and Services Tax Council could bring parity in rates between air-conditioned and non-air-conditioned restaurants at a uniform 12 %. Separate GST for 5 star hotel The council could also recommend …

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How to generate new E-way bill online under GST?

Introduction: In this article we shall be discussing about how to generate new E-way bill online under GST Welcome to new E-way BILL SYSTEM, a system for hassle free movement of goods throughout the Country with one E-way Bill. Now all the taxpayers, transporter and related stakeholders who are responsible for the movement of goods …

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When are goods supplied for exports taxed at concessional rate

Taxing at charge of zero.05% for intra country deliver of taxable items via a registered dealer to a registered recipient for export difficulty to the subsequent conditions: 1. Mandatory registration dealer and recipient must be registered. 2. Time limit to export goods goods have to be exported inside ninety days by using the recipient from …

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