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Clarifications on GSTR-9
Press release dated 04-06-2019
Link -à http://pib.nic.in/PressReleseDetailm.aspx?PRID=1573319
The Annual Return in the form GSTR-9 for FY 2017-18 is to be filed by 30th June 2019. However, there have been many inconsistencies in the form requiring suitable amendment therein so that the intent of the Government and legal provisions are synced and appropriate disclosure is enabled in the Annual Return. Considering that 2017-18 has been first year of implementation of GST and...
87. GST Law Amendment w.e.f. 1.2.2019
Introduction:
28th GST Council meeting dated 21st July 2018 had recommended various changes in the GST Law consequent to which certain amendments in the Act were proposed. The amendments were passed by the Parliament and State Legislative Assemblies and has been made effective w.e.f. 1.2.2019. Some of the amendments have been given to retrospective effect while other have been made effective prospectively. However, some amendments have still not been made effective and therefore the...
Read moreImpact of notification No. 46/2017 Central Tax (Rate) for restaurant services
Introduction: Initially, restaurant services were liable to 18% GST. Subsequently, at the 23rd GST Council meeting on 10.11.2017 held at Guwahati, it was recommended that all standalone restaurants, irrespective of whether air conditioned or not, will attract 5% GST without ITC. To give effect to such decision, a notification No. 46/2017- Central Tax (Rate) dated 15.11.2017 was issued, as per which the GST rate applicable to services provided by restaurants, eating joint including mess,...
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