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100 Issues & solutions in filing GST Returns & TRAN Forms - Hiregange & Associates
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It is seen that industry, trade and professionals have been facing various issues in filing of GST Returns and transitional forms. Therefore, this article is written to provide as a ready reckoner to those involved in filing of GST returns to understand the issues and also solution to resolve the same. For ease of readers, the issues are provided in FAQ form and the same is also segregated in various sub-heads as given in table below. |
FTP Corner November 2017
Validity of Duty Credit Scripts [Public Notice 33/2015-20 dated 23/10/2017]:
Duty Credit Scripts would be valid for a period of 18 months from the date of issue and must be valid on the date on which actual debit of duty is made.
Further, Duty Credit Scripts issued on or after 01.01.2016 under chapter 3 would be valid for a period of 24 months from the date of issue and must be valid on the date on which actual debit of duty is made.
Onetime condo nation of time period...
Read moreFAQ on filing of Transition form
1. What is the requirement for filing transition Form GST TRAN - 1?
Every registered person in GST would be required to file form GST TRAN-1 to carry forward credit of eligible duties and taxes paid under earlier laws such as Central excise, service tax and VAT in respect of input or input services or capital goods.
2. Who has to file TRAN forms under GST regime?
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Recent changes in GST with respect to Composition Scheme, Reverse Charge, Registration, Returns, etc - Hiregange & Associates
1. Composition Scheme-Changes made on 13.10.2017
Consequent to the decisions taken in the 22nd meeting of the GST Council held on 06.10.2017, relevant notifications have been issued on 13.10.2017. Following are the changes made in the composition scheme.
- Notification No. 46-Central Tax, dated 13.10.2017 [amendment to Notification No. 8/2017Central Tax, dated 27.06.2017]:
Increase in...
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