36th GST council meet

GST rate related changes GST rate for electric cars reduced from 12% to 5% as announced in the Uninon Budget to boost electric vehicles segment.GST rate on electric chargers and charging stations slashed from 18% to 5%Hiring of electric buses (carrying capacity of more than 12 passengers) by local authorities is exempt from GSTThe above... Continue Reading →

GST return due dates

Turnover upto Rs.1.5 cr GSTR-3B April to Jun 2019- 20th of subsequent monthJuly- Sep 2019- 20th of subsequent month GSTR-1 April to June 2019 quarter- 31st July 2019July to Sep 2019 quarter- 31st October 2019 Turnover more than Rs.1.5 cr GSTR-3B April to Jun 2019- 20th of subsequent monthJuly- Sep 2019- 20th of subsequent month GSTR-1... Continue Reading →

35th GST council meeting updates-

In much awaited GST council meeting held on June 21 post Modi 2.0 regime the below decisions were taken: Extension of filing of annual return for FY 17-18 (GSTR 9) by another two months to August 30, 2019The tenure of NAA(National Anti-Profiteering Authority) has been extended by another two years till November 30, 2021Simplified one... Continue Reading →

Who is liable for registration under GST? Any business whose turnover in a financial year exceeds – 20 lakhs . (In case of special category states it is 10 lakhs) 40 lakhs in case of exclusive supply of goods (effective from april 01, 2019) with some exceptions Mandatory registration cases Inter state supply of goods... Continue Reading →

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