GOODS AND SERVICE TAX RETURN

Compulsory Registration Required by Law R equired by Law 1.   Every supplier shall be liable to be registered under this Act in the State or Union territory, other than special category States, from where he makes a taxable supply of goods or services or both, if his aggregate turnover in a financial year exceeds twenty lakh rupees: Provided that where such person makes taxable supplies of goods or services or both from any of the special category States, he shall be liable to be registered if his aggregate turnover in a financial year exceeds ten lakh rupees. 2. Every person who, on the day immediately preceding the appointed day, is registered or holds a license under an existing law, shall be liable to be registered under this Act with effect from the appointed day. 3. Where a business carried on by a taxable person registered under this Act is transferred, whether on account of succession or otherwise, to another person as a going concern, the transferee or the

आयुष्मान भारत योजना भारत सरकार के स्वास्थ्य एवं परिवार कल्याण मंत्रालय की ओर से शुरू की गई स्वास्थ्य बीमा योजना ( हेल्‍थ इंश्‍योरेंस प्रोग्राम) है। 1 फरवरी 2018 को केंद्र सरकार का बजट पेश करते हुए वित्तमंत्री अरुण जेटली ने इस कार्यक्रम के बारे में बताया था। इस योजना में देश के 10.74 करोड़ परिवारों को अस्पताल में इलाज कराने का खर्च नहीं देना होगा। ये परिवार पांच लाख रुपए तक का इलाज मुफ्त में करा सकेंगे। हर परिवार में औसतन 5 सदस्यों के हिसाब से, इस योजना से देश के 50 करोड़ से अधिक लोग लाभान्वित हो सकेंगे। आयुष्मान भारत योजना 2018 को आयुष्मान भारत बीमा योजना या आयुष्मान भारत स्कीम के नाम से भी जाना जाता है। अमेरिका के पूर्व राष्ट्रपति बराक ओबामा दवारा शुरू की गई ऐसी ही स्वास्थ्य योजना ओबामाकेयर की तर्ज पर मोदी सरकार की इस महत्वाकांक्षी येाजना को मोदीकेयर भी कहा जाता है। आयुष्‍मान भारत योजना में योग्‍यता को ऐसे करें चेक: - इसके लिए सबसे पहले आपको  Mera.pmjay.gov.in  में लॉग इन करें और फिर अपना मोबाइल नंबर और कैप्चा कोड दर्ज करें। इसके बाद, वन टाइम पासवर्ड (OTP) आपके मोबाइल

Online Information Data Base Access and Retrieval (OIDAR) Services in GST It is a category of services provided through the medium of internet and received by the recipient online without having any physical interface with the supplier of such services. E.g. downloading of an e-book online for a payment would amount to receipt of OIDAR services by the consumer downloading the e-book and making payment. It includes Services such as – i)  Advertising on the internet; ii) Providing cloud services; iii) Provision of e-books, movie, music, software and other intangibles through telecommunication networks or internet; iv) Providing data or information, retrievable or otherwise, to any person in electronic form through a computer network; v) Online supplies of digital content (movies, television shows, music and the like); vi) Digital data storage; and vii) Online gaming; Taxability of OIDAR Services in GST  For any supply to be taxable unde

Nil Rated Supply Supply of Goods as specified in Schedule – I and Services which is specifically declared as Nil GST rate in its GST rate list. For Example: In Case of Service – (a) Services by an entity registered under section 12AA of the Income-tax Act, 1961 (43 of 1961) by way of charitable activities, (b) Services by the Employees’ State Insurance Corporation to persons governed under the Employees’ State Insurance Act, 1948 (34 of 1948), (c) Services by the Reserve Bank of India, In Case of Goods – (d) Live asses, mules and hinnies, (e) Live bovine animals, (f)   Live swine, (g) Curd; Lassi; Butter milk, (h) Potatoes, fresh or chilled. Non – GST Supply Supply of Goods and/or Services on which GST in not leviable as per GST Act is called as Non-GST Supply. For Example: In Case of Service – (a) Electricity Distribution Service, (b) Water Distribution Service, (c) Gas Distribution Service In Case of Goods – (

For your information, due date of filing Gstr-1 for supplier having turnover more than Rs. 1.5 crore in preceeding financial year or in current financial year for the period from july 2017 to sep 2018 extended upto 31'st oct 2018. Supplier having turnover upto Rs. 1.5 crore, due date of filing Gstr-1 is 31'st oct 2018 Migration of taxpayers who received provisional id but could not complete the migration process shall file Gstr-1 return on or before 31st Dec 2018. Provided that if supplier registered in kerala or its principal place of business is in kodagu district in karnataka or its principal place of business is in Mahe in Union territory of Panducherry, Gstr-1 return for a quarter from july 2018 to sep 2018 shall file on or before 15 'th day of Nov of 2018. Due date of Gstr-3B remain same. File your return on time to avoid penalty.

Annual Return Annual return  is for reporting the summary of the periodic returns filed during a financial year. In simple words the complete record of transaction related to purchase & supply of goods and service reported in periodic return filed for a completed financial year. Who is Required to File  Every registered person, other than an "Input Service Distributor" , a person paying tax under section 51 ( persons who are required to deduct tax ) or section 52 ( electronic commerce operator who is required to collect tax at source) , a " casual taxable person" and a " non-resident taxable person" , shall furnish an annual return as specified under sub-section (1) of section 44 electronically in " FORM GSTR-9" through the common portal either directly or through a Facilitation Centre notified by the Commissioner: Provided that a person paying tax under section 10 (composition scheme) shall furnish the annual return in "

B2CS:  Business to Customer Small. It covers supply to Non Gst registered customers for local supply of any amt and for inter state supply where amt is less than Rs. 2.5 lac. B2CL:  Business to Customer Large. It covers supply to Non Gst registered customers for inter state supply where amt is more than or equal to Rs.2.5 lac. (In case of any question please leave your query in comment box.)

Yes Tobacco products cover under excise duty and Gst. Taxes on Tobacco Products: NCD (Excise Duty) : 10% GST : 28% COMPENSATION CESS : 160% For more details visit www.cbic.gov.in

Fisrtly a person who collect gst will be liable to pay gst. For Exp. Xyz a company sell its product to Abc company and charge gst from Abc, then xyz is liable to pay Gst. But few services covered in Rcm (reverse charge mechanism) where the liability to pay gst is at buyers end. For example Gst on legal advocate service, transport service, sponsorship service. Please note: If some one purchase goods or receive services from unregestured dealer, liability of gst payment is on receiver end but this method is postpond by gst councel till 30 sep 2019. So pls. Update yourself before 30th sep 2019.

Objectives : Single e-Way Bill for movement of the goods throughout the country.  To prevent the evasion of tax.  Hassle free movement of goods across India.  Tracking the movement of goods with e-Way Bill number.  Easier verification of the e-Way Bill by officers. e-Way Bill in GST Rule: Information to be furnished by every registered person prior to commencement of the movement of goods and generation of e-Way Bill. Upon generation of the e-Way Bill on the common portal, a unique e-Way Bill number (EBN) shall be made available to the supplier, the recipient and the transporter on the common portal.  The person in charge of a conveyance shall carry — (a) the invoice or bill of supply or delivery challan, as the case may be; and (b) a copy of the e-Way Bill or the e-Way Bill number.  The details of e-Way Bill generated shall be made available to the recipient, if registered, on the common portal, who shall communicate his acceptance or rejection of the consignm