GST Made Easy

26/11/2021

https://gstmadeeasy.com/subsidy-for-patent-registration-in-gujarat/

In order to promote Innovation by MSME, Gujarat Government subsidy for Patent Registration up to Rs. 25 Lacs to Individual/ MSME unit.

03/08/2021

https://gstmadeeasy.com/interest-subsidy-for-msme-enterprise/

Interest subsidy for MSME is available for setting up new/ existing manufacturing or service business. Interest Subsidy can be in range of 5% to 9%.

25/07/2021

Government of Gujarat provides subsidy up to Rs. 45 Lacs for units engaged in manufacturing sector as capital subsidy for MSME enterprise.

08/05/2021

*FREE DOWNLOAD NOW*

Features of excel based GST Invoicing software:

One click Sales Invoice, Purchase invoice, Debit Note, Credit note, proforma Invoice generation.

Login Security for prevention of unauthorized access.

Proper Inventory Management.

Master Data Management for Customers, Suppliers and Products.

Inbuilt Invoice editing system.

Automatic once click e-mail invoice to customers even without using Outlook.

Build of Material Setup (BOM) which is very useful for Manufacturing entities.

Automatic applicable IGST, CGST and SGST calculation.

Once Click Sales, Purchase, Debit Note, Credit Note report generation.

Part wise or month wise report can be generated which is useful while filing GST return.

No formula used in entire software, so risk of losing formula.

Option to take cloud backup.

23/07/2020

VBA developer required for excel baaed some project development, moderate to Advance level knowledge required.

Gujarat based preferable.

21/04/2020

Read about residential Status of an Individual as amended by The Finance Act, 2020.

http://gstmadeeasy.com/residential-status-as-per-the-income-tax-act/

24/01/2020

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Big relief to the Industry:

Today, Gujarat High Court has pronounced order on Ocean freight. Levy of GST on Ocean freight held ultra virus.

Therefore, No tax is leviable under the Integrated Goods and Services Tax Act, 2017, on the ocean freight for the services provided by a person located in a non-taxable territory by way of transportation of goods by a vessel from a place outside India upto the customs station of clearance in India and the levy and collection of tax of such ocean freight under the RCM Notifications is not permissible in law.

04/01/2020

*Most awaited

“*Form GST PMT-09*”

(Transfer of amount from one account head to another in electronic cash ledger in case of payment made into wrong head)

u/s 49 as specified in “Section 98”of the Finance (No. 2) Act, 2019 (23 of 2019) now notified to be applicable from 1st Jan 2020 vide notification no. 01/2020- central tax, dated 01.01.2020.

Please note that the said form “GST PMT-09” yet to enable at GST portal.

02/01/2020

*Press Note CBIC 31.12.2019*

73% taxpayers availed Sabka Vishwas, commit Rs 30627 Cr, date extended upto 15 Jan.

New Delhi: Sabka Vishwas (Legacy Dispute Resolution) Scheme has received a huge response with almost 73% of the total eligible taxpayers availed the Scheme and have committed to pay tax dues of Rs. 30,627 Crores. Keeping in view the response of the taxpayers to the Scheme, the Central Government today *extended it for a period of fifteen days, till 15th January, 2020*.

This is one-time and final extension in view of taxpayers’ response.
CBIC said today that out of the total 1.84 lakh taxpayers who are eligible to avail the Scheme, as many as 1,33,661 taxpayers have so far submitted their applications by the morning of 31.12.2019. Their applications involve tax dues of Rs. 69,550 Crores and after availing various reliefs, the payable amount is Rs. 30,627 Crores. Sabka Vishwas is received by the taxpayers as the most beneficial dispute resolution scheme ever announced by the Government.

*Therefore, the Government has extended the SVLDRS as a one-time measure for a fortnight up to 15.01.2020. There will be no further extension to this Scheme, CBIC reiterated*

26/12/2019

*Standard Opersting System (SOP) for non filiers of returns under GST & their cancellation of registration*

1. Registered persons under GST will get a reminder 3 days before due date to file their GST returns;

2. Once the due date is over, the registered person will get a msg from gst dept stating that he has not filed the said return;

3. 5 days after the due date is over, the registered person will get a notice in form GSTR3A requiring him to furnish the said return within 15 days;

4. If the person doesn't file the return within 15 days, the officer will pass a best judgement assessment order in form GST ASMT 13;

5. Now, the registered person gets a final opportunity to submit his return within 30 days from passing the above order, if he files then the order will stand withdrawn. If he doesn't, then the officer will start recovery proceedings for recovery of GST.

*Circular no.128/49/2019 - GST, dated 24th Dec 2019*

19/12/2019

GST-Here are some of the major announcements in GST council meet dt : 18th Dec 2019

1. The Council decided that input tax credit will now be restricted to 10 percent as against 20 percent earlier if invoices not uploaded.

2. Deadline for GSTR 9 and GSTR 9C return filing for 2017-18 extended to January 31, 2020 from December 31, 2019 .

3. Penalty for non-filing of GSTR-1 from July 2017 relaxed. Late fee waived for all assessees failed to file GSTR 1 , if they file it by 10th January 2019.

4. GST Council exempts long term lease on industrial plots to facilitate setting up of industrial parks.

5. Land lease GST rates to be applicable from January 1, 2020.

6. Uniform rate of 18% for woven and non-woven bags.

7. Uniform rate of 28% for lotteries.
At present, lotteries run by state governments attract 12% GST while those authorised by them and sold outside the state are taxed at 28%.

8. E-way bill for those who haven't filed GSTR-1 for 2 tax periods shall be blocked.

9. Standard procedure for officers to be issued in respect of action to be taken in cases of non-filing of GSTR-3B.

10. Due date of filing GST returns for Nov 19 to be extended in certain north eastern states.

26/08/2019

:9

Due date of filling GSTR-9, GSTR- 9C & GSTR-9A i.e Annual return/Reconciliation statement EXTENDED up to 30th November, 2019 for FY 2017-18.
( By way of Order No 7/2109 , Central Tax)