From 1st July, 2017 GST is applicable. Would like to know about the Service tax which is payable on Receipt basis of Bills, and payments of which are not received till 30th June, 2017. Whether Service Tax of unpaid Bills as on 30th June, 2017 is also to be paid to Government or the same is to be paid when the payments of such Bills is received. Secondly, filing of Return (ST-3) of such BILLS payments of which is not received and will be received on later dates. more
So far service tax on services rendered was to be credited to govt account on receipt. If invoice has been raised in June and payment is not to be received till after 45 days would one have to make payment before 7th July or on receipt. more
Rajnikant ji, Your service tax is payable to government if you have raised the invoices prior to 01 Jul 2017 irrespective of receipt of payment. This is what I have understood over a long period since the service tax was introduced. Claimed amount of service tax will have to be deposited by 06 Jul 2017. more
Nephew had applied for GST cancellation a couple of months back but continues to receive notices from GSTN for failure to file monthly return. His accountant tells him that GST office will not proc...
7 years post the launch of GST I must tell you that most retail services businesses in India still evade it and Govt has failed to do anything. From ac repair fellow to caterers and from...
My cousin’s friend runs a local bakery in Goa. He accepts only CASH. No UPI/CC/Debit Card-- nothing! Logic: if he accepts anything in 'white', he will pay around...
Interesting how poor people and commoners pay GST on pretty much everything they buy from biscuits to namkeen, milk to grocery And rich buys iPhone, Luxury Cars, etc as Business Expenses...
Cut & polished diamonds are charged 1.5% GST. Flour & curd are charged 5% GST. Diamond walas can fund politics but aate dahi doodh walas can’t?? Plea...
The GST Council has recommended 5% GST on dairy items like pre- packed, pre-labeled curd, lassi and butter milk and increasing GST on dairy machinery and milking machines from 12% to 18%. This move...
Bicycle will attract a GST rate of 12%, but diamonds will attract only 0.25%. At a time when people aren't able to afford petrol & the poor are forced to commute on cycles, the govt charges 12%...
The Private tutors and coaching classes runners should be registered by the local authorities like Panchayats, municipalities and metros through simple forms with names, addresses of operators, the...
Rs6.14 lakh crore as input tax credit (ITC) remains blocked under Rule 86A by the tax authorities without any due process being followed. Attached is data by state. Can LocalCircles take up this is...
Dear All, I live in an affordable housing society under PMAY in Gurgaon for the past two years. Maintenance is supposed to be free for five years. Builder has increased CAM charges twic...
By Gloria Joseph
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