DSR D365 Knowledge

GSTR 1 Sep 2019 due date extended to 11 Oct 2019

7 years ago | [YT] | 4

DSR D365 Knowledge

*Complete list of changes made in the GST Council 37th Meeting*

1. Waiver of GSTR-9A for composite taxpayers for FY 17-18 & FY 18-19.

2. GSTR-9 shall be optional for taxpayers having turnover upto Rs. 2 crore for FY 17-18 & FY 18-19. Other taxpayers have to file their GSTR-9 before the due date.

3. No relief for GSTR-9C as of now. That means all taxpayers having annual turnover more than Rs. 2 crore shall have to file GSTR-9C.

4. To push taxpayers to timely file their statement of outward supplies, imposition of restrictions on availment of ITC by the recipients where details of outward supplies are not furnished by the suppliers.

5. GSTR-9 & GSTR-9C to be simplified in future.

6. New GST Returns to be deferred and made applicable form the m/o Apr 2020 instead of Oct 2019.

7. Cirular to be issued to make taxpayers eligible for filing refund application in GST RFD-01A for a period and category under which a NIL refund appication has already been filed.

8. Circular to be issued for clarification regarding supply of Information Technology enable Services (ITeS) (insupersession of Circular No. 107/26/2019 - GST dated 18.07.2019) being made on own account or as intermediary.

9. Redcinding of Circular No.105/24/2019 dated 28.06.2019, ab-initio, which was issued in respect of post-sales discount.

10. Decision to link aadhar with GST registration and examine the possibility of making aadhar mandatory for GST Refunds

7 years ago | [YT] | 3

DSR D365 Knowledge

*GST Council 37th Meeting Update*

1. GST Annual Returns i.e. GSTR-9 & 9A shall be optional for taxpayers having turnover upto Rs. 2 crore for FY 17-18 & FY 18-19. Other taxpayers have to file their GSTR-9 and 9A before the due date.

2. No relief for GSTR-9C as of now. That means all taxpayers having annual turnover more than Rs. 2 crore shall have to file GSTR-9C.

3. GSTR-9 to be simplified and made Saral.

4. GST rate on Hotel Tariffs of Rs. 7,500 and above to be reduced from 28% to 18%.

5. GST rate on Hotel Tariffs from Rs. 1,000 to Rs. 7,499 to be reduced from 18% to 12%.

6. GST Rate on Hotel Tariffs below Rs. 1,000 to be at Nil rate.

7. GST rate on Outside Catering (without ITC) to be reduced from 18% to 5%.

8. GST rate on Diamond Job-work to be reduced from 5% to 1.5% and GST rate on other Job-work to be reduced from 18% to 12%.

9. GST rate on Cups and Plates made from Flowers leaves to be reduced from 5% to Nil.

10. GST rate on caffeinated beverages to be increased from 18% to 28% (plus cess of 12%).

11. Council amended rules regarding Refund by Appellate Authority.

12. Council amended rules regarding GST Practitioners and Consumer Welfare Fund.

13. The States to be continued to be compensated for up to 2025.

14. Compensation cess to be reduced on motor vehicles with a seating capacity of 10 to 13 persons.

15. Circular on Post-sale Discount to be withdrawn.

7 years ago | [YT] | 2

DSR D365 Knowledge

*🔥TELANGANA STATE PUBLIC SERVICE COMMISSION: HYDERABAD🔥*
*👉WEB NOTE*
*🔹NOTIFICATION NO.10/2018 & 11/2018 DATED:02/06/2018.*
*It is hereby informed that on the basis of written examination held on
07/10/2018 FN&AN to the post of Junior Assistant (P) & (F) in Road Transport
Corporation vide Notification No. 11/2018, and to the post of Junior Assistant,
Typist, Junior Steno and Junior Assistant Cum Typist vide Notification No.
10/2018 Candidates are provisionally picked up in the ratio of 1:5 to the total
of 72 (RTC)+ 1595 (Group-IV) vacancies for certificate verification. Certificate
Verification of RTC was completed on 29/05/2019 and Group-IV will be held
from 09/09/2019 to 18/10/2019. Therefore all the candidates are hereby
directed to exercise Web Option for giving Un-reserved and Local preference
to the aforesaid posts as per their requisite qualification (academic &
technical) & eligibility of respective Notifications. It will be available from
16/09/2019 to 30/09/2019. The Candidates should avail this facility from
16/09/2019 onwards. Please visit Commission’s website (www.tspsc.gov.in)
for further details.*
*Hyderabad Sd/-*
*DT: 14/09/2019. SECRETARY*

7 years ago | [YT] | 4

DSR D365 Knowledge

https://youtu.be/c4U72H96k7M

7 years ago | [YT] | 1

DSR D365 Knowledge

*Biggest ever pan-India joint operation by DGGI and DRI against fake GST input and fake GST invoices.*

As per press release dated 12.09.2019 issued by MIF, the scam involved fake invoices to the tune of Rs.3500 crores having fake ITC of Rs.470 crores. Pan-India searches were carried out at 336 different locations across the country by joint team of DGGI and DRI. This type of joint operation is first of its kind.



Channel One

7 years ago | [YT] | 3

DSR D365 Knowledge

Dear Friends,

I earnestly request all of you not to sleep on September 6th but watch the final few hour's of OUR AWESOME SPACECRAFT, CHANDRAYAAN-2, as it will land on the South Pole of our moon around 1.40 AM on September 7th. Although, I have complete confidence in OUR OWN ISRO, please remember that we are dealing with lunar dust which is very fine and also electrically charged. So much so that it sticks to any surface....We need the collective prayers of 1.2 billion Indians to make this a great and unprecedented success. ISRO with a budget of $ 1.2 billion is really giving NASA, with a budget of $ 21 billion, a run for its money. Since I have so many dear friends who speak and write most major languages, not to speak of friends from every religion and residing in so many countries, I humbly request all of you to translate this message into your respective languages and forward to as many people as possible so it will reach every Indian on this planet. BRAVO INDIA, BRAVO ISRO..

Channel one.........

7 years ago | [YT] | 4

DSR D365 Knowledge

■Gujarat HC decision on last date for availing ITC for FY 2017-18■

Gujarat High Court held that the Press Release dated October 18, 2018 issued by CBIC is illegal to the extent it says that the last date for availing input tax credit relating to the invoices issued during the period from July 2017 to March 2018 shall be last date for the filing of return in Form GSTR-3B. High Court further clarified that GSTR-3B is not a return in lieu of GSTR-3 and accepted petitioners plea that return in form GSTR-3B is only a temporary stop gap arrangement till due date of filing return in form GSTR-3 is notified.

7 years ago | [YT] | 4

DSR D365 Knowledge

-Masterstroke by Finance Minister-

●In her budget speech, FM said that Aadhar can also be used to file Income tax returns. PAN number is not necessary to file the return. Thus, interchangeability of PAN and Aadhar has come into play.

●As per UIDAI - A total of 121 crore Aadhaar cards have been issued so far. Further, every day 10 lakh people enrol/update their Aadhaar.

●With the interchangeability of PAN with Aadhar, Income Tax Deparment shall now have control over all Aadhaar Card holders irrespective of the fact whether they hold any PAN or not.

Thanks & Regards
CHANNEL ONE

7 years ago | [YT] | 2