Latest Expert Exchange Queries

GST Demo Service software link: https://ims.go2customer.com
Username: demouser Password: demopass
Get your inventory and invoicing software GST Ready from Binarysoft info@binarysoft.com
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
 
 
 
 
Popular Search: empanelment :: VAT Audit :: list of goods taxed at 4% :: ACCOUNTING STANDARDS :: ACCOUNTING STANDARD :: ARTICLES ON INPUT TAX CREDIT IN VAT :: Central Excise rule to resale the machines to a new company :: cpt :: TDS :: articles on VAT and GST in India :: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: form 3cd :: VAT RATES :: TAX RATES - GOODS TAXABLE @ 4% :: due date for vat payment
 
 
Direct Tax »
 Businesses need not deduct GST on advances received for goods supply: CBEC
 Redress taxpayers' grievances on priority: CBDT to I-T department
 No tax relief on EPF interest if not employed: ITAT
  CBDT signs 7 more unilateral APAs with taxpayers
 Income tax returns (ITR) filing: Get capital gains tax exemption on new property; here is how
 Reach out to non-filers of GST returns: CBEC to fields offices
 CBDT may shelve plan to seek corporate tax estimates in advance
 IT expertise at banks' board level a must, says RBI ED
 Clarification on Indirect Transfer provisions in case of redemption of share or interest outside India under the Income-tax Act, 1961
 To avoid double-taxation CBDT says no tax at upstream foreign fund if local fund paid already
 CBDT extends due date for filing Income Tax Returns and Tax Audit Reports
 CBDT exempts cash sale of agricultural produce from disallowance of expenditure
 Tax professionals seek more time for e-filing of returns
 CBDT signs 7 more unilateral APAs with taxpayers
 India adopts reporting rules to crack aggressive corporate tax planning

Reach out to non-filers of GST returns: CBEC to fields offices
November, 14th 2017

The tax department has directed its field offices to reach out to businesses that have not filed returns under the GST but were paying taxes in the erstwhile service tax/VAT regime.

The Central Board of Excise and Customs (CBEC) has shared the zone-wise data of businesses under the Goods and Services Tax (GST) with regional commissioners to handhold them in case they are facing difficulty while filing returns under the new indirect tax regime.

The CBEC is the apex decision making body for policies relating to indirect taxes.

About one crore businesses have registered themselves on the GST Network portal. Of this, about 72 lakh have migrated from the erstwhile excise, service tax and VAT regime.

"Field offices know which businesses used to file tax in the earlier regime. Now we have shared with them the initial GSTR-3B return data to match if anyone who is eligible for paying taxes in the new regime is left out," an official said.

Under the GST, businesses with turnover of up to Rs 20 lakh are exempt. This threshold is higher than the earlier service tax or VAT.

"We would go easy on businesses as we have just switched to a new taxation system. However, there are traders and businesses who have registered under GST and have not filed returns. We have asked our field formations to get in touch with them to check if they need some handholding," he added.

Out of the one crore registered businesses, 15 lakh businesses have opted for composition scheme and will file returns quarterly.

Of the remaining, 55.87 lakh businesses filed GSTR-3B returns in July, 51.37 lakh for August and over 42 lakh in September.

"A significant number of businesses who have not filed returns actually have nil tax liability. They might be thinking that they do not need to file returns because they do not have to pay tax. We need to handhold them towards filing returns," the official said.

The GST Council, chaired by Finance Minister Arun Jaitley and comprising state counterparts, had last week cut penalty on account of delayed filing of returns from Rs 200 earlier. Now businesses with nil tax liability will have to pay Rs 20 as penalty and rest Rs 50 for delayed filing of monthly returns.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2017 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
SEO Services SEO LLC e-boost Search Engine Optimization Services Internet Marketing Services Website Placement Services On-site Webs

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions