Zbeservices™ & Zcodia Group., GST and CA Chennai Update Services..

HOW TO MAKE GST PAYMENT?

The payment of GST has been enabled by the GST portal (www.gst.gov.in).
LOG IN TO GST PORTAL WWW.GST.GOV.IN
CLICK ON THE LINK “CREATE CHALLAN”

Visit us at www.zbeservices.com

muthukumar.dhamotharan@zcodia.com

Zbeservices™ & Zcodia Group

CHARTERED ACCOUNTANTS and GST CHENNAI
__________________________________________________________

FILL THE RELEVANT AMOUNTS IN CGST/IGST/CESS/SGST COLUMNS AND CLICK CREATE CHALLAN WILL BE GENERATED AS BELOW

Visit us at www.zbeservices.com

muthukumar.dhamotharan@zcodia.com

Zbeservices™ & Zcodia Group

CHARTERED ACCOUNTANTS and GST
CHENNAI
__________________________________________________________

SELECT MODE OF EPAYMENT

Visit us at www.zbeservices.com

muthukumar.dhamotharan@zcodia.com Zbeservices™ & Zcodia Group

CHARTERED ACCOUNTANTS and GST
CHENNAI

__________________________________________________________

LOG IN TO NET BANKING AND MAKE PAYMENT

SAVE THE BANK PAYMENT DETAILS

Visit us at www.zbeservices.com

muthukumar.dhamotharan@zcodia.com

Zbeservices™ & Zcodia Group

CHARTERED ACCOUNTANTS and GST
CHENNAI

__________________________________________________________

 

YOUR PAYMENT WILL APPEAR IN “ELECTRONIC CASH LEDGER”

Visit us at www.zbeservices.com

muthukumar.dhamotharan@zcodia.com


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Under the newly introduced GST regime, the GST Assessee having turnover less than Rs. 75 Lakhs can opt for paying GST under Composition Scheme. There are confusions about whether to go for composition scheme or Regular ITC method in GST. The tool below will help you in taking a decision as to whether to opt for Composition scheme or regular scheme. All you need is only the GST rate of your product and the Profit margin on your products. This tool will give you the result – Whether to select Regular Scheme or Composition scheme.

Click here to download the excel tool.

Download (XLSX, Unknown)

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Latest amendments in GST – Migration date extended

 General, GST No Responses » Sep 28 2017

The Central Government has notified Central GST (Fourth amendment) Rules 2017.

As per the above amendment, the following are the latest amendments in GST

  • Earlier, the last date for migration of the persons registered under existing law (VAT/Service Tax/Excise) was 30 days from the roll out of GST. This date has been extended upto 30th September 2017 as per this notification.
  • It further amends the rate of exchange (in case of foreign exchange) of curreny other than Indian Rupees, for determination of value.

 

The relevant notification is produced below :

Download (PDF, Unknown)

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Movement of goods under GST

 GST Comments Off on Movement of goods under GST » Sep 12017

 

Under the present VAT Regime, different states follow different rules and forms for movement of goods within the respective states and also for Inter state movement of goods. The compliance requirements under the present VAT regime has many restrictions and different procedural formalities to be completed for movement of goods.

The movement of goods under the GST regime is expected to be less cumbersome and assessee friendly. The  CBEC has released electronic way bill rules prescribing rules and regulations for movement of goods.

The various aspects of e-way bill under GST regime are discussed below.

What is an e-way bill?

E-way bill is an electronic document created for movement of goods

When is a e-way bill mandatory?

When there is a movement of goods of value more than Rs. 50000 by a registered person , e way bill is mandatory. The movement of goods may be for supply of goods, return of goods or for supply from a unregistered person

How to generate a e way bill?

The registered supplier or the recipient In case of supply from unregistered person, can generate e way bill electronically through GSTN portal in Form INS-01.

What is the validity of the e way bill?

The eway bill , once generated will be valid for 1,3,5,10 or 15 days from the date of generation of the same , depending on the distance the goods have to be transported.

Can a e way bill once generated be cancelled?

When an e way bill is generated , but the goods are either not being transported or  the details as furnished in the generated bill are different, the e way bill can be generated within a period of 24 hours of generation of the e way bill.

What is the validity of the e way bill?

The validity of the e way bill is based on the distance

Distance                                                              Validity period (days)

Less than 100 kms                                            1

100 km or more less than 300 kms            3

300 km or more less than 500 kms            5

500 km or more less than 1000 kms          10

1000 kms or more                                            15

The commissioner may extend the validity period of the e way bill for certain categories of goods as may be specified.

Time limit for acceptance of e way bill

Once the details of the 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 consignment covered by the e way bill, within 72 hours of the details being made available to him on the common portal.

What happens if the recipient doesn’t confirm the acceptance within 72 hours?

If the same is not accepted or rejected by the recipient within 72 hours, it is deemed to be accepted the details as uploaded through e-way bill.