GST Updates

[Raj Chawla]

Respected Members:

Quotes of the Day:

1. All Beautiful relationship does not depend on how well we understand someone, BUT it depends on how well we manage the Misunderstandings. 
   
2. Life is an echo. What you send out, come back. What you sow, you reap. What you give, you get. What you see in others exists in you. Remember, life is an echo. It always gets back to you. 
   

 
NICAI Updates:

1. GSTR-1 Time limit for furnishing the details of outward supplies has been extended for the months from July, 2017 to Sept, 2018, till the 31st October, 2018 and for the months from October, 2018 to March, 2019 till the eleventh day of the succeeding month.
   
2. The annual return of GST for the period 01.07.2017 to 31.03.2018 which is required to be filed along with statutory GST audit report till 31.12.2018, has been notified by the Government. 
   
3. GST Annual Return GSTR-9 for Regular assessees & GSTR-9A for Composition ones notified. Notification 39/2018 Central Tax of 04.09.2018.
   
4. Rajasthan Govt announced a four-per cent reduction in VAT on petrol and diesel, which will reduce their prices by Rs 2.5 per liter in the state.
   
5. September is crucial for taxpayers under the new GST regime, as it will be the final month for taxpayers to claim credit for invoices issued in 2017-18 as well as to rectify errors in their tax return forms for the year.
   

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With best regards,

CMA Rajni Chawla

M.COM, FCMA

712, New Delhi House, 27

Barakhamba Road, New Delhi-110001

011-43581083, 43581084

93110-81083, 97110-81083