GST Information Service

Nov 19,  5:42 PM Union Finance Secretary Hasmukh Adhia has asked India Inc to pass on the benefits of Goods and Services rate cuts to the consumers. Talking to DD News, Mr Adhia yesterday said the Fast-moving consumer goods, FMCG, firms and big corporates will have to ensure that retailers pass on the benefit of GST rate cut to consumers and sell their products only after lowering the Maximum Retail Price.   On concerns over small businesses coming under the lens of the anti-profiteering authority, Mr Adhiya also said it will take action only against big organised sector companies because they have the full retail chain and they decide the MRP. The Finance Secretary said it is absolutely necessary for every retailer to ensure that wherever MRP is written on a product, it is inclusive of all taxes. He said that the consumers can refer to the GST rate finder to know the new rates. Meanwhile, GST group of ministers of IT network Chairman Sushil Kumar Modi has said that GST Network will

Nov 19,  5:36 PM GST group of ministers of IT network Chairman Sushil Kumar Modi has said that GST Network will launch a facility for businesses to make changes to their August and September GSTR-3B return forms. He said the facility will begin from tomorrow. The chairman who is also Deputy Chief Minister of Bihar, talking to media in Bengaluru yesterday said that traders and manufactures who attempt to profit from the latest GST rate cut in 200 products would face stringent action. He also said revenue collections from GST was on the increase every month. Speaking after the fourth round of meeting of GoM, he said, the revenue collection from GST in October went up to 95,131 crore rupees as against 93,141 crore rupees earned in August. Referring to the recent cut in tax of 200 products from 28 to 18 per cent, he said, this would result in an outgo of 24,000 crore rupees and hoped that the consumer would get the benefit. Mr Modi also said simplification of processes and procedures nee

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The GST Council on Friday overhauled the new tax regime reducing the 28 percent tax levied on 178 items to 18 percent or lesser. Most important of them all, the Council decided to salsh the tax rate on AC and non-AC restaurants to 5 percent from the current 18 percent slab. The new rates will be applicable effective November 15. The council, which met Guwahati, has decided to cut keep only 50 luxury and ‘sin’ goods like tobacco in the highest slab, paving the way for price cuts in a raft of commonly used goods from furniture to sanitary ware. The move, which is likely to cost the exchequer Rs 20,000 crore, comes on the back of trader protests and the upcoming Gujarat Assembly elections. “We have rationalised certain items from the 28% to the 18% or even less. Optically, there are few items that shouldn’t be at 28% that were there earlier. There were 228 items in the 28% slab, 178 out of which have been shifted out of the slab. Cess items such as luxury items, sin goods, white goo

The Cabinet on Thursday approved setting up of National Anti-Profiteering Authority (NAA) under the Goods and Services Tax, a move that will ensure that businesses pass on the benefit of the recent tax rate cuts to the consumers. "This paves the way for the immediate establishment of this apex body, which is mandated to ensure that the benefits of the reduction in GST rates on goods or services are passed on to the ultimate consumers by way of a reduction in prices," the government said in a statement. Last Friday, the GST Council cut rates on  178 items to 18 percent  from 28 percent, slashed taxes on all standalone restaurants to 5 percent, in one of biggest changes in rules and rates since the new system kicked in from July 1. Only 50 items now attract tax rate of 28%. Raft of commonly used goods from furniture to sanitary ware, electrical fittings, detergents, marble flooring and toiletries, among others now fall at 18 percent tax slab. Alongside, taxes on six

Linking Aadhaar number with  PAN card  will become mandatory for filing tax returns starting July 1, and with just one day left for the rule to come into effect, everyone is wondering how to link the two. If you are a tax payer, then you must link your  Aadhaar  with your PAN today so that you do not face any hiccups during tax season. The process is quite simple, and you can link Aadhaar to PAN by SMS or  online . However, with the  Income Tax e-filing portal  experiencing heavy traffic and taking a long time to load, SMS seems to be like the better option for now. Follow the steps below to learn how to link Aadhaar and PAN card by SMS. link Aadhaar to PAN card by SMS The Income Tax department’s facility to link Aadhaar and PAN by SMS provides users with two numbers: 567678, and 56161. You need to send the SMS in the following format – UIDPAN<SPACE>123456789012<SPACE>ABCDE12345. In this, the 12-digit number represents you Aadhaar number, while the second one is your

How to link PAN card with  Aadhaar  online If you want to link your  Aadhaar  with PAN card, head over to the  Income Tax e-filing portal  and follow the steps below: On the website, click on the link on the left saying  Link  Aadhaar . Now, enter your PAN number,  Aadhaar  number, name as per  Aadhaar , and the Captcha, and then click on  Link  Aadhaar . This should link the PAN and  Aadhaar , but if there is any discrepancy in your details, you'll receive an  Aadhaar  OTP to confirm the linkage. Enter the OTP and click on  Save  to continue. You can also link the details after logging in to the income tax website. Log in as you normally would and then click on  Profile Settings  in the top menu. Next, find  Link  Aadhaar . Enter your  Aadhaar  number and click on  Save  to continue. This will only work if the details on the PAN and the  Aadhaar card  match. In case of any discrepancies, you can upload a  scan of your PAN  card, or register via OTP on your linked

Service Desk     @ACES      A National Call Centre  "CBEC Mitra Helpdesk"  is available to provide its services 24/7 to both ACES and GST helpdesk requirements. In case of any difficulty in accessing or using the ACES/CBEC-GST Applications, Departmental users as well as Dealers can seek help of the  CBEC Mitra Helpdesk by sending e-mail to  cbecmitra.helpdesk@icegate.gov.in  or calling up  National Toll-Free Number 1800 1200 232           Dealer Return - Instructions to mention IEC code in return  click here           New Assessee - Procedure for registration with ACES  click here           Existing Assessee - Procedure for Registration with ACES using TPIN link  click here           Account Blocked - Procedure To Reset Password  click here           Learning Management Software (LMS)            -  Central Excise (Registration, Returns, Claims and Intimations, Exports, Provisional Assessment, Refunds, Dispute Resolution)            -  Service Tax (Reg

The list of GST Suvidha Provider (GSP) already selected and enlisted by GSTN is given below. Tax payers who need to avail of the services of GSPs may contact them. GSTN has on-boarded these GSP basis a selection process that involved evaluating their financial ability and IT capability to deliver the necessary services to tax payers for becoming GST compliant in the new GST regime. Businesses may avail of the services of the GSP as per their need. Guidelines for GSPs and ISPs to Integrate with GST System GSP will need to connect to GST System through telecom service providers (ISP). The GSP may choose and partner with one or more ISP to integrate with GST System. Please refer the  guidelines and methodology for the integration document  for further details. S.NO COMPANY NAME BUSINESS SPOC NAME EMAIL ID CONTACTNO. WEBSITE 1 Alankit limited 1. R. K Bajaj 2. Atul Kumar rkbajaj@alankit.com atulk@alankit.com 9818156262 9582200533 ALANKIT 2 Bodhtree Consulting limited 1. Kiran