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6 days ago · For informational needs, we request you to refer FAQs and Press Releases. In case, you have any immediate query or grievance we request you to log ticket through ‘Self-Service’ module on cbic-gst.gov.in website. Thank you for your cooperation. Functionalities for appeal proceedings for Taxpayer appeal (APL-01) and Tax Department Appeal (APL ...
CHAPTER I PRELIMINARY 2 MINISTRY OF LAW AND JUSTICE (Legislative Department) New Delhi, the 12th April, 2017/Chaitra 22, 1939 (Saka) The following Act of Parliament received the assent of the President on the 12th April, 2017, and is hereby published for general information:—
Exam. for Inspectors of Central Tax held in 26.02.2024 to 28.02.2024 declared. CCA and Nodal Officers (Exam) may download marks-sheet alongwith forwarding letter from their e-Mail ID. Notice to retrieve Exchange Rate Requisition Letter alongwith Annexure-I,II & III issued for Next Dept. Exam. of Inspectors to be held from 07.08.2024 to 09.08.2024.
Central Goods and Services Tax (CGST) Rules, 2017 Notified vide thNotification No. 3 /2017-Central Tax (Dated 19 June 2017) and further as amended by Notification thNo. 7/2017-Central Tax (Dated 27 June 2017), Notification No. 10/2017-Central Tax (Dated 28th June 2017), Notification No. 15/2017-Central Tax (Dated 1st July 2017), Notification No. 17/2017-
History of CGST. CGST was introduced under the Central Goods and Services Tax Act 2017. It was formulated in order to eliminate multiple indirect taxes such as service tax, central excise duty, central sales tax, etc. CGST's revenue is collected by the Central Government of India. Objectives of the CGST Act, 2017
May 23, 2024 · The CGST Rules define the logic of adjusting CGST, SGST and IGST input tax credit with the tax liabilities of CGST, SGST and IGST. One must follow the rules since accurate ITC utilisation is crucial to avoid fines later on. Let us consider that goods worth Rs.10,000 are sold by manufacturer A from Maharashtra to Dealer B in Maharashtra. Dealer B resells them to Trader C in Rajasthan for Rs.17,500.
GST is the official website of Goods and Services Tax, a comprehensive tax system in India. You can learn about the features and benefits of GST, register as a taxpayer, file your returns, pay your taxes, claim your refunds, and access various online services and tools. GST simplifies the tax regime and enhances the ease of doing business in India.
Jul 5, 2024 · CGST (Central Goods and Services Tax): Collected by the Central Government, CGST applies to intrastate transactions (within a state). Businesses registered under GST collect CGST from their customers at the designated rate. These collected funds are then electronically deposited to the Central Government after a specified period, typically monthly or quarterly.
1 day ago · The time limit to avail input tax credit has been relaxed by inserting two new subsections to Section 16 of CGST. The amended Act will also provide a common time limit for issuance of demand notices and orders. Also, the time limit for tax payers to avail the benefit of reduced penalty, by paying demanded tax along with interest is increased from 30 days to 60 days.
Aug 2, 2023 · The formula for calculating CGST (Central Goods and Services Tax) is straightforward. CGST is calculated as a percentage of the taxable value of goods or services supplied within a state. The formula is: CGST = (CGST Rate/100 )*Taxable Value. For example, if the taxable value of goods is Rs. 10,000 and the CGST rate is 9%, the CGST amount would be:
