Thursday, August 17, 2017

Govt. extends GSTR-3B/Form TRANS 1 filing deadline till Aug. 28

Finance Ministry issues press release, announces extension of deadline till August 28, for submission of GSTR-3B & Form TRANS 1; Govt. acknowledges concerns regarding form for claiming transitional input tax credit not being available on the GSTN website, says the form will be available from August 21st; Extension of deadline only for those taxpayers who want to claim transitional credit, however with caveat that they have to make full settlement of the tax liability after adjusting the transitional input tax credit before August 20th: PIB Release

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Deferred Customs Duty for Manufacturers: EMI Scheme Takes Effect from 1 April 2026

  In a significant move to ease working capital pressures for manufacturers, the Central Board of Indirect Taxes and Customs (CBIC), vide Ci...