GST Knowledge Points 27 Feb 2017

1. Under GST Late Returns would attract fee @ 100 per day subject to maximum of 5000. This fee is separate for each return i.e. GSTR-1, 2, 3 etc.

2. CBEC launches GST mobile app & invites suggestions on AIR Duty Drawback rates under GST.

3. For B2C Supplies, Invoice wise details in GSTR-1Β  for interstate sales of more than 2.50 lacs & State wise total forΒ  sales upto 2.50 lacs.

4. No Composition Scheme for Services, Non-taxable goods, Interstate Supplies, Supply through e-commerce operators & Manufacturer of notified Goods.

Published by Business So Simple

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