Goods and Service Tax- NEXT STEPS

With Rajya Sabha approving the long-delayed GST bill, the government has announced on thursday, 4th Aug., 2016,  roadmap on implementation of GST.
 Read more: https://drive.google.com/open?id=0B1rRav-P4-8Jb1ptbDFqMjhWemc
Source:finmin.nic.in

TRANSITIONAL PROVISIONS UNDER MODEL GST LAW

The objective of the presentation is to impart understanding on various issues which a business unit/service provider shall face in this change over from earlier law to GST.

https://drive.google.com/file/d/0B1rRav-P4-8JMDdSZnpUb1ZXNVk/view?usp=sharing

E-PAYMENT UNDER GVAT

Gujarat Commercial Tax department has issued a circular dated 06.01.2016 making e-payment of Gujarat VAT mandatory for those traders whose total amount payable (tax, interest and penalty) is equal or more than  Rs.50,000.00 ( Rupees Fifty Thousand) in any one tax period. This is effective for all those tax payments, including interest and penalty, required to be made for the month of December 2015 or Quarter ending on 31st December 2015, i.e. up to 22.01.2016 and also for all such amounts payable for all the tax periods there after.

Copy of the circular:
https://drive.google.com/file/d/0B1rRav-P4-8JMkN6eGVpSnF5Sm8/view?usp=sharing

How the e-payment is  made?
Explained in the link below through snap shots:
https://drive.google.com/open?id=0B1rRav-P4-8JbUdIUXpUZ2h1Wjg

Courtesy: CA. Kamlesh Sandanshiv

                                              Partner

                       Vinay Kaushik & Co.

                     Chartered Accountants