As we know the last date for filing of form GSTR 3B is 20th Aug 2017 but since the form do not contains any column for claiming the credit that was available at the beginning of GST hence there was a confusion which has now been cleared by extending the date to 28th Aug 2017 but still there is confusion .The notification which is reproduced below says that to claim the credit one has to file GSTR TRANS 1 before filing of 3B which is against the spirit of GST as was discussed intially which says the GSTR TRANS 1 can be filed within 90 days of appointed date being First of July 2017 ie as per initial understanding it can be filed by 30th OCT 2017 but now it is to be filed by 28th Aug 2017 but the law today is this notification which it seems is bound to attract litigation.
News and Updates on Taxation
"The kingdom calls for an urgent meeting of OPEC and a group of other countries with the aim to [...]
In this edition of Big Story, Moneycontrol#39;s Sakshi Batra#39;s sheds more details on the current [...]
The real economic problem of India, according to him, is that the country#39;s financial system cont [...]
The IATA, which represents around 300 airlines accounting for 82 percent of the global air traffic, [...]
On March 30, a total of 37,526 wagons were loaded, of which 25,617 wagons were loaded with essential [...]