Vikash Professionals

for more details contact us on
E-mail. [email protected]
Mob. 7566466669

Account Review Services for better compliance and minimise audit objections
[email protected]
7566466669

GST एवं एकाउंटिंग के काम के लिए संपर्क करें
Ofc : 7566466669

एक्सपर्ट GST कंसलटेंट
रायपुर

संपर्क : 7566466669 (Ofc.)

Key Points about Charitable Trust Or NGO

1. Criteria for a charitable trust to be exempted from GST- (a) Must be registered under Section 12AA of the Income Tax Act, and (b) Services provided by the charitable trust or the NGO must be for a charitable cause.

2. Goods sold by a charitable trust is taxable. The charitable trust must pay the GST rate applicable while purchasing the supply.

3. Charitable trust is conducting training programs, yoga camps, or other programs that are not free for participants, it will be considered as a commercial activity and hence will be liable for GST. Even the donation received for such an activity will be liable for taxation under GST.

4. Services provided by way of training or coaching in recreational activities relating to arts and culture, or sports by a charitable entity will be exempt from GST.

Govt. Had not issued notification for waiver off Late filing fees for the month of August for 3B so file GSTR 3B with late fees if later waived off then your cash credit ledger will credited with amonut.

Tally update 6.1.1. available now
Kindly update to get more reliable and accurate GST filling and Accounting experience.

Dear Sir/Madam
Now we are associate partner for *tally*.

We sell across India, You may order from any location

Contact us for.

1. New single/Multiple user

2. Renewal of existing licenses.

3. Update any old version of tally to ERP -9.

4. Yearly update.

Any other service regarding tally.

We are also offering AMC for tally setting related work.

Your association with us is highly rewarded.

Contact us.
*VIKASH PROFESSIONALS*
8982667000
[email protected]

Press Release Dated 06-10-2017 regarding 22nd GST Council Meeting Key Points

1. Composition Dealer- Threshold Limit Increased to 1Cr from 75 Lac, and in notified to 75 Lac from 50Lac

2. Composition Dealer Can Now Provide Exempt Services- It has been decided that such persons who are otherwise eligible for availing the composition scheme and are providing any exempt service, shall be eligible for the composition scheme.

3. Unregistered Service Provider having turnover upto 20 Lac can now provide interstate taxable supplies of services

4. Person having Turnover upto 1.5cr to file Quarterly Return and Pay Tax Quarterly- starting from the Third Quarter of this Financial Year i.e. October-December, 2017.

5. Reverse charge mechanism under Section 9(4) of the CGST Act, 2017 and Section 5(4) of the IGST Act, 2017 shall be suspended till 31.03.2018.

6. Tax on Advance Received*- Taxpayers having Turnover upto 1.5cr not required to pay tax on advance received for supply of Goods.

7. GTA Service-services provided by a GTA to an unregistered person shall be exempted from GST.

8. Registration under TDS/TCS and its operation is postponed till 31.03.2018.

9. E-way bill system shall be now operational from 01.04.2018

10. Last date for filing the return in FORM GSTR-4 by Composition Dealer for the quarter July-September, 2017 extended to 15.11.2017.

11. Last date for filing the return in FORM GSTR-6 by Input Service Distributor for the months of July, August and September, 2017 shall be extended to 15.11.2017.

12. Invoice Rules are being modified to provide relief to certain classes of registered person.