Is there any specific provision for interest income under the Goods and Services Tax (GST) Act? I want to know if I charge an interest for payment delay, do I need to pay GST on it? Also, sometimes we debit buyers’ accounts directly as fee for delay. Will there be GST on such fees? and How to File in GST?

What is the last date to submit GST Trans-1?

Kindly reply us on urgent

Sir I am working at odisha gramya bank as daily deposit agent @2% commission for daily basis. Should I resister for gst.My income is 8 lakh for annum. If I pay gst what is the gst rate.is it complsory to gst resist ration.lic agents & postal agents are not under gst.

Can anybody brief me on the reporting compliance for Annual Return of small companies for the year ended on 31st March, 2017? As far as I know, we have to

1. Report about demonetized cash deposit in our Audit Report and by the company in its financial statements.
2. We do not need to report on the internal financial controls of the company.

Is there anything else?

I do remember that Govt announced that no late fee,penal action for lat filing for few months. But now, 3B can not b uploaded w/o pmt of late fee of rs. 200 pr day. Any way out ?

In profit and loss account, whether sales are shown including of vat and purchase are to be shown including of vat.
or we should show sales net of tax and purchase excluding vat by treating vat on purchase as asset and vat on sale as liability?

Please Suggest

Sir,a registered person having no excise duty paid invoices with him but wants to take cgst credit on the excisable stock as on 1.7.2017,is he liable to file tran1,tran2 and tran3? Or he will file tran 1&2 only?as per law,in absence of excise duty paid invoices the manufacturer has to issue credit transfer document to the dealer enable him to avail transitional credit under cgst act.

which tax rate charge on cartage in invoice when different tax rate items in same bill and any notification for support of this clarification..

I took transfer of articleship in second year from mumbai on account of shifting to my hometown. And then i joined a firm in jodhpur ( i am belong to a small town which is located around 100 km far away from jodhpur) as in my home town there is not a single chartered accountant so that i pursued in jodhpur commencing from 25-10-2016 and i sent all required documents on 22-11-2016 to kanpur branch. I received a letter from institure that my aplication form no 102&109 has been received and transferred to my region. So i was assured that i am registered. I cleared ipcc group 2 in may 2017 attempt and as per notification by institute students eligible to appear in November 2017 can regestered themselves under old course before 1-09-2017 so applied on 18-08-2017. I didn't get my articleship registration letter that is why I inquired at kanpur branch of institute on 02-08-2017 and they have responded that your article file has been transferred to delhi branch. When i further inquired at delhi branch they informed me that your form received by 1 day delay so send us condonation demand draft of Rs 100 . I complied with the same and inquired after 1 week and i was convinced that wait for 15days. After 15 days i again inquired and i was informed that your principal's professional address is faridabad as per our record so send us a clarification duly attested by your principle that how you are managing your articleship in jodhpur(as per fact of the case the firm in which i am pursuing articleship have multiple branches in india and i am working in jodhpur branch) i have complied the same and again i was waiting and after 15 days I inquired then they have responded that we cannot register you in this case as they told me that your principle's address is of faridabad and you took transfer on account of shifting to your home town. They provide me solution that send us again form no 103 under partner of your firm who are registered in jodhpur and i did the same and submitted the form in delhi branch in personnel on 06-09-2017. They have transferred my article file to kanpur branch and ask me to wait for 15 days. And again when I inquired at kanpur branch they are telling me that your form has been received by 286 days delay. Again I approached to delhi branch and they are telling me that we have transferred the original form which was earlier received with your file as i have to appear in November 2017 exam please help me as soon as possible.. i have submitted exam form within due date.

the amount of GST paid is reflected in electronic cash ledger but it's not getting offset against liability. can somebody help me out ??? many thanks in advance