India: GST Council extends date for filing annual returns and reconciliation statement, introduces measures to address consequences for non-filing of returns and fraudulent ITC

The major decisions* taken by the GST Council in its thirty eighth meeting1 are summarised below.Read More »

India: Government issues clarifications to further ease the procedure for filing and sanction of export refunds

Based on representations and to ensure uniformity in the implementation of the refund provisions relating to export of goods and services, the Central Board of Excise and Customs (Board) has issued Circular No. 37/11/2018 – GST dated March 15, 2018 to clarify various aspects relating to processing and sanction of refund claims. Read More »

India – GST Council temporarily extends the present system of filing of returns and export benefits for procurement of goods and recommends implementation of e-way bill scheme in a phased manner from 01 April 2018

In its 26th meeting held on 10 March 2018, the GST Council has decided to extend the present system of compliance for taxpayers for another 3 months up to June 2018, and the export benefits for procurement of goods for another 6 months up to 01 October 2018. Read More »

Japan – Consumption tax filing obligations for digital service providers

Japan has implemented new regulation for x-border digital service where the B2C digital services by offshore service providers to Japanese customers are subject to Japanese consumption tax.
As the filing due date for the company whose fiscal year end is December is 28 February, please find HERE a quick Web Video as an alert.Read More »

India – Government extends due date for filing GSTR 1, GSTR 2 and GSTR 3 for the months of July and August, 2017

The Government has tweeted on its official twitter handle for queries on GST about the extension of due dates for submission of detailed returns in Forms GSTR 1, GSTR 2 and GSTR 3 for the months of July and August, 2017. The formal notification for extending the timelines is expected shortly. Read More »