Sunil Roshan & Associates

GST UPDATE

NO LATE FEES for filing of GSTR-1, GSTR-3B & GSTR-4 for the period July 2017 to Sep 2018 if filing is done during 23-Dec-2018 to 31-Mar-2019

Source: Today's GST committee meeting

Regards
CA Sunil D
M/s. Sunil Roshan & Associates

GST APPLICABILITY: The Acts relating to GST extends to whole of India except Jammu & Kashmir.

Though the Government has planned for ONE NATION : ONE TAX, due to various Political & Constitutional Reasons, State of Jammu & Kashmir has been excluded from the applicability of Act.
Hence, for the time as it goes, the GST Acts will not be applicable to the state of Jammu & Kashmir, so the dealers of the State of J&K, will not be covered under the GST Acts. [Only the Act is not applicable to the State of J&K, J&K is still & will be part of India ;) ]

*Note*: ACTS relating to GST are:
1) Integrated Goods & Services Tax Act: IGST Act
2) Central Goods & Services Tax Act: CGST Act
3) State Goods & Services Tax Act: SGST Act

IGST Act : This Act gives power to the Central Government to levy GST for Inter-state transaction
CGST Act : This Act gives power to the Central Government to levy GST for Intra-state transaction
SGST Act : This Act gives power to the State Government to levy GST for Intra-state transaction

In principal, there are no differences in these acts... We would be understanding the law by going through CGST Act...