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JSON file is a type of computer file based on Java that is easy for humans to read and write. JSON file is used by the GSTN for GST return preparation and filing. GST returns can be filed on the GST Portal using a JSON file. The Government has provided an offline  GST return preparation tool  that generates JSON file that can be filed on the GST Portal. LEDGERS GST software also provides JSON format GST returns that can be uploaded to GST portal for easily filing all types of GST return. In this article, we look at the procedure for uploading JSON file on GST portal. Download JSON File for GST Return Filing In LEDGERS, access the GSTR-1 Filing page from the top menu. GST Filing -> GSTR-1 -> Overview. Select the month you would like to file GSTR1 return from the drop-down menu. Once the data is loaded, click on “Download B2B JSON” as shown below. In LEDGERS, you can download one JSON file containing all the sections of a GSTR1 return or download the JSON files in ...

According to an ICRA note, the impact of GST on both the key sectors of the economy is largely expected to be neutral. The much-awaited Goods and Services Tax (GST) rates have been finalised for various sectors including the Construction and Real Estate. According to an ICRA note, the impact of GST on both the key sectors of the economy is largely expected to be neutral. Construction and Infrastructure The composite supply of works contract in this sector will fall under the 18% GST rate with full input tax credit (ITC). The GST rate may seem higher than the current tax rates as majority of construction contracts fall under the nature of work contracts (which is overlapping between supply of services and supply of goods); and a combination of service tax and Value Added Tax (VAT) is applicable. The service tax applicable for construction companies is generally ~6% (assuming 40% services portion of the contract). However, many construction activities (like constru...

Latest Update: As per GST Council meeting of 9th September 2017 Return Month Revised due date Additional comments GSTR-1 July 2017 10-Oct-17 3 rd  October for persons with turnover more than Rs. 100 crores GSTR-2 July 2017 31-Oct-17 —– GSTR-3 July 2017 10-Nov-17 —— GSTR-4 July-September 2017 18-Oct-17 (no change) GSTR-4A is not required for this quarter GSTR-6 July 2017 13-Oct-17 —— Due dates for filing of returns for August, September onwards will be notified later by the government. GSTR-3B  will continue to be filed for the months of August to December, 2017 (earlier it was for just July and August only). Due dates for July & August 2017 As per Notification No. 29/2017 dated 5th September 2017: Forms For July 2017 For August 2017 GSTR-1 Upto 10th September Upto 5th October GSTR-2 11 th -25th September 6 th -10th October GSTR-3 Upto 30 th  September Upto 15 th  October GSTR-3B 25th August*** 20th September ...

The GST is a Value added Tax (VAT) is proposed to be a comprehensive indirect tax levy on manufacture, sale and consumption of goods as well as services at the national level. It will replace all indirect taxes levied on goods and services by the Indian Central and State governments. Though GST is considered to be a historical tax reform in India, it also has some demerits. We here would look into GST Taxation and deal with its advantages and disadvantages. GST Advantages GST is a transparent tax and also reduce number of indirect taxes. GST will not be a cost to registered retailers therefore there will be no hidden taxes and and the cost of doing business will be lower. Benefit people as prices will come down which in turn will help companies as consumption will increase. There is no doubt that in production and distribution of goods, services are increasingly used or consumed and vice versa. Separate taxes for goods and services, which is the present taxation system,...

GST is applicable for all types of goods and services in India, unless exempt or NIL rated by the GST Council. Thus, contrary to popular beliefs, GST could be applicable for some of the services and goods supplied by a Charitable Trust or NGO. In this article, we look at the provisions of GST relating to charitable trusts and NGOs in India. Criteria for Charitable Trust to Be Exempt from GST To be exempt from GST, a charitable trust or NGO must satisfy the following two criteria: The entity must be registered under  Section 12AA of the Income Tax Act . The services provided by the entity must be a charitable activity. Under the GST Act, not all services provided by a Trust registered under Section 12AA would be termed as a charitable activity. Only the following activities are termed as charitable activity and exempt from GST: Services relating to public health like: Care or counseling of terminally ill persons or persons with severe physical or mental d...