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GST Circular about the pending IGST refund claims due to mistakes
GST Circular about the pending IGST refund claims due to mistakes To, Circular No. 12/2018-Customs F. No. 450/119/2017-CusIV Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes and Customs) *** Room No. 227-B, North Block, New Delhi dated 29th May
Advisory in relation to E-way Bill in case of Job Work transactions
Advisory in relation to E-way Bill in case of Job Work transactions Sending material on Job Work to the Job Worker is a regular transaction in most of the Industries. Here is a very brief advisory on this issue:- 1. In every case where material
Transfer of “Going Concern” is Supply of service: AAR
Transfer of “Going Concern” is Supply of service: AAR The Authority of Advance Ruling of karnataka has given the ruling on 24 April 2018 about the “Going Concern”. AAR has ruled over the application that the transfer of “Going Concern” is Supply of service. M/s.
GST Portal Scheduled for Recovery Drill
GST Portal Scheduled for Recovery Drill GSTN has tweeted a image in which they confirm the schedule for a recovery drill. So please be careful and adjust the timing for filing the returns. On 2nd June 2018 the GST Portal Scheduled for Recovery Drill and
Clarification on the GST implication related to farmers
Clarification on the GST implication related to farmers PRESS RELEASE 28th May 2018 It has been reported in certain section of the Press that certain changes have been made in GST law relating to farmers, which will come into force with effect from 1st June,
Notification No. 24 /2018 – Central Tax
Notification No. 24 /2018 – Central Tax Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 24 /2018 – Central Tax New Delhi, the 28th May, 2018 G.S.R. … (E).- In exercise of the powers conferred
Notification No. 12/2018-Integrated Tax (Rate)
Notification No. 12/2018-Integrated Tax (Rate) GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 12/2018-Integrated Tax (Rate) New Delhi, the May 28th 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (3) of section 5 of the Integrated Goods and Services
Notification No. 11/2018-Central Tax (Rate)
Notification No. 11/2018-Central Tax (Rate) GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 11/2018-Central Tax (Rate) New Delhi, the May 28th 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (3) of section 9 of the Central Goods and Services
Passion for Profession
Passion for Profession Oil Ministry Gives In-Principle Nod to Launch Petrol, Diesel Futures: Indian Commodity Exchange Ltd (ICEX) Binani Cement Lenders Vote in Favour of Ultratech Offer of Rs 7,950 Crore. GSTN will not be available on 2nd June 2018 as a Major Disaster Recovery
Advisory for GST before finalising the BOA for IT
Advisory for GST before finalising the BOA for IT purpose Financial Year 2017-18 has ended on 31.03.2018 and we are all on the verge of finalising Books of Accounts for that period. Before finalisation of Books of Accounts for the purpose of Income Tax, Companies
Circular No. 3/1/2018-IGST
Circular No. 3/1/2018-IGST F. No. CBEC/20/16/03/2017- GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 25th May, 2018 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioners of Central
Applicability of IGST on goods supplied from customs bonded warehouse
Applicability of IGST on goods supplied from customs bonded warehouse It is clarified that integrated tax shall be levied and collected at the time of final clearance of the warehoused goods for home consumption i.e., at the time of filing the ex-bond bill of entry