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CREDAI Recommendations on GST
CREDAI Recommendations on GST 1. Affordable Housing Subject Present Provisions Issues Suggestions for Amendment Rationale for Amendment Affordable Housing Definition A dual threshold of sale value of INR 45 lakhs and carpet area of up to 90 sqm (in nonmetropolitan cities/towns) or 60 sqm (in
GST Portal – Known Issues & Suggested Solutions: GSTN
1. Registration Registration Issue No. 1 Sub-Category / Form: 1.1. New Registration Issue/Error Message: 1.1.1. Status of ARN generated against new registration is showing ‘Pending for Clarification’. When this issue/error comes: When SCN has been issued. Suggested solution: Please note that SCN (Show Cause Notice)
E-invoicing in India! Concept and Challenges!
E-invoicing in India! Concept and Challenges! E-invoicing – Status update! Already implemented – 1.10.2020 → • Aggregate turnover above INR 500 crore! Likely from – 1.01.2021 → • Aggregate turnover between INR 100 crore to 500 crores! Likely from – 1.04.2021 → • Aggregate turnover below INR 100 crore!
JDA Under GST
1. Joint Development Agreement 1A. Taxability On Transfer of Development Rights Development rights are Immovable Property Law relating to immovable property Finance Act, as well as the GST Act, does not provide for the definition of immovable property. Transfer of Property Act covers the law
Input Tax Credit under Section 16 (2) – The Etymology of Double/Triple Jeopardy (???)
Input Tax Credit under Section 16 (2) – The Etymology of Double/Triple Jeopardy (???) Informally, it is called the “Double Whammy” or the “Triple Whammy” – I write this article to put forth an instance of Double/Triple Jeopardy in connection with Input Tax Credit under
Meaning of term Contravention for Detention and Seizure u/s 129 of CGST Act, 2017
Meaning of term Contravention for Detention and Seizure u/s 129 of CGST Act, 2017 The procedure of Way Bill was introduced to control the evasion of the tax. The context in which the rules related to waybill to put a check on evasion of tax.
Notification No. 80 /2020 – Central Tax
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 80 /2020 – Central Tax New Delhi, the 28th October 2020 G.S.R…..(E).–
Notification No. 79 /2020 – Central Tax
Notification No. 79 /2020 – Central Tax [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 79 /2020 – Central Tax
Notification No. 78/2020 – Central Tax
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 78/2020 – Central Tax New Delhi, the 15th October 2020 G.S.R…..(E).—In exercise
Notification No. 77/2020 – Central Tax
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection (i)] Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 77/2020 – Central Tax New Delhi, the 15th October 2020 G.S.R……(E).— In
Notification No. 76/2020 – Central Tax
To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 76/2020 – Central Tax New Delhi, the 15th October 2020 G.S.R…(E).- In
Notification No 75/2020 – Central Tax
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No 75/2020 – Central Tax New Delhi, the 15th October 2020 G.S.R……(E). –