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Circular 122/41/2019: Clarification on 20% ITC
CBIC issues circular no. 122/41/2019 for clarification on 20% ITC rule: CBIC has clarified the issues on the implementation of rule 36(4) of CGST Rules. A circular is issues by CBIC. The copy of the circular is also attached here on the image. The following
CA Shafaly GirdharwalFiling reply to Form GST DRC-22
The Tax Official has issued Form GST DRC-22 to the concerned authorities for provisional attachment of my property, bank accounts, etc. How can I file reply to Form GST DRC-22 against proceedings initiated against me? To file reply to Form GST DRC-22 against proceedings initiated
Filing reply in FORM GST ASMT-11
FAQ’s on filing reply in form GST ASMT-11: 1.When a Tax Official will conduct Scrutiny of Returns? Ans: In case, any discrepancy is found in return furnished by registered person on the basis of risk parameters or suo-moto on his own motion, then Tax Official
Set of notifications on 09/10/2019
Notifications on 09/10/2019 released by CBIC: Not. No. Coverage 44/2019-Central Tax ,dt. 09-10-2019 Seeks to prescribe the due date for furnishing of return in FORM GSTR-3B for the months of October, 2019 to March, 2020. 45/2019-Central Tax ,dt. 09-10-2019 Seeks to prescribe the due
Summary of all notifications issued on 30th Sept
Introduction: Taxpayers were waiting for the notifications to implement the 37th Council’s decisions. Their date of applicability was 1st October. A bunch of notifications is issued yesterday. Here we have compiled a list of notifications issued on 30th Sept. 25/2019-Central Tax (Rate) ,dt. 30-09-2019 Seeks
100% Online Refund Process from Sept 26, 2019.
100% Online Refund via single authority: In a new process developed by GSTIN, 100% Online Refund will be processed. This functionality will start working on 26th September 2019. In this online process, the refund will be filed online. The Complete process is automated. Taxpayers are facing
Analysis of 20% limit on ITC availment
Govt Proposal to fix 20% margin money for ITC availment violates Article 14 & 19(1)(g) of COI? ITC being an indefeasible right, Govt cannot impose any unreasonable condition for its availment. If done, same may ultra vires the Constitution. Reference may be drawn from the
Turnover limit for GST regn need not be measured at PAN level
For the purpose of sec 22, “aggregate turnover (AT)” shall include all supplies made by the taxable person, whether on his own account or made on behalf of all his principals. Hence, the definition of ‘AT’ u/s 2(6) which prescribes the turnover limit PAN wise
Interim order by Madras HC: GST on above 7500 for RWA
GST on above 7500 for RWA: Madras High Court passes an interim order to charge GST only on the amount in excess of Rs.7500/- but not on the entire amount. This order is against the order of AAAR in case of TVH Lumbini square owners
Join CE free webinar on relevance of GST in Statutory & Tax Audit
CE free webinar on relevance of GST: Statutory audits and tax audits are going on. Last time many professionals finalized them without giving the proper adherence to GST issues. But this time we need to be more careful. Experiences of last year will definitely help.
Original order of M/S SIDDHARTH ENTERPRISES Ve. Nodal officer: Gujarat HC
1. Since the issues raised in all the captioned writapplications are the same, those were heard analogously and are being disposed of by this common judgment and order. 2. RULE returnable forthwith in all the captioned writapplications. Mr.Soaham Joshi, the learned AGP waives service
CA Shafaly GirdharwalInput Tax Credit on Post-sale Discount
Brief Analysis of order passed by Hon’ble Appellate Authority of Advance Ruling in respect of appeal filed by MRF Ltd against the order the AAR on the issue of Input Tax Credit on the consideration not paid by reasons of post-sale discount. Following is the