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Comparison Of Composition Schemes
Comparison Of Composition Schemes We had COMPOSITION scheme for GOODS manufacturer or trader – at 1%. Also we already had COMPOSITION scheme for RESTAURANT SERVICE supplier – at 5%. Let us have a Comparison Of Composition Schemes. Now we have , COMPOSITION SCHEME FOR SERVICE PROVIDER
CA Harshil ShethMar 19, 2019Dilemma over ITC adjustment for Feb Month
Dilemma over ITC adjustment for Feb Month : Dilemma over ITC adjustment for Feb month is persisting. CGST amendment Act is applicable form 1st Feb 2019. Section 49A of the said section covers the manned of utilisation of ITC. As per newly inserted Section 49A,
CA Shafaly GirdharwalMar 19, 2019New returns of GST mandatory from 1st July
New returns of GST mandatory from 1st July: Basic scheme of new returns of GST: Have you seen the new returns of GST. They are named as Sahaj and Sugam. Honestly when I try to understand them. I found it that they are one
CA Shafaly GirdharwalMar 19, 2019Taxation of restaurant services in GST
Taxation of restaurant services in GST It is a long story of nature of foods supply with serving. In pre GST regime also it was a big confusion. It persisted for years. In GST schedule II was specifically introduced to decide upon the nature of
CA Shafaly GirdharwalMar 18, 2019Recent Changes in GST
Recent Changes in GST The GST regime changing so fast, that to keep up with every update is being impossible for everyone. We have compiled and represented the Recent Changes in GST. Following are the recent changes: IGST (Amendment) Act 2018 -No. 32 of 2018,
Composition Scheme for Real-estate
Composition Scheme for Real-estate: War in London, Weapons to China What will be the consequences if the patient is suffering from stomach ache and the physicist prescribes him paracetamol? What will happen if the war is taking place in London and the consignment of weapons
Pooja JajwaniMar 14, 2019GSTR-9 Annual Return FAQs
GSTR-9 Annual Return FAQs by Ketan R. Thaker and Hardik K. Thaker We have compiled the GSTR-9 Annual Return FAQs to answer all the questions asked by the taxpayers under the GST Regime. The GSTR-9 (Annual Return) is live on the portal from few days. So,
Notification No. 11/2019 – Central Tax
Notification No. 11/2019 – Central Tax Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 11/2019 – Central Tax New Delhi, the 7th March 2019 G.S.R……(E).— In exercise of the powers conferred by section 148 of
Notification No. 10/2019-Central Tax
Notification No. 10/2019-Central Tax Government of India Ministry of Finance (Department of Revenue) Notification No. 10/2019-Central Tax New Delhi, the 7th March 2019 G.S.R (E).- In exercise of the powers conferred by sub-section (2) of section 23 of the Central Goods and Services Tax Act, 2017
New Composition levy of GST
New Composition levy of GST: New composition levy of GST is introduced by CBIC via notification No. 2/2019 CTR dated 7th March 2019. This Composition levy is for goods and service providers. Its important to remember that normal composition levy is not for service providers.
CA Shafaly GirdharwalMar 12, 2019GST will not be levied on TCS: CBIC clarification
GST will not be levied on TCS: CBIC clarification: GST will not be levied on TCS.Corrigendum to Circular No. 76/50/2018-GST dated 31st December, 2018 issued vide F.No. CBEC- 20/16/04/2018-GST- Reg. The corrigendum edited its entry no.5 which covered the valuation for GST. This entry earlier
CA Shafaly GirdharwalMar 11, 2019Hon’ble Supreme Court Ruling on Section 68 (Cash Credits)
Hon’ble Supreme Court Ruling on Section 68 (Cash Credits) Summary of Hon’ble Supreme Court ruling on Section 68 of Income Tax, 1961 Recently two judges’ bench of Hon’ble Supreme Court in the case of NRA Iron & Steel Pvt. Ltd. vs. Principal Commissioner of Income
CA Shivashish KarnaniMar 9, 2019