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Analysis of new provisions of ITC for a motor vehicle
Analysis of new provisions of ITC for a motor vehicle: Some modifications in this entry were in demand. Bad drafting of earlier provision was leading to following confusions. Whether the input tax credit of motor vehicles will be available or not. ITC of some disputed
CA Shafaly GirdharwalFeb 14, 2019Impact of GST on Promotional Schemes/Free for Sampling, Donation etc
Impact of GST on Promotional Schemes/Free for Sampling, Donation etc Generally promotional schemes given on sale to attract/penetrate customer base or market. Basically it is marketing strategy. It includes different type of discount, incentives on buying, giving vouchers etc. Under GST giving promotional schemes may result into
CGST Amendment Act 2018 webinar
CGST Amendment Act 2018 webinar: Dear All We are organising a 2 days webinar for discussion on all clauses of CGST Amendment Act 2018. It will contain 2 sessions of 2 hrs each. In this webinar all clauses of CGST amendment Act will be discussed
Important changes by CGST Amendment Act 2018
Important changes by CGST Amendment Act 2018: Dear all We have compiled the section wise analysis of CGST Amendment Act 2018. This Act has introduced many important changes into CGST Amendment Act. Most of the provisions of this Act are applicable from 1st February 2019. Provisions
CA Shafaly GirdharwalFeb 7, 2019Section wise analysis of CGST Amendment Act 2018
Section wise analysis of CGST Amendment Act 2018 SL NO. PARTICULARS Reference Page No 1 Definition of adjudicating authority to exclude National Anti– Profiteering Authority. 4 2 Modification in the clause relating to race club in the definition of Business 4 3 Modification in
Shubham KhaitanFeb 3, 2019No income tax upto 5lac: How it will work?
No income tax upto 5lac: How it will work? “NO INCOME TAX UPTO Rs. 5L” IS NOT STRAIGHT FORWARD APPLICABLE TO ALL INDIVIDUALS AS THERE IS NO CHANGE IN SLAB RATES, ONLY SECTION 87A AMENDED: – Finance Minister while presenting the Interim Budget 2019-20 said
CA Amarjeet SinghFeb 2, 2019Highlights of Union budget 2019
Highlights Of Union budget 2019: Tax 1. Within 2 years, Tax assessment will be done electronically 2. IT returns processing in just 24 hours 3. Minimum 14% revenue of GST to states by Central Govt. 4. Custom duty has abolished from 36 Capital Goods 5.
Changes made in the GST Law w.e.f. 01.02.2019
Changes made in the GST Law w.e.f. 01.02.2019: GST is an ever changing law. Since the inception it has been changing forever. Now, the Central Government on the recommendation of GST council has notified certain changes in the CGST Act, 2018 and so have been
CA Ranjan MehtaFeb 1, 2019Scope and meaning of the term “ Supply involves movement of goods ”
Scope and meaning of the term “ Supply involves movement of goods ” As we all know, the fundamental power to levy taxes on sale of goods lies with the States. Immediately after independence, situations arose that when there was an inter-state sale, every State
Union Budget 2019 update: No tax upto an income of Rs. 5lac
Union Budget 2019 update: No tax upto an income of Rs. 5lac: Union budget made a big relief for middle class. The maximum exemption limit for taxpayers is increased to Rs. 5 Lac. So cheer up! now you don’t need to pay any tax upto
Compilation of important AAR’s: Volume I
Compilation of important AAR’s: Volume I Important AAR Volume I Important AAR Volume I We have compiled the important AAR’s in GST. This is first publication. The rulings covered in this edition are: S. No. Case Issue Observation Link 1 M/s. Caltech Polymers Pvt. Ltd.
CA Shafaly GirdharwalJan 30, 2019Original Copy GST AAR of Pew Engineering Pvt Ltd
Original Copy GST AAR of Pew Engineering Pvt Ltd In the GST AAR Pew Engineering Pvt Ltd, the applicant has raised the query regarding, whether the Principal Supply will be the supply of the Twin Pipe Air Brake Systems or the supply of services of