Expert Knowledge,
Straight from Practitioners.
Tax tips, legal guides, and financial advice written by the same verified CAs, Advocates, and Advisors you can consult on ConsultEase.
Recent Updates on GST Portal
Recent Updates on GST Portal Following are the Recent Updates on GST Portal:- A transaction once reported as B2C cannot be amended later to add GSTIN & convert transaction as B2B. CBIC FAQ 7 (Jun 2018) on Financial Services. For refund in case of export of
CA Vikas ModiJun 11, 2018Supply of goods with transportation should be treated as composite supply: AAR
Supply of goods with transportation should be treated as composite supply: AAR Supply of goods with transportation services are naturally bundled; treated as composite supply. (IAC Electricals (P.) Ltd – May 28, 2018) GST : The applicant, a manufacturer of Overhead Power Transmission Line Hardware
Pending Matters Should be Priorities under GST
Pending Matters Should be Priorities Under GST Income Tax India has tweeted on its account that the pending matters should be priorities under GST. It is the message to all officers of the GST department. The Tweet is as follows:- “Assessing Officers have been directed
Government of West Bengal enhances the monetary limit for e-waybill
The government of West Bengal enhances the monetary limit for e-waybill Vide Notification No. 11/2018–C.T./GST dated 30.05.2018 Commissioner of State Tax had amended the appointed date from the 1st day of June 2018 to the 3rd day of June 2018. Thus, the provisions of rules 138
CMA Susanta Kumar SahaJun 8, 2018Foreign Investment in India -Reporting in Single Master Form
Foreign Investment in India -Reporting in Single Master Form RBI(Reserve Bank of India) has issued a circular on 07 June 2018 regarding the Foreign Investment in India. The Content of the circular is as follows:- RBI/2017-18/194 A.P (DIR Series) Circular No.30 June 07, 2018 To All
Circular No. 47/21/2018-GST
Circular No. 47/21/2018-GST 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 08th June 2018 To, The Principal Chief Commissioners/ Chief Commissioners/Principal Commissioners/ Commissioners of Central Tax (All)/
Cascading Effects of Assessment U/S 144 for Partnership Firm
Cascading Effects of Assessment U/S 144 for Partnership Firm Assessment under section 144 popularly known as best judgment assessment is an assessment carried out as per the best judgment of the Assessing Officer. Best judgment assessment can only be made at the instance of certain failures
CA Amresh VashishtJun 8, 2018Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 Highlights
Insolvency and Bankruptcy Code (Amendment) Ordinance, 2018 assented on 6th June 2018 1. Home buyers are given the status of Financial Creditors: This would imply that the home buyers would be able to file petitions under the IBC code against errant developers and will also be
CA Amresh VashishtJun 8, 2018Discrepancy in the Refund Status
The discrepancy in the Refund Status A hyperlink “View Export Ledger” on track Status page has been provided to taxpayers, to view details, return wise, to show them the difference of IGST and cess as shown in Form GSTR-3B and Form GSTR-1. Taxpayers can also
Circular No. 14/2018-Customs
Circular No. 14/2018-Customs F.No: 476/02/2016-LC Govt. of India Ministry of Finance Dept. of Revenue Central Board of Excise & Customs Room No. 49, North Block New Delhi, dated 4th June 2018 To, Principal Chief Commissioners of Customs / Chief Commissioners of Customs. Principal Commissioners of
CBIC extends officer-interface mechanism for SB005 errors, GSTIN correction utility for SB003 errors
CBIC extends officer-interface mechanism for SB005 errors, GSTIN correction utility for SB003 errors CBIC vide Circular No.15/2018-Customs – dated – June 06, 2018 extends the alternative mechanism of officer interface to resolve mismatches between invoice details in GST Returns and those in Shipping Bills filed
CA Rashmi JainJun 7, 2018Circular No.15/2018-Customs
Circular No.15/2018-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 6th June 2018 To, All Principal Chief Commissioner/Chief Commissioner of Customs/ Customs & Central Tax / Customs