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Taxability of Plots Under GST
Taxability of Plots Under GST As per Section 9 of the CGST Act, GST shall be payable on the supply of goods or supply or both. Section 2(52) defines goods to mean as “every kind of moveable property”. Section 2(102) defines “service” mean anything other
GST on Sale of Developed Plot
GST on Sale of Developed Plot The scheme of legislative powers under the Constitution of India is clearly demarcated with separate fields being given to the Centre and State to legislate. These powers are governed by Article 246 read with the Seventh Schedule to the
ICAI Cancels May 2020 Exams
IMPORTANT ANNOUNCEMENT 1. The students are aware that vide Announcement dated 15th June 2020, the Institute, after taking in account the academic interests and health safeguards of students intending to appear in May 2020 Examinations, had enabled them to change their centre for appearance in
RBI Advised Banks to Reclassify MSME as Per New Definition
RBI/2020-2021/10 FIDD.MSME & NFS.BC.No.3/06.02.31/2020-21 July 2, 2020, The Chairman/ Managing Director/Chief Executive Officer All Commercial Banks (including Small Finance Banks, Local Area Banks, and Regional Rural Banks) All Primary (Urban) Co-operative Banks/State Co-operative Banks / District Central Co-operative Banks All-India Financial Institutions All Non-Banking Financial
Reference Material on GST Refunds by CBIC
Introduction Goods and Services Tax (GST) in India, is a form of a Value–Added Tax (VAT). The overarching purpose of GST was to impose a broad-based tax on Consumption. It is a destination-based consumption tax. The existing taxes before GST operated under the origin principle
Raj Quarry works ,AAR Gujarat Royalty to state government is liable for RCM
Case Covered: M/s Raj quarry works The advance ruling of Gujarat Advance ruling authority in case of M/s Raj Quarry Works. Facts of the case The applicant is engaged in the business of mining activity on a plot of land leased from the Govt. of
Extension of Validity of AEO Certificate – Circular No. 31/2020-Customs
Circular No. 31/2020-Customs All Pr. Chief Commissioner/ Chief Commissioner of Customs/ Central Tax, All Principal Director-General/ Director-General of Directorate General, All Pr. Commissioner/ Commissioner of Customs/ Central Tax, All Pr. ADG/ADG of Directorates. Madam/Sir, Subject:- Extension of validity of AEO certification for ease of renewal process
Circular No. 30/2020-Customs
Circular No.30/2020-Customs To All Principal Chief Commissioners/ Chief Commissioners of Customs/ Customs (Preventive), All Principal Chief Commissioners/ Chief Commissioners of Customs & Central tax, All Principal Commissioners/ Commissioners of Customs/ Customs (Preventive), All Principal Commissioners/ Commissioners of Customs & Central tax, Madam/Sir, Subject: Paperless Customs
GSTN Has Released FAQs On Filing Nil GSTN-1 Through SMS
1. When can Form GSTR-1 be filed as Nil? Form GSTR-1 can be filed as a nil return if there are no outward supplies (including supplies on which tax is to be charged on a reverse charge basis, zero-rated supplies, and deemed exports) during the
Relaxation to Claim Exempt Allowances Under New Tax Regime of the Income Tax Act, 1961
The Central Board of Direct Taxes vide Notification No 38/2020 dated 26th June 2020 has empowered the employees who opt for new Concessional Tax Regime under Section 115BAC(5), to claim following allowances under Section 10(14) read with Rule 2BB of the Income Tax Rules, 1962
Principle of Natural Justice
Principle of Natural Justice Respected Member’s As we know that the basic motive of the principle of natural justice is to ensure fairness in social and economic activities of the people and also shields individual liberty against the arbitrary action. But what exactly are these
Synopsis of Notifications And Due Dates Prescribed In GST
Synopsis of Notifications And Due Dates Prescribed In GST Sandip Choraria Advocate. Payal Agarwal Chartered Accountant. C/o Matrix Law Office. 4 B.B.D.Bag (East). Stephen House, 5th floor, R/N-84B, Kolkata 700001. 1. Notification No. 37/2020-Central Tax dated 28.04.2020: This notification seeks to give effect to the