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Rule 36(4) and Circular No. 123/42/2019-GST, Ultra Vires and Impossible Mathematics!
RULE 36(4) AND CIRCULAR NO. 123/42/2019-GST, ULTRA VIRES, AND IMPOSSIBLE MATHEMATICS! Abstract: Rule 36(4) was introduced from October 2019 to restrict credit taken by any GST registered person to the amount reflected in his GSTR 2A. The validity of such a restriction will be questioned
Monsoon may tweak Corona infections
Monsoon may tweak Corona infections in coming months; PM considered the lockdown Extention in a meeting with state ministers. The agencies reported that the number of infection may get higher in Monsoon. In India, we observe Monsoon from June to September. Monsoon may tweak Corona
Import / ExportCFSAI Advisory to Members
CFSAI Advisory to Members By our last Advisory on 24th March 2020, the Association had requested all members to consider 10days waiver of ground rent from 22nd March 2020 to 31st March 2020 due to the impact of the outbreak of pandemic COVID-19 on EXIM
Most Controversial Rulings in Last 33 Months
ADVANCE RULING CENTRAL GOODS AND SERVICES TAX ACT, 2017 The provisions for Advance Rulings have been provided through Sections 95 to 106 of Chapter 17 of the Central Goods and Services Tax Act, 2017 (‘CGST Act, 2017’). This concept has been borrowed from Service Tax
Relaxation from Bond for Customs Clearance
Circular No. 23/2020- Customs Subject: Review of Circular No. 17/2020 dated 03.04.2020 namely, ‘Measures to facilitate trade during the lockdown period- section 143AA of the Customs Act, 1962’- reg. Madam/ Sir, Kind attention is invited to Board’s Circular no. 17/2020 dated 03.04.2020 on ‘Measures
Whether the sale of goods in India belonging to associate situated abroad to be treated as export service or an intermediary service thereby taxable in India
Whether the sale of goods in India belonging to associate situated abroad to be treated as export service or an intermediary service thereby taxable in India CRODA INDIA COMPANY PVT LTD Vs COMMISSIONER OF SERVICE TAX PETITIONER: Croda India Company Pvt Ltd RESPONDENT: Commissioner of
Notification No. 49/2017-Central Tax, dt. 18/10/2017
[TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE Department of Revenue Central Board of Excise and Customs Notification No. 49/2017-Central Tax New Delhi, the 18th October, 2017 G.S.R.
SOP for Export of Sanitizers, masks, paracetamol, hydroxychloroquine
Standing Order: SOP for Export of Sanitizers Subject: (Standard Operating Procedure) SOP for Export of Sanitizers, masks, paracetamol, hydroxychloroquine, etc. restricted/ prohibited under various DGFT Notifications-reg. The attention of all concerned officers is invited to DGFT Notifications No. 52/2015-2020 dated 19.03.2020. 53/2015-2020 dated 24.03.2020, 01/2015-2020
CESTAT in the case of Croda India Company Pvt. Ltd. Versus Commissioner of Service Tax
Case Covered: Croda India Company Pvt. Ltd. Versus Commissioner of Service Tax-VII Facts of the case: This appeal is directed against order in original No 46/ST-VII/RS/2014 dated 23.03.2015 of Commissioner Service Tax –VII Mumbai. By the said order Commissioner has held as follows: “4.1 I
No GST on director’s salary
Case Covered: M/s Anil Kumar Agarwal Facts of the case: Mr. Anil Kumar Agarwal, Flat # H-801, ETA Garden, Magadi Road, Oppo. Binny Hills, Banglore 560023, an unregistered person having User ID 29100000213ART, has filed an application for Advance Ruling under Section 97 of the CGST
All GST Notifications with category wise classification
Index of Central Tax Notifications Period No. of Notification Total No. of Notification Year 2017 01/2017 to 75/2017 75 Year 2018 01/2018 to 79/2018 79 Year 2019 01/2019 to 78/2019 78 Year 2020 upto 05/05/2020 01/2020 to 42/2020 42 Index of Central Tax
Notification No. 37 /2017 – Central Tax, dt. 04/10/2017
[To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)] Government of India Ministry of Finance (Department of Revenue ) [Central Board of Excise and Customs] Notification No. 37 /2017 – Central Tax New Delhi, the 4th October, 2017