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RCM on renting of motor vehicle amended via 29/2019-CTR dt. 31-12-2019
Important changes in RCM on renting of motor vehicle: 29/2019-Central Tax (Rate) ,dt. 31-12-2019 Notification no. 13/2017 amended w.e.f (1) (2) (3) (4) 15 Services provided by way of renting of any motor vehicle “designed to carry passengers where the cost of fuel is included
CA Shafaly GirdharwalMerchant Export vs Deemed Exports in GST
Introduction: Exports always attract tax incentive since these increase forex reserves. Even under GST the benefits continued. Accountants sometimes get confused or interchangeably use the words Merchant exports and Deemed Exports. This article is an attempt to bring the clarity on both the concepts and
Letter to PM on shortcomings/suggestions on GST by BHARTIYA UDYOG VYAPAR MANDAL
A Letter to PM on shortcomings/suggestions on GST by Bhartiya Udyog Vyapar Mandal. In this letter issues in GST are discussed. Some suggestions to make it better are also covered. Memorandum on GST it’s Shortcomings/Problems and Suggestions Dear Sir, With reference to above please accept the
understand the GST NEW RETURNS
GST NEW RETURNS Introduction Under the new GST return, there will be 1 main form viz. GST RET-1 (Normal), / GST RET-2 (Sahaj)/ GST RET-3 (Sugam) (i.e. the taxpayer will have to file any of the above forms) and two Annexures namely GST Anx-1 &
CA Sandip AgarwalIndia At Last Finding Some Ways to Regulate Imports
Curbs on Non-Essential Goods: Ways to Regulate Imports Imports are foreign goods and services that are produced in a foreign country and sold to domestic residents of a country. If a country imports more than it Exports it runs a Trade Deficit. When a country has a trade deficit,
S N PanigrahiIGST refund inspite of duty drawback on higher rate
Introduction: IGST refund inspite of duty drawback on higher rate Happy to Share for the benefit of all, that today in the matter of Petitioner is M/s Precot Meridien Limited. , I argued before *Madurai Bench of Madras Highcourt *, an issue relating to IGST refund
GST problems and suggestions
RESPECTED GST LAW MAKERS- PLEASE LISTEN AND SOLVE Respected Sir, 28 Months have been passed since introduction of GST and Indian trade, Industry and professionals have given their full support and cooperation in implementation of “Goods and Service Tax” and I have Listed some of
Standard Operating Procedure Vis-a-Vis GST Return Filing
Standard Operating Procedure Vis-a-Vis GST Return Filing (Reference Circular Number 129/48/2019 dated 24.12.2019) Time Line Action by Department 3 Days prior to Due Date i.e. on 17th of any month A system generated message would be sent to
There are few validation issues in ANX-1
There are few validation issues in ANX-1 1. State once selected in 3A of ANX-1 reappears in next selection also 2. Rate once selected also reappears in next selection too 3. Non marking of supply u/s 7 of IGST doesn’t stop the pop up for
Update Regarding Hon’ble Bombay High Court
An Update Regarding Hon’ble Bombay High Court 1. Rule 89(5) – In Shree Traders vs Union of Indian & Ors. (WP No. 12453 of 2019)- The petitioner is engaged in business of supplying goods on online portals such as myntra, flipcart, etc. The charges etc
Due date of filing of GSTR-3B extended
Due date of filing of GSTR-3B for the month of November 2019 has been extended to 23/12/2019.
ANI tweet with imp FAQ on CAA NRC
ANI has tweeted a document said to be from sources of Government of India. It contains some FAQ’s on NRC. This document has QA’s. Hope this will be helpful.