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.
GST council 34th meeting updates for housing
GST council 34th meeting updates for housing: GST council in it’s 34th Meeting paved the way for new GST composition scheme for housing projects. Real estate was really worried for the taxation in GST. In last meeting council introduced the reduced rate of tax. There
CA Shafaly GirdharwalComparison Of Composition Schemes
Comparison Of Composition Schemes We had COMPOSITION scheme for GOODS manufacturer or trader – at 1%. Also we already had COMPOSITION scheme for RESTAURANT SERVICE supplier – at 5%. Let us have a Comparison Of Composition Schemes. Now we have , COMPOSITION SCHEME FOR SERVICE PROVIDER
Recent Changes in GST
Recent Changes in GST The GST regime changing so fast, that to keep up with every update is being impossible for everyone. We have compiled and represented the Recent Changes in GST. Following are the recent changes: IGST (Amendment) Act 2018 -No. 32 of 2018,
Taxation of restaurant services in GST
Taxation of restaurant services in GST It is a long story of nature of foods supply with serving. In pre GST regime also it was a big confusion. It persisted for years. In GST schedule II was specifically introduced to decide upon the nature of
CA Shafaly GirdharwalComposition Scheme for Real-estate
Composition Scheme for Real-estate: War in London, Weapons to China What will be the consequences if the patient is suffering from stomach ache and the physicist prescribes him paracetamol? What will happen if the war is taking place in London and the consignment of weapons
GSTR-9 Annual Return FAQs
GSTR-9 Annual Return FAQs by Ketan R. Thaker and Hardik K. Thaker We have compiled the GSTR-9 Annual Return FAQs to answer all the questions asked by the taxpayers under the GST Regime. The GSTR-9 (Annual Return) is live on the portal from few days. So,
Notification No. 11/2019 – Central Tax
Notification No. 11/2019 – Central Tax Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 11/2019 – Central Tax New Delhi, the 7th March 2019 G.S.R……(E).— In exercise of the powers conferred by section 148 of
Notification No. 10/2019-Central Tax
Notification No. 10/2019-Central Tax Government of India Ministry of Finance (Department of Revenue) Notification No. 10/2019-Central Tax New Delhi, the 7th March 2019 G.S.R (E).- In exercise of the powers conferred by sub-section (2) of section 23 of the Central Goods and Services Tax Act, 2017
New Composition levy of GST
New Composition levy of GST: New composition levy of GST is introduced by CBIC via notification No. 2/2019 CTR dated 7th March 2019. This Composition levy is for goods and service providers. Its important to remember that normal composition levy is not for service providers.
CA Shafaly GirdharwalGST will not be levied on TCS: CBIC clarification
GST will not be levied on TCS: CBIC clarification: GST will not be levied on TCS.Corrigendum to Circular No. 76/50/2018-GST dated 31st December, 2018 issued vide F.No. CBEC- 20/16/04/2018-GST- Reg. The corrigendum edited its entry no.5 which covered the valuation for GST. This entry earlier
CA Shafaly GirdharwalHon’ble Supreme Court Ruling on Section 68 (Cash Credits)
Hon’ble Supreme Court Ruling on Section 68 (Cash Credits) Summary of Hon’ble Supreme Court ruling on Section 68 of Income Tax, 1961 Recently two judges’ bench of Hon’ble Supreme Court in the case of NRA Iron & Steel Pvt. Ltd. vs. Principal Commissioner of Income
Circular on Discounts & promotion schemes in GST
Circular on Discounts & promotion schemes in GST CBIC via their Circular No. 92/11/2019-GST Dated 7 th March, 2019 clarified the issues related to Discounts & promotion schemes. Industry was in dilemma in relation to taxability of various promotion schemes. In our first Journal we also
CA Shafaly Girdharwal