Expert Knowledge, Straight from Practitioners.

Deficiency in Formula of Calculation of Max. Refund Amount under Rule 89(5) and Probable Solution Thereof

Deficiency in Formula of Calculation of Max. Refund Amount under Rule 89(5) and Probable Solution Thereof Section 54(3) allows Refund of Unutilized ITC, inter alia, accumulated ITC due to higher rates on inputs than rates on outward supplies. The further refund may be claimed after

Jun 26, 2018

LIQUOR LICENCES: UNDOUBTEDLY TAXABLE BEFORE AS WELL AS AFTER GST

LIQUOR LICENCES: UNDOUBTEDLY TAXABLE BEFORE AS WELL AS AFTER GST ROLL OUT – By K K Sharma, Member, Central Board of Excise & Customs (Retd.) TAXABILITY of liquor licenses issued by various State Governments to liquor vendors has come into question in the wake of

Live demo for the filing of GSTR-1

Live demo for the filing of GSTR-1 Let us discuss the procedure for the filling of GSTR-1. The full procedure is discussed step by step with the help of live demo for the filing of GSTR-1. The due date for the filing of GSTR-1 is

Neeraj Kumar Rohila

Nine Steps for Revocation of Cancelled GST Registration

Nine Steps for Revocation of Cancelled GST Registration { Application for revocation of cancelled GST registration can be accessed within 30 days, from issuance of the Cancellation Order on the GST Portal, after logging in.} STEPS 1. Access the https://www.gst.gov.in/ URL. The GST Home page

CA Amresh Vashisht

Supplies of service by the employer to the employee :

Supplies of service by the employer to the employee : Issues: What would be the valuation where the employer recovers Rs 10 towards the supply of canteen service to the employees where the cost incurred by the employer is Rs 100? Supply of canteen service by

📋Income Tax Consultancy

Notification No. 27/2018- Income Tax

Notification No. 27/2018- Income Tax MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 18th June 2018 No. 27/2018 (INCOME-TAX) S.O. 2938(E).—In the exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax

📋Import / Export

Notification No.48/2018–Customs

Notification No.48/2018–Customs GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No.48/2018–Customs New Delhi, the 20th June 2018 G.S.R. (E).-WHEREAS the Central Government on being satisfied that the import duty leviable on goods, falling under Chapters 7, 8, 28, 38, 72 and 73 of

📋Income Tax Consultancy

Notification No. 28/2018-Income Tax

Notification No. 28/2018-Income Tax NOTIFICATION New Delhi, the 18th June, 2018 No. 28/2018 (INCOME-TAX) S.O. 2939(E).—In the exercise of the powers conferred by clause (iib) of the proviso to section 193 of the Income-tax Act, 1961 (43 of 1961), the Central Government hereby specifies the

Common enrolment for transporters for e-Way Bills

Common enrolment for transporters for e-Way Bills; Seizure / Confiscation orders made available online Central Govt. notifies CGST (Sixth Amendment) Rules 2018 from date of their publication in Official Gazette; Inter alia allows common enrolment for transporters for purpose of e-Way Bill by amending Rule

CA Amresh Vashisht

Notification No.49/2018-Customs

Notification No.49/2018-Customs GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No.49/2018-Customs New Delhi, the 20th June 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (1) of section 25 of the Customs Act, 1962 (52 of 1962) and sub-section (12) of

Circular No. 49/23/2018-GST

Circular No. 49/23/2018-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 21st June 2018 To, The Principal Chief Commissioners / Chief Commissioners / Principal Commissioners / Commissioners of

Jun 21, 2018