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GST Portal Scheduled for Recovery Drill
GST Portal Scheduled for Recovery Drill GSTN has tweeted a image in which they confirm the schedule for a recovery drill. So please be careful and adjust the timing for filing the returns. On 2nd June 2018 the GST Portal Scheduled for Recovery Drill and
Notification No. 12/2018-Integrated Tax (Rate)
Notification No. 12/2018-Integrated Tax (Rate) GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Notification No. 12/2018-Integrated Tax (Rate) New Delhi, the May 28th 2018 G.S.R. (E).- In exercise of the powers conferred by sub-section (3) of section 5 of the Integrated Goods and Services
Passion for Profession
Passion for Profession Oil Ministry Gives In-Principle Nod to Launch Petrol, Diesel Futures: Indian Commodity Exchange Ltd (ICEX) Binani Cement Lenders Vote in Favour of Ultratech Offer of Rs 7,950 Crore. GSTN will not be available on 2nd June 2018 as a Major Disaster Recovery
Advisory in relation to E-way Bill in case of Job Work transactions
Advisory in relation to E-way Bill in case of Job Work transactions Sending material on Job Work to the Job Worker is a regular transaction in most of the Industries. Here is a very brief advisory on this issue:- 1. In every case where material
Transfer of “Going Concern” is Supply of service: AAR
Transfer of “Going Concern” is Supply of service: AAR The Authority of Advance Ruling of karnataka has given the ruling on 24 April 2018 about the “Going Concern”. AAR has ruled over the application that the transfer of “Going Concern” is Supply of service. M/s.
Applicability of IGST on goods supplied from customs bonded warehouse
Applicability of IGST on goods supplied from customs bonded warehouse It is clarified that integrated tax shall be levied and collected at the time of final clearance of the warehoused goods for home consumption i.e., at the time of filing the ex-bond bill of entry
Signing of GST bill by authorized signatory not mandatory
The signing of GST bill by authorized signatory not mandatory Section 31 of CGST Act, 2017 provides the various scenarios in which tax invoices can be issued. Further, Rule 1 of Invoices Rules, 2017 provides that tax invoice should be signed manually or digitally by the supplier
SAC Code & GST Rate for Accounting and Professional Services
SAC Code & GST Rate for Accounting and Professional Services GST Council determines the GST rate for all services in India. GST rate for services fall under 0% or 5% or 12% or 18% or 28% slab. GST rate is fixed based on SAC code
Circular No. 3/1/2018-IGST
Circular No. 3/1/2018-IGST 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 25th May, 2018 To, The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioners of Central
New Business codes under Income Tax
New Business codes under the Income Tax The income tax department of India has issued the new business codes under the Income-tax to be used for filing the returns. These codes are issued with the instruction available for filing the ITR-4 SUGAM. The codes have
All You Want to Know About E-way bill
All You Want to Know About E-way bill – A Complete Practical Guide This PPT Covers All Aspects Regarding E-Way Bill, includes i. Understanding New E-Way Bill System Why, Who, When & How to Generate E-Way Bill Forms & Documents under E-way bill. Exempted for
S N PanigrahiManual Appeal by legal Heir was Dismissed
Manual Appeal by legal Heir was Dismissed The assessee has deceased on 25.10.2011, so his son (legal heir) has filed the appeal. But the appeal was rejected/dismissed by the Appellate authority(Appeal) in the first hearing to the case. The Appellate authority(Appeal) has guided the legal heir