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FORM GST TRAN 2: Be careful of these things
Why a taxpayer is required to file FORM GST TRAN 2: Proviso to Section 140(3) of CGST Act provided for the benefit of input tax on stock for dealers not registered in Excise.The similar provision in State GST Act provided for the benefit in case
CA Shafaly GirdharwalGST on Underwriting
GST on Underwriting Facts First party is a builder Second party enter into an underwriting arrangement to sell builder’s property before construction completion (Before local government agency issues occupancy or completion certificate to builder) Second party gives a security deposit to first party amounting to
Online request for correction on EPF member portal
Online request for correction on EPF member portal If there is any changes or error while filing your membership at the EPF member portal. And you want to change the information in EPF member portal. Following are the steps involved to change Name, Date of
GST ComplianceImportant issues in GST refund resolved
Important issues in GST refund resolved In a recent circular cbec has clarified on various important matters related to refund in GST. We all know that exporters are stuck with their money in government’s account. There is a lot of dust on various issues. In
CA Shafaly GirdharwalHow to change status from/to SEZ in GST registration
How to change status from/to SEZ Many taxpayers get registered as an SEZ mistakenly and now want to shift to normal.On the other side many taxpayers registered as a normal taxpayer. Both of them face the consequences because in first case their supply will become
Guidance note on CGST Transitional credit
Guidance note on CGST Transitional credit Introduction: Provision for transition of pre-GST era credit of Central Excise and Service Tax are contained in section 140 of the Central Goods and Services Act, 2017 (hereinafter referred to as the “CGST Act”). It may be noted that
Five sets of data for transitional credit in GST
Five sets of data for transitional credit in GST 1. Data 1: This annexure contains the TRAN-1 data (GSTIN wise) in respect of top 50,000 taxpayers in the order of TRAN Credit availed and as populated in individual tables of form TRAN-1. It also contains
Removal of Directors Disqualification scheme
Removal of Directors Disqualification scheme Procedures for Removal of Directors Disqualification *(A) Defaulting Company is Active and Directors are disqualified *(B) Defaulting Company is struck off and Directors are disqualified Key Notes:- DIN of directors associated with the defaulting companies: That have not filled there
Circular No. 37/11/2018-GST
Circular No. 37/11/2018-GST Board vide Circular No. 17/17/2017 – GST dated 15th November 2017 and Circular No. 24/24/2017 – GST dated 21st December 2017 clarified various issues in relation to processing of claims for refund. Since then, several representations have been received seeking further clarifications
Circular No. 35/9/2018-GST
Circular No. 35/9/2018-GST In the Service Tax regime, CBEC vide Circular No. 179/5/2014 – ST issued from F.No. 179/5/2014-ST dated 24 September 2014 had clarified that if cash calls are merely transaction in money, then they are excluded from the definition of service provided in
Circular No. 36/10/2018-GST
Circular No. 36/10/2018-GST The GST Council, in its 23rd meeting held at Guwahati on 10th November 2017. It has decided that the entities having Unique Identity Number (UIN) may be given centralised registration, at the option of such entities. Further, it was also decided that
Difference between Trust, Society & section 8 Company
Difference between Trust, Society & section 8 Company Trust, Society and section 8 Company are all different from one another. But people still may get confused on the basis of the difference and the reason of difference. Lets find out the difference between trust, society