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GST ComplianceLate fees of August and September waived off by Govt
Late fees of August and September is waived off by govt In his tweet finance minister Arun jaitely announced that the late fees of August and September will be waived off by the government. Although no formal notification is released to support the tweet. Hopefully
CA Shafaly GirdharwalVAT in the UAE: Who will feel the pinch
VAT in the UAE: Who will feel the pinch With the implementation of Value Added Tax (VAT) from 1st January 2018 in the UAE @ 5%, there is growing apprehension in the market for businesses and consumers that how the new regime will impact them. VAT
CA Manoj AgarwalAvailability of ITC of expenses in respect of Motor vehicle
Section 17 of the Central Goods and Service Tax (CGST) Act deals with Apportionment of credit and blocked credits, wherein Clause (5) of the said Section provides for restriction of credit. It is pertinent to note that section 17(5) of the Act start with ‘Notwithstanding
ITC on Motor Vehicle in GST
ITC on Motor Vehicle in GST Under Section 17 (5) of CGST Act ITC on motor vehicle is not allowable. A point was being agitated in the mind of learned professionals as to whether ITC on repair and maintenance would be allowable or not. The
Free e-book on proposed changes by GST Council
Free on proposed changes by GST Council Meeting dated 6th October, 2017 1. No RCM on purchase from unregistered supplier:- It is proposed that liability to pay tax under reverse charge on supplies made by unregistered to registered person shall be suspended till 31st March
CA Shafaly GirdharwalRelief Package for Exporters by GST council
Relief Package for Exporters by GST council The GST Council under Chairmanship of Union Finance Minister Shri Arun Jaitley has in its 22nd Meeting held at Delhi today approved a major relief package for exporters. Mindful of the difficulties faced by exporters post-GST leading
CA Shafaly GirdharwalSimplified Version of Executive Regulations on Federal Tax Procedures of UAE
Write up on Executive Regulations of Federal Law No: (7) of 2017 on Tax Procedures of UAE AFA (UK), MIPA (Australia), AAIA (UK), AFTA (UK) The UAE Cabinet has approved the Executive Regulations of Federal Law No 7 of 2017 on Tax Procedures (FTP) vide Cabinet
CA Manoj AgarwalSimplified Version of Executive Regulations on Federal Tax Procedures of UAE
Write up on Executive Regulations of Federal Law No: (7) of 2017 on Tax Procedures of UAE AFA (UK), MIPA (Australia), AAIA (UK), AFTA (UK) The UAE Cabinet has approved the Executive Regulations of Federal Law No 7 of 2017 on Tax Procedures (FTP) vide Cabinet
CA Manoj AgarwalGST will help in curbing tax evasion
How GST will help in curbing tax evasion GST is a revolutionary tax reform and will bring much of the informal sector into the formal sector, as honest people will have nothing to fear from the new tax regime, but “the dishonest will be made to pay”.
Avik MittalTaxability of Advances Received Under GST
Time of Supply is the key factor that determines the taxability of advances. 1. Whether the supplier of goods is liable to pay GST on receipt of advances? a) Time of supply is the key factor for determining the due date for payment
Master circular for Export without Bond
Master circular for Export without Bond Circular No. 8/8/2017-GST Subject: Clarification on issues related to furnishing of Bond/Letter of Undertaking for exports In view of the difficulties being faced by the exporters in submission of bonds/Letter of Undertaking (LUT for short) for exporting goods or
CA Shafaly GirdharwalHSN code for Methi patta (Dry) and Dhania patta
HSN code for Methi patta (Dry) and Dhania patta (Dry) Methi patta (Dry) that is fenugreek leaves and Dhania patta (Dry) i.e. Dry coriander leaves are spices falling under HS code 0910 and attract 5% GST.
CA Shafaly Girdharwal