TDS provisions: Section 194N (new section): TDS on Cash Withdrawal exceeding Rs 1 crore from banks or cooperative bank or post office (Applicable w.e.f. 01/09/2019) With a view to encourage the cashless economy, it is proposed to insert a
Form GST CMP –08- Statement for payment of self-assessed tax for Composition Taxpayers Vide notification no. 20/2019 – Central Tax dated 23rd April 2019, the Central Goods and Service Tax (Third Amendment) Rules, 2019 were introduced. With the said introduction, the return filing requirement of the Composition Scheme dealers was modified.
ITC of 2017-18: Can we claim it till filing of annual return? The first year of GST. Can we claim the missed ITC? Last date to claim ITC for FY 2017-18. CBIC also clarified via press release that time limit in 16(4) is provided. Due
The new GST return will be applicable soon on the on the GST Portal. So, we have brought you the PPT regarding the First glimpse of new GST return. Following is the First glimpse of new GST return: Major Changes: Transitional Plan: Transitional Plan [@Large Tax Payer]
Amendment in interest provisions: Section 50(1) of CGST Act is proposed to be amended. Finance bill 2019 has proposed a change. It contains the provisions related to interest in GST. After the Telangana High court case of Megha Enterprises bulk notices is issued. Huge demand
Finance bill 2019 introduced new changes in CGST Act: Clauses 91 to 112 of finance bill 2019 introduced changes in CGST Act. These changes are important. Following is a brief table of all changes. Sl.No Clause Amendment Impact 1 Clause No.91 Section 2 Adjudicating
Introduction: Clarification related to ITes services in GST Clarification related to ITes services in GSTCBIC clarified the issues related to ITes services in GST. Circular No. 107/26/2019-GST New Delhi, Dated the 18th July, 2019. Subject: Clarification on doubts related to supply of Information Technology enabled Services
Table of Contents Introduction:Changes via CGST (fifth amendment) RulesRule 12 of CGST rules:Changes in Rule 46:Changes in Rule 54:Insertion of rule 83B for GST practitioner:Rule 137:Rule 138E:FORM GST PCT –06: Application of Cancellation of Enrolment as GST PractitionerForm GST PCT-07: Order of Cancellation of Enrolment
Finally the due date of CMP 08 is extended by CBIC. Notification no. 34/2019 – Central Tax issued on 18th July 2019 extended the date for filing of CMP 08. Taxpayers was in amess as the form was not live on the portal. Earlier the
In GST AAR on M/s Chowgule & Co Pvt. Ltd.,the applicant has the query regarding applicability of IGST on import of iron ore. Following is GST AAR of M/s Chowgule & Co Pvt. Ltd. Order of GST AAR on M/s Chowgule & Co Pvt. Ltd.
