Notification No. 10/2019-Central Tax Government of India Ministry of Finance (Department of Revenue) Notification No. 10/2019-Central Tax New Delhi, the 7th March 2019 G.S.R (E).- In exercise of the powers conferred by sub-section (2) of section 23 of the Central Goods and Services Tax Act, 2017
New Composition levy of GST: New composition levy of GST is introduced by CBIC via notification No. 2/2019 CTR dated 7th March 2019. This Composition levy is for goods and service providers. Its important to remember that normal composition levy is not for service providers.
GST will not be levied on TCS: CBIC clarification: GST will not be levied on TCS.Corrigendum to Circular No. 76/50/2018-GST dated 31st December, 2018 issued vide F.No. CBEC- 20/16/04/2018-GST- Reg. The corrigendum edited its entry no.5 which covered the valuation for GST. This entry earlier
Hon’ble Supreme Court Ruling on Section 68 (Cash Credits) Summary of Hon’ble Supreme Court ruling on Section 68 of Income Tax, 1961 Recently two judges’ bench of Hon’ble Supreme Court in the case of NRA Iron & Steel Pvt. Ltd. vs. Principal Commissioner of Income
Circular on Discounts & promotion schemes in GST CBIC via their Circular No. 92/11/2019-GST Dated 7 th March, 2019 clarified the issues related to Discounts & promotion schemes. Industry was in dilemma in relation to taxability of various promotion schemes. In our first Journal we also
The Assessee is under a legal obligation to prove the receipt of share capital/premium Latest Supreme Court Decision: Additions u/s 68 of INR 17.60 Crores made by the AO on account of Bogus Share Capital and Share Premium restored by the Hon`ble Supreme Court on
GST on slump sale in the light of amendment in definition of Supply Coverage of transfer of business in the definition of supply: It is interesting to see that definition of supply is changed retrospectively. The definition earlier cover the schedule II in include
Original copy of GST AAR of Storm Communications Private Limited In the GST AAR of Storm Communications Private Limited, the applicant has raised the question regarding the utilization of the ITC of the other state. Following is the GST AAR of Storm Communications Private Limited:
Original copy of GST AAR of EX-SERVICEMEN RESETTLEMENT SOCIETY In the GST AAR of EX-SERVICEMEN RESETTLEMENT SOCIETY, the applicant has raised the query regarding the applicability of exemption from GST as per the Notification No. 12/2017-CT. Following is the GST AAR of EX-SERVICEMEN RESETTLEMENT SOCIETY: Order:
Original copy of GST AAR of NIS Management Ltd In the GST AAR of NIS Management Ltd, the applicant has raised the question regarding the exemption of the swiping services to the board in terms of Notification No 12/2017-CT (Rate) dated 28.06.2017. Order: 1. The Applicant, stated
