Recent Changes in GST The GST regime changing so fast, that to keep up with every update is being impossible for everyone. We have compiled and represented the Recent Changes in GST. Following are the recent changes: IGST (Amendment) Act 2018 -No. 32 of 2018,
GSTR-9 Annual Return FAQs by Ketan R. Thaker and Hardik K. Thaker We have compiled the GSTR-9 Annual Return FAQs to answer all the questions asked by the taxpayers under the GST Regime. The GSTR-9 (Annual Return) is live on the portal from few days. So,
Composition Scheme for Real-estate: War in London, Weapons to China What will be the consequences if the patient is suffering from stomach ache and the physicist prescribes him paracetamol? What will happen if the war is taking place in London and the consignment of weapons
Notification No. 11/2019 – Central Tax Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Notification No. 11/2019 – Central Tax New Delhi, the 7th March 2019 G.S.R……(E).— In exercise of the powers conferred by section 148 of
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
