Credit Availment & Reversals in Real estate sector – Unfulfilled promises The Credit Availment & Reversals in Real estate sector is pretty tricky under the GST. The calculation of the credit and the reversal of credit is confusing under the GST. Let us discuss the Credit Availment
PPT on Limited Liability Partnership The PPT on Limited Liability Partnership was made by CA MAYUR ZANWAR. The ppt covers almost every aspect and the information to be needed by us. Content 1. Various form of Business Organizations 2. Benefits as compared to Corporate firm 3. Benefits
Important issues related to RCM on supply of security personnel RCM on the supply of security personnel: Notification No. 29/2018- Central Tax (Rate) introduced the RCM on supply of security personnel. The notification was issued under the power given by section 9(3) of CGST Act.
GST Composition scheme for service providers: GST Composition scheme for service providers has been introduced by the GST council in it’s 32nd meeting held on 10th January 2019. The tax rate for this composition scheme will be 6%. i.e. 3% CGST and 3% SGST. It
New threshold in GST for registration In 32nd meeting of GST council some important changes are introduced. Now there will be new threshold in GST for registration. Different thresholds will be there for service providers and dealers. Threshold for registration for goods is Rs. 40
Reverse charge on security services The Reverse charge on security services is introduced via Notification No. 29/2018- Central Tax (Rate). RCM on security services is made applicable to cover the entities providing security personnel. Now the recipient needs to deduct the tax and pay to
Car is used personal effect once delivery is taken: HC In a landmark judgement Kerala high court held that car is not liable for detention once delivery is taken. In this case a car was purchased from other state. The papers were in the name
Reason shall be recorded in writing for attachment: Reason shall be recorded in writing for attachment for section 83 of CGST Act. In case of Steel Patran rolling mills Vs. Assistant commissioner HC held that: For making any attachment u/s 83 f CGST Act the
Disqualified Director? This news will brighten you up Are you impacted by the action of the Ministry of Corporate Affairs (MCA) that had published a list of almost 3 lakh disqualified directors on its official website on September 12, 2017? Here is a news that
Original Copy of GST AAR of M/s. Dyna Automation Private Limited In the GST AAR of M/s. Dyna Automation Private Limited the applicant has raised the query regarding the classification Hydraulic Gear Pump and Piston Pump. Following is the GST AAR of M/s. Dyna Automation Private Limited: Order:
