Applicability of IGST on goods supplied from customs bonded warehouse It is clarified that integrated tax shall be levied and collected at the time of final clearance of the warehoused goods for home consumption i.e., at the time of filing the ex-bond bill of entry
The signing of GST bill by authorized signatory not mandatory Section 31 of CGST Act, 2017 provides the various scenarios in which tax invoices can be issued. Further, Rule 1 of Invoices Rules, 2017 provides that tax invoice should be signed manually or digitally by the supplier
SAC Code & GST Rate for Accounting and Professional Services GST Council determines the GST rate for all services in India. GST rate for services fall under 0% or 5% or 12% or 18% or 28% slab. GST rate is fixed based on SAC code
New Business codes under the Income Tax The income tax department of India has issued the new business codes under the Income-tax to be used for filing the returns. These codes are issued with the instruction available for filing the ITR-4 SUGAM. The codes have
Manual Appeal by legal Heir was Dismissed The assessee has deceased on 25.10.2011, so his son (legal heir) has filed the appeal. But the appeal was rejected/dismissed by the Appellate authority(Appeal) in the first hearing to the case. The Appellate authority(Appeal) has guided the legal heir
All You Want to Know About E-way bill – A Complete Practical Guide This PPT Covers All Aspects Regarding E-Way Bill, includes i. Understanding New E-Way Bill System Why, Who, When & How to Generate E-Way Bill Forms & Documents under E-way bill. Exempted for
Transportation is Composite supply: AAR The Applicant is stated to be a supplier of materials and allied services for the erection of towers, testing and commissioning of transmission lines and setting up sub-stations collectively called the Tower Package. His question is related to contracts obtained
Adhdaar and PAN mandatory for Customs Broker License The government of India has made Adhdaar and PAN mandatory for Customs Broker License with the Notification No. 41/2018-Customs (N.T.). In this notification, some basic concepts are also explained by definitions and explanations. 1. Short title, commencement, and
FAQs Regarding Practical Issues Under GST by ICMAI The Institute of Cost Accountants of India has published the FAQs Regarding Practical Issues Under GST. The Tax Research Department is the department which published the FAQs. It consists of FAQs regarding the practical p[roblems we face
First GST Supreme Court order First GST Supreme Court order has been issued 21 May 2018. In which the HIgh court of Judicature at Allahabad, Lucknow Bench has passed the order on 4 May 2018. GST: SLP dismissed against impugned order of High Court that where
