Waiver of late fee on filing of GSTR-3B for August and September, 2017 In view of the difficulties being faced during the return filing process and in order to further facilitate taxpayers, the competent authority has decided to waive the late fee on filing of
Late fees of August and September is waived off by govt In his tweet finance minister Arun jaitely announced that the late fees of August and September will be waived off by the government. Although no formal notification is released to support the tweet. Hopefully
VAT in the UAE: Who will feel the pinch With the implementation of Value Added Tax (VAT) from 1st January 2018 in the UAE @ 5%, there is growing apprehension in the market for businesses and consumers that how the new regime will impact them. VAT
Table of Contents Section 26 of CGST Act as amended by the Finance Act 2023Text On Section:Chart of the Section: Section 26 of CGST Act as amended by the Finance Act 2023 Note: Section 26 of the CGST Act is amended retrospectively by Finance Act
Section 17 of the Central Goods and Service Tax (CGST) Act deals with Apportionment of credit and blocked credits, wherein Clause (5) of the said Section provides for restriction of credit. It is pertinent to note that section 17(5) of the Act start with ‘Notwithstanding
ITC on Motor Vehicle in GST Under Section 17 (5) of CGST Act ITC on motor vehicle is not allowable. A point was being agitated in the mind of learned professionals as to whether ITC on repair and maintenance would be allowable or not. The
Table of Contents Section 22 of the CGST Act as amended by the Finance Act 2023Text On Section:Chart of Section : Section 22 of the CGST Act as amended by the Finance Act 2023 Note: Section 22 of the CGST Act is amended retrospectively by
Free on proposed changes by GST Council Meeting dated 6th October, 2017 1. No RCM on purchase from unregistered supplier:- It is proposed that liability to pay tax under reverse charge on supplies made by unregistered to registered person shall be suspended till 31st March
Relief Package for Exporters by GST council The GST Council under Chairmanship of Union Finance Minister Shri Arun Jaitley has in its 22nd Meeting held at Delhi today approved a major relief package for exporters. Mindful of the difficulties faced by exporters post-GST leading
Write up on Executive Regulations of Federal Law No: (7) of 2017 on Tax Procedures of UAE AFA (UK), MIPA (Australia), AAIA (UK), AFTA (UK) The UAE Cabinet has approved the Executive Regulations of Federal Law No 7 of 2017 on Tax Procedures (FTP) vide Cabinet
