Daily Archive: Wednesday, August 23, 2017

Commissioner ordered to pay VAT Special Audit Fee to CA Firm where assessee defaulted

Author: | Categories: High Courts, Judgments, VAT No comments
Commissioner ordered to pay VAT Special Audit Fee to CA Firm when assessee defaulted despite there was no provision for direct payment at the relevant time ABCAUS Case Law Citation: ABCAUS 2040 (2017) (08) HC The Grievance: In the instant case, six writ petitions had been filed by a

 

GST on Selling of space for advertisement in print media when agency works as principal or as an agent

Author: | Categories: GST No comments
GST on Selling of space for advertisement in print media-Clarification. 5% GST rate If agency works on principal to principal basis and 18% if works as an agent.  Press Information Bureau  Government of India Ministry of Finance 23-August-2017 16:58 IST GST on Selling of space for advertisement in print

 

National Anti-Profiteering Authority in GST to protect consumer from arbitrary price rise

Author: | Categories: GST No comments
National Anti-Profiteering Authority in GST. The Authority is constituted to ensure that consumer is protected from arbitrary price increase in the name of GST National Anti-Profiteering Authority in GST  Introduction: Any reduction in rate of tax on any supply of goods or services or the benefit of input tax

 

Input Service Distributor in GST- Mechanism meant for distributing credit on common invoices

Author: | Categories: GST No comments
Input Service Distributor in GST- ISD mechanism is meant for distributing the credit on common invoices pertaining to input services  Input Service Distributor in GST Introduction Input Service Distributor (ISD) means an office of the supplier of goods or services or both which receives tax invoices towards receipt of

 

Casual taxable person in GST-Registration Returns and Refund explained by CBEC

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Casual taxable person in GST-Registration Returns and Refund Casual taxable person in GST-Registration Returns and Refund explained by CBEC  Introduction “Casual taxable person” means a person who occasionally undertakes transactions involving supply of goods or services or both in the course or furtherance of business, whether as principal, agent

 

Competition Commission of India Lesser Penalty Amendment Regulations 2017. 100% reduction in penalty for disclosure of a cartel

Competition Commission of India Lesser Penalty Amendment Regulations 2017. 100% reduction in penalty for disclosure of a cartel by an enterprise. THE COMPETITION COMMISSION OF INDIA NOTIFICATION The Competition Commission of India (Lesser Penalty) Amendment Regulations, 2017 (No. 1 of 2017) New Delhi, the 8th August, 2017. No. L-3(4)/Reg-L.P./2017-18/CCI.—In

 

GST Exemption to service provided by Fair Price Shops to Government under PDS

Author: | Categories: GST No comments
GST Exemption to service provided by Fair Price Shops to Government under Public Distribution System (PDS) against consideration of commission or margin NOTIFICATION No. 21/2017-Central Tax (Rate) New Delhi, the 22nd August, 2017 G.S.R. 1046(E).—In exercise of the powers conferred by sub-section (1) of section 11 of the Central Goods