Month: October 2017
POEM Clarification for multinational companies with regional headquarter structure with employees having multi-country responsibility Circular No 25 of 2017 F No 142/ 11/2015-TPL (Part-1) Government of India Ministry of Finance Department of Revenue Central Board of Direct Taxes ****** New Delhi, 23rd October, 2017 Subject : Clarification related …
GST applicability on printing contracts. Supply of books, pamphlets, brochures, envelopes, leaflets, cartons, boxes etc. printed with logo, design etc. Circular No. 11/11/2017-GST F. No. 354/263/2017-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit **** North Block, New Delhi 20th October 2017 To, The …
GST rate exemption on intra-State supply of goods by a registered supplier to a registered recipient for export. Rate reduced to 0.50% MINISTRY OF FINANCE (Department of Revenue) Notification No. 40/2017-Central Tax (Rate) New Delhi, the 23rd October, 2017 G.S.R. 1320(E).—In exercise of the powers conferred by sub-section (1) …
DG GST-I Chennai denies search of Tamil Nadu Film Producers Council Presiedent’s Premises. The press Statement says such news are false Tamilnadu has been in news over opposition to GST. Recently the Tamil Nadu unit of the Bharatiya Janata Party made a lot of hue and cry over a …
Late fee amount shown in GSTR 3B of Sep-2017 even before expiry of due date is for August, 2017. Government Clarification Late fee amount shown in GSTR 3B of Sep-2017 even before the expiry of due date Government has recently issued a clarification on the amount of late …
GST Tweet FAQ-Business assets if disposed even without consideration are liable to GST GST Tweet FAQ Question 1: I am a service provider, providing services to multiple States but amount is less than Rs. 20 lakhs, do I need to register under GST? Answer: registration for persons who …
Filing GST ITC 04 using Offline Tool. Details of inputs/capital goods sent and received back from job worker can be furnished using this excel tool which can be downloaded from GST Portal Filing GST ITC 04 using Offline Tool Details of inputs or capital goods sent and received …
Transaction entered in pursuance of MOU can not be said sham or colourable device to avoid tax when payments and MOU not disputed, Joint Venture payments not attract TDS Provisions-High Court ABCAUS Case Law Citation: ABCAUS 2103 (2017) (10) HC In the instant case, the assessee company …
Once depreciation is claimed, asset cannot move out of the Block of Assets even if no depreciation was claimed for many years thereafter – High Court affirms ITAT order ABCAUS Case Law Citation: ABCAUS 2102 (2017) (10) HC Brief Facts of the Case: The appellant assessee had sold a fixed assets earning profits thereon which was treated by it as …
Question affecting tax liability of assessee can be raised before the Tribunal first time and it is obliged to consider them and pass appropriate orders – High Court ABCAUS Case Law Citation: ABCAUS 2101 (2017) (10) HC In the instant case, the Income Tax Department (Revenue/Department ) had …
