Category: GST
Correct valuation methodology for ascertainment of GST on TCS under the provisions of the Income Tax Act, 1961 The CBIC has issued Circular No. 76/50/2018-GST clarifying certain issues related to GST. The following clarification has been given on the subject: Question: What is the correct valuation methodology for ascertainment of …
GST TDS provisions applicable only to such authority, board etc. in which 51% or or more equity or control is with Government The CBIC has issued Circular No. 76/50/2018-GST clarifying certain issues related to GST. The following clarification has been given on the subject: Applicability of the provisions of section 51 …
GST rate on debit /Credit note-whether as per pre-GST regime or at the rate applicable under GST – Clarification The CBIC has issued Circular No. 76/50/2018-GST clarifying certain issues related to GST. The following clarification has been given on the subject: Question: In case a debit note is to be …
No Penalty u/s 73 (11) where return FORM GSTR-3B has been filed late after the due date of filing such return – CBIC As per section 73(11) of the CGST Act, a penalty is payable where any amount of self-assessed tax or any amount collected as tax has not …
GST on the supply of used vehicles, seized and confiscated goods, old and used goods, waste and scrap by Govt. Departments The CBIC has issued Circular No. 76/50/2018-GST clarifying certain issues related to GST. The following clarification has been given on the subject: Question: Whether the supply of used …
CA certificate must for tax reimbursement claim under Seva Bhoj Yojna-Guidelines for processing applications Circular No. 75/49/2018-GST F. No. CBEC-20/16/05/2018 – GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing**** New Delhi, Dated the 27th December, 2018 To,The Principal Chief Commissioners / …
High Court stayed confiscation of goods made simply on confidential information received from higher authorities to stop the vehicle, without satisfying conditions of section 130 of the CGST Act ABCAUS Case Law Citation:ABCAUS 2682 (2018) (12) HC The petitioner had preferred the instant petition before the Hon’ble High …
Decisions taken by the GST Council in the 31st meeting held regarding GST rate on services GST Council in the 31st meeting held on 22nd December, 2018 at New Delhi took following decisions relating to changes in GST rates, ITC eligibility criteria, exemptions and clarifications on connected issues.The decisions of …
Formation of GoM as Recommended by the GST Council in its 31st Meeting held on 22.12.2018. The GST Council in its 31st meeting held today at New Delhi has approved the proposal to form a 7 Member Group of Ministers to study the revenue trend, including analysing the reasons …
GST Council has certain important issues to various Committees / GoM The GST Council in its 31st meeting held today at New Delhi decided to refer the following issues to Committees / GoM indicated against them: (i) Extending the Composition scheme to small service providers. The rate of tax …
