Clause by clause analysis of GST Bills 2017 by the Institute of Cost Accountants of India (ICMAI)
The Institute of Cost Accountants of India (ICMAI) has issued a clause by clause analysis of the following Bills:
CGST Bill 2017,
UTGST Bill 2017,
IGST Bill 2017 and
Presentation on GST Bill – 2017.
These presentations can be accessed as under:
CGST: THE CENTRAL GOODS & SERVICES TAX ACT, 2017
CGST: THE CENTRAL GOODS & SERVICES TAX ACT, 2017
IGST: THE INTEGRATED GOODS & SERVICES TAX ACT, 2017
Presentation on GST Bill – 2017
Penalty levied for late supply of goods is an allowable deduction u/s 37 as late supply neither a crime nor…
Deduction u/s 80P(2)(d) towards interest received from cooperative banks is allowable to a cooperative society. In a recent judgment, Hon'ble…
Supreme Court to decide difference between employees & employer contribution to PF, ESI for allowability under Section 43B of the…
There is no legislative mandate to collect tax at source under section 206C (1C) from the person involved in illegal…
In the absence of objection by donors to receipts mentioning that donations were towards corpus, it is assumed that donations…
Credit in assessee’s capital account consequent to book entry adjustments in the books of the partnership firm can not be…