GST

Unless notified a decision of GST Council is not effective-GST FAQ Tweet

GST FAQ Tweet- Unless notified, a decision of the GST Council is not effective. Composition dealers can not file GSTR -4 taking 1% rate till Official Notification is out

Question: Whether RCM is applicable for the professional services rendered by director of a company to the same company?

Answer: yes, Please refer to Notification No. 13/2017-CT(Rate) dat 28.06.2017

Question: As per the decision taken in 23^rd GST Council meeting, GST rate for composition dealers (manufacturers and traders) has been made as 1%.Official Notification has still not been released by CBEC. Whether one can file GSTR-4 by taking 1% rate or does one need to wait for Notification?

Answer: Unless notified, a decision of the Council is not effective.

Question: Can we file two refund claim of accumulated ITC applications separately? One for goods and other for services exported under LUT in the same tax period.

Answer: Yes

Question: I opted out of Composition Scheme in November, 2017. Which return I need to file for October month?

Answer: For October, GSTR-4 has to be filed while for November onwards, FORM GSTR-3B needs to be filed.

Non issue of notice u/s 143(2) for even belated ITR filed u/s 148 makes assessment void ab initio

Non issuance of notice u/s 143(2) for return filed u/s 148 even though belatedly, makes the assessment framed bad in…

5 days ago

Insurance

Calculation of functional disability depends on victim’s earning capacity in open market – SC

Calculation of functional disability depends on assessing the victim’s earning capacity in the open, competitive market – Supreme Court In…

6 days ago

Income Tax

Appeal against ITAT shall lie only before High Court within whose jurisdiction AO is situated

Appeal against every decision of ITAT shall lie only before the High Court within whose jurisdiction the Assessing Officer who…

1 week ago

Excise/Custom

SC recommends action against Customs Officer who relied upon AI generated fake case laws

Supreme Court recommends action against Commissioner of Customs who relied upon non-existent AI generated case laws. Supreme Court recommends action…

1 week ago

Income Tax

Non- payment of cost imposed can’t trigger automatic confirmation of an invalid exparte assessment.

ITAT power to pass such orders "as it thinks fit" implies a judicial discretion to be exercised within the parameters…

1 week ago

Income Tax

Non-deduction of TDS does not make transaction as unexplained in the hands of deductee – ITAT

Mere non-deduction of TDS by the deductor on a transaction does not change the character of the transaction to make…

2 weeks ago

Unless notified a decision of GST Council is not effective-GST FAQ Tweet

Question: Whether RCM is applicable for the professional services rendered by director of a company to the same company?

Question: As per the decision taken in 23rd GST Council meeting, GST rate for composition dealers (manufacturers and traders) has been made as 1%.Official Notification has still not been released by CBEC. Whether one can file GSTR-4 by taking 1% rate or does one need to wait for Notification?

Question: Can we file two refund claim of accumulated ITC applications separately? One for goods and other for services exported under LUT in the same tax period.

Question: I opted out of Composition Scheme in November, 2017. Which return I need to file for October month?

Recent Posts

Non issue of notice u/s 143(2) for even belated ITR filed u/s 148 makes assessment void ab initio

Calculation of functional disability depends on victim’s earning capacity in open market – SC

Appeal against ITAT shall lie only before High Court within whose jurisdiction AO is situated

SC recommends action against Customs Officer who relied upon AI generated fake case laws

Non- payment of cost imposed can’t trigger automatic confirmation of an invalid exparte assessment.

Non-deduction of TDS does not make transaction as unexplained in the hands of deductee – ITAT

Question: As per the decision taken in 23^rd GST Council meeting, GST rate for composition dealers (manufacturers and traders) has been made as 1%.Official Notification has still not been released by CBEC. Whether one can file GSTR-4 by taking 1% rate or does one need to wait for Notification?