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 …

Extension of due date of UP VAT Annual Returns Form No 52 52A and 52B filing for FY 2017-18 to 31-01-2019 Read More >> Earlier, the due date of UP VAT Annual Returns Form No 52 52A and 52B filing for FY 2016-17 was extended to to 31-01-2018 …