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Company can claim ITC on maintenance of Guest House, Transit House and Training Hostels. By AAR

GST
October 22, 2018 2464 0

The Authority for Advance Ruling ( AAR ), Odisha has granted a ruling on entitlement to take credit of tax paid on various goods and services used for maintenance of township, guest house, hospital, horticulture maintained by a Co...


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Government amends Rule 96(10) of CGST Rules

GST
October 22, 2018 4698 0

Rule 96 (10) of the CGST Rules has been amended vide Notification 53/ 2018 – Central Tax dated October 9, 2018.  To recap, Notification No. 3/2018-Central Tax dated 23.01.2018 amended Rule 96 and inserted sub-rule (10) to state th...


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Internal Auditor cannot undertake GST Audit of same entity: ICAI

GST
October 16, 2018 508 0

Internal Auditor not to undertake Goods and Service Tax (GST) Audit simultaneously We have received enquiries from the members at large and other stakeholders as to whether an internal auditor of an entity can also undertake GST A...


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Guidelines for Deductions and Deposits of TDS by the DDO under GST

GST
September 25, 2018 654 0

 Yogesh tiwaritcs/CBECCircular No. 65/39/2018-DORF.No.S.31011/11/2018-ST-I-DoRGovernment of IndiaMinistry of FinanceDepartment of Revenue***New Delhi, Dated the 14th September, 2018To,1. Secretaries of the Central Ministries ...


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Government extends exemption from IGST and Compensation Cess to STPI/ EOU's till March 2019

GST
September 25, 2018 1415 0

The much awaited notification on STPI / EOU exemption from IGST on import of goods is released extending the benefit of exemption from Integrated Tax and Compensation Cess up to 31.03.2019 on goods imported by STPI/ EOU.   You wou...


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Modification of the procedure for interception of conveyances for inspection

GST
September 18, 2018 517 0

 Circular No. 64/38/2018-GST CBEC/20/16/03/2017-GSTGovernment of India Ministry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing  New Delhi, Dated the 14th September, 2018To,The Princi...


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Government Extends Due Date To File GST Return Using Form GSTR-1

GST
September 18, 2018 493 0

 The government on Monday extended the due date for furnishing form GSTR-1 (Goods and Services Tax Return) for the period from July 2017 to September 2018 till October 31, 2018. It has been observed that the number of taxpaye...


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Suppliers liable to pay penalty for not passing GST rate cut benefits By National Anti-Profiteering Authority

GST
September 14, 2018 536 0

As per Section 122 supplier of any goods or services without issue of invoice or incorrect / false invoice is liable to pay a penalty of Rs 10,000 or an amount equivalent to the tax evaded or the tax not reduced under section 31 o...


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Recent notifications on TDS and TCS provisions under GST

GST
September 14, 2018 493 0

  51/2018-Central Tax ,dt. 13-09-2018Seeks to bring section 52 of the CGST Act (provisions related to TCS) into force w.e.f 01.10.201850/2018-Central Tax ,dt. 13-09-2018Seeks to bring section 51 of the CGST Act (provisions related...


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GST refunds - Government addresses significant concerns

GST
September 6, 2018 448 0

Glad to share that the much needed definition of ‘adjusted total turnover’ relevant for determination of refund eligible has been amended vide Notification No. 39/2018. Basis the concerns raised by many members NASSCOM has been re...


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