Following criteria are laid down to curb the misuse of the facility of auto downloading of Statutory Forms provided at the dealer’s end in the online module. The system/EDP branch will put a block on this facility and the Assessing Authority/Ward Incharge may take appropriate action on such blocked forms after verifying the due purchases viz a viz the sales and other relevant documents.
The division bench of the Delhi High Court dismissed a petition filed against ICAI seeking expedite hearing on a complaint relating to Professional Misconduct. The petitioners, Wholesale Trading Services P Ltd, approached the High Court seeking a direction to the Institute of Chartered Accountants of India (ICAI) to complete the inquiry on the complaint made by the petitioner of professional misconduct within a maximum period of four weeks.
The transfers and postings of the following Additional/Joint Commissioners of Income-tax and assignment of additional charges are hereby ordered with immediate effect and till further orders:-
Seven points, why Input Tax credit availed in one state cannot be utilized for payment of CGST/SGST/IGST liability of other state of the registered person under same PAN. The different view has comes and also there is huge confusion about the utilization of Input tax credit, outside the state. The act has not clearly provide about that whether credit availed in one state can be utilized against the liability in other state of the registered person under same PAN.
Articles Updates on changes in GST, Excise, Service Tax, Customs & VAT for the Month of May 2017 and is updated upto 4th June 2017.
Government has started an initiative of replying queries on GST at its officials Twitter handle @askGST_GoI from 28.05.2017. In this Article we have compiled such Question and answers on GST from 28.05.2017 to 05.06.2017. We do not verify the correctness of such Answers.
1. Interest for not making Payment to Supplier The recipient of supplies, needs to make payment for supply along with GST before 180 days from the date of Invoice, other-wise, the GST (of which he had availed credit) shall be added in the output tax liability of the recipient. Not only the output tax liability, […]
For any right to be in the nature of business or commercial right as laid down in section 32(1)(ii) of the Act, two criteria should be met. First that it should be right in rem and the second it should be alienable or transferable.
There are various cases under GST where input tax credit can be availed, few among them are treated as special cases where input tax credit can be availed under GST.
As per the Model GST Law, GST will subsume Countervailing Duty (CVD) and Special Additional Duty (SAD), however, Basic Customs Duty will continue to do its round in the import bills. BCD has been kept outside the purview of GST and will be charged as per the current law only.
