New Delhi, 10 July 2017: Notwithstanding some teething troubles, the GST is saving trucking time on trunk routes, connecting top cities, between 24-36 hours besides saving the fleet owners Rs 5,000 -7,500 per trip by way of corruption at the octroi and sales tax/VAT check posts which have since been dismantled by most of the states
GST has come into force with effect from 1st July, 2017. Everybody is busy in interpretation of law as well as application of law to its business models. During interpretation of law sometimes we come across controversies in legal provisions. Language of law must be clear and not ambiguous. Ambiguity in law creates scope for misinterpretation because intention of law makers cannot be understand correctly.
Where assessee, under a bona fide belief that UID kit being a part of computer claimed depreciation at 60%. Tribunal held that disallowance of claim would not result in levy of penalty under section 271(1)(c).
As per Rule 7 of CGST Rules, 2017 read with Section 10(1) of the CGST Act, 2017, rates fixed for composition levy (to be paid as CGST) for different classes of persons taxable person registered in composition levy scheme are as follows:
The Directorate of International Customs will be headed by a Principal Commissioner. The mandate of the Directorate of International Customs is to assist CBEC in the following areas of work:
In this document, the provisions of CGST Act, 2017 have been mentioned with reference to Central taxes namely, Central Excise duty or Service tax. However, for each of the situations discussed in this document, corresponding provision of SGST/UTGST Act, 2017 should also be seen with reference to State Taxes such as VAT, Purchase tax and […]
It is being clarified and assured that there is no hold up of import and export consignments, wherever GSTIN is legally not required. Importers, Exporters and Customs Brokers are requested to quote authorized PAN in the bills of entry or shipping bills for such clearance
There is lot of confusion on rate of GST Applicable to Restaurants under Composition Scheme, Restaurant with no air-conditioning in any part thereof and not serving liquor, Restaurant with partial or full air-conditioning or serving liquor, Rate of tax on food parcel cooked as per order, Rate of tax on parcel of pre- packed and […]
Charter of Functions of Center for Business Intelligence and Analytics (CBIA): This Unit shall be responsible for identification of different information requirements of CBEC. It will utilize data feeds from internal sources including historical data, offence data, business data, etc.
1 Introduction The World Wide Web (WWW) is increasingly being used for communication between applications. The programme interfaces is available over the Web for application-to application communication named as Web services. There are various types of applications that can be considered Web services, however, interoperability between the applications is enhanced using the technologies such as […]
