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Archive: 13 September 2017

Posts in 13 September 2017

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6501 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Open Letter on issues in Supplies to SEZ Units / Developers with Suggestions

September 13, 2017 30969 Views 19 comments Print

Issue – 1 : All Suppliers to SEZ Units / SEZ Developers Need to Compulsorily Register under GST- Supplies to SEZ Units / SEZ Developers is treated as Inter-State Transaction as per provisions of Sec 7(5) of IGST Act, 2017. Therefore all such suppliers are Compulsorily Registration under GST irrespective of their Turnover as per Sec 24 of CGST Act.

CBDT asked to consider inclusion of Service Charge while assessing tax

September 13, 2017 810 Views 0 comment Print

Shri Ram Vilas Paswan, Union Minister for Consumer Affairs, Food & Public Distribution told that in order to check the levying of Service Charge compulsorily, CBDT has been asked to consider inclusion of Service Charge while assessing tax.

How to avoid JSON error while using offline GST tool

September 13, 2017 10785 Views 0 comment Print

Checklist to avoid JSON error while using offline GST tool 1. GSTIN should be valid and 15 alphanumeric characters. 2. Invoice lencth should not be more than 16 characters and only characters allowed are numeric, Alphabets , / and ‑ 3. In b2cl, invoice value should be more than 250000. 4. Invoice Date, Note date, […]

GST Transitional Provisions

September 13, 2017 12459 Views 2 comments Print

GST TRAN 1 is a declaration to be filed electronically, to claim various transitional credits admissible. The same is to be filed on or before 28.09.2017. On the recommendations of the GST Council, the time can be extended by another ninety days. There are no provisions enabling filing of revised GST TRAN 1.

Demonetisation helped in reducing volume of cash transactions: FM

September 13, 2017 561 Views 0 comment Print

Aadhar Legislation will stand the test of constitutionality; Demonetisation helped in reducing the volume of cash transactions and increase in digital payments, widening of the tax base and more formalization of the economy among others; No reverse in financial inclusion process possible for policy makers.

Digital inclusion is the foundation of financial inclusion

September 13, 2017 609 Views 0 comment Print

Digital inclusion is the foundation of financial inclusion. We have certain fundamental approach for commitment as far as digital platform is concerned. The first and foremost is, we want to become the leaders in the field digital revolution in the world. Second important attribute of our initiative is, we simply don’t want to digitize India, but we want to create a technology that is transformative, which will empower India, and also empowers Indians

Service Tax not payable on Financial Advisory Services provided by CRISIL prior to 16.08.2002

September 13, 2017 1209 Views 0 comment Print

Advisory services provided by CRISIL does not fall under category of Management Consultancy Services and is correctly classified under the Banking and other Financial Services.

Job Work And Composite Supply Under GST

September 13, 2017 7464 Views 2 comments Print

The works contract issue had been a never ending story right from the 46th amendment of Constitution of India in 1984 and it was settled only in 2002 by the Supreme Court in ACC Ltd case in 124 STC 59. But even after that celebrated decision, still thousands of works contract cases are pending in various High Courts.

Cancellation of Assess Trust justified for accepting donation and giving back the same in cash

September 13, 2017 2211 Views 0 comment Print

These are appeals by the assessee against two orders both dated 25-2-2016 of C.I.T. (Exemptions), Kolkata (i) passed under section 12AA(3) of the Income Tax Act, 1961 withdrawing/cancelling the registration with effect from 1-4-2012

Summary of Dubai (UAE) VAT (GST) Law to be implemented w.e.f 01.01.2018

September 13, 2017 19326 Views 1 comment Print

State: United Arab Emirates, Value Added Tax: A tax imposed on the import and supply of Goods and services at each stage of production and distribution, including the Deemed Supply., GCC States: all countries that are full members of The Cooperation Council for the Arab States of the Gulf pursuant to its Charter.

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