Taxpayers can file for refund of IGST / CGST / SGST / UTGST / Cess if any amount is due to them from the tax administration. Filing for refunds is a post-login functionality, which means that the Taxpayer must login to the GST Portal with their valid login credentials before filing a refund application.
Taxation of Long Term Capital Gain (LTCG) on Listed Equity Shares (considering the amendments made through Budget 2017 & proposed in Budget 2018)
A Stock market is a place where two parties (buyer and seller) involve themselves in a transaction of securities. Securities are meant by a financial instrument which is allowed to transferable by/after sale. E.g. Stocks (shares), Bonds, Debentures and any other marketable securities.
The determination of place of supply in G.S.T. is important because only after its determination it will be decided that a transaction / supply is liable to IGST or SGST/UTGST and CGST. The place of supply of service is determined u/s 12, 13 and 14 of the IGST act.
GST Audit is required under the following three circumstances : (a) Audit by Chartered Accountant or Cost Accountant – Rule 80 and Section 35(5) (b) Audit by Tax Authorities – Section 65 (c) Special Audit – Section 66
On the recommendations of the GST council, it has been decided that the applications / documents / forms pertaining to refund claims on account of zero rated supplies shall be filed and processed manually till further orders. To give effect to rule 89(1) to rule 97A of CGST rules, 2017
Answer to the debate of declaration of value of exempted, nil-rated, composition, non-GST goods and the supplies of unregistered persons in GST returns. There has been an endless debate going on amongst the stakeholders of GST including the tax professionals and practitioners from July 2017 on wards whether the supplies, from /to unregistered persons, persons […]
In the first budget since the end of demonetization and GST went online, the Finance Minister has again provided a thrust to the rural and agrarian economy, with the hope that it may stimulate growth. Please find enclosed herewith the Tax Bulletin analyzing the direct and indirect tax proposals as stated in the Budget.
This is need based initiative of SEBI post the Companies Act, 2013 and Listing Obligations and Disclosure Requirements Regulations (LODR), 2015. What were the shortcomings in corporate governance in the Companies Act, 2013 and SEBI’s LODR that required yet another committee? The scams and scandals in the corporate world which has disturbed the base of the […]
All Asst. Commissioners/GSTOs, who have been assigned powers under section 54 of the Delhi Goods and Services Tax (DGST) Act, 2004 (Delhi Act 3 of 2017) are hereby directed to process the refund cases of DGST Act in the following manner:-
