"17 April 2018" Archive

10 Major changes for GST composition dealer

GSTR-4 is a quarterly return. Every registered dealer who have opted for composition scheme have to file quarterly return before 18th of the next quarter. Composition scheme is applicable for those taxpayers whose turnover is below Rs 1 Cr and ITC cannot be availed by by them. Now changes have been made in the GSTR-4....

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RTI reveals collection of Rs 900 Crores as GST Late Fees

I have lodged an RTI with respect to collection of Late Fees and Interest on account of GST return filing so as to co-relate with the process of GST Return filing in vogue....

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Tripura and Himachal to roll out intra-state e-way bill on Apr 20

Notification NO.F.1-11(91)-TAX/GST/2018(Part-I) (17/04/2018)

GST Intra-state E-Way bill will be required from 20.04.2018 for any intra –state movement of taxable goods in Tripura and Himachal Pradesh having value more than Rs 50,000/- and where the place of delivery is beyond 50 kms from place of supply. ...

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What are pre-requisites to generate e-way bill?

♦ The person generating the e-way bill should be a registered person on GST portal and he/she should register in the e-way bill portal. If the transporter is not registered person under GST it is mandatory for him to get enrolled on e-waybill portal (https://ewaybillgst.gov.in) before generation of the e-way bill....

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Major changes in Income Tax For FY 2017-18 & 2018-19 for SME

New changes in the Income Tax Law by the Finance Act, 2018 have come into the effect from 01/04/2018 and a few provisions are effective from 01/04/2017, which have been mentioned at relevant places....

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8 Recent Pronouncement on GST (Part-VII)

In Evergreen Seamless Tubes Pvt. Ltd. & Ors. v. Union of India & Ors, WP No. 12378 of 2017(Bombay), HC dismissed writ petition challenging constitutional validity of Section 140(3)(iv) of CGST Act which deals with transition and therefore, refused to strike down one year time limit for transitional credit availment. ...

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Skincare preparations are medicaments for levy of GST: AAR

In re Akansha Hair & Skin Care Herbal Unit Pvt Ltd (AAR Kolkata)

Preparations for the care of the skin namely, Rupam (Pimple Pack) and Pailab (Anti-Crack Cream), in the list submitted by the Applicant of the Application are classifiable as Medicament under heading 3004 of the Customs Tariff Act, 1975. This ruling is valid subject to the provisions under Section 103(2) until and unless declared void und...

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Joint Plant Committee not required to Register under GST Act: AAR

In re Joint Plant Committee (AAR Kolkata): Case Number 02 of 2018

Joint Plant Committee is engaged exclusively in supplying goods and services that are wholly exempt from tax, and, therefore, not liable to be registered in accordance with the provisions under section 23(1) of the GST Act, subject to the condition that the Applicant is not otherwise liable to pay tax under the Reverse Charge mechanism un...

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Supply of UPS with battery is a mixed supply under GST Act: AAR

In re Switching Avo Electro Power Ltd (AAR Kolkata)

The supply of UPS and Battery is to be considered as Mixed Supply within the meaning of Section 2(74) of the GST Act, as they are supplied under a single contract at a combined single price....

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Block joining mortar classifiable under heading 3214 of Customs Tariff Act 1975: AAR

In re SIKA India Pvt Ltd (AAR Kolkata)

SIKA Block Joining Mortar is to be classified under tariff item 3214 90 90 of the Customs Tariff Act, 1975, and, therefore, taxable under serial no. 24 of Schedule IV vide Notification No. 01/2017-Central Tax (Rate) dated 28/06/2017 under CGST Act, 2017 and 1125-FT dated 28/06/2017 under WBGST Act, 2017. ...

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