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Archive: 29 June 2018

Posts in 29 June 2018

GST rate on services rendered by way of plantation activities

June 29, 2018 63966 Views 1 comment Print

Commissionerate of CT and GST, Odisha (At Cuttack) (Finance Department, Government of Odisha) Clarification No. POL-56/3/2017-Policy 9160/CT, Dated 21st June, 2018 To Director (Finance) Odisha Forest Development Corporation Bhubaneswar Sub: Clarification on GST rate applicable on services rendered by way of plantation activities Ref: Your letter no. 10175/Dt.28.05.2018 Sir, I am directed to clarify the […]

It’s Easy to e-File Income Tax Return in Form No.1 “SAHAJ”

June 29, 2018 1758 Views 0 comment Print

ndividuals having income upto Rs. 50 lakhs from salary/single house property/other income (interest etc.) can file Income Tax Return on one page ITR Form No. 1 ‘SAHAJ’ quickly and easily by following these simple steps…

BEE recommendations on temperature setting of Air Conditioners: FAQs

June 29, 2018 1389 Views 0 comment Print

Bureau of Energy Efficiency (Ministry of Power) has issued the guidelines to major commercial establishments with the objective of conserving energy through optimum temperature settings for the Air Conditioners, within the comfort zone /chart.It is estimated that changing the temperature from conventional 20-21 degree Celsius can result in approximately at 24 per cent of energy savings.

UTGST: Reverse charge mechanism u/s 7(4) suspended till 30.09.2018

June 29, 2018 1320 Views 0 comment Print

Seeks to exempt payment of tax under section 7(4) of the UTGST Act, 2017 till 30.09.2018 vide Notification No.12/2018 –Union Territory Tax (Rate) dated 29th June, 2018

Statement U/s. 133A is merely information simplicitor and not evidence per se

June 29, 2018 3525 Views 0 comment Print

Respondent assessee is a private limited company. The business premises of the company was subjected to survey operation under section 133 of the Income Tax Act, 1961 (the Act for short). During the survey operation, the Revenue claimed to have seized and impounded a diary which allegedly reveal certain cash transactions with respect to sell of Vatva land. Statement of the directors of the company were also recorded.

AAR Karnataka allows UltraTech Cement to withdraw advance ruling

June 29, 2018 3045 Views 0 comment Print

Applicant has sought for Advance Ruling on the question that Whether the amount paid to dealer towards ‘rate difference’ post supply can be considered for the purpose of arriving at the ‘transaction value’ in terms of Section 15 of the Central Goods and Service Act’2017 ?. But the Applicant requested to permit them to withdraw the application filed for advance ruling vide their letter dated 29.05.2018, even prior to personal hearing.

AAR Karnataka allows withdrawal of advance ruling on applicability of GST for slump sale

June 29, 2018 1932 Views 0 comment Print

Applicant has sought for Advance Ruling on the applicability of GST for slump sale and also GST applicability on the stock which is part of slump sale. But the Applicant requested to permit them to withdraw the application filed for advance ruling vide their letter dated 17.04.2018, even prior to personal hearing.

AAR Karnataka allows withdrawal of advance ruling on Auxiliary services- Export of Services

June 29, 2018 1401 Views 0 comment Print

In Re M/s H&M Hennes & Mauritz India Pvt. Ltd. (GST AAR Karnataka) Whether the auxiliary services provided by H&M Hennes & Mauritz India Private Limited to Plus Trading Far East Limited, Hong Kong in terms of Auxiliary Services Agreement dated 19th January 2015 (effective from 01 February 2015) qualify as Export of Services under […]

Brand Owner liable to pay GST on Profit earned by allowing brand use

June 29, 2018 6426 Views 0 comment Print

In Re United Breweries Limited (GST AAR Karnataka) (a) Whether beer bearing brand/s owned by M/s United Breweries Limited (Brand Owner/UBL) manufactured by Contract Brewing Units (CBUs) out of the raw materials, packaging materials and other input materials procured by it and accounted by it and thereafter selling such beer to various parties under its […]

GST on merger of proprietorship firm as a going concern with a private limited company

June 29, 2018 15195 Views 1 comment Print

In re M/s B. M. Industries (GST AAR Haryana) The applicant, on merger of his proprietorship firm as a going concern with a private limited company, is not liable to pay tax under CGST/SGST Act on the fixed assets and currents assets including stocks of raw material, semi-finished and finished goods. The input tax credit […]

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