"September, 2018" Archive - Page 86

Circular on eligible and in-eligible GST refund amount & Legal aspects

Trade Cir. No. 22 T of 2018 01/09/2018

Maharashtra Govt issued Guideline on Legal aspects about the admissibility or inadmissibility of ITC under MGST Act and rules made thereunder and Quantification of eligible and in-eligible refund amount, and further process in this behalf vide Trade Cir. No. 22T of 2018 dated 01.09.2018 Office of the Commissioner of State Tax, (GST), 8th ...

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Rate of GST on Ramming Mass & crushed quartz stones

In re Raghav Productivity Enhancers Limited (AAR Rajasthan)

In re Raghav Productivity Enhancers Limited (GST AAR Rajasthan) Ramming Mass which is a Refractory Material, is classifiable under HSN code 3816 and would attract 18% rate of tax under GST (9% CGST + 9% SGST). Quartz powder obtained by crushing Quartz stones falls under HSN code 2806 and would attract 5% rate of tax […]...

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TDS not deductible on Interest Paid to NOIDA Authority: SC

Commissioner of Income Tax (TDS)  kanpur and Anr. Vs Canara Bank  (Supreme Court of India)

Hon'ble SC held that Though NOIDA is not a local authority, it is a corporation established by Act and so payments to it are not liable to TDS U/s.194A of Income Tax Act, 1961....

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Applying for removal of name from register of companies

Conditions to be fulfilled for fast track exit without following liquidation process...

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Calcutta High Court Grants stay on Service Tax Audit

M/s. Infinity BNKe Infocity Pvt. Ltd. Vs Union of India & Ors. (Calcutta High Court)

The petitioner seeks a declaration that sub-rule (2) of Rule 5A of the Service Tax Rules, 1994 as substituted by notification no. 23/24/ST dated December 25, 2014 is arbitrary and in conflict with provisions of Section 72A of the Finance Act, 1994. The petitioner also seeks a declaration that, the provisions of clause (k) of subsection (2...

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Margin Scheme under GST Regime

Hello friends, greetings for the day in the current article we will discuss about margin scheme also known to be as second hand goods scheme in which goods which are brought to the market and goods are sold as second hand item then procedure and provisions are given in GST laws we will discuss about […]...

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June 2021