6. Determination of value in respect of certain supplies: (1) Notwithstanding anything contained in these rules, the value in respect of supplies specified below shall, at the option of the supplier, be determined in the manner provided hereinafter.
Customs Rate of Exchange of Foreign Currency Conversion wef 05.10.2018 notified vide Notification No. 85/2018 – Customs (N.T.) dated 4th October, 2018
Section 13 (3) of the IGST Act, 2017 contains provisions relating to place of supply of certain services and the section prescribes that place of performance of the listed service would be place of supply. (a) Service provided in respect of goods which are required to be made physically available to the supplier by the […]
Seeks to amend Notification No. 11/2017-Central Excise dated 30th June,2017 in order to reduce Central Excise duty rates on motor spirit (petrol) and High-speed diesel. GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 21/2018-Central Excise New Delhi, the 4th October, 2018 G.S.R. 994(E). – In exercise of the powers conferred by sub-section […]
There is NO FORMAT PRESCRIBED by the Government. Only a FEW PARTICULARS have been mandated in the format. So everyone is free to draft his own format for Invoicing under GST.
New GST regime gives Freedom from maintaining too many Accounts and Records. Provisions relating to accounts and records are contained under section 35 of the CGST Act, 2017. Under GST, One Accounts and Records is enough. Unique features of GST related to Accounts and Records to be maintained are as follows :- 1. Compliance verification in GST […]
ACIT Vs Goldmohur Design And Apparel Park Ltd (ITAT Mumbai) Bombay High Court in CIT vs Gangadeep Infrastructure Pvt. Ltd. (394 ITR 680)(Bom.) held in this context to the pre-amended section 68 has held that where the Revenue urges that the amount of share application money has been received from bogus shareholders then it is […]
In re M/s Goa Tourism Development Corporation Ltd. (GST AAR Goa) Whether GST is applicable on One Time Concession Fees Charged by M/s Goa Tourism Development Corporation Ltd. in respect of their property for a long term lease of 60 years? From the statute of the provisions of section 142(10) ibid it can be easily […]
Central Bureau of Investigation has arrested an Income Tax Inspector, working in the office of Joint Commissioner, Income Tax, Range-III, Lucknow and a private person in a bribery case of Rs. 10 lakh.
Whether the provisions of Section 269ST are also applicable on transactions between the firm and its partners? In this article an attempt has been made to discuss various aspects of this issue.
