"05 October 2018" Archive

Error in filing Form TRAN­1- Govt should allow rectification: HC

O/E/N India Ltd. & Anr. Vs Union of India & Ors. (Bombay High Court)

O/E/N India Ltd. & Anr. Vs Union of India & Ors. (Bombay High Court) 1. This Petition under Article 226 of the Constitution of India seeks a direction to the Respondent No. 3 to allow the Petitioners to resubmit his Form TRAN­1 either electronically or physically, containing the correct figure of Cenvat credit available t...

Read More

Brief discussion on TDS under GST

All you want to know about TDS under GST, Documents required for registration as TDS Deductor, Procedure for Registration, Deduction and Deposit of TDS, Filing of return of TDS, issuing of GST TDS Certificates....

Read More

Form GST DRC-20 is now available on GST Portal

Form GSTR DRC-20 is now available on GST Portal Application for payment of dues in instalments has been enabled on the GST Portal for the Taxpayers. (Refer Section 80 of the CGST Act, 2017 & Rule 158(1) of the CGST Rules, 2017) Section 80 of CGST Act,2017 – Payment of tax and other amount in […]...

Read More

Confused about Rupee vs Dollar fight? Here’s how you can understand everything easily

Rahul is a software developer who provides services to US Based companies. In return, those companies pay him the professional services in US Dollars. If Rahul was earning $1,000 in 2014, he was making approx. ₹ 63,000. If Rahul earns $1,000 today, he is making approx. ₹ 72,000 which means he is earning more than what he was receiving...

Read More

Filing of refund application for multiple tax period enabled on GST Portal

Filing of Refund Application for multiple tax period in four types of cases and upload of prescribed statements can now be done on GST Portal. Taxpayers filing following GST refund applications, has now been provided with facility to apply for refund for multiple tax period and upload statements, as mentioned below: ITC accumulated due to...

Read More

Noticeable challenges in implementation of TDS under GST law

Deduction, registration, compliance, challenges   The GST law requires TDS to be deducted by certain specified Government bodies/ PSUs, where the total value of supply, under a contract, exceeds Rs. 2,50,000. After the GST regime gained momentum, the government decided to introduce TDS and TCS provisions. The GST law requires TDS to be ...

Read More

Refund of Double Payment by Electronic Challan cum Return (ECR) -Reg

No. Bkg.1 (34) 2017/Bank Commn./UBI/157 05/10/2018

In spite of guidelines issued in above matter, a number of complaints are being received in Head Office in connection of non refund of wrong / excess / double payments made by establishment through ECR....

Read More

Services To Foreign University Not Export But Taxable Under GST

It is a growing trend now a days that more and more Indian students are opting for higher and technical education from foreign universities abroad and there are agencies who act as facilitators (intermediaries) between potential students and foreign universities. ...

Read More

GST Dilemma of a person selling through E Commerce Operator

Jigar Shah As the festive season is around the corner the E Commerce operators and people selling through them are gearing up for sales and discount days. It is expected that this Diwali season will attract over 2 Million e-shoppers, versus 13.5 million last year. As per Redseer consulting, e-commerce firms are set to generate […]...

Read More

TCS On E-Commerce Operators

Under the GST Regime, on and from October 1, 2018, all e-commerce operators, except agents, shall be liable to deduct tax at source at the rate of 1% i.e. 0.5% CGST + 0.5% SGST, of the net value of intra-State taxable supplies made through it by other suppliers....

Read More

Search Posts by Date

February 2023