Works contractors are still liable to pay GST on mobilization advance /any other advance received towards supply of a works contract services attracting GST....
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The interest is being charged by the Department on gross tax liability which is the output tax and tax payable on reverse charge mechanism without deducting any input tax credit i.e. net tax liability. Many taxpayers are getting notices from the GST Department regarding late filing of return. The GST Department is adding interest liabilit...
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New Shiva Transport Service Vs State of U.P. (Allahabad High Court) -
As the complete details to be filled up in Part-B of the E-way Bill were supplied on 25.05.2018, the goods were not liable for seizure on 26.05.2018....
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A. FAQs on Filing reply in Form GST ASMT-11 to the notice issued against scrutiny of Returns Q.1 When a Tax Official will conduct Scrutiny of Returns? Ans: In case, any discrepancy is found in return furnished by registered person on the basis of risk parameters or suo-moto, then Tax Official can issue a notice […]...
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As per Sec 2(5) of the CGST Act, 2017, agent means a person, including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of supply or receipt of goods or services or both on behalf of another....
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Issue of Credit notes is an age old practice in business environment. They are issued by supplier to buyer for the sales return transactions. In GST there will be a tax component in each & every taxable supply transaction. When there is a supply of goods or services, supplier is liable to pay GST on such transactions....
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Pursuant to recommendations made by Committee to review the offences under the Companies Act, 2013, the Companies (Amendment) Ordinance, 2018 has been promulgated on 2nd November, 2018....
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Request for Proposal For Appointment of Auditor for Conducting Annual GST audit of the Small Industries Development
Bank of India [SIDBI]....
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A. FAQs on Provisional Assessment and Release of Security under GST Q. 1. What is Provisional Assessment? Ans: If taxpayer is unable to determine either the value or tax rate for the goods/ services dealt in, then he/ she can file an application for provisional assessment to the Tax Official. Q. 2. From where can […]...
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The introduction of Goods and Services Tax (GST) would be a very significant step in the field of indirect tax reforms in India. By amalgamating a large number of Central and State taxes into a single tax, it would mitigate cascading or double taxation in a major way and pave the way for a common national market. From the consumer point ...
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