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Archive: 06 November 2018

Posts in 06 November 2018

Live Course on Appeal, Pleading & Drafting under GST by CA Sachin Jain

May 15, 2024 6471 Views 0 comment Print

oin us for an immersive live course led by renowned expert CA Sachin Jain, as we delve into the intricacies of appeal, pleading, and drafting under GST.

Sec 54 requires construction completion within 3 years irrespective of purchase date

November 6, 2018 13497 Views 0 comment Print

Benefit u/s 54 can be availed even if plot was purchased prior to sale of property provided construction of the house property is completed within the time frame provided in Section 54.

GST on mobilization advance received against works contract services

November 6, 2018 72519 Views 3 comments Print

Works contractors are still liable to pay GST on mobilization advance /any other advance received towards supply of a works contract services attracting GST.

Interest in GST: Whether on Gross Output Tax or Net Tax Liability

November 6, 2018 40143 Views 5 comments Print

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 liability and charging a heavy penalty on the same. The problem with such interest lies with the amount on which the Department is calculating it. 

Non-filing of Part-B of E-way bill: HC orders release of goods on furnishing of security

November 6, 2018 1464 Views 0 comment Print

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.

Concept of Pure Agent under GST

November 6, 2018 12432 Views 0 comment Print

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.

GST Credit Notes A Double Edged Sword In GST Annual Returns

November 6, 2018 39051 Views 6 comments Print

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.

MCA proposes 20 further Amendments in Companies Act, 2013

November 6, 2018 11385 Views 0 comment Print

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.

Appointment of Auditor for Conducting Annual GST Audit of SIDBI

November 6, 2018 10572 Views 0 comment Print

Request for Proposal For Appointment of Auditor for Conducting Annual GST audit of the Small Industries Development Bank of India [SIDBI].

Disclosure of Father name not required by Single Mother for Birth Certificate of Child

November 6, 2018 2517 Views 0 comment Print

Mathumitha Ramesh Vs The Chief Health Officer (Madras High Court) In the present case, the hospital in which the petitioner had given birth to a child had certified that the petitioner herein had delivered an alive girl on 23.04.2017 at 10.47 a.m. at Cethar Hospital, Trichy. The petitioner herein had also filed an affidavit before the authorities that the child was born from her womb. In the affidavit filed before this Court, the petitioner had clearly stated that she got pregnant through “intrauterine insemination” through which, she delivered […]

Section 234E: Assessee not liable for late filing charges for the period prior to June, 2015

November 6, 2018 9558 Views 0 comment Print

Assessee could not be held liable for levy of late filing charges under section 234E for the period prior to June, 2015 in the absence of amendment to section 200A, which was brought on Statute from 1-6-2015.

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