"04 December 2018" Archive

GSTR-7A (TDS Certificate under GST)- How to Download and FAQs

A. FAQs on Form GSTR-7A- Tax Deduction at Source (TDS) Certificate under GST Q.1 What is Form GSTR-7A? Ans: Form GSTR-7A is a system generated TDS Certificate which is generated once deductor furnishes a return in Form GSTR-7 on the GST Portal and the deductee accepts the details uploaded by deductor and files his return. […]...

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Extend Time For Filing GST Annual Return and GST Audit Report

Memorandum to Union Finance Minister for extension of time For Filing Annual Return In Form GSTR 9 And Audit Report In Form GSTR 9C till 31st March 2019...

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Cenvat credit on inputs used in excess of what prescribed when available

Bhawani Press Metal & Body Building Pvt. Ltd. Vs CCEx. (CESTAT Kolkata)

Observing that actual consumption of material could vary from bill of material supplied along with designs and drawings by the principal, CESTAT  Kolkata has set aside  demand  of  Cenvat   credit on alleged excess inputs....

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Discussion Paper on 3 ‘S’ of Climate changes released

Ministry of Finance releases Discussion Paper entitled 3 Essential S of Climate Finance - Scope, Scale and Speed: A Reflection on the sidelines of COP 24 in Katowice, Poland ...

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Provision Of Status Holder – Under Foreign Trade Policy

Chapter 3 of the FTP 2015-20  contains the provision of Status Holder. Status Holders are business leaders who have excelled in international trade and have successfully contributed to country’s foreign trade. Status Holders are expected to not only contribute towards India’s exports but also provide guidance and handholding to new e...

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Amendments in Companies Cost Records and Audit Rules

The much awaited demand of the stake holders with regard to the fine-tuning of Companies Cost Records and Audit Rules has been met with though not fully by the Ministry of Corporate Affairs....

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Benami Transaction (Prohibition) Act, 1988

A benami property is a property bought by the original owner using a proxy. This helps him park his unaccounted money safely while avoiding paying taxes to the government at the same time. Benami transactions are quite prevalent in land purchases, where unaccounted money is used to make the purchase....

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Tax Deducted at Source (TDS) under GST

As per Notification No. 50/2018, dated 13th September, 2018 – Central Government implemented provisions of section 51 of CGST Act (TDS under GST) with effect from 1st October, 2018 Specified Persons Under section 51 following persons are required to deduct TDS: a) a department or establishment of the Central Government or State Govern...

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Refund Under GST- Easy To Understand

Many changes have been made in the rules for granting refund within a very short span of time since the inception of GST, hence, it has become very difficult to keep track of the changes made. Also, the GSTN portal is still not fully automated for the process of granting refund. To help the officers […]...

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HC admits Writ challenging constitutional validity of Section 129 & 130 of CGST Act, 2017

Shan Mohammad Vs. Union of India & Ors. (Rajasthan High Court)

Shan Mohammad Vs. Union of India & Ors. (Rajasthan High Court) By way of this writ petition the petitioner has challenged the constitutional validity of the provisions of Section 129 & 130 of the Central Goods & Services Tax Act, 2017 and the corresponding Sections of the Rajasthan Goods & Services Tax Act, 2017. Section [...

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