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Archive: 08 December 2018

Posts in 08 December 2018

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

May 15, 2024 7170 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.

Hindi lexicon for all GST related words and phrases

December 8, 2018 2466 Views 0 comment Print

This lexicon has been constructed by first compiling all legal terms from the English versions of GST Acts and Rules by us and then taking the help of three of our inspectors who are native Hindi speakers in finding out the equivalent Hindi terminologies from the Hindi versions of these Acts and Rules published in the Gazette of India .

3 New Functionality on Advance Ruling, GST Refund & GST APL-01 now available on GST Portal

December 8, 2018 1683 Views 0 comment Print

New Functionality update on GST Portal: Appeal against the Advance Ruling given the Authority, Filing of Monthly Refund applications by Quarterly Return filers now available on GST Portal, Preparation of Form GST APL-01 by GSTP, on behalf of taxpayer. Appeal against the Advance Ruling given the Authority Once an advance ruling is issued by the […]

Subsidy based on reimbursement of sales tax – revenue or capital receipt?

December 8, 2018 3804 Views 0 comment Print

ITAT, Delhi held that the subsidy received by the assessee from the subsidy received under the West Bengal Incentive Scheme of 2004 was capital in nature and could not be taxed as revenue receipts.

ICAI Election: Complete ban on canvassing on days of polling

December 8, 2018 735 Views 0 comment Print

ANNOUNCEMENT 7th December, 2018 Sub.: Complete ban on canvassing on days of polling Candidates and their supporters may kindly note that Election Code of Conduct continues to be in force on the days of polling and the same will come to an end only upon declaration of results of elections. Further, the Election Code imposes […]

Bitter But Real Side of ICAI Elections

December 8, 2018 6381 Views 18 comments Print

The wait is all over. The day has come. Election Day! A Big day! But have you ever tried to notice a big day for whom?? For Profession at large or a big day for prospective candidate alone. What are you voting for? Who are you voting to? You think you seriously know about the […]

Input Tax Credit on Outdoor Catering Services

December 8, 2018 58404 Views 1 comment Print

Section 17(5)(b)(i) of CGST Act, clearly specifies that Outdoor catering Services is not eligible for Input Tax Credit by the recipient unless and otherwise the recipient is making an outward taxable supply of the same category of goods or services (i.e.) in this Outdoor Catering Serivces , the relevant Section is appended hereunder Section 17(5) of CGST Act “ Notwithstanding anything contained in sub-section (1) of section 16 and subsection (1) of section 18, input tax credit shall not be available in respect of the following, namely:— (b) the following supply of goods or services or both— (i) food and beverages, outdoor catering, beauty treatment, health services, cosmetic and plastic surgery except where an inward supply of goods or services or both of a particular category is used by a registered person for making an outward taxable supply of the same category of goods or services or both or as an element of a taxable composite or mixed supply; “ In present Scenario Input Tax Credit on Outdoor Catering Services is ineligible by the recipient as per the above section of CGST Act

Challenges ahead for filling up GSTR form 9

December 8, 2018 18795 Views 0 comment Print

GSTR -9  BIG challenges coming ahead. Legal Requirement Every Registered person including the person registered under section 10 (Composite Taxable person) to electronically file annual return on or before 31st Dec 2018 following the end of each financial year. It means it has to be file GSTN wise in respect of each & every registration and […]

Extension of due date for filing FORM GSTR-9, FORM GSTR-9A and FORM GSTR-9C till 31st March, 2019

December 8, 2018 15777 Views 5 comments Print

Extension of due date for filing FORM GSTR-9, FORM GSTR-9A and FORM GSTR-9C till 31st March, 2019 GSTR-9 form is an annual return form to be filed once in a year by the registered taxpayers under GST including those registered under composition levy scheme. GSTR-9 consists of details regarding the supplies made and received during […]

GST on Real Estate Transactions, Transfer of Developments Rights and Joint Development Agreements

December 8, 2018 20397 Views 4 comments Print

GST on Real Estate Transactions, Transfer of Developments Rights and Joint Development Agreements (JDAs) Construction and Real Estate is a complex business with multiple stakeholders involved in it. It has been a growing sector in India, but ironically has been riddled with litigation owing to multiplicity of taxes and dual administration mechanism; thereby exposing it to […]

CBIC extends due date of filing Form GSTR-9, GSTR-9A & GSTR-9C

December 8, 2018 61260 Views 12 comments Print

CBIC extended Due date for filing of Annual return for FY 2017-18 in FORMs GSTR-9, GSTR-9A and GSTR-9C extended to 31st March, 2019 vide Press Release Dated 7th December, 2018. Official Order is expected today. FORM GSTR-9 and FORM GSTR-9A have been notified vide notification No. 39/2018-Central Tax, dated 04.09.2018 while FORM GSTR-9C has been […]

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