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Archive: 11 March 2019

Posts in 11 March 2019

MCA clarifies on issues in filing of e-form RD- 1

March 11, 2019 10695 Views 0 comment Print

MCA issues Clarification on filing e-form RD-1, whereby applications u/s 2(41) (change in a financial year) and u/s 14 of the Companies Act, 2013 (conversion of public limited company into private company), along with e-form RD-1 shall be processed by Regional Directors.

Repair Services with parts under warranty obligation is composite supply of services

March 11, 2019 2712 Views 0 comment Print

In re Premier Car Sales Ltd. (GST AAR Uttar Pradesh) (i)- Whether repair services carried out by the Applicant under the Dealership Agreement with HMIL, to fulfill the warranty obligation of HMIL which also involves supply of parts should be classified as a composite supply of services under Section 2(30) of CGST Act/ Section 2(30)of SGST Act, […]

AAR rectifies name and GST Number of applicant on AAR Order

March 11, 2019 429 Views 0 comment Print

The applicant in its application for rectifying an Order No. 22 for Advance Ruling issued by Authority for Advance Ruling on 25.01.2019, submitted that in online application, name of the company and GSTIN were correctly filled but while submitting the hard copy of application form GST ARA-01 name of the company and GSTIN were in advertently submitted Rudhrabhishek Enterprises Limited and GSTIN 09AAGCR1735A1ZP instead of Rudrabhishek Enterprises Limited and GSTIN 09AAACR0707L2ZD.

CBDT approves Institute of Nano Science and Technology, Mohali U/s. 35(1)(ii)

March 11, 2019 447 Views 0 comment Print

It is hereby notified for general information that the organization M/s Institute of Nano Science and Technology, Mohali (PAN:- AAAAI4829E) has been approved by the Central Government for the purpose of clause (ii) of sub-section (1) of section 35 of the Income-tax Act, 1961

Rate of GST on getting tobacco leaves re-dried without getting them threshed

March 11, 2019 3408 Views 0 comment Print

In re K.S Subbaih Pillai & Co (India) Private Limited (GST AAR Andhra Pradesh) (a) What is the rate of GST applicable on tobacco leaves procured at tobacco auction platforms or directly from farmers, which are cured and dried by -farmers themselves? The GST Rate of tax for the tobacco leaves procured at tobacco auction […]

Discontinuation of physical copy of Advanced/EPCG Authorisation – Procurement from SEZs

March 11, 2019 3024 Views 0 comment Print

In case of procurement from SEZs, TRA facility shall be operated by RAs of DGFT as outlined below. The request for TRAs from EDI ports to SEZs shall be made to the concerned RA.

Offences and Penalties under Information Technology Act, 2000

March 11, 2019 355578 Views 4 comments Print

Learn about the offences and penalties under the Information Technology Act, 2000. Understand the legal recognition of electronic transactions and digital signatures.

Reconciliation of ITC claimed under GSTR-3B & GSTR-2A- New Feature on GSTN Portal

March 11, 2019 56133 Views 20 comments Print

NEW FEATURE ROLLING OUT ON A GST PORTAL As the Due date of GSTR-9 is notified by the Government as 30th June 2019 the government is trying to simplify the Reconciliation of the Returns.  ITC claimed as this is major issue in Reconciliation of ITC claimed under GSTR-3B & ITC as per GSTR-2A. The government […]

AO need not refer to DVO if he accepts property valuation of registered valuer

March 11, 2019 3747 Views 0 comment Print

Where AO was satisfied from the valuation report of the Registered Valuer (approved by the Govt.) for the valuation of property furnished by assessee, he was not mandatory required to refer the matter for valuation of property to DVO. 

GST Update – Taxable Value not to include TCS – CBIC Circular

March 11, 2019 5820 Views 2 comments Print

The Central Board of Indirect Taxes and Customs (CBIC) had vide Circular No. 76/50/2018-GST dated 31st December, 2018, clarified that the taxable value for the purposes of GST shall include the Tax Collected at Source (TCS) amount collected under the provisions of the Income Tax Act. However, considering the representations received from stakeholders and after […]

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