"28 March 2019" Archive

Composition Scheme under GST- Changes Effective From 01.04.2019

With effect from 01.04.2019, various changes are being implemented in the composition scheme. As the scheme is required to be opted, this article is an attempt to explain the provision as it shall be applicable with effect from 01.04.2019 for composition dealers....

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12 Thing to do/remember before GST Return Filing for March 2019

12 Thing to do/remember before GST Return Filing for March 2019 includes not to delay filing of  GSTR 1 or GSTR 3B pertaining to March 2019, Avail all Input Tax credit (ITC) for invoices pertaining to FY 17-18, Raise All Debit Notes pertaining to invoices of FY 17-18 & Inform the Counter party, Avail all […]...

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Mismatch of TDS Credit as per 26AS & Form 16A: Problem & Solution

There are situations where due to technical non compliance or due to procedural aspects credit TDS is denied to assesssee despite he is having Form 16A issued by deductor in support of his claim. However, CPC or even AO denies credit of such TDS and restricts claim to TDS as per Form 26AS only....

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5 Recent important cases on GST decided by various High Court

This post covers summary of a few recent case laws on GST. Hope these judgement help you to understand the practical issues emerging in the GST regime in a better way. 1. Bharat Raj Punj Vs Commissioner of Central Goods And Service Tax (Rajasthan High Court) Case: Input tax credit availed fraudulently by issue of fake […]...

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GST Registration- Minimum Threshold Limit with effect from 1st April 2019

Notification No.-10/2019- Central Tax has further exempted from obtaining registration for a person engaged exclusively in supply of goods and whose aggregate turnover in the financial year does not exceed Rs 40 lakh with effect from 1 April 2019 except persons making intrastate supplies in the States of Arunachal Pradesh, Manipur, Meghal...

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TPO cannot suo-motu assume jurisdiction to determine ALP price of SDT not referred to him

Times Global Broadcasting Company Ltd vs. Union of India & Ors. (Bombay High Court)

Hon’ble Bombay High Court (HC) held that the transfer pricing officer (TPO) cannot suo-motu assume jurisdiction to determine the arm’s length price (ALP) of specified domestic transactions (SDT) not referred to him....

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MCA (ROC) Compliance Calendar – April 2019

Compliance Requirement Under Companies Act, 2013 And Rules Made Thereunder for the Month of April 2019 which includes filing of MCA E- Form INC 20A, Form NFRA-1, Form MSME -1 , Form BEN-1, Form BEN – 2, Active Form INC -22A and E-Form DIR – 3 KYC. Out of these Form BEN – 2 and Form […]...

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CBIC extends due date for furnishing of Form GST ITC-04

Notification No. 15/2019–Central Tax [G.S.R. 242(E)] (28/03/2019)

Notification No. 15/2019 –Central Tax dated 28th March, 2019 The time limit for furnishing the declaration in FORM GST ITC04 in respect of goods dispatched to a job worker or received from a job worker, during the period from July, 2017 to March, 2019 Extended till the 30th June, 2019. Rule 41(1) of the CGST […]...

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Transfer of input tax credit in case of death of sole proprietor

Circular No. 96/15/2019-GST (28/03/2019)

Circular No. 96/15/2019-GST Dated 28th March, 2019 Transfer of ITC in case of death of sole proprietor Section 29(1)(a) of the CGST Act, 2019- Cancellation of registration on account of transfer of business for any reason including death of the proprietor For the purpose of sections 18(3), 22(3) and 85(1) of CGST Act and rule 43(1) [&hel...

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Verification for grant of new GST registration- CBIC clarifies

Circular No. 95/14/2019-GST (28/03/2019)

Circular No. 95/14/2019-GST dated 28th March, 2019 Verification of applications for grant of new GST registration A large number of registrations have been cancelled by the proper officer under the provisions of section 29(2) of the CGST Act, 2017 read with rule 21 of the CGST Rules, 2017 on account of non-compliance of the said statutor...

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