"25 June 2019" Archive

GST on lodging alongwith food – Composite supply?

In re M/s Sarj Educational Centre (GST AAAR West Bangal)

In re M/s Sarj Educational Centre (GST AAAR West Bangal) Whether service to the students for lodging along with food is a composite supply within the meaning of section 2(30) of the GST Act The West Bengal Authority for Advance Ruling (hereinafter referred to as the WBAAR’) has passed an advance ruling by an order […]...

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Amendment in import policy of seeds of Peas

Notification No. 09/2015-2020-DGFT [S.O. 2092(E)] (25/06/2019)

Import policy of seeds of Peas is amended from 'Restricted' to 'Free' subject to phytosanitary import conditions as per Plant Quarantine (Regulation of Imports into India), Order 2003. Policy condition 4 to Chapter 12 of ITC (HS), 2017, Schedule — I (Import Policy) is hereby deleted....

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CBIC reveals GST Audit Plan / Strategy for the year 2019-20

F. No. 381/49/2019 (25/06/2019)

The audit of GST Taxpayers were to commence from 1st July 2019, in respect of those taxpayers who have filed their Annual Return in GSTR Form 9 / 9A. However, in the recent GST Council Meeting held on 21/06/2019, the last date of filing of the Annual Return has been extended by two months, i.e. upto 31st August 2019....

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GST Payable on subscription received by Banking Institute from RBI for improvement in banking operations 

In re M/s. National Institute of Bank Management (GST AAR Maharashtra)

In re M/s. National Institute of Bank Management (GST AAR Maharashtra) Question 1:-Whether consideration paid as subscription or contribution towards recurring or capital expenses or reimbursement or by whatever name called to National Institute of Bank Management (NIBM); a society registered under Societies Registration Act, 1860 by its ...

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GST on oil used for lighting lamp for God

In re M/s Sri Kanyakaparameshwari Oil Mills (GST AAR Karnataka)

What is rate of tax for 'Non- perfumed Deepam Oil' which is prepared by mixing Gingely Oil, Palmoline Oil, Rice Bran Oil or any one oil without perfurme or chemical and used for lighting lamp for God (not for cooking) with HSN Code?...

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Illustrative Auditor’s Certificate on Return of Deposits (DPT 3)

Illustrative Auditor's Certificate on Return of Deposits as at [state the year end] pursuant to Rule 16 of the Companies (Acceptance of Deposits) Rules, 2014, as amended...

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Clarification on Auditor’s Certificate on Return of Deposits (DPT-3)

The Auditor’s Certificate is mandatory only in case of return of deposits. For filing particulars of transactions not considered as deposits information contained therein as on 31st March of that year need not be from the duly audited Financial Statement....

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Pre-Budget Tax proposals in response to Union Budget, 2019

Advocate Sameer Bhatia Introduction The Union Budget, 2019 catering to both direct and indirect tax avenues will be tabled before the Parliament by the Hon’ble Finance Minister Smt.Nirmala Sitharaman as on 05th July, 2019. Since, with the passage of time, the parent legislation under the direct taxes i.e. the Income Tax Act has acquired...

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Prime Minister Employment Generation Programme (PMEGP)

Government of India has approved the introduction of a new credit linked subsidy programme called Prime Minister’s Employment Generation Programme (PMEGP) by merging the two schemes that were in operation till 31.03.2008, namely Prime Minister’s Rojgar Yojana (PMRY) and Rural Employment Generation Programme (REGP) for generati...

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Major Recent GST Changes till 24th June 2019

35th meeting of the GST council took place on 21st June, 2019, first one for current Union Finance Minister, Mrs. Nirmala Sitaraman and under the new Government’s tenure....

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