GST on monthly subscription/contribution charged by a Residential Welfare Association from its members A number of issues have been raised regarding the GST payable on the amount charged by a Residential Welfare Association for providing services and goods for the common use of its members in a housing society or a residential complex. The same […]
Assessee was entitled to exemption under section 54 on long term capital gain on sale of properties as the holding period of the asset should be considered from the date of acquisition of asset in the light of agreement to sale, but not from the date of possession of the property.
Consequent to amendment to the PIT Regulations after approval of the report submitted by Committee on Fair Market Conduct, various clarifications have been sought by Market Participants on the amendments. Hence, the Guidance Note has been revised on July 5, 2019 to provide clarity on (i) Requirement of Maintaining Structured Digital Database and (ii) Scope of Investment Company
1. Which Type of FSSAI License is Mandatory for export import dealing in food business? ANS: CENTRAL LICENSE. 2. Which Type of FSSAI License is Mandatory for export unit? ANS: CENTRAL LICENSE. 3. IS CENTRAL LICENSE IS MANDATORY FOR BOTH IMPORT AND EXPORT OF FOOD PRODUCTS? ANS: Yes 4. IS FSSAI license for food activities of […]
1) This Scheme may be called the Pradhan Mantri Laghu Vyapari Maan-dhan Yojana, 2019. (2) It shall come into force on the 22ndday of July, 2019. (3) Subject to the provisions of this Scheme, the Laghu Vyaparis have option to become the members of the Scheme, on and from the 22ndday of July, 2019.
In GST audit u/s 35(5), there is no specific report have to be given by the GST auditor. GST auditor has to certify the prescribed Reconciliation Statement from GSTR 9C. Auditor have to fill Part B portion (as per requirement) of GSTR 9C with proper observations/ comments / discrepancies /disclosures and certify true and correctness of GSTR 9Cs reconciliation after giving proper recommendation in part A.
Tax is levied for public purposes and when it is collected, it becomes part of revenue of the State. Benefit of tax cannot be given to the taxpayer. The Constitution Bench of the Honorable Supreme Court of India, in its judgment in the Commissioner, Hindu Religious Endowments, Madras vs. Sri Lakshmindra Thirtha Swamiar of Sri […]
Article explains Taxability of Lottery under Goods and Services Tax Act, 2017, Whether lottery is goods or services, Whether the lottery should be in physical form to be considered as goods, What are the conditions for making supply of lottery a taxable supply, What is the rate of tax of lottery, Is an invoice required […]
India Yamaha Motors Pvt. Ltd. Vs. Commissioner of Customs (CESTAT Delhi) For the demand relating to the period from 1 April, 2012 to 1 July, 2012 i.e. pre negative list period: The definition of manpower recruitment and supply agency is relevant for the impugned adjudication. Section 65(68) of the Act defines manpower recruitment and supply […]
Allahabad High Court has held that tax liability cannot be fixed on the transporter merely because the assessee/transporter did not furnish the details of the consignor and the consignee of the completed transactions.
