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Archive: 29 August 2019

Posts in 29 August 2019

ITAT suggests creation of Tax Advisory Cell & Tax Compliance Scheme

August 29, 2019 585 Views 0 comment Print

Smt. Asha Gandhi Vs The ITO (ITAT Chandigarh) Conclusion: Tribunal urged State to remove violations of tax laws by new assessees such as part time enterprising housewives, illiterate, semi-skilled men/women or teenagers by highlighting the concepts of agents of economic change; creation of Tax Advisory Cell; and coming out with Policy/Tax Compliance Scheme for the […]

Implement guideline on Handling of Clients’ Securities: SEBI

August 29, 2019 720 Views 0 comment Print

The Stock Exchanges, Clearing Corporations and Depositories are advised to bring the provisions of circular related to Handling of Clients’ Securities by Trading Members / Clearing Members to the notice of all TM / CM, Depository Participants and also disseminate the same on their respective websites.

Cash Withdrawal at Points-of-Sale (PoS) Devices

August 29, 2019 972 Views 0 comment Print

The instructions outlined therein, limit – cash withdrawal to ₹ 1000/- per day in Tier I and II centres and ₹ 2,000/- per day in Tier III to VI centres customer charges, if any, on such cash withdrawals to not more than 1% of the transaction amount.

GTA Service provider cannot avoid GST by not issuing LR/GR/consignment note

August 29, 2019 10398 Views 0 comment Print

In re M/s K M Trans Logistics Private Limited (GST AAR Rajasthan) 1. Does Transportation by own vehicles on the basis of Invoice(s) and E-way Bill without issuing the LR/GR by the Applicant Transporter will covered under exempted supply/non GST supply? To issue an E-way bill, it is mandatory to mention the transport document number […]

No export if both Place of service supplier & supply of service is in India

August 29, 2019 1761 Views 0 comment Print

In re M/s Syngenta Bioscience Private Limited (GST AAR Goa) 1. Whether the activity of on the technical testing services carried out by the applicant be treated as ‘zero-rated supply’? In The instant case, the goods on which technical testing is carried out are made available to the applicant in India and are not exported […]

GST rate on Railway seat and parts thereof exclusively used by Railways

August 29, 2019 3330 Views 0 comment Print

In re M/s Sutlej Coach Products Pvt. Ltd. (GST AAR Punjab) Central Board of Excise & Customs has also vide Circular No. 15/90-CX.1 dated 07.05.1990 issued from F.No. 13/2/90-CX.1, has clarified that seats used in Railway Coaches are correctly classifiable under heading 9401, The applicant prior to GST regime were also classifying their product ‘Seats […]

Notification No. 40/2019-Customs (N.T./CAA/Extension/DRI) dated 29.08.2019

August 29, 2019 780 Views 0 comment Print

Notification No. 40/2019-Customs (N.T./CAA/EXTENSION/DRI) dated 29th August, 2019 appointing Common Adjudicating Authority. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) (Directorate of Revenue Intelligence) Notification No. 40/2019-Customs (N.T./CAA/EXTENSION/DRI) New Delhi, the 29th August, 2019 S.O. 3161(E).— In exercise of powers conferred upon by first proviso to section 28(9) of the […]

Notification No. 39/2019-Customs (N.T./CAA/DRI), Dated: 29.08.2019

August 29, 2019 816 Views 0 comment Print

Vide Notification No. 39/2019-Customs (N.T./CAA/DRI), Dated: 29.08.2019 Director General, Revenue Intelligence  appoints Common Adjudicating Authority appointed under Customs Act, 1962 Government of India Ministry of Finance (Department of Revenue) Central Board of Indirect Taxes and Customs Directorate of Revenue Intelligence Notification No. 39/2019-Customs (N.T./CAA/DRI) New Delhi, dated the 29th August, 2019 S.O. 3160(E). – In pursuance […]

Time limit to claim ITC of FY 2018-19

August 29, 2019 264681 Views 38 comments Print

One month time left out to reconcile books of account of F.Y. 2018-19 to ensure that maximum Input Tax Credit (ITC) is claimed. As per the provision u/s 16(4) of CGST Act, 2017, a taxpayer can take input tax credit in respect of any invoice or debit note for supply of goods or services or […]

GST Audit Questionnaire – Part 1

August 29, 2019 5892 Views 0 comment Print

Again, the due date for filing of GSTR 9 & 9C extended to 30th Nov. 2019 for FY 2017-18.  Meanwhile, for review of GST compliances and all, we draft a GST Audit Questionnaire which will publish in 3 Parts. Now, we are publishing the Part-1 of GST Audit Questionnaire. Hope, this may helpful for conducting […]

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