SGST Dept. – Goods and Service Tax – Action against Return Defaulters – Special Drive for Cancellation of Registration of Return Defaulters -instructions issued- In the interest of revenue, registration of all the return defaulters who had failed to file returns has to be cancelled to ensure that the non-filing of return will not cost the exchequer.
Sh. Vasantbhai Bhikabhai Patel Vs M/s Shree Infra (National Anti-Profiteering Authority) We have carefully considered the Report of the DGAP, the submissions of the Respondent and all the documents placed on record. From the perusal of the DGAP’s Report it is revealed that the ratio of ITC to the taxable turnover during the pre-GST period […]
Product Sanitary Napkin vide Notification No. 19/2018-Central Tax (Rate) dated 26.07.2018, w.e.f 27.07.2018 was exempted and attracted NIL rate of GST. However prior to 27.07.2018 this product attracted 12% GST with the benefit of ITC on the inputs and input services which was denied from 27.07.2018 as the product was exempted from levy of tax.
Haryana State Screening Committee on Anti-profiteering examined the aforesaid application in its meeting held on 20.06.2018 and observed that the burden of tax had reduced in the GST era due to increased availability of input tax credit, which the builder should have passed on to the recipients in terms of Section 171 of the Central Goods and Services Tax Act, 2017.
Central Government notifies IDFC Infrastructure Finance Limited as an infrastructure debt fund for the assessment year 2020-21 and subsequent assessment years vide Notification No. 83/2019-Income Tax dated 21st October, 2019. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) Notification No. 83/2019-Income Tax New Delhi, the 21st October, 2019 S.O. 3771(E).—In exercise of […]
Central Government notifies Core Settlement Guarantee Funds set up by the Multi Commodity Exchange Clearing Corporation Limited (MCXCCL), Mumbai for assessment year 2019-2020 vide Notification No. 82/2019-Income Tax dated 21st October, 2019.
CBDT notifies Corrigendum to Income Tax Notification No. 48/2018 dated 14/09/2018 vide Notification No. 81/2019-Income Tax dated 21st October, 2019.
