The Finance Act, 2016 introduced provisions relating to Country by Country Report (CbCR) and Master File pursuant to adoption of OECD’s BEPS Action Plan-13 in India. On 31st October 2017, CBDT released the Final Rules with respect to maintenance and furnishing of Master File and CbCR. Summary of Final Forms and Rules for Master-File applicable […]
In re IL & FS Education and Technology Services Ltd. (GST AAAR Maharashtra) The Appellate Authority for Advance Ruling set aside the ruling given by the Advance Ruling Authority by holding that the supply of goods and services by the Appellant to the Director of Education (S & HS) qualifies for exemption in term of […]
1. Use Keywords: Keywords are those words that are important in the provisions of law. These words will help us to remember provisions and also one can make notes from it in exam. e.g. Section 152(1) “where there is no provision made in the articles of a company for the appointment of the first director, […]
Central Board of Indirect Taxes & Customs (CBIC) today clarified that salaries are not subject to GST and no GST has been demanded on salaries paid to CEOs or employees. CBIC said that the media report in this regard alleging that tax authorities want to impose GST on salaries paid to employees is factually incorrect and misrepresents tax authorities.
HC, Madras in the matter of Sutherland Global Services Private Limited v. Assistant Commissioner CGST and Central Excise, has allowed the writ petition challenging the denial of transitional credit of Education Cess (EC), Secondary and Higher Education Cess (SHEC) and Krishi Kalyan Cess (KKC) into GST regime through the TRAN-1 declaration.
The Income Tax Department conducted search action in Mumbai and Surat on 06.11.2019 on entry providers and beneficiaries who have been engaged in execution of civil contracts mainly in Brihanmumbai Municipal Corporation (BMC). A total of 37 premises were covered under search action and 7 premises were covered under survey.
a. various changes in formats of GSTR-9 and 9C to give effect to its applicability for F.Y 2018-19 b. changes in formats of GSTR-9 & 9C to provide substantial relief by making various mandatory fields ‘optional’ for the F.Y 2017-18 and 2018-19
India’s overall exports (Merchandise and Services combined) in April-October 2019-20* are estimated to be USD 310.23 billion, exhibiting a positive growth of 1.51 per cent over the same period last year. Overall imports in April-October 2019-20* are estimated to be USD 359.68 billion, exhibiting a negative growth of 4.61 per cent over the same period last year.
What Is A Trademark? In simple terms Trademark is often referred to as a brand. Trademark means a mark capable of being represented graphically and which is capable of distinguishing the goods or services of one person from those of others in the market and may include the shape of goods, their packaging and combination […]
CBIC has vide Notification 56/2019-Cerntral Tax Dated 14.11.2019 made the amendment in GSTR 9 & GSTR 9C. Various changes took place in such forms. In short, CBIC relaxed some of detailed requirements. A brief of changes are hereby given below: 1. Amendment made in Form GSTR 9: Sr. No. Table Number Existing Amendment 1 4I, […]
