In re Agarwal Coal Corporation Pvt. Ltd. (GST AAR Madhya Pradesh) Whether the Applicant is liable to discharge tax liability @ 18% on coal handling and distribution charges wherever supply of such services is intended to be made expressly to a customer or will the Applicant be entitled to charge GST at the rate of […]
AAR held that input tax credit of tax paid on Lifts procured and installed in hotel building shall not be available to the applicant as the same is blocked in terms of Section 17(5)(d) of the CGST Act 2017, become an integral part of the building.
Today, most of us get a health insurance plan through our employers. However, individual health insurance is the best way to get insurance coverage if you aren’t eligible for employer-sponsored health insurance plans or if the coverage of your employer’s plan is limited. As per a recent survey, today’s millennial generation has the highest rate of uninsured individuals, […]
Section 8- Tax liability on Composite and Mixed Supply- Today I will discuss provisions of Section 8 of CGST ACT 2017 in very simplified manner- We all know- 1. The tax liability on a composite or a mixed supply shall be determined in the following manner, namely: — (a) a composite supply comprising two or […]
Eligibility to file ITR 4 for A.Y. 2020-21: Individuals, HUFs and Firms (other than LLP) being a resident having: 1. Total Income upto Rs 50 Lakhs 2. PGBP income computed under sections 44AD, 44ADA or 44AE 3. Income from Salary / Pension 4. Income from ONE House Property 5. Income from Other Sources 6. Agricultural […]
When we are writing this article, the world is suffering a ridiculously huge dilemma due to COVID-19 pandemic. Many persons are donating mask, sanitizers, personal protective equipment (PPE), ventilators etc. to the needy people. It is an exceptionally good help to the needy people by giving some essential and required things in this situation. To […]
The service of ‘Transport of passengers by any motor vehicle designed to carry passengers where the cost of fuel is included in the consideration charged from the service recipient’ was liable to tax under the Finance Act, 1994 for the period upto June 2017 and thereafter liable to GST. Notwithstanding, the provisions of law for […]
Find out if you need to file an Income Tax Return for F.Y. 2019-20. Learn about the scenarios where individuals are required to file their ROI.
Harsh Nitin Gokhale Vs Reserve Bank of India & Ors (Supreme Court) In the present case, writ petition file seeking relief to exclude the time period of lockdown for calculating the limitation for presentation of cheque/demand draft within 3 months as per policy decision of RBI. Supreme Court states that they cannot issue any direction […]
CBIC vide Notification No. 44/2020-Central Tax dated 08.06.2020 notifies that GSTR-3B EVC Verification and furnishing of return by SMS are effective from 08.06.2020. Effecting the provisions of Rule 67A for furnishing a nil return in FORM GSTR-3B by SMS has appointed the 8th day of June, 2020, as the date from which Rule 67A (Manner […]
