"11 June 2020" Archive

Clarification on GST Refund – ITC populated in GSTR 2A

Clarification related to processing of GST Refund – Restricted to ITC populated in GSTR 2A The Central Board of Indirect Taxes and Customs (CBIC) had issued Master Circular on Refunds No. 125/44/2019-GST dated 18.11.2019 rescinding all earlier circulars. Recently CBIC has issued Circular No 135/05/2020 – GST dated 31st March, 2020 cla...

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Analysis of 3 recent GST Notifications dated 09.06.2020

Recently, CBIC issued three notification on 09.06.2020 which deals with extension of validity of E-Way Bill, extend the period to pass order u/s 54((7) and extend the date for transition under GST on account of merger of erstwhile Union Territories of Daman and Diu & Dadar and Nagar Haveli. NN 45/2020: The date of transition […...

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Applicability of RCM on Director Remuneration -Version 3

There has been a big controversy regarding the liability of GST on Directors Remuneration under Reverse Charge. Various conflicting Advance Rulings has been issued by Authority for Advance....

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Eligibility of input tax credit | section 17(5) | CGST Act, 2017

1) Executive Summary: As per section 17(5) of CGST Act, 2017, there are certain input services such as health services, life insurance and health insurance, renting or hiring of motor vehicles which are under the blocked category and the service recipient of these services cannot availed and utilised against set-off Output liability. Cons...

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Clarification in respect of levy of GST on Director’s remuneration

Various AAR has been issued on director remuneration under GST. Let us overview of AAR in the case of Clay Craft India Pvt Ltd [RAJ/AAR/2019‐20/33]. The appellant submission which is as under: – > Directors are also working apart from working as Board of Directors in the company at different level like procurement of raw [&hell...

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Section 194M TDS – Certain Payments Individual/HUF

♦ Introduction: Section 194M was introduced for the purpose to cover some specific high value transactions in personal nature under TDS which was previously excluded from TDS. ♦ Scope and meaning of section 194M: 1. Any person being an individual or HUF [other than those who are required to deduct income-tax as per the provisions [&he...

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Is ‘Ignorantia Juris Non Excusat’ a Valid Maxim?

(Can Ignorance of Law be an Excuse ‽) ‘Ignorantia Juris Non Excusat’, just by reading this maxim we immediately understand that one cannot defend himself by pleading his ignorance of the law. But the question, which we intend to discuss here is, is this a valid understanding? If Yes, then in what Context, & If No, then again in w...

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IBBI cancels registration of IP as criminal proceedings were pending against him

NA 11/06/2020

The submissions made by Mr. Lebaka have been examined and it is observed that he has failed to make a required disclosure about the pendency of the criminal proceedings against him before the Hon’ble Court....

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Advisory on fake Email/Websites/Persons (DGFT/GSTN refunds)

Trade Notice No. 14/2020-2021 11/06/2020

Advisory on fake Email Ms/Websites/Persons claiming to be government officer/official responsible for DGFT/GSTN refunds or providing the services for issuance of MC and other services of DGFT...

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GST Implication on Income Received From Blogging

In this article we will try to understand GST implication on the income earned by the bloggers. There are different types of bloggers like Fashion, Food, Travel, Lifestyle, Music, Fitness, Sports Bloggers etc. which derives income from various services provided by them. Bloggers can earn handsome amount of money by their creative writing ...

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November 2022