I am today dealing with the issue of High Sea Sales under the GST scenario, which is not only complicated but is also important. In the pre-GST regime, transactions of ‘High Sea Sales’ are considered under Section 5 (2) of the CST Act, 1956 and were not treated either as intra or inter State sales, […]
No. RT-11036/56/2019-MVL Government of India Ministry of Road Transport and Highways Transport Bhawan,1, Parliament Street, New Delhi-110001. The 21st October, 2020 To 1. The Principal Secretaries/ Secretaries, Departments of Transport of all the States / UTs 2. The Transport Commissioners of all the States/UTs. Subject: Replacement of High Security Registration Plates in case of damage. […]
As per instructions issued by the Central Board of Direct Taxes (CBDT), it is mandatory for deductors to file TDS/TCS statements with a threshold limit of Permanent Account Number (PAN) of deductees. To facilitate deductors who face problem in filing TDS returns because of insufficiency of PAN of the deductees and also to accommodate the deductees who have intimated their PAN, the Income Tax Department (ITD) has specified the following procedure for filing TDS/TCS returns
Q1. Whether notice is required to be issued to the assessee before initiating survey? No, the section does not require prior notice of the survey to be given to the affected person – N.K. Mohnot v. Dy. CIT [1995] 215 ITR 275/83 Taxman 238 (Mad.). Q2. Which are the authorities empowered to conduct a survey? Section 133A of the Income-tax Act, 1961 empowers the following income-tax authorities to conduct a survey:— (a) Commissioner of Income-tax, (b) Joint Commissioner of Income-tax,
Taxpayers can take advantage of the decision of the Mumbai Bench of the Income-Tax Appellate Tribunal. The tribunal, in a recent order, held that a taxpayers need not pay interest, if the assessment order does not clearly mention the quantum of interest.
What are the accounts and records to be maintained by registered person? As per section 35 of CGST Act 2017, Every registered person shall keep and maintain following records at his principal place of business, as mentioned in registration certificate of the registered person :- A. Inward and outward supply of goods or services or […]
Sale of Micafunign Sodium by the DTA unit of Appellant is covered under Serial No. 114 of Entry No. 180 of Rate Notification No 01/2017 CT (R) and therefore, is leviable to GST at the rate of 5%’.
To declare and file claim of ITC prior to registration/ on withdrawal from composition scheme/ on exempt supply of goods/ services becoming taxable on the GST Portal, perform the following steps
Article contains FAQs and Manual on GST TDS and TCS Credit Received. It explains TDS and TCS Credit Received comprises of which tables, Who needs to file TDS and TCS Credit Received, Is it mandatory to file TDS and TCS Credit Received for every tax period, From where can I as a taxpayer file TDS […]
After submitting the GSTR-3B return, I was trying to make payment of the tax and was trying to offset my liability from the Electronic Cash Ledger; however I faced error. On what basis can I utilize the balance in Electronic Cash ledger?
