It is also pertinent to note that not only the ITR of Companies, Firms, Business Income, TAR etc. are facing issues but also returns of Individuals, HUF and Executor to the Estate are not being able to be filed due to some reason or the other which is also consuming considerable time and effort of the tax professionals.
CBIC amends Schedule for Drawback on exports of goods wef 01.01.2022 vide Notification No. 108/2021- Customs (N.T.) | Dated: 31st December, 2021. MINISTRY OF FINANCE (Department of Revenue) New Delhi Notification No. 108/2021- Customs (N.T.) | Dated: 31st December, 2021 G.S.R. 929(E). –In exercise of the powers conferred by sub-section (2) of section 75 of […]
Fixation of Tariff Value of Edible Oils, Brass Scrap, Areca Nut, Gold and Silver vide Notification No. 107/2120-CUSTOMS (N.T.) | Dated: 31st December, 2021. MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) New Delhi Notification No. 107/2120-CUSTOMS (N.T.) | Dated: 31st December, 2021. S.O. 5496(E).—In exercise of the powers conferred […]
In re U.R. Rao Satellite Centre (GST AAR Karnataka) Applicant raised the issue of Applicability of GST on Insurance premium paid towards launch services and Applicability of MoF Notification No. 09/2017-Integrated Tax (Rate) dated: 28-06-2017. On hearing AAr observed that we observe that M/s. U.R. Rao Satellite Centre, who have filed the application, is not […]
The issue raised in the instant application and the audit objection raised in the audit report are one and the same i.e., applicability of GST on security deposit. Thus first proviso to Section 98(2) of the CGST Act 2017 is squarely applicable to the instant case, as all the conditions therein are fulfilled.
In re Madhus Tyre Care (GST AAR Karnataka) In this Advance ruling assesse asked Whether the tax invoice proposed to be issued by the assesse satisfies section 31 of GST Act?, Whether the tax invoice proposed to be issued by the assesse satisfies Rule 46 of GST Rules? and Whether the total amount (inclusive of […]
In re Chikkaveeranna Sweet Stall (GST AAR Karnataka) For composition tax payers what is the applicable rate of GST for the manufacturing of sweet and namkins and selling the goods over the counter not having any facility of restaurant or hotel or not a part thereof and not giving for human consumption at the place […]
In re Dwarka Prosad Agarwala (GST AAR West Bengal) 1.1 At the outset, we would like to make it clear that the provisions of the Central Goods and Services Tax Act, 2017 (the CGST Act, for short) and the West Bengal Goods and Services Tax Act, 2017 (the WBGST Act, for short) have the same […]
In the instant case, value of supply shall be the consideration in money and shall also include all the components towards non-cash consideration, as discussed. This composite supply of services by way of milling of food grains into flour (atta) to Food & Supplies Department, Govt. of West Bengal for distribution of such flour under Public Distribution System is eligible for exemption under entry serial no. 3A of the notification No. 12/2017- CT (R) dated 28.06.2017 only when the value of goods involved in such composite supply does not exceed 25% of the value of supply.
Depositories (Procedure for Holding Inquiry and Imposing Penalties) (Amendment) Rules, 2021 shall come into force on the date of their publication in the Official Gazette.
