Circular No. 179/11/2022-GST -
03/08/2022
F. No. CBIC-190354/172/2022-TRU Government of India Ministry of Finance Department of Revenue (Tax Research Unit) North Block, New Delhi Circular No. 179/11/2022-GST | Dated: 3rd August, 2022 To, Principal Chief Commissioners/ Principal Directors General, Chief Commissioners/ Directors General, Principal Commissioners/ Commissioners of Ce...
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Circular No. 178/10/2022-GST -
03/08/2022
GST applicability on liquidated damages, compensation and penalty arising out of breach of contract or other provisions of law...
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Circular No. 177/09/2022-TRU -
03/08/2022
Rate of GST applicable on supply of ice-cream by ice-cream parlors during the period from 01.07.2017 to 05.10.2021;
Applicability of GST on application fee charged for entrance or the fee charged for issuance of eligibility certificate for admission or for issuance of migration certificate by educational institutions;...
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All Gujarat Federation of Tax Consultants has made a representation related to Withdrawal of GST on Pre-Packaged Labeled food items on 02nd August, 2022. Please find attached herewith the copy of the representation. We thank the Chairman and the Members of the Representation Committee of & Chairman & Members of the Indirect Tax co...
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Income Tax Department conducts searches on Healthcare Provider Groups in Haryana and Delhi-NCR The Income Tax Department carried out search and seizure operations on 27.07.2022 on several groups engaged in the healthcare services by running hospitals. A total of 44 premises were covered during the search action in Delhi-NCR. During the co...
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E-Invoicing for whose turnover exceeds Rs. 10 crore [ Notification No. 17/2022-CT dated 01-08-2022] With effect from 1st October 2022, CBIC has notified that e-invoicing shall be mandatory for all assesses having turnover more than 10 crores in any financial year from 2017-18 to 2021-22. ♦ The aggregate turnover will include the turnove...
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The Depreciation Formula and the useful life is being provided in Schedule II of Companies Act, 2013 to calculate the rate of depreciation as per Companies act. MEANING OF DEPRECIATION – As per Companies Act, 2013 “Depreciation is the systematic allocation of the depreciable amount of an asset over its useful life. The depreciable...
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Proceedings for A.Y 2013-14 & 2014-15 cannot be reopened beyond 4 years even in the light of Apex Court Ashish Agarwal case if original assessments are completed: In cases where Scrutiny assessments were made for A.Y’s 2013-14 and 2014-15 after thorough verification of facts and material on record, subject to the true and full discl...
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APPLICABILITY OF GST ON RENT ♦ The basic definition of outward supply includes rental income in the ambit of supply. Renting of immovable property is specifically considered as a supply of services in the GST regime. ♦ As per the GST Act, the following types of rents are covered under GST: any lease, tenancy, easement, […]...
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A Profession is a disciplined group of individuals who adhere to ethical standards and hold themselves out as and are accepted by the public as possessing special knowledge and skills in a widely recognised body of learning derived from research, education and training at a high level and who are prepared to apply this knowledge […...
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