The most fascinating thing about writing about GST is the fact that you can write anything, well, GST is like that work-in-progress sculpture open for interpretation – you can call it Ganesha, you can call it Durga, you can call it anything till it’s completely sculpted (I’m sorry about the secular eyebrows here!!) Secondly any piece in GST law is worth the article for the same reason mentioned above, and this piece here is about few substantial amendments made recently.
Where AO of searched person had not recorded the reasons and order sheet of AO of assessee though reasons were typed but remained unsigned, notice issued u/s 153C and the assessment order passed by AO was not valid as AO did not comply with the statutory requirement for issue of notice u/s 153C.
(1) There shall be a regular examination in the fifth class and in the eighth class at the end of every academic year. (2) If a child fails in the examination referred to in sub-section (1), he shall be given additional instruction and granted opportunity for re-examination within a period of two months from the date of declaration of the result.
The last date for passing the examination for GST Practitioners to be extended till 12.2019 for those GST Practitioners who have enrolled under rule 83(1)(b) i.e. who were sales tax practitioner or tax return preparer under the existing law for a period of not less than five years.
1. Increase in Turnover Limit for the existing Composition Scheme: The limit of Annual Turnover in the preceding Financial Year for availing Composition Scheme for Goods shall be increased to Rs 1.5 crore. Special category States would decide, within one week, about the Composition Limit in their respective States.
Shri Arun Jaitley introduced A new composition scheme for services sector and for mixed transactions of goods and services with turnover limit of Rs.50 lakhs at 6% GST.
Arun Jaitley approved levy of cess on intra-State supply of Goods and Services within the State of Kerala at a rate not exceeding 1% for a period not exceeding 2 years.
The limit of Annual Turnover in the preceding Financial Year for availing Composition Scheme for Goods shall be increased to Rs 1.5 crore. Special Category States would decide, within one week, about the Composition Limit in their respective States.
Changes made by CGST (Amendment) Act,2018, IGST (Amendment) Act, 2018, UTGST (Amendment) Act, 2018 and GST (Compensation to States) Amendment Act, 2018 along with amendments in CGST Rules, notifications and Circulars issued earlier and the corresponding changes in SGST Acts would be notified w.e.f. 01.02.2019.
The Left affiliated Trade Unions have organised a Bharat Bandh on the 8th & 9th January, 2019. Are there any real issues before them or is it a part of the strategy of the Left political organisations to organise a symbolic unrest to ensure that they are not wiped out from the political map of India.
