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After sale support services cannot be treated as composite supply: AAR

September 19, 2018 2583 Views 0 comment Print

In re Toshniwal Brothers (SR) Private Limited (GST AAR Karnataka) a) Whether pure and mere promotion and marketing services will be “intermediary services” for the purposes of section 12 of the Integrated Goods and Services Tax Act, 2017 for determining the place of supply of such services? The contract of services supplied are not pure […]

AAR related to GST on eating joint / mess / canteen withdrawn

September 19, 2018 1332 Views 0 comment Print

In re Compass Group (India) Support Services Private Limited (GST AAR Karnataka) The Applicant vide their letter dated 10.08.2018 requested to permit them to withdraw the advance ruling application, filed by them on 20.04.2018, stating the reason that all the transactions of the applicant, that were subject matter of the questions raised in the advance […]

Tile adhesive and joint filler are taxable @ 18% GST

September 19, 2018 7029 Views 0 comment Print

The tile adhesive and joint filler manufactured by mixing natural products like silica sand, dolomite powder, cement and chemicals come under the category of ‘prepared binder’ specified under HSN 3824 which is taxable @18% GST.

Transitional ITC not eligible on Computers, laptops etc. : AAR

September 19, 2018 2004 Views 0 comment Print

The applicant is engaged in providing various retail financial services like stock broking, share broking, marketing of initial public offering of companies and mutual funds, corporate advisory services etc. which were not taxable under VAT Law. Based on the transitional provisions

GST Small business exemption eligible to co-owners separately in case of jointly owned property

September 19, 2018 6345 Views 2 comments Print

In re Elambrancheri Khaldoon (GST AAR Kerala) i) Small business exemption provided u/s 22 of GST Act is eligible to co-owners separately in the case of jointly owned property, where the rent is collected together but divided equally and transferred to the respective co-owners. ii) Engaging a co-owner to collect and distributing rent among all […]

10 FAQs on Goods & Services Tax (GST ) for Company Secretaries

September 19, 2018 12618 Views 1 comment Print

Q.1  What are the opportunities available for Company Secretaries under Goods and Services Tax regime? Ans. Under Goods and Services Tax, a Company Secretary has the following opportunities: To act as a GST Practitioner Pursuant to Section 48 of CGST Act, 2017 read with Rule 83 of Central Goods and Services Tax Rules, 2017 (CGST […]

Special Economic Zones (Amendment) Rules, 2018

September 19, 2018 27954 Views 0 comment Print

(1) These rules may be called the Special Economic Zones (Amendment) Rules, 2018. (2) They shall come into force on the date of their publication in the Official Gazette.

Extend due date of AGM and Annual E-forms for Kerala Companies: ICSI

September 19, 2018 2172 Views 0 comment Print

As you are kindly aware, under the provisions of Companies Act 2013, every company is required to hold an Annual General Meeting in each year within a period of six months from the date of closing of financial year, which in majority cases, falls in September, 2018.

The Power Sector: Cable fault!

September 19, 2018 678 Views 0 comment Print

Indias beleaguered power sectors financial problems have been making the headlines of late. On February 12, 2018, the RBI in its revised guidelines for resolution of stressed assets mandated banks to complete insolvency resolution proceedings within 180 days of default, classifying the loan as a special mention account with even a one-day delay in repayment.

Dematerialisation of Securities (Depositories Act, 1996)

September 19, 2018 5670 Views 2 comments Print

CS Rohit Verma As per Ministry of Corporate Affairs new amendment notification dated 10th September 2018 requiring Admission for Unlisted Company for offering the facility of dematerialisation to shareholders. In this regard, we wish to inform you that the Issuer may establish electronic connectivity with registrar and transfer agents (RTA).  Company has to submit the following […]

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