The section 51 of the CGST and MGST Act provides that every department or establishment of the Central Government or the State Government or local authority, or Government Agencies to Deduct Tax at Source
The Central Government’s decision on recommendations of the 7th Central Pay Commission (CPC) on Allowances published in Gazette of India yesterday i.e. 6th July, 2017; All allowances are given effect from 1st July 2017; Concerned Ministries advised to issue their Orders on Allowances governed by them immediately so that the revised rates of allowances get reflected in the current month’s Salary Bills of the Government employees
Board has received references regarding the classification of eNodeB which is an LTE equipment used in wireless or cellular networks. A doubt has been expressed whether the said goods are classifiable under CTH 8517 6100 or CTH 8517 6290.
Provisional Ids and Access Token of Phase 7 dealers, are now made available by GSTN Dealer can obtain their Provisional Ids from department’s portal www.mahavat.gov.in, using their login credentials. The list of all such dealers is published under “What’s New” Section on MSTD’s portal. For Phase 7, dealers registered up to 30-06-2017, RC restoration and PAN amendment cases up to 30-06-2017 are considered.
Supply has been elaborated in IGST law whether the supply is interstate supply or Intra- State supply. This is important aspect of GST because if the supply is Intra- State, then CGST and SGST will be attracted otherwise if the supply is Inter State then IGST will be levied.
Where supplier of services is a insurer or a banking company or a FI incl. NBFC or a telecom operator or any other class of supplier of services as may be notified by govt. on recommendation of council making taxable supplies of service between distinct person may issue invoice before or at the time
Permanent Establishment (PE) is the fundamental criterion under the tax treaties for taxation of foreign company’s business income in India. A permanent establishment of a foreign company is typically regarded as a virtual extension or taxable presence of such foreign company in the host country, similar to that of an independent legal entity in such country. A PE of a foreign company is required to maintain books of accounts as per the normal accounting principles in the host country, besides undertaking tax compliances alike an independent legal entity.
Were you aware that in addition to being a radical indirect taxation reform initiative, GST (Goods and Services Tax) is also a shining example of co-operative federalism? Let us see how.
Goods transport agencies (GTAs) are unable to claim the input credit on major of their costs. Keeping this in mind, the GST Council has ,decided that the GST payable at 5% on GTA service will be payable by the service receiver under RCM and the input credit will also be taken only by the service receiver.
The essence now is to promptly address the issues faced by the trade and general public and at the same time update our knowledge base. In this regard I am sure you and your officers and staff must be watching the GST Ki Master Class, as per schedule indicated in my letter dated 5th July, 2017.
