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Incidence of Tax is on Supply and not on nature of transport

December 6, 2018 4218 Views 0 comment Print

Kun Motor Co.Pvt. Ltd. Vs The Asst. State Tax Officer (Kerala High Court) In the present case the challenge was to the judgment of the Kerala HC in the case reported in 2018-TIOL-163-Ker-HC. A person from Trivandrum goes to Pondicherry, purchases a car, and entrusts it to the car dealer to transport it to Trivandrum. […]

General Bond (Form B-17) to be executed by the EOUs

December 5, 2018 13101 Views 0 comment Print

CBIC hereby notifies Form B – 17 General Bond (with Surety/Security) to be executed by the Export Oriented Units /Units in the Electronic Hardware Technology Park/Software Technology Park/ Bio-Technology Park vide Notification No. 1/2018-Central Excise (N.T) Dated 5th December, 2018.

GST Advance ruling cannot be given on transaction prior to date of Application for Advance Ruling

December 5, 2018 1737 Views 0 comment Print

In re KEI Industries Limited (GST AAAR Rajasthan) As the question posed by the party is related to the supplies undertaken by him, prior to the date of filing of the Application for Advance Ruling, so no ruling is given on the question . Also Read AAR Ruling- Electric cables cannot be treated as accessories […]

HC allows Deduction U/s. 54 despite Delay in construction

December 5, 2018 2082 Views 0 comment Print

Pr. CIT Vs Dilip Ranjrekar (Karnataka High Court) In the instant case, the investment is made in a new property. The construction was not completed within a period of three years as narrated in section 54 of the Act. The delay was not because of the assessee, but beyond his control, since the construction was […]

External Benchmarking of New Floating Rate Loans by Banks

December 5, 2018 870 Views 0 comment Print

Use of external benchmarks by banks for their floating rate loans instead of the present system of internal benchmarks [Prime Lending Rate (PLR), Benchmark Prime Lending Rate (BPLR), Base rate and Marginal Cost of Funds based Lending Rate (MCLR)].

Jurisdiction of CIT(A) to deal with Black money cases in MP & CG States

December 5, 2018 1299 Views 0 comment Print

Principal Chief Commissioner of Income Tax, M.P. & C.G., hereby direct that the Commissioner of Income-Tax (Appeals), Bhopal-1, having headquarter at tBhopal, shall exercise the powers and perform the functions in respect of  All cases falling within the territorial jurisdiction of Pr CIT / CIT, Bhopal- 1 and 2 and All cases of Black Money […]

HC grants Bail to Accused of Rs. 30 Cr GST Evasion (Illegal Input Tax Credit)

December 5, 2018 1611 Views 0 comment Print

The petitioner is an accused for allegedly committing offence punishable under Sections 132(1)(c) of the Central Goods and Services Act, 2017. There is an allegation against this petitioner that he illegally availed Input Tax Credit. The petitioner is in custody since 23.08.2018. Learned counsel appearing for the respondents opposes the prayer for bail and submits that this petitioner has taken the benefit of about Rs. 30 crores illegally by way of Input Tax Credit.

GSTR-7A (TDS Certificate under GST)- How to Download and FAQs

December 4, 2018 78351 Views 10 comments Print

A. FAQs on Form GSTR-7A- Tax Deduction at Source (TDS) Certificate under GST Q.1 What is Form GSTR-7A? Ans: Form GSTR-7A is a system generated TDS Certificate which is generated once deductor furnishes a return in Form GSTR-7 on the GST Portal and the deductee accepts the details uploaded by deductor and files his return. […]

Taxi aggregators to pay GST on services provided by taxi drivers: AAAR

December 4, 2018 4062 Views 0 comment Print

In re OPTA Cabs Private Limited (GST AAAR Karnataka) The appellate authority for advance ruling upheld the rulings passed under section 98(4) of the GST Act 2017 vide NO. KAR ADRG 14/2018 dated 27/07/2018 ie the services of transportation of passengers supplied through the Appellant’s electronic platform and digital network would be liable to tax […]

Order -Delegation of power under MGST Act, 2017 to State Tax Officers

December 4, 2018 2028 Views 0 comment Print

Commissioner of State Tax, Maharashtra State is hereby pleased to delegate the powers and duties conferred or imposed upon the Commissioner and assign the functions and duties as proper officer, to all the State Tax Officers,

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