Article Analysis Recent amendments in CGST Rule 3A, Rule 7, Rule 24 (4), Rule 20, Rule 31A, Rule 43 (2), Rule 54 (1A), Rule 55 A, Rule 89 (4A), Rule 89 (4B), Rule 96 and Recent CGST Notifications issued on 23rd and 25th January 2018. CGST Rule Existing Provision Amended Provision Rule 3A shall furnish […]
Para 5.2 (h) of FDI Policy is replaced with the following: Wherever the foreign investor wishes to specify a particular auditor/audit firm having international network for the Indian investee company, then audit of such investee companies should be carried out as joint audit wherein one of the auditors should not be part of the same network.
25th GST Council meeting was held at New Delhi on 18.01.2018 under the chairman ship of Shri Arun Jetley, the Honorable Finance Minister. Discussions relating to-
Nationwide E-Way Bill system for Inter-State movement of goods under GST Regime 1 st of February, 2018, notified as the date of coming into force of E-Way Bill Rules vide Notification No. 74/2017-Central Tax dated 29.12.2017 The E-Way Bill Rules 138 & 138A notified, vide Notfn No. 27/2017-Central Tax dated 30.08.2017, will now come into […]
Uninterrupted and seamless chain of input tax credit (ITC) is one of the key features of Goods and Services Tax (GST). Input Tax Credit is a mechanism to avoid cascading of taxes. Cascading of taxes, in simple language, is ‘tax on tax’. Under the present system of taxation, credit of taxes being levied by Central […]
Registration of Job worker :The job worker would be required to obtain registration as per GST Provisions if his turnover exceeds prescribed threshold limit.
