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Note on Transfer of ITC on account of Demerger Reference: Circular No.133/03/2020-GST This article is made to brought some clarity in transaction regarding Transfer of ITC in case of Demerger of a Business Unit as per Section 18(3). Before getting into topic it is important to have a brief of Section 18(3). As per Section […]...
Read MoreArticle explains Place of supply, Place of supply of service where the location of supplier or recipient is outside India and Place of supply of service where location of supplier & recipient in India:- Place of Supply of Goods: Sec Particulars Place of Supply 10(1) Supply of goods within India a) Involves movement of goods […]...
Read MoreCryptocurrency Crypto in India has always been something which is not understood by majority masses. India having one of the largest economy in the world, would always fear something which has a potential to replace the fiat currency primarily because it does not have a know how to curb the wrong practices which can result […]...
Read MoreIt is usual practice for all the exporters of goods / services to receive money in foreign currency. Few exporters would have EEFC (Exchange Earners’ Foreign Currency Account) where they can directly deposit the foreign currency in their account which would be maintained in foreign currency in an Indian Bank. Majority of the exporte...
Read MoreThis article would enlighten you with following aspects: 1. Analysis of term 'Goods Transportation Agency' (GTA) 2. Charge of GST in case of Goods Transportation Agency Services 3. Exemptions for GTA under GST 4. Place of Supply (S. 12 & 13 of IGST Act, 2017) [Special Discussion on Proviso for S. 12(8) of IGST Act]...
Read More40% Discount on Self-Learning Certification Course on GST and Income Tax by TaxGuru Edu Sharpen your skills while in Quarantine. As our country fights the Covid-19 and we are all in a lockdown for 21 days, TaxGuru Edu aims at making your quarantine – a quality time. Through the self-learning courses, we hope to give you a […]...
Read MoreA major part of the Taxpayers would not be having a turnover of Rs. 5 Crore. So if the threshold limit of filling GSTR 9C is increased up to Rs. 5 crores, then a large amount of taxpayers would escape from requirement of certification of business transaction. Lesser number of Taxpayer would imply less collection of tax and hence loss of r...
Read MoreRepresentation on Extension of Due Date For Compliance of all fiscal laws including Income Tax, GST, CBEC, Prohibition of Benami Property Transactions Act, 1988 (PBPT Act) , in view of advisory of the Hon’ble Prime Minister sir to stay inside home...
Read MoreAs per CBIC twitter Handle A fake tweet is circulating regarding extension of date for GST return filing. It also stats that The Government is aware of the challenges faced by public due to COVID-19. Tweet further ask Taxpayers to wait for further communication in this regard. CBIC tweet at one hand is making people […]...
Read MoreIn an investigation led by CGST Meerut team has prima facie revealed issuance of GST invoices of Rs. 1,708 crores from a chain fake firms/companies operating from Delhi, Moradabad and Meerut, involving fraudulent ITC of about Rs 281 crores. The fraud amount may exceed on further probe....
Read MoreSmt. Jecintha Pillaivs Vs State of Telangana (Telangana High Court) - It is apparent that the petitioners are not cooperating with the investigation. The petitioners preferred the present petition on assumptions and presumptions with a view to avoid the statutory proceedings. The nature of financial frauds is complex in nature and requires examining several evidences ...
Read MoreIn re the Deputy Conservator of Forests (GST AAAR Karnataka) - In re the Deputy Conservator of Forests (GST AAAR Karnataka) It is evident that GST Appellate Authority being a creature of the statue is empowered to condone a delay of only a period of 30 days after the expiry of the initial period for filing appeal. As far as the language of Section 100 of [&hell...
Read MoreIn re Tarun Realtors Pvt. Ltd. (GST AAAR Karnataka) - In re Tarun Realtors Pvt. Ltd. (GST AAAR Karnataka) Restriction contained in Section 17(5)(d) is applicable to goods and services received by a taxable person for construction of an immovable property. When goods and services are received by a taxable person for construction of plant or machinery, t...
Read MoreIn re Water Health India Private Limited (GST AAR Karnataka) - In re Water Health India Private Limited (GST AAR Karnataka) Whether supply of purified water to public in empty unsealed cans is exempt under GST law? Supply of purified water whether in sealed container or unsealed container not entitled for GST exemption as the purified water excluded from the Sl...
Read MoreIn re Department Of Printing, Stationery and Publications (GST AAAR Karnataka) - In re Department Of Printing, Stationery and Publications (GST AAR Karnataka) Issuance of No Objection Certificate (NOC) to private persons, for change of name This category covers the questions bearing number 23, 24 & 25, which deals with issuance of No Objection Certificate (NOC) to private pe...
Read MoreNotification No. 03/2020-Central Tax (Rate) - (25/03/2020) - CBIC amends notification No. 1/2017-Central Tax (Rate) to prescribe uniform GST rate of 12% on all matchsticks & 18 % on all telephone sets vide Notification No. 03/2020–Central Tax (Rate) Dated- 25th March, 2020. MINISTRY OF FINANCE (Department of Revenue) Notification No. 03/2020-Central...
Read MoreNotification No. 02/2020–Central Tax (Rate) [G.S.R. 1209(E).] - (25/03/2020) - CBIC amends Notification No. 11/2017-Central Tax (Rate) dt. 28.06.2017 reducing CGST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC vide Notification No. 02/2020–Central Tax (Rate) Dated- 25th March, 2020. MINISTRY OF FINANCE (Department...
Read MoreNotification No. 02/2020–Integrated Tax [G.S.R. 1212(E).] - (25/03/2020) - CBIC amends Notification No. 4/2019-Integrated Tax dt. 30.09.2019 to change the place of supply for B2B MRO services to the location of the recipient vide Notification No. 02/2020–Integrated Tax Dated 25th March, 2020. Ministry of Finance (Department of Revenue) Notification No. 02/2020–Integrat...
Read MoreNotification No. 03/2020-Union territory Tax (Rate) [G.S.R. 218(E)] - (25/03/2020) - Seeks to amend notification No. 1/2017-Union Territory Tax (Rate) to prescribe uniform UTGST rate of 12% on all matchsticks & 18 % on all telephone sets vide Notification No. 03/2020–Union Territory Tax (Rate) dated 25th March, 2020. Ministry of Finance (Department of Revenue) Notification No....
Read MoreNotification No. 03/2020-Union Territory Tax (Rate) [G.S.R. 1211(E).] - (25/03/2020) - CBIC amends Notification No. 11/2017-Union Territory Tax (Rate) dt. 28.06.2017 reducing UTGST rate on Maintenance, Repair and Overhaul (MRO) services in respect of aircraft from 18% to 5% with full ITC vide Notification No. 02/2020–Union Territory Tax (Rate) dated 25th March, 2020 Ministry of Fina...
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Smt. Jecintha Pillaivs Vs State of Telangana (Telangana High Court) -
In re the Deputy Conservator of Forests (GST AAAR Karnataka) -
In re Tarun Realtors Pvt. Ltd. (GST AAAR Karnataka) -
In re Kardex India Storage Solution Pvt. Ltd. (GST AAR Karnataka) -
In re Water Health India Private Limited (GST AAR Karnataka) -
