UTGST

TDS under GST

Goods and Services Tax - The concept of TDS has been incorporated under GST with the intent to bring high value transactions under control. Although, GST has no effect on tax revenue of Government,the underlying aim is to enhance the control and prevent tax evasion.The provisions regarding TDS are goverened by section 51 of the CGST Act,2017....

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Recommendations of 28th GST Council Meeting- Whats good & whats not

Goods and Services Tax - The major recommendations are as detailed below:- 1. Composition dealers:- Upper limit of turnover for opting for GST composition scheme to be raised from Rs. 1 crore to Rs. 1.5 crore. Present limit of turnover can now be raised on the recommendations of the Council. > Composition dealers to be allowed to supply services (other than [...

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28th GST council meeting- Recommendations and it’s impact in business

Goods and Services Tax - The GST Council in its 28th meeting held on 21st July has recommended certain amendments in the CGST Act, 2017, IGST Act, 2017, UTGST Act 2017, and GST (Compensation to States) Act, 2017. A quick glance of certain important recommendations and its impact to most of the common stakeholders. Recommendation Upper limit of turnover for [&hell...

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Reverse Charge u/s 9(4) of CGST act applicability extended !

Goods and Services Tax - The awaited applicability of section 9(4) of CGST Act, section 5(4) of IGST Act & Section 7(4) of UTGST Act which was exempted earlier till 30.06.2018 has been now further extended again via  notification  given below till 30.09.2018. The exemption contained in this notification shall apply to all registered persons till the 30th da...

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Way Ahead to Transitional Credit under GST

Goods and Services Tax - CGST/SGST/UGST Act have detailed provisions regarding the Transitional Credit available to the dealer to ease the Transition to GST. Sec. 139 to Sec. 142 of CGST Act along with Rule 117 to 121 of CGST rules have detailed provisions regarding transition...

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CBEC issues 28 GST Tax Rate Notifications on 25.01.2018

Goods and Services Tax - CBEC has issued  9 UTGST Tax Rate Notification, 10 Integrated Tax (Rate) Notification and 9 Central Tax (Rate) Notifications which in total amount to 27 Notifications to give effect to Changes in GST Rate and its related Provisions as recommended by 25th GST Council Meeting on 18.01.2018. List of Such notifications is as follows :- [&hel...

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Updated Consolidated notification pertaining to CGST/IGST/UTGST rates on services

Goods and Services Tax - Consolidated notification pertaining to CGST rates on services as amended upto 14.11.2017. Title Notification No. Date Notification No. 17/2017-Central Tax (Rate) updated till 14th Nov, 2017 Notification No. 17/2017-Central Tax (Rate) updated till 14.11.2017 28/06/2017 Notification No. 16/2017-Central Tax (Rate) updated till 14th Nov, 201...

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GST: Time to opt Composition scheme & to apply registration cancellation extended

Goods and Services Tax - Taxpayers who were provisionally migrated by virtue of being registered under the existing laws, but who are no longer required to be registered under GST, the period of applying for cancellation of registration is being extended up to 30th September, 2017. ...

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GST regime is not tax friendly & GST Website must provide easy access to Taxpayer: Bombay HC

Abicor and Binzel Technoweld Pvt. Ltd. V/s Union of India and Anr. (Bombay High Court) - A tax like Goods and Services Tax was highly publicised and termed as popular. We had yet not seen a celebration of New Tax regime, but that has followed with great hue and cry. These celebrations mean nothing. The special sessions of Parliament or special or extraordinary meetings of Council would ...

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GST on legal services lacks clarity and creating doubts: Delhi HC

J K Mittal & Company Vs. Union Of India & Ors. (Delhi High Court) - In this case Delhi High Court held that as of date there is no clarity on whether all legal services (not restricted to representational services) provided by legal practitioners and firms would be governed by the reverse charge mechanism. ...

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UTGST: Reverse charge mechanism u/s 7(4) suspended till 30.09.2018

Notification No.12/2018 –Union Territory Tax (Rate) - (29/06/2018) - Seeks to exempt payment of tax under section 7(4) of the UTGST Act, 2017 till 30.09.2018 vide Notification No.12/2018 –Union Territory Tax (Rate) dated 29th June, 2018...

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UTGST on Priority Sector Lending Certificate under Reverse Charge Mechanism

Notification No. 11/2018- Union Territory Tax (Rate) - (28/05/2018) - CBEC notifies levy of GST on Priority Sector Lending Certificate (PSLC) under Reverse Charge Mechanism (RCM) vide Notification No. 11/2018- Union Territory Tax (Rate)   dated 28th May 2018 by amending notification No. 04/2017- Union Territory Tax (Rate) dated 28.06.2017 GOVERNMENT OF INDIA MINISTR...

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Lakshadweep UT to roll out intra-state e-way bill WEF 25th May 2018

Notification No. 11/2018-Union Territory Tax - (21/05/2018) - e-way bill shall be required to be generated where movement of goods commences and terminates within Union Territory (UT) of Lakshadweep WEF 25th May 2018...

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Andaman and Nicobar Islands to roll out intra-state e-way bill WEF 25.05.2018

Notification No. 10/2018-Union Territory Tax - (21/05/2018) - e-way bill shall be required to be generated where movement of goods commences and terminates within Union Territory (UT) of Andaman and Nicobar Islands WEF 25th May 2018...

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Daman and Diu UT to roll out intra-state e-way bill WEF 25th May 2018

Notification No. 9/2018-Union Territory Tax - (18/05/2018) - e-way bill shall be required to be generated where movement of goods commences and terminates within Union Territory of Daman and Diu WEF 25th May 2018...

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Recent Posts in "UTGST"

TDS under GST

The concept of TDS has been incorporated under GST with the intent to bring high value transactions under control. Although, GST has no effect on tax revenue of Government,the underlying aim is to enhance the control and prevent tax evasion.The provisions regarding TDS are goverened by section 51 of the CGST Act,2017....

Read More

Recommendations of 28th GST Council Meeting- Whats good & whats not

The major recommendations are as detailed below:- 1. Composition dealers:- Upper limit of turnover for opting for GST composition scheme to be raised from Rs. 1 crore to Rs. 1.5 crore. Present limit of turnover can now be raised on the recommendations of the Council. > Composition dealers to be allowed to supply services (other than [...

Read More

28th GST council meeting- Recommendations and it’s impact in business

The GST Council in its 28th meeting held on 21st July has recommended certain amendments in the CGST Act, 2017, IGST Act, 2017, UTGST Act 2017, and GST (Compensation to States) Act, 2017. A quick glance of certain important recommendations and its impact to most of the common stakeholders. Recommendation Upper limit of turnover for [&hell...

Read More

Reverse Charge u/s 9(4) of CGST act applicability extended !

The awaited applicability of section 9(4) of CGST Act, section 5(4) of IGST Act & Section 7(4) of UTGST Act which was exempted earlier till 30.06.2018 has been now further extended again via  notification  given below till 30.09.2018. The exemption contained in this notification shall apply to all registered persons till the 30th da...

Read More

UTGST: Reverse charge mechanism u/s 7(4) suspended till 30.09.2018

Notification No.12/2018 –Union Territory Tax (Rate) (29/06/2018)

Seeks to exempt payment of tax under section 7(4) of the UTGST Act, 2017 till 30.09.2018 vide Notification No.12/2018 –Union Territory Tax (Rate) dated 29th June, 2018...

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UTGST on Priority Sector Lending Certificate under Reverse Charge Mechanism

Notification No. 11/2018- Union Territory Tax (Rate) (28/05/2018)

CBEC notifies levy of GST on Priority Sector Lending Certificate (PSLC) under Reverse Charge Mechanism (RCM) vide Notification No. 11/2018- Union Territory Tax (Rate)   dated 28th May 2018 by amending notification No. 04/2017- Union Territory Tax (Rate) dated 28.06.2017 GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of Revenue) Not...

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Lakshadweep UT to roll out intra-state e-way bill WEF 25th May 2018

Notification No. 11/2018-Union Territory Tax (21/05/2018)

e-way bill shall be required to be generated where movement of goods commences and terminates within Union Territory (UT) of Lakshadweep WEF 25th May 2018...

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Andaman and Nicobar Islands to roll out intra-state e-way bill WEF 25.05.2018

Notification No. 10/2018-Union Territory Tax (21/05/2018)

e-way bill shall be required to be generated where movement of goods commences and terminates within Union Territory (UT) of Andaman and Nicobar Islands WEF 25th May 2018...

Read More

Daman and Diu UT to roll out intra-state e-way bill WEF 25th May 2018

Notification No. 9/2018-Union Territory Tax (18/05/2018)

e-way bill shall be required to be generated where movement of goods commences and terminates within Union Territory of Daman and Diu WEF 25th May 2018...

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Dadra and Nagar Haveli UT to roll out intra-state e-way bill WEF 25th May 2018

Notification No. 8/2018-Union Territory Tax (18/05/2018)

e-way bill shall be required to be generated where movement of goods commences and terminates within Union Territory of Dadra and Nagar Haveli WEF 25th May 2018...

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