Amendments, related to GST refund, made into CGST Rule 2017 by Central Government on the recommendation via Notification No. 15/2021 Dated 18th May, 2021 with the help of FAQ’s. These amendments shall come into the force w.e.f 18th May 2021. 1. As per Section 54(1) of CGST Act, 2017 read with Rule 90(3) of CGST […]
Recently Bombay High Court has delivered its Judgment in the case of ‘Dharmendra M. Jani Vs Union of India and others‘ on Intermediary service under GST. On this issue Views of Both the Judges Justice Ujjal Bhuyan and Justice Abhay Ahuja differed from Each other so they Both given their separate Judgment. This article makes […]
It has always been the Government’s endeavour to widen the tax base and ensure that more and more people file their tax returns in time. A number of steps have been used in the past to achieve this goal. The Finance Act 2021, introduced a new provision Sec 206AB, through which the Government has tried […]
INTRODUCTION A Will is a solemn document by which a dead man entrusts to the living to the carrying out of his wishes. Section 2(h) of Indian Succession Act, 1925 provides that Will means the legal declaration of the intention of a person with respect to his property, which he desires to take effect after […]
Analysis of Circular No.150/06/2021-GST, dated 17th June, 2021 related to GST on annuities paid for construction of road It is to be stated that the above circular is issued on account of certain representations for a clarification regarding applicability of GST on the activity of construction of road where considerations are received in deferred payment […]
Understand the implications of section 206C(1H) & section 194Q of the Income Tax Act 1961. Learn about TCS on sales of goods and its applicability.
Analysis of Clarification Issued on Job Work By Way of Milling of Wheat Into Flour or of Paddy Into Rice. CLARIFICATION ON JOB WORK BY WAY OF MILLING OF WHEAT INTO FLOUR OR OF PADDY INTO RICE Circular No. 153/09/2021-GST, 17th June 2021 Introduction: ♦ Job work activity done by way of milling of wheat into flour […]
Understanding the new amendment under section 206AB of the Income Tax Act. Learn about the format and applicability of this provision for TDS deduction.
Higher TDS / TCS Rates for Non-Fillers – Section 206AB / 206CCA read with 206AA Before going into the details of the subject, let me first clarify that these provisions are applicable to ALL taxpayers who are required to deduct TDS or collect TCS. There is no threshold limit nor bifurcation of small taxpayers, large […]
In light of the recommendations made during the 43rd GST Council Meeting, the Government has issued 7 Circulars on 17th June 2021 providing clarifications on the applicability of GST, GST rate etc on various services. The clarifications are tabulated below for the readers: Circular No Issue Clarification Circular No 149/05/2021-GST dated 17 June 2021 Whether […]
