SECTION 9 OF THE ANDHRA PRADESH GOODS AND SERVICES TAX ACT, 2017 – LEVY AND COLLECTION OF TAX – SGST RATE SCHEDULE NOTIFIED UNDER SECTION 9(1) – CORRIGENDUM TO NOTIFICATION NO. G.O.MS.NO. 258, DATED 29-6-2017 NOTIFICATION G.O.MS.NO. 376, DATED 18-8-2017 In the notification issued by the Government of Andhra Pradesh in G.O.Ms.No.258, Revenue (Commercial Taxes-II) Department, dated… Read More »
ANDHRA PRADESH GOODS AND SERVICES TAX (FOURTH AMENDMENT) RULES, 2017 – AMENDMENT IN RULES 24, 44, 46, 61, 83, 89, FORM GST TRAN-1 AND FORM GST TRAN-2 AND SUBSTITUTION OF RULE 34 NOTIFICATION G.O.Ms.NO. 375, DATED 18-8-2017 In exercise of the powers conferred by section 164 of the Andhra Pradesh Goods and Services Tax Act, 2017… Read More »
SECTION 39, READ WITH SECTIONS 37 AND 38, OF THE ANDHRA PRADESH GST ACT, 2017 AND RULE 61 OF THE ANDHRA PRADESH GST RULES, 2017 – RETURNS – FURNISHING OF – FILING OF FORM NO. GSTR-3B NOTIFICATION NO. CCW/GST/74/2015 [MEMO NO.REV-35033/30/2017/CT-II], DATED 18-8-2017 AS AMENDED BY NOTIFICATION NO. CCW/GST/74/2015 [MEMO NO.REV-35033/31/2017/CT-II], DATED 23-8-2017 In exercise of the… Read More »
Suggestions on GST Acts (July 2017) by Institute of Chartered Accountants of India 4. Treatment of Cancellation of bookings under construction Section 34 of the CGST Act, 2017 provides that where a tax invoice has been issued for supply of any goods or services or both and the taxable value or tax charged in… Read More »
Suggestions on GST Acts (July 2017) by Institute of Chartered Accountants of India 3. Availment of credit of input tax on Work-in-Progress Section 18(1) of CGST Act, 2017 provides that Subject to such conditions and restrictions as may be prescribed- (a) A person who has applied for registration under the Act within thirty days from… Read More »
Suggestions on GST Acts (July 2017) by Institute of Chartered Accountants of India 2. Availability of ITC in case of works contract services Section 17(5)(c) of the CGST Act, 2017 provides that notwithstanding anything contained in sub-section (1) of section 16 and subsection (1) of section 18, input tax credit shall not be available in… Read More »
Suggestions on GST Acts (July 2017) by Institute of Chartered Accountants of India Suggestions on Construction Sector 1. Taxability of Construction portion completed prior to Sale Entry 5(b) of Schedule II read with Section 7 of CGST Act, 2017 provides that construction of a complex, building, civil structure or a part thereof, including a complex… Read More »
Suggestions on GST Acts (July 2017) by Institute of Chartered Accountants of India 52. Nature of Supply under IGST – Correct nomenclature to be used Section 7(1) & (2) of the IGST Act, 2017 provides that subject to the provisions of section 10, supply of goods, where the location of the supplier and the place of… Read More »
NHAI launches mobile App MyFASTag and FASTag Partner Apps will facilitate the availability of FASTags for Electronic Toll Collection National Highways Authority of India launched two mobile Apps – MyFASTag and FASTag Partner in New Delhi today, to facilitate the availability of FASTags for Electronic Toll Collection. Speaking on the occasion the NHAI Chairman Shri… Read More »
Exchange Rate of Foreign Currency Relating To Imported and Export Goods Notified In exercise of the powers conferred by Section 14 of the Customs Act, 1962 (52 of 1962), and in supersession of the notification of the Central Board of Excise and Customs(CBEC) No.75/2017-CUSTOMS (N.T.), dated 3rd August, 2017, except as respects things done or omitted to be done… Read More »