Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 25. Double taxation on supply made by composition dealer Section 17(5) of CGST Act 2017 provides that input tax credit shall not be available in respect of goods or services or both on which tax has been paid under section 10.… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 24. Ineligibility to opt for Composition Scheme if assessee has interstate purchased stock Rule 5 of CGST Rules, 2017 provides that the person exercising the option to pay tax under section 10 shall comply with the following conditions, namely: a) he… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 23. Restriction from making supplies through an e-commerce operator for opting composition scheme Section 10 of CGST Act, 2017 provides that the person exercising the option to pay tax under composition scheme shall comply with certain conditions and one of the… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 22. Eligibility for Composition Scheme to dealers when they are receiving Interest Income. Section 10(2)(a) of CGST Act, 2017 provides that the registered person shall be eligible to opt under sub-section (1), if he is not engaged in the supply of services… Read More »
Aadhaar mandatory for KVP, NSC, PPF and all other post office deposits [To be published in the Gazette of India, Extraordinary, Part II, Section 1, Sub Section (i) Government of India Ministry of Finance Department of Economic Affairs New Delhi, 29th September, 2017 NOTIFICATION G.S.R.. (E).- In exercise of the powers conferred by section 12… Read More »
EPFO FAQs on Inspection Policy of Establishments No CAIU/RTI/17/2017/13502 Dated 05.10.2017 The EPFO has released a set of FAQs which clarifies the Inspection Policy of the EPFO. It explains about the relevant regulations, exempted establishment, different types of inspection (mandatory/ optional), establishments selection procedure, frequency of inspections, report and action thereon, etc. Download
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 21. Availability of Composition Levy Section 10 of the CGST Act provides that benefit of Composition Scheme would be available to a registered taxable person, a registered person, whose aggregate turnover in the preceding financial year did not exceed fifty lakh rupees,… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 20 Availability of Composition Scheme to various assessees Section 10 of the CGST Act, 2017 provides for Composition Scheme availability to registered persons whose aggregate turnover in the preceding financial year did not exceed Rs. 75 lakhs. Issue The benefit of composition… Read More »
Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 19. Per Day Limit of Purchase from Unregistered Dealer` Central Government vide Notification No. 08/2017-Central Tax (Rate), dt. 28-06-2017 has w.e.f 1st July 2017 exempted supplies of goods or service or both received by a registered person from any or all such… Read More »
GST News 05.10.2017 by TaxHeal Related GST Video Tutorials Related Topic on GST Topic Click Link GST Acts Central GST Act and States GST Acts GST Rules GST Rules GST Forms GST Forms GST Rates GST Rates GST Notifications GST Act Notifications GST Circulars GST Circulars GST Judgments GST Judgments GST Press Release GST Press… Read More »