PROCEDURE OF REVIVAL AND RESTORATION OF STRUCK OFF NAME OF COMPANY VIA NCLT ROUTE OVERVIEW: Over 1.62 lakh companies have not been carrying out business activities for long have been deregistered and a series of action against such shell companies have been taken, said the Minister of Finance, Mr. Arun Jaitely. Registrar of Companies (ROC),… Read More »
We are GTA (Goods Transport Agency) and transport wastes ( free of cost material ) to another state , but there is no seller because goods is free of cost , but in e-way bill we need to fill up seller detail . How to generate E way bill in this case . Notification No… Read More »
GST News 17.01.2018 by CA Satbir Singh 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 Release GST… Read More »
Whether the records are to be maintained physically or in electronic form under GST ? The records need to be maintained physically. In case they are maintained in electronic form, then they must conform to such procedures as may be prescribed Rule 57 of CGST Rules 2017 : Generation and maintenance of electronic records (1)… Read More »
In case, more than one place of business is specified in the certificate of registration, can the assessee choose to maintain records at a single place for all the places within that State? Section 35 of CGST Act 2017 : Accounts and other records . ….. Provided that where more than one place of business is specified… Read More »
Is tax invoice required to be raised for advance payments received for goods or services under GST? Section 31(3) of CGST Act 2017 : ……. (d) a registered person shall, on receipt of advance payment with respect to any supply of goods or services or both, issue a receipt voucher or any other document, containing such… Read More »
A company incorporated outside India purchases goods of Rs 21 Lakh from a manufacturer in India and instructs that the goods be deposited with a warehouse-keeper in India. And then after some time, supplies the goods from the warehouse to a customer also within India. What should be the Place of business in GST Registration… Read More »
Ready Made Garment Trading Company offer 25% discounts for procurements made by employees. Cost of Ready Made Garment is Rs 100 . GST is to be levied on Rs 75 or on Rs 100 ? Value of supply of goods or services or both between distinct or related persons, other than through an agent Rule… Read More »
Is there any GST on Transfer of Laptop at concessional rate to employee for his personal use? The employer will have to pay taxes on the value of such assets irrespective of whether the credit is availed on such assets or not since this transaction will get covered under Sl No 2 of Schedule I… Read More »
What are the basic requirements to be observed during Search operations under GST? Ans. The following principles should be observed during Search: No search of premises should be carried out without a valid search warrant issued by the proper officer. There should invariably be a lady officer accompanying the search team to residence. The officers… Read More »