Monthly Archives: May 2018

Tower erection work Contract is composite supply , GST on entire value : AAR

By | May 15, 2018

The applicant supplies works contract service, of which freight and transportation is merely a component and not a separate and independent identity, and GST is to be paid at 18% on the entire value of the composite supply, including supply of materials, freight and transportation, erection, commissioning etc. AUTHORITY FOR ADVANCE RULINGS, WEST BENGAL EMC… Read More »

Gift received by individual from his HUF not exempt under Income Tax : ITAT

By | May 15, 2018

HUF does not come under specified category of relative under section 56(2)(vii), Explanation (e); therefore, money received by an individual from HUF as gift would not considered as valid gift IN THE ITAT AHMEDABAD BENCH ‘D’ Gyanchand M. Bardia v. Income Tax Officer, Ward 1(2)(2), Ahmedabad S.S. GODARA, JUDICIAL MEMBER AND AMARJIT SINGH, ACCOUNTANT MEMBER IT… Read More »

Roll out of e-Way Bill in Assam & Rajasthan for intra-State movement of goods : Press Release

By | May 14, 2018

Ministry of Finance Roll out of e-Way Bill system for intra-State movement of goods in the States of Assam & Rajasthan Posted On: 14 MAY 2018 6:49PM by PIB Delhi As per the decision of the GST Council, e-Way Bill system for inter-State movement of goods has been rolled out from 01st April, 2018. As on… Read More »

Notification No 22 /2018  Central Tax : waive the late fee for FORM GSTR-3B if TRAN 1 submitted but not filed

By | May 14, 2018

Notification No 22 /2018  Central Tax Seeks to waive the late fee for FORM GSTR-3 from October, 2017 to April, 2018 if TRAN 1 submitted but not filed B vide  Notification No. 22 /2018 – Central Tax  Dated  the 14th May, 2018 [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section… Read More »

Bill of Entry Electronic Declaration and Paperless Processing

By | May 14, 2018

Bill of Entry Electronic Integrated Declaration and Paperless Processing Regulations 2018 for import of goods where Customs Electronic Data Interchange System is in operation MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF INDIRECT TAXES AND CUSTOMS) NOTIFICATION No. 36/2018-Customs (N.T.) New Delhi, the 11th May, 2018 G.S.R. 447(E).—ln exercise of the powers conferred by section… Read More »

Income Tax Slabs

By | May 13, 2018

Income Tax Slabs Here are the Income tax Slab Rates Income Tax Slab for FY 2023-24 / AY 2024-25 Income Tax Slab for FY 2022-23 AY 2023-24 Finance Act 2019 : Download Income Tax slabs for FY 2019-20 (AY 2020-21) Income Tax Slabs AY 2019-20 ( FY 2018-19 ) Income Tax Slabs  AY 2018-19 (FY… Read More »