Introduction of monetary limit at the level of Commissioner-Appeals-CBIC fixes Rs 2,50,000/- below which appeal shall not be filed with Commissioner (A) F No 390/Misc/116/2017-JC Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs New Delhi 25 May 2018 INSTRUCTION To All Principal Chief Commissioners/ Chief Commissioner of Customs/… Read More »
What is the validity of composition Scheme? Video Tutorial by CA Satbir Singh explaining Validity Period of GST Composition Scheme [ Join GST online course by CA Satbir Singh)] Whether composition scheme has to applied prior to beginning of every Financial year ? [Hindi : Kya purane composition scheme wale ko bhi dubara apply karna hai.?… Read More »
Income Tax on Agriculture Land : Free Study Material Here is the free study material on Income Tax on Agriculture Land Agricultural income Definitions in India Income Tax on sale of agriculture land : Analysis Income Tax Exemption to Capital Gains on Sale of Agriculture Land Judgments No Income Tax Exemption on Sale agriculture land… Read More »
How to Charge GST in case of FOR basis contracts Video Tutorial by CA Satbir Singh explaining how to Charge GST in case of FOR basis contracts Meaning of F.O.R basis freight FOR means Freight on Road. If the freight is paid by the consignor (Supplier) and the goods remain consignor’s (Supplier) property until their delivery is… Read More »
Income Tax Interest : Free Study Material Here is the free study material on Interest under Income Tax Interest for Delay in Payment of TDS/ TCS and Non Payment of Income Tax Demanded [FA 2019] How to calculate Interest on Excess Income Tax Refund wrongly given to Taxpayer [FA 2019] How to Claim Refund of… Read More »
Bill of Supply : Free Study Material Here is the free study material on Bill of supply provisions under GST What is a Bill of Supply? There are specified cases when Bill of supply shall be issued by GST registered person and Tax invoice shall not be issued. If tax invoice is issued then tax… Read More »
‘Why should I pay tax?’ The citizens of India are required to pay Income tax as well as other taxes as per law. 1. Some people raise the question ‘Why should I pay tax? They argue: I have to pay for my food, for my house, for my travel, for my medical treatment, for owning a vehicle… Read More »
GST on Supply from customs bonded warehouse : Free Study Material Here is the free study material on how GST will be levied if supply from Custom Bonded Warehose if made Circular No 3/1/2018 IGST Dated 25th May, 2018 : Applicability of Integrated Goods and Services Tax (integrated tax) on goods supplied while being deposited in a… Read More »
Circular No 3/1/2018 IGST Summary of Circular No 3/1/2018 IGST Applicability of Integrated Goods and Services Tax (integrated tax) on goods supplied while being deposited in a customs bonded warehouse-reg via Circular No 3/1/2018 IGST Dated 25th May, 2018 . This circular rescinded by Circular No 04/01/2019 IGST dated 01.02.2019 : No GST on supply of warehoused… Read More »
New GST News 26.05.2018 [ Join online GST Course by CA Satbir Singh ] Goods couldn’t be seized if eway bill have handwritten second vehicle number :ALLAHABAD HC Goods seized for incomplete Eway bill to be released on furnishing security :ALLAHABAD HC GST Registration issued in Wrong Name : Revenue authorities to make correction :ALLAHABAD… Read More »