Daily Archives: June 4, 2018

GST Settlement of Funds (Second Amendment) Rules 2018 : Notification

By | June 4, 2018

GST Settlement of Funds (Second Amendment) Rules 2018 Govt. has notified the GST Settlement of Funds (Second Amendment) Rules, 2018 wherein Rule 11(3) has been substituted in which collected IGST (which has not been settled so far) will be adjusted in subsequent months, based on the returns filed by taxpayers. MINISTRY OF FINANCE (Department of… Read More »

TCS under Income Tax : Free Study Material

By | June 4, 2018

Income Tax Collection at Source (TCS) : Free Study Material TCS Rates for FY 2018-19 (AY 2019-20) TCS-Section 206C ; Complete Guide Section 206C(1F) TCS on Sale of motor Vehicle above Rs 10 Lakh w.e.f 01.06.2016 No TCS on Cash Sale of Goods or Services or Jewellery w.e.f 01.04.2017 Section 206C Seller Need not take… Read More »

TCS Rates for FY 2018-19 (AY 2019-20)

By | June 4, 2018

TCS Rates for FY 2018-19 (AY 2019-20) RATES FOR TAX COLLECTION AT SOURCE Notes on TCS Rates for FY 2018-19 (AY 2019-20) :- During the financial year 2018-19, tax shall be collected under section 206C of Income Tax Act at the rates given in the table (infra). If PAN of collectee is not intimated to the collector, tax will… Read More »

Goods couldn’t be seized if Part-B of e-way bill not filled : HC

By | June 4, 2018

Counsel for the petitioner has submitted that in view of the decision taken by the Government that if the goods are transported within a distance of 50 km in the case of intra-state transaction, there is no requirement to fill up ‘Part B’. Notification no.12 of 2018 dated 07-03-2018 craves out an exception and provides… Read More »

Can Stock brokers take GST registration for separate Business Verticals : CBIC Clarify

By | June 4, 2018

Stock brokers provide many other  services like Depository Participant Services / Portfolio Management Services, etc. Do they require registration as separate Business Verticals? Section 2(18) of the CGST Act, 2017 defines “business vertical” to mean “a  distinguishable component of an enterprise that is engaged in the supply of individual goods or services or a group of related goods… Read More »

Category: GST