Income Tax Appeal to ITAT :Form 35 and 36A to be Revised : CBDT Issued Draft Notification The Central Board of Direct Taxes (CBDT) has issued draft notification for modifying Form no. 35 & Form no. 36A. New Forms required more informative and also to capture information regarding amount disputed in pending appeals before ITAT.… Read More »
New GST News and Notification 13.06.2018 [ Join online GST Course by CA Satbir Singh ] New GST Notifications Notification No 27/2018 Central Tax Dated 13.06.2018 :List of Seized Goods to be disposed by proper officer Notification No 26/2018 Central Tax Dated 13.06.2018 : CGST (Fifth Amendment) Rules 2018. GST Updated Notifications Notification No 25/2018… Read More »
No need to Reverse Input Tax Credit for non payment if recipient Supplied Material to Supplier Summary Section 16 of CGST Act 2017 deals with Eligibility and condition for taking input tax credit. …… second proviso to sub-section (2) of section 16 says :- Provided further that where a recipient fails to pay to the supplier of… Read More »
No E-way bill is required if empty LPG cylinders are being moved for reasons other than supply Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English) explaining when E-way bill is not required if empty LPG cylinders are being moved for reasons other than supply Summary :No Eway bill is required for… Read More »
which GST practitioner enrollment is valid for 18 Months Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English) explaining GST practitioner enrollment Validity period Rule 83 of CGST Rules deals with Provisions relating to a goods and services tax practitioner Rule 83 (1) CGST Rules says (1) An application in FORM GST PCT-01… Read More »
Rule 89(5) GST Refund Formula Changed w.e.f 01.07.2017 Rule 95 of CGST Rules 2017 explain Refund of tax to certain persons i.e Any person eligible to claim refund of tax paid by him on his inward supplies as per notification issued under section 55 of CGST Act 2017 Rule 95 (3) of CGST Rules 2017 says (3)… Read More »
Rule 89(5) GST Refund Formula Changed w.e.f 01.07.2017 Rule 89 of CGST Rules 2017 explain Application for refund of tax, interest, penalty, fees or any other amount As per Notification No 26/2018 Central Tax Dated 13.06.2018 : CGST (Fifth Amendment) Rules 2018 with effect from 01st July, 2017, in rule 89, for sub-rule (5), the following… Read More »
How to deposit amount due to order of ANTI-PROFITEERING Authority : Rule 133(3) of CGST Rules Changed Rule 133 of CGST Rules deals Order of the Authority (ANTI-PROFITEERING) As per Notification No 26/2018 Central Tax Dated 13.06.2018 : CGST (Fifth Amendment) Rules 2018 in rule 133, for sub-rule (3), the following shall be substituted, namely:- “(3)… Read More »
Notification No 27/2018 Central Tax Summary of Notification No 27/2018 Central Tax List of Seized Goods to be disposed by proper officer : Notification No 27/2018 Central Tax Dated 13 th June, 2018 Seek to notifies the goods or the class of goods mentioned in the Schedule below, which shall, as soon as may be after its… Read More »
Notification No 26/2018 Central Tax Summary of Notification No 26/2018 Central Tax Notification No 26/2018 Central Tax Dated 13th June, 2018 Seek to make amendments (Fifth Amendment, 2018) to the CGST Rules, 2017; and to specify goods which may be disposed off by the proper officer after its seizure. Notification No 26/2018 Central Tax [To be… Read More »