AUTHORITY FOR ADVANCE RULINGS, GUJARAT Inox Air Products (P.) Ltd., In re R.B. MANKODI AND G.C. JAIN, MEMBER ADVANCE RULING NO. GUJ/GAAR/R/2018/7 MARCH 21, 2018 Rohit Jain, Adv. for the Applicant. RULING 1. The applicant M/s. INOX Air Products Private Limited (herein after also referred to as ‘INOXAP’) is engaged in the business of manufacture and supply of industrial… Read More »
Explanatory Notes to the Scheme of Classification of Services under GST CBIC has issued the explanatory notes to scheme of classification of services under GST. The explanatory notes has indicated the scope and coverage of the heading, groups and service codes of the Scheme of Classification of Services. These may be used by the assessee… Read More »
Income Tax on Inherited property : Free Study Material Here is the free study material on Permanent Account Number (PAN) [Join GST Online Course by CA Satbir Singh)] Free Study material on Income Tax on Inherited property No Income Tax on Property or money received by will or inheritance : FA 2018 Who will file the income… Read More »
Eway Bill New Updates on EWay bill Portal : GST News 326 Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English)
Note : As per Notification No. 1/2017-Central Tax (Rate), CGST rates are as follow for the following entry Schedule II -6% 192. 8413 Power driven pumps primarily designed for handling water, namely, centrifugal pumps (horizontal and vertical), deep tube-well turbine pumps, submersible pumps, axial flow and mixed flow vertical pumps As per Notification No. 1/2017-Central Tax (Rate) CGST rates… Read More »
Note : Notification No 1/2017 of (Central Rate) , CGST Rates of following items are as follow SCHEDULE III – 9% 429G. 9208 Musical boxes, fairground organs, mechanical street organs, mechanical singing birds, musical saws and other musical instruments not falling within any other heading of this chapter; decoy calls of all kinds; whistles, call… Read More »
Note : Notification No 1/2017 of (Central Rate) , CGST Rates of following items are as follow SCHEDULE III – 9% Entry No 97. 3824 Prepared binders for foundry moulds or cores; chemical products and preparations of the chemi-cal or allied industries (including those consisting of mixtures of natural products), not elsewhere specified or included… Read More »
AUTHORITY FOR ADVANCE RULINGS, KERALA Saraswathi Metal Industries, In re SENTHIL NATHAN AND N. THULASEEDHARAN PILLAI, MEMBER ADVANCE RULING ORDER NO. CT/5496/18-C3 MAY 29, 2018 RULING 1. Sri. Dharsak.V.P., Saraswathi Metal Industries, Alappuzha, manufacturer of marine propeller, rudder set, stern tube set, propeller shaft and M.S. Shaft for couplings, has preferred an application for Advance Ruling on the rate… Read More »
Section 117 of Sikkim GST Act 2017 [ Section 117 of Sikkim GST Act 2017 explains Appeal to High Court and is covered in CHAPTER XVIII APPEALS AND REVISION] [ Enforced with effect from 1-7-2017. ] Appeal to High Court 117. (1) Any person aggrieved by any order passed by the State Bench or Area Benches of the Appellate Tribunal may… Read More »
Indian Valuation Standards 2018 The Institute of Chartered Accountants of India (ICAI) issues Indian Valuation Standards 2018 as a benchmark for Valuation Practices applicable for Chartered Accountants Why Indian Valuation Standards 2018 issued Recognising the need to have the consistent, uniform and transparent valuation policies and harmonise the diverse practices in use in India, the Council… Read More »