Monthly Archives: September 2018

India Post Payments Bank w.e.f 01.09.2018

By | September 1, 2018

Prime Minister’s Office PM to launch India Post Payments Bank on Saturday, 1st September Posted On: 31 AUG 2018 11:40AM by PIB Delhi The Prime Minister, Shri Narendra Modi, will launch the India Post Payments Bank (IPPB) at Talkatora Stadium in New Delhi on September 1st, 2018. IPPB has been envisioned as an accessible, affordable… Read More »

State GST Officer can do Enforcement action against tax payers allotted to Central Tax Authorities

By | September 1, 2018

State Govt power under GST to take enforcement action if Taxpayer allotted to Center Govt     Refer Andhra Pradesh Govt Circular    Office of the Chief Commissioner of State Tax Eedupugallu, Vijayawada. CIRCULAR   CCT’s Ref. No. CCW/GST/74/2015             Date :-23  -08-2018.   Present :- Sri J.SyamalaRao, I.A.S.,   Sub :- APGST Act, 2017- Intelligence… Read More »

GST (Amendment) Act 2018 Notified : Download /Print

By | September 1, 2018

GST (Amendment) Act, 2018 The President has given its assent to the Central GST (Amendment) Act, 2018, Integrated GST (Amendment) Act, 2018, Union Territory GST (Amendment) Act, 2018 and GST (Compensation to States) Amendment Act, 2018 on August 29, 2018. Effective Date for Amendment in GST Act(s) 2018  will be 01.02.2019 Download  GST (Amendment) Act 2018 :… Read More »

CBDT final Rules for Computation of FMV of Inventory converted into Capital Asset

By | September 1, 2018

The Central Board of Direct Taxes has released final Rule 11UAB prescribing the manner of determination of fair market value of the inventory converted into capital asset. shall come into force from the 1st day of April, 2019 and shall apply in relation to assessment year 2019-20 and subsequent years. Earlier the draft rule was… Read More »

Pure Agent Concept in GST : Analysis

By | September 1, 2018

Pure Agent Concept in GST INTRODUCTION The GST Act defines an Agent as a person including a factor, broker, commission agent, arhatia, del credere agent, an auctioneer or any other mercantile agent, by whatever name called, who carries on the business of supply or receipt of goods or services or both on behalf of another.… Read More »