Daily Archives: December 10, 2018

GST is not required to be paid by Lions clubs and Lions District : AAR

By | December 10, 2018

GST AAR Maharastra In re Lion Club of Poona Kothrud Advance Ruling NO. GST-ARA-33/2018-19/B-100 Question :- Since the amount collected by individual Lions clubs and Lions District is for convenience of Lion members and pooled together only for paying Meeting expenses & communication expenses and the same is deposited in single bank account. As there is… Read More »

Direct Tax Collections for F.Y. 2018-19 up to November 2018 Rs. 6.75 lakh crore

By | December 10, 2018

Ministry of Finance Direct Tax Collections for F.Y. 2018-19 up to November, 2018 Gross collections at Rs. 6.75 lakh crore which is 15.7% higher than the gross collections for the corresponding period of last year Posted On: 10 DEC 2018 The Provisional Figures of Direct Tax Collections up to November, 2018 show that gross collections are… Read More »

100% Tax Exemption to withdrawal from National Pension System (NPS) :

By | December 10, 2018

Ministry of Finance Streamlining of National Pension System (NPS) Posted On: 10 DEC 2018  Decision The Union Cabinet in its Meeting on 6th December, 2018 has approved the following proposal for streamlining the National Pension System (NPS).  ·         Enhancement of the mandatory contribution by the Central Government for its employees covered under NPS Tier-I from the existing 10%… Read More »

How to determine ITC on Capital Goods under GST

By | December 10, 2018

Determination and apportionment of input tax credit in respect of capital goods (Critical analysis of Rule 43 of Central Goods and Services Tax Rules, 2017 Input tax credit (‘the ITC’) is the backbone of GST. On a perusal of section 73 and and74 will reveal that wrong availment of ITC is being treated as violation,… Read More »

Occupancy Certificate Date should be taken for completion of property for GST : AAR

By | December 10, 2018

AAR Karnataka In re Sri. Harish Dharnia Vs Dr. Ravi Prasad M.P. Advance Ruling No. KAR ADRG 32/2018 Date of Ruling  : 03/12/2018 (a) Which date should be considered as the date of completion of the property – the date of receipt of necessary approvals from BBMP / Karnataka Pollution Control Board / Karnataka Electricity… Read More »

GST Provisional Assessment : Analysis

By | December 10, 2018

GST Provisional Assessment Provisional Assessment in GST : analysis Introduction A supplier will come to know the extent of his tax liability which has to be discharged on a continuous and regular basis only after assessment. Assessment means determination of tax liability and includes self-assessment, re-assessment, provisional assessment, summary assessment and best judgment assessment. The… Read More »

PPT on TDS Provisions in GST

By | December 10, 2018

PPT on TDS Provisions in GST Download PPT Click here  Related Post on TDS FAQs on TDS under GST GST TDS Accounting Entries in Supplier Books When TDS is to be deducted Under GST : Situations How to Accept GST TDS deducted by Deductee when GST TDS will not be deducted : List of situations… Read More »

Category: GST

DSC ( Digital Signature Certificate ) Registration Process on GST Portal

By | December 10, 2018

How to register  DCS on GST Portal Register DSC Access GST Portal through www.gst.gov.in. Enter User Name, Password and Captcha in respective boxes Click on Continue Related Post FAQs ON DIGITAL SIGNATURE CERTIFICATE (DSC) Digital Signature Certificate ( DSC ) for GST ? Precautions Digital Signature Certificate (DSC) Ready Reckoner -Book 2017 ; FCA Rahul… Read More »

HARYANA GST Amendment Act 2018 : Download /Print

By | December 10, 2018

PART – I HARYANA GOVERNMENT LAW AND LEGISLATIVE DEPARTMENT Notification The 28th September, 2018 No. Leg. 30/2018.— The following Act of the Legislature of the State of Haryana received the assent of the Governor of Haryana on the 24th September, 2018 and is hereby published for general information:– HARYANA ACT NO. 25 OF 2018 THE… Read More »

Category: GST