Ministry of Finance Effective tax rate on complex, building, flat etc. Posted On: 08 DEC 2018 It is brought to the notice of buyers of constructed property that there is no GST on sale of complex/ building and ready to move-in flats where sale takes place after issue of completion certificate by the competent authority.… Read More »
GST Paid but Debtor become Bad debt Here is the video Tutorial on explaining the provisions of Bad debt under GST [ Join GST online course by CA Satbir Singh ] Mr. A provided services to Mr. B in November 2017 and paid due GST at the time of issuance of invoice. However, payment is not… Read More »
Refund on account of Refund by Recipient of Deemed Export 1. What are the preconditions for filing a refund application as recipient of deemed exports supplies? The following conditions must be met for being eligible to file form RFD-01A, for refund by recipient of deemed exports: The Taxpayer is registered with GST Portal and holds… Read More »
Applying of Refund on Tax paid on an Intra-State Supply which is subsequently held to be Inter-State Supply and Vice Versa [ Also refer GST Refund : Free Study Material ] Watch Video Tutorial by CA Satbir Singh FAQs > 1. When refund application can be filed using reason as “Refund on tax paid on an Intra… Read More »
Application for Refund of Excess Amount from the Electronic Cash Ledger 1. How can I claim refund of excess amount available in cash ledger? 1. Balance in the cash ledger should be sufficient 2. File RFD- 01 A and select the reason of Refund as ‘Refund on account of excess balance in cash ledger’. 3.… Read More »
SUPREME COURT OF INDIA Principal Commissioner of Income Tax v. GVK Jaipur Expressway Ltd. ROHINTON FALI NARIMAN AND NAVIN SINHA, JJ. SPECIAL LEAVE PETITION (CIVIL) DIARY NO. 32340/2018 OCTOBER 5, 2018 K. Radhakrishnan, Sr. Adv., D.L. Chidananda, Rohit Rao, Ms. Harshita Bhatnagar, Advs. and Mrs. Anil Katiyar, AOR for the Petitioner. ORDER 1. Delay condoned. 2. The Special Leave Petition is dismissed. ANNEX [2018]… Read More »
CBDT notified revised provisions related to Unabsorbed depreciation, set off or carry forward and set off of losses, tax credit in respect of tax paid on deemed income relating to certain companies and the computation of income in the case of foreign company referred to in sub-section (1) of section 115JG of the Act and… Read More »
Date Extended for GST Annual Return and GST Audit for FY 2017-18 Refer GST Annual Returns and Audit Date Extended for FY 2017-18 to 30.06.2019 : 31st GST Council Meeting on 22.12.2018 Press Release 7 th December, 2018 Extension of due date for filing FORM GSTR-9, FORM GSTR-9A and FORM GSTR-9C FORM GSTR-9 and FORM… Read More »
No tax deduction u/s 194A for Senior Citizens where aggregate amounts of interest credited or paid during financial year does not exceed Rs. fifty thousand – CBDT F. No. Pro DGIT(S)/CPC(TDS)/Notification/2018-19 Notification No. 06/2018 Government of India Ministry of Finance Central Board of Direct Taxes Directorate of Income-tax (Systems) New Delhi New Delhi, 06th December, 2018… Read More »
Revised All Industry Duty Drawback Rates Schedule notified. Conditions and Exceptions. Notification is effective from 19th day of December, 2018 GOVERNMENT OF INDIA MINISTRY OF FINANCE (DEPARTMENT OF REVENUE) Notification No. 95/2018-CUSTOMS (N.T.) New Delhi, the 6 December, 2018 G.S.R. (E). – In exercise of the powers conferred by sub-section (2) of section 75 of… Read More »