Daily Archives: January 7, 2019

Relief When Salary Paid in Arrear or Advance (FY 2018-19)

By | January 7, 2019

Relief When Salary Paid in Arrear or Advance (FY 2018-19) Under section 192(2A) where the assessee, being a Government servant or an employee in a company, co-operative society, local authority, university, institution, association or body is entitled to the relief under Section 89 he may furnish to the person responsible for making the payment referred… Read More »

Govt Formulating new Labour Code

By | January 7, 2019

Ministry of Labour & Employment Formulation of a new Labour Code Posted On: 07 JAN 2019 The Ministry has prepared a Labour Code on Industrial Relations, by simplifying, amalgamating and rationalizing the relevant provisions of the following three Labour Laws:- The Industrial Disputes Act, 1947, The Trade Unions Act, 1926, The Industrial Employment (Standing Orders)… Read More »

No attachment of bank accounts if GST already deposited: HC

By | January 7, 2019

HIGH COURT OF GUJARAT Patran Steel Rolling Mill v. Assistant Commissioner of State Tax, Unit 2MS. HARSHA DEVANI AND DR. A.P. THAKER, JJ. R/SPECIAL CIVIL APPLICATION NO. 16931 OF 2018 DECEMBER  20, 2018  D.K. Trivedi for the Petitioner. Utkarsh Sharma for the Respondent. JUDGMENT Ms. Harsha Devani, J.— By this petition under Articles 226 and 227 of the Constitution of India, the… Read More »

GST RCM on Security Services

By | January 7, 2019

List of Services under Reverse Charge Mechanism Amended w.e.f 01.01.2019 GST under Reverse Charge Mechanism has been brought on security Services as per the Following Notifications w.e.f 01.01.2019 Notification No 30/2018 Integrated Tax (Rate) : List amended for IGST on Services under Reverse Charge Mechanism (RCM) Notification No 29/2018 Central Tax (Rate) : List Amended… Read More »

Direct Tax Collections for F.Y. 2018-19 up to December 2018

By | January 7, 2019

Ministry of Finance Direct Tax Collections for F.Y. 2018-19 up to December, 2018   Posted On: 07 JAN 2019 The provisional figures of Direct Tax collections up to December, 2018 show that grosscollections are at Rs. 8.74 lakh crore which is 14.1% higher than the gross collections for the corresponding period of last year.  Refunds amounting to Rs.1.30 lakh crore have been… Read More »

Benefits of the Aadhaar – where it stands today

By | January 7, 2019

Shri. Arun Jaitley Minister of Finance and Corporate Affairs, Government of India The idea of having a Unique Identity Number (UID) for every citizen of India was conceived by Shri Nandan Nilekani during the UPA Government. Unquestionably, the credit goes to him for conceiving, initiating and implementing the idea. Aadhaar, however, was non-statutory. There was no law… Read More »

Key Points of TDS on Salary for FY 2018-19

By | January 7, 2019

CBDT’s Circular No. 1 of 2019 dated 01.01.2019– Major/important Points to Remember The CBDT has issued circular No. 1 on 01.01.2019 in respect of the Deduction of tax at Source from Salaries u/s 192 of the Income Tax Act, 1961. Some of the major / important points to remember are; 1. Standard Deduction u/s 16(ia). Standard deduction… Read More »

Revised List of services covered under GST RCM as on 01.01.2019

By | January 7, 2019

Revised List of services covered under GST RCM (Reverse Charge Mechanism) as on 01.01.2019 Refer Updated Notification on Services under Reverse charge which has updated with latest notifications issued on 31.12.2018 Notification No 13/2017 Central Tax (Rate) : Services Liable for Reverse Charge under CGST Act : Dated 28th June 2017 Notification No 10/2017 Integrated Tax… Read More »

New GST News on 07.01.2019

By | January 7, 2019

New GST News 07.01.2019 [ Join online GST Course by CA Satbir Singh ] New GST News Free GST Online Course [ Videos ] by CA Satbir Singh GSTR 4 Purchase ( inward supply) details /जीएसटीआर 4 खरीद विवरण Composition Dealer : ध्यान दें Pay GST if exporter outsources services outside India How to calculate… Read More »

New Income Tax News 07.01.2019

By | January 7, 2019

New Income Tax News 07.01.2019 New Income Tax News Key Points of TDS on Salary for FY 2018-19 CBDT Procedure for Lower / NIL TDS Certificate : Notification No. 08/2018 CBDT Circular on TDS from salaries during FY 2018-19 u/s 192. : CIRCULAR NO 01 /2019 How to file Form 24G by PAO / DTO… Read More »

New Format for GST Annual Return (GSTR 9 and GSTR 9A) & GST Audit (GSTR 9C) for FY 2017-18

By | January 7, 2019

New Format for GST Annual Return (GSTR 9 and GSTR 9A) As per Notification No 74/2018 Central Tax : CGST (Fourteenth amendment) Rules 2018 Dated 31st December 2018 Govt has revised the Format of GSTR 9 (Regular Taxpayer)  and GSTR 9A ( for Composition Taxpayer) and GSTR 9C (Reconciliation Statement if turnover exceeds Rs 2 Core)/GST… Read More »

Category: GST

GST on Food and Drinks supply in School & Colleges स्कूल कॉलेज में खाद्य और पेय आपूर्ति पर जीएसटी

By | January 7, 2019

Applicability of GST on supply of food and beverage services by educational institution. Refer Circular No 85/04/2019 GST : Clarification on GST rate applicable on supply of food and beverage services by educational institution.              

CGST Act 2017 of India – Chapter Wise and Section Wise

By | January 7, 2019

CGST Act 2017 CGST Act 2017  also known as CENTRAL GOODS AND SERVICES TAX ACT 2017 has been Assented by the President of India on 12-4-2017 . Chapter wise sections under CGST Act 2017 are furnished below. Chapter wise sections under CGST Act 2017   CHAPTER I PRELIMINARY Sections Section 1 . Short title, extent and… Read More »