Daily Archives: January 21, 2019

How to Check Prosecution Notice Issued by GST Officials

By | January 21, 2019

Viewing Prosecution Notice Issued by Tax Officials FAQs > Viewing Prosecution Notice Issued by Tax Officials [Also refer GST Penalty and Offences : Free Study Material ] 1. What are Prosecution Proceedings? Prosecution Proceedings are instituted against the taxpayers who are involved in cases of tax evasion beyond the specified limit and for which penal actions are… Read More »

How to Accept GST TDS deducted by Deductee

By | January 21, 2019

Steps for Acceptance of TDS Credit by Deductee under GST w.e.f 01.10.2018 any eligible payment received from the Specified persons where contract price exceeding RS 2.50 Lakhs , [1% CGST & 1% SGST/UTGST ( In case of Intra State Supply of Goods / Services)] or [2% IGST ( In case of Inter State Supply of… Read More »

Category: GST

Guidance Note on Dividend by issued by ICSI

By | January 21, 2019

Guidance Note on Dividend by ICSI Contents are as follow INTRODUCTION SCOPE DEFINITIONS GUIDANCE ON THE PROVISIONS OF SS-3 Ascertainment of amount available for payment/ distribution as Dividend. Declaration of Dividend Entitlement to Dividend Dividend in Abeyance Payment of Dividend Unpaid Dividend Revocation of Dividend Preservation of Dividend Cheques, Warrants and Dividend Registers Disclosure 46… Read More »

CBDT clarifies issue of Prosecution Notices for TDS deafult

By | January 21, 2019

Ministry of Finance Central Board of Direct Taxes (CBDT) clarifies regarding issue of Prosecution Notices Posted On: 21 JAN 2019 The Central Board of Direct Taxes (CBDT) has stated that certain news items that appeared in a section of media regarding enmasse issue of prosecution notices to small companies for TDS default are completely misleading… Read More »

Bail under GST

By | January 21, 2019

Bail under GST If the Commissioner has reason to believe that any person has committed an offence specified under section 132(1) clauses (a) to (d) which is punishable under section 132(1) or 132(2) clause (i) or (ii), he may, by order, authorise any officer of central tax to arrest such person -section 69(1) of CGST… Read More »

GST Meaning of Government, Local Authority ,Governmental Authority and Governmental Entity:

By | January 21, 2019

Meaning of Government, Local Authority ,Governmental Authority and Governmental Entity: Government: Government as defined in CGST Act and respective SGST Acts means Central Government and respective State governments. As per article 53 of the Constitution the executive power of the Union shall be vested in the President and shall be exercised by him either directly or… Read More »

Date of Withdrawal of composition scheme

By | January 21, 2019

Date of Withdrawal of composition scheme कम्पोजीशन स्कीम से निकलने की तारीख Effective Date of denial of composition option of GST by tax authorities Refe Refer Circular No 77/50/2018 GST Dated 31st December 2018 Dated 31.12.2018 Sub-rule (2) of rule 6 of the CGST Rules provides that the composition taxpayer shall pay tax under sub-section (1)… Read More »

Bihar Intra State Eway Bill Limit Changed w.e.f 21.01.2019 : Notification

By | January 21, 2019

Bihar Govt. has reduced the threshold limit for generation of e-way bill on intra-state movement of goods. Now, e-way bill is required to be generated if value of consignment exceeds Rs.1,00,000/- . Earlier e-way bill was required to be generated only if value of consignment exceeded Rs.200,000/-. Notification No. S.O. 14 Dated 14th January 2019… Read More »

GST on Sale of old / used goods by Govt

By | January 21, 2019

Whether the supply of used vehicles, seized and confiscated goods, old and used goods, waste and scrap by Government departments are taxable under GST? As per Circular No 76/50/2018 GST Dated 31st December 2018 : 1. It may be noted that intra-State and interState supply of used vehicles, seized and confiscated goods, old and used… Read More »

GST on Security Services : FAQs

By | January 21, 2019

As per NN-29/2018-CT(R ) Dated 31.12.2018, RCM appliacble on Security Service provided by person other than body corporate to any registered person located in taxable territory Q: Security Services have been brought under RCM u/s 9(3). Is it mandatory RCM (i.e. security agencies cannot opt for Forward charge even if they are registered)? Answer :… Read More »

Category: GST

Can Tobacco Trader opt for GST Composition Scheme

By | January 21, 2019

Tobacco trader Can opt for GST Composition Scheme  Question : I am trader of Tobacco . Can I opt for GST Composition Scheme ? Yes , As Notification No 8/2017-Central Tax dated 27-6-2017 Applies to MANUFACTURER OF TOBACCO and not traders of Tabcco. Related Post Circular No 77/51/2018 GST Dated 31st December 2018 Denial of… Read More »