Govt May use RFID tages for Eway bill As per the sources the GST Council on its 32nd GST Council meeting on 10th January 2019 will discuss the use of Vehilce Radio Frequency Identification (RFID) toll data to curb GST evasion. A task force was constituted under the council to oversee the matter. This committee… Read More »
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 »
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 »
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 »
Request for TDS Refund under Income Tax Important Information to Request for Refund •Deductor can apply for TDS refund from FY 2007-08 onwards for Form type 24Q, 26Q, 27EQ, 27Q •It is mandatory to register digital signature on TRACES to submit the Refund Request • PAN of Deductor should be same as per TAN Master… Read More »
Perquisite on Motor car provided by the Employer [ Rule 3(2)]: (I) If an employer provides motor car facility to his employee, the value of such perquisite shall be : a) Nil, if the motor car is used by the employee wholly and exclusively in the performance of his official duties. However following compliances are… Read More »
Set off of Input Tax Credit if Wrongly Excess GST Charged from Customer? Mr A has sold Goods having Taxable Value as Rs 1000 and charged GST @ 18% i.e Rs 180 GST instead of 12% GST from Customer .He is having Input Tax Credit Ledger balance of Rs 200, Can he utlilize Rs 180… Read More »