GST Audit Rule Changed Notification No 74/2018 Central Tax : CGST (Fourteenth amendment) Rules 2018 Dated 31.12.2018 In the said rules, in rule 101 of CGST Rules 2017, in sub-rule (1), after the words ” financial year “, the words “or part thereof ” shall be inserted. Revised Rule 101 of CGST Rules 2017 is… Read More »
GST Refund Form Changed (GST RFD 01 and GST RFD 01A ) Notification No 74/2018 Central Tax : CGST (Fourteenth amendment) Rules 2018
Circular No 87/06/2019 GST Circular No 87/06/2019 GST F. No. 267/80/2018-CX.8 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs New Delhi, the 2 nd Jan, 2019 To The Principal Chief Commissioners/ Chief Commissioners/ Principal Commissioners/ Commissioner of Central Tax (All) The Principal Director Generals/ Director Generals (All)… Read More »
Onerous Contracts – Cost of Fulfilling a Contract (Proposed amendments to IAS 37) – (02-01-2019) Introduction In this Exposure Draft, the International Accounting Standards Board (Board) proposes to amend IAS 37 Provisions, Contingent Liabilities and Contingent Assets. The amendments specify the costs an entity includes in determining the ‘cost of fulfilling’ a contract for the… Read More »
Cabinet Committee on Economic Affairs (CCEA) Cabinet allows inclusion of merchant exporters under Interest Equalisation Scheme (1ES) for Pre and Post Shipment Rupee Export Credit Posted On: 02 JAN 2019 The Cabinet Committee on Economic Affairs, chaired by the Prime Minister Shri Narendra Modi, has given its approval to the proposal of the Department of… Read More »
Cabinet Cabinet approves first-ever three way merger in Indian Banking with amalgamation of Vijaya, Dena and Bank of Baroda Posted On: 02 JAN 2019 The Union Cabinet chaired by Prime Minister Shri Narendra Modi has approved the scheme of amalgamation for amalgamating Bank of Baroda, Vijaya Bank and Dena Bank, with Bank of Baroda as… Read More »
Ministry of Petroleum & Natural Gas Decision regarding Levy of GST on Petroleum Products to be decided as per recommendation of GST Council Posted On: 02 JAN 2019 The prices of petroleum products in the country are benchmarked to international product prices. Generally, the prices of sensitive petroleum products in the country are higher/lower than… Read More »
” Body corporate ” Meaning in Companies Act 2013 As per Section 2(11) of Companies act 2013 body corporate‖ or ―corporation‖ includes a company incorporated outside India, but does not include— (i) a co-operative society registered under any law relating to co-operative societies; and (ii) any other body corporate (not being a company as defined… Read More »
FORM NO. 10BA (See rule 11B) DECLARATION TO BE FILED BY THE ASSESSEE CLAIMING DEDUCTION U/S 80 GG I/We………………………………………………………………………………………… ……….. ( Name of the assessee with permanent account number) do hereby certify that during the previous Year………….I/We had occupied the premise………………………….(full address of the premise) for the purpose of my/our own residence for a period… Read More »
Circular No 85/04/2019 GST Circular No 85/04/2019 GST F. No. 354/428/2018-TRU Government of India Ministry of Finance Department of Revenue Tax research Unit Read Circular No 85/04/2019 GST Clarification on GST rate applicable on supply of food and beverage services by educational institution. Room No. 156, North Block, New Delhi, the 1st January, 2019 To, The… Read More »