Daily Archives: February 4, 2019

No ITC on rent free hotel accommodation to Director and General Manager : AAR

By | February 4, 2019

Whether Input Tax Credit is admissible in respect of GST paid for hotel stay in case of rent free hotel accommodation provided to General Manager and Managing Director of the Applicant? Whether invoice for quality claim raised by the Applicant on POSCO Daewoo Corporation located in Korea will be treated as “export of service”? 3)… Read More »

Ombudsman Scheme for Digital Transactions 2019

By | February 4, 2019

Ombudsman Scheme for Digital Transactions, 2019 Executive Director Ombudsman Scheme for Digital Transactions, 2019 NOTIFICATION Ref. CEPD. PRS. No. 3370/13.01.010/2018-19 Date: January 31, 2019 In exercise of the powers conferred by Section 18 of the Payment and Settlement Systems Act, 2007, being satisfied that in the public interest and in the interest of conduct of… Read More »

Separate GST registration for multiple places of business

By | February 4, 2019

New Rule for Separate GST registration for multiple places of business within State w.e.f 01.02.2019 Separate GST registration for multiple places of business व्यापार के कई स्थानों का रजिस्ट्रेशन Section 25 of CGST Act 2017 : Procedure for registration. : Amended by CGST Amendment Act 2018 w.e.f 01.02.2019  so as to allow persons having multiple places… Read More »

New Rule for Claiming GST Refund of Supply to SEZ from 01.02.2019

By | February 4, 2019

New Rule for Claiming GST Refund of Supply to SEZ from 01.02.2019 Section 54 of CGST Act 2017  Refund of tax. Amended by CGST Amendment Act 2018 w.e.f 01.02.2019 in order to provide that the principle of unjust enrichment will apply in case of a refund claim arising out of supplies of goods or services or both… Read More »

FDI Policy on E-Commerce

By | February 4, 2019

Ministry of Commerce & Industry FDI Policy on E-Commerce Posted On: 04 FEB 2019 In order to ensure due compliance of the FDI policy on e-Commerce, Press Note 2 (2018) has been issued. It puts in place certain conditions. These conditions include: An entity having equity participation by e-commerce marketplace entity or its group companies,… Read More »

New Rule for GST Debit & Credit Note from 1.2.2019

By | February 4, 2019

New Rule for GST Debit & Credit Note from 1.2.2019 जीएसटी क्रेडिट और डेबिट नोट के लिए नए नियम Section 34. Credit and debit notes. Amended so as to allow registered persons to issue consolidated credit or debit notes in respect of multiple invoices issued in a Financial Year. Changes in GST Credit & debit notes from 01.02.2019… Read More »

New Process to Cancel GST Registration certificate w.e.f 01.02.2019

By | February 4, 2019

GST Registration Cancellation Process Changed from 01.02.2019 Section 29 of CGST Act 2017 Cancellation of registration. Amended by CGST Amendment Act 2018 w.e.f 01.02.2019  so as to provide for temporary suspension of registration while cancellation of registration is under process. “Rule 21A of CGST Rules 2017 w.e.f 01.02.2019 : Suspension of registration.- (1) Where a… Read More »

Notification No 07/2019 Central Tax : GSTR 7 Due date Extended for Oct to Dec 2018

By | February 4, 2019

Seeks to extend the due date for furnishing of FORM GSTR – 7 for the months of October, 2018 to December, 2018 till 28.02.2019. [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Sub-section (i)]Government of IndiaMinistry of Finance(Department of Revenue)[Central Board of Indirect Taxes and Customs]Notification No. 07/2019 – Central… Read More »