Daily Archives: February 8, 2019

New Return Filing System of GSTN

By | February 8, 2019

Ministry of Finance New Return Filing System of GSTN Posted On: 08 FEB 2019 GSTN will focus, amongst others, on the development of new return filing, further improving the user interface, and Business Intelligence and Analytics. Improvement in User Interface on the basis of feedback is a continuous process. Few important initiatives/improvements made for better… Read More »

Circular No 04/01/2019 IGST : No GST on supply of warehoused goods before consumption

By | February 8, 2019

Circular No 04/01/2019 IGST F. No. CBEC-20/16/04/2018 – GST Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs GST Policy Wing New Delhi, Dated the 1 st February, 2019 To, The Principal Chief Commissioners / The Principal Directors General / Chief Commissioners / Directors General (All) / Principal… Read More »

Punjab Stamp duty reduced from 4% to 1% for registered mortgage by the industrial units : Notification

By | February 8, 2019

PUNJAB GOVT. GAZ. (EXTRA), FEBRUARY 8, 2019 (MAGHA 19, 1940 SAKA) 63 1706/2-2019/Pb. Govt. Press, S.A.S. Nagar PART III GOVERNMENT OF PUNJAB DEPARTMENT OF REVENUE, REHABILITATION AND DISASTER MANAGEMENT (STAMP AND REGISTRATION BRANCH) ORDER The 7th February, 2019 No. S.O.9./C.A.2/1899/S.9/2019.-In exercise of the powers conferred by clause (a) of sub-section (1) of section 9 of… Read More »

Free Book on GST on Govt Supplies : Downloaf

By | February 8, 2019

Free Book on GST on Govt Supplies E-publication on Supplies by/to Government under GST Released by ICAI Indirect Tax Committee The Indirect Taxes Committee has come out with “E-publication on Supplies by/to Government under GST” wherein all the provision related to supplies by/to Government has been briefly discussed. Further, all the exemption on supplies by/to… Read More »

Restaurants can not claim Input Tax Credit : AAR Clarify

By | February 8, 2019

The Applicant is not entitled to pay the GST @ 18% with input tax credit as the services being offered by the Applicant are classified under a heading attracting GST @ 5%, without input tax credit.   THE AUTHORITY ON ADVANCE RULINGS IN KARNATAKA GOODS AND SERVICE TAX VANIJYA THERIGE KARYALAYA, KALIDASA ROAD GANDHINAGAR, BENGALURU… Read More »

Pay Income Tax if Land Purchased below Stamp Duty : ITAT

By | February 8, 2019

Held The Revenue’s contention is that the provisions of Section 56(2)(vii)(b) talks about any immoveable property and thus even an agriculture land falls under the definition of an immoveable property and the provisions of Section 56(2)(vii)(b) are clearly attracted. On reading of provisions of 56(2)(vii)(b), we find that it refers to any immoveable property and… Read More »

Input Tax Credit Available on special purpose motor vehicles

By | February 8, 2019

Input Tax Credit Available on special purpose motor vehicles मोटर वाहनों टैक्स क्रेडिट words ‘Other conveyances’ have been removed in Section 17(5) of CGST Act 2017 w.e.f 01.02.2019 by CGST Amendment Act 2018  Therefore, input tax credit would now be available in respect of dumpers, work-trucks, fork-lift trucks and other special purpose motor vehicles. Prior… Read More »