Daily Archives: February 19, 2019

No ITC on Warehouse constructed using pre-fabricated structure as it is immovable property : AAR

By | February 19, 2019

  AUTHORITY FOR ADVANCE RULINGS, WEST BENGAL Tewari Warehousing Co. (P.) Ltd., In re SYDNEY D’SILVA AND PARTHASARATHI DEY, MEMBER ORDER NO. 40/WBAAR/2018-19 FEBRUARY  18, 2019 Arani Tewari FCA for the Applicant. RULING 1. The Applicant, stated to be supplying warehousing services, is constructing a warehouse on leasehold land, using pre-fabricated technology. According to the Applicant, it can be dismantled and… Read More »

Date of Conversion of Capital Asset into stock-in-trade to be considered from date of entry passed in books of a/c : ITAT

By | February 19, 2019

The date of conversion of capital asset into stock in trade shall be determined either on the basis of entry passed in the books of account of the assessee or the intention of the assessee to exploit the capital asset into stock in trade for its business purpose. In this case, undisputedly, the assessee has… Read More »

Two parallel proceedings / enquiries under GST against Taxpayer in Two states Possible : HC

By | February 19, 2019

HIGH COURT OF BOMBAY Shafi Khan Khokhar v. State of Maharashtra AKIL KURESHI AND M. S. SANKLECHA, JJ. WP NO. 2951 OF 2018 DECEMBER  21, 2018 Anand Mishra for the Petitioner. Amit Shastri, AGP Pradeep S. Jetly and J.B. Mishra for the Respondent. JUDGMENT 1. This petition under Article 226 of the Constitution of India seeks to challenge an enquiry initiated by respondent No.… Read More »

Circular No 89/08/2019 GST : Penalty for wrong reporting in GSTR 3B & GSTR 1

By | February 19, 2019

Seeks to clarify situations of mentioning details of inter-State supplies made to unregistered persons in Table 3.2 of FORM GSTR-3B and Table 7B of FORM GSTR-1. Circular No. 89/08/2019-GST F. No. CBEC-20/16/04/2018 – GSTGovernment of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing Madam/Sir,Subject: Mentioning details of inter-State supplies made… Read More »

GST FAQs for DISCOMS / Electricity Companies

By | February 19, 2019

FAQ’S DISCOMS 1.From which date the GST is applicable?From 01-07-2017   2.Whether the Electricity Charges are taxable under GST?As per the notification No.12/2017 (Central Rates) Dt: 28th June, 2017 as per the entry no.25 – “Transmission or distribution of electricity by an electricity transmission or distribution utility” are taxable under GST @ “NIL”.   3.… Read More »

Category: GST