Circular No 97/16/2019 GST Circular No 97/16/2019 GST F. No. CBEC-20/16/04/2018 – GST (Pt. I)Government of IndiaMinistry of FinanceDepartment of RevenueCentral Board of Indirect Taxes and CustomsGST Policy Wing Circular No 97/16/2019 GST Dated 5th April 2019 : Circular clarifying issues regarding exercise of option to pay tax under notification No. 2/2019- CT(R) dt 07.03.2019… Read More »
Provisions relating to payment of GST on reverse charge basis (RCM) under section 9(4) of CGST Act are applicable, irrespective of any threshold limit, right from 1-7-2017 to 12-10-2017 Thus, benefit of exemption from payment of tax on RCM as provided under section 9(4) of GST Act is not applicable from 1-7-2017 as claimed by… Read More »
Issue Properties were notified by the Government of Kerala for acquisition under the Land Acquisition Act, 1894. After discussion and negotiations with the Government, a sale deed was executed, whereby the properties were sold to Vizhinjam International Seaport Limited for a total consideration of Rs.4,69,13,272. Assessing Officer rejected relief of Section 10(37) of Income Tax Act… Read More »
(1) When the parents of the minor are not alive, whether or not the income of the minor is taxable in the hands of the person who is entitled to or in respect of the minor as a representative assessee under Sections 160 and 161 of the Income Tax Act ? (2) Whether, on the… Read More »
MINISTRY OF FINANCE (Department of Economic Affairs) NOTIFICATION New Delhi, the 3rd April, 2019 F. No. 5(2)-B(PD)/2019.—It is hereby notified that the deposits made under the Special Deposit Scheme for Non-Government Provident, Superannuation and Gratuity Funds, announced in the Ministry of Finance (Department of Economic Affairs) Notification No.F.16(1)-PD/75 dated 30th June, 1975, shall with effect… Read More »