Daily Archives: April 26, 2019

How to Claim Income Tax Refund & Interest on Refund ? (FA 2019)

By | April 26, 2019

REFUND OF EXCESS TAX PAID BY THE TAXPAYER [As amended by Finance Act, 2019] Many times it may happen that the taxpayer has paid excess tax as against the tax required to be paid by him. In such a case he is granted refund of the excess tax paid by him. In this part you… Read More »

Section 234D : How to calculate Interest on Excess Income Tax Refund wrongly given to Taxpayer [FA 2019]

By | April 26, 2019

INTEREST ON EXCESS REFUND At times it may so happen that the taxpayer is granted excess refund. Section 234D provides for levy of interest on excess refund granted to the taxpayer. In this part you can gain knowledge about various provisions relating to interest on excess refund granted to the taxpayer. Manner of computation of… Read More »

No GST on Hostel Charges as Tariff is Less Than Rs 1000 per bed per day :AAR

By | April 26, 2019

Hostel charges collected from both the hostels which is rupees 7000/- per month for per bed single room and rupees 6000/- per month per bed for rooms consisting of more than a single bed. As already discussed, no charges other than above are collected from the occupants on account of the allied facilities being provided… Read More »

Pay GST on Freight inclusive of diesel cost provided by recipient : AAR

By | April 26, 2019

Do we need to charge GST on Freight amount excluding diesel cost or on total amount which is inclusive of diesel cost? Applicant are required to charge GST upon M/s Shree Raipur Cement, C.G on the total amount including the cost of diesel i.e. on the total freight amount inclusive of the cost of diesel… Read More »