Rule 88A CGST :ITC Utilization : Rule 88A of CGST Rules 2017 deals with Order of utilization of input tax credit under CGST Act 2017 . Here is the commentary on Rule 88A of CGST Rules Commentary on Rule 88A of CGST Rules 2017 Rule 88A of CGST Rules 2017 is Inserted by Central Goods… Read More »
Govt to launch E-Invoice to curb GST Evasion In order to bring an effective tool to curb tax evasion under the Goods and Services Tax ( GST ) regime, the Central Government is planning to launch the system of electronic invoice. The new system will allow the businesses to issue invoices, or bills, directly via… Read More »
Breaking GST News ताज़ा जीएसटी समाचार CGST Rules 2017 Amended upto 23.04.2019 : Download No Concessional GST Rate if Work Contract for Govt to be used for Business purpose : AAR No GST on Hostel Charges as Tariff is Less Than Rs 1000 per bed per day :AAR Pay GST on Freight inclusive of diesel… Read More »
CGST Rules 2017 Amended upto 23.04.2019 Note: This updated version of the Rules as amended upto 23rd April, 2019 has been prepared for convenience and easy reference of the trade and industry and has no legal binding or force. Notifications as published in the official Gazette of the Government of India only have the force… Read More »
Work Contract of Nuclear Fuel Complex will attract GST rate of 18% and ( not 12%) as NFC is engaged in manufacture of fuel which will be used for production of electricity . Thus activity of production and generation of electricity will be a commercial activity. Rajashtan AAR TATA Projects Pvt Ltd RAJ/AAR/2018-19/42 dated 29.03.2019… Read More »
Ombudsman Scheme for Non-Banking Financial Companies, 2018 Ref. CEPD. PRS. No.4535/13.01.004/2018-19 April 26, 2019 The Reserve Bank of India (RBI) had vide Notification Ref.CEPD.PRS.No.3590/13.01.004/2017-18 dated February 23, 2018, implemented the Ombudsman Scheme for Non-Banking Financial Companies (NBFCs) as defined in Section 45-I(f) of the Reserve Bank of India Act, 1934 and registered with the RBI under… Read More »
Guidance Note on Related Party Transactions Download Click here Related Party Transactions, Download ICSI guidance Note on Related Party Transactions, What is Related Party Transactions,
i. The royalty paid by M/s NMDC in respect of mining lease is classifiable under sub heading 997337 ; ‘Licensing services for the right to use minerals including its exploration and evaluation’ (covered under entry no. 17 of Notification No. 11/2017 (Rate), dated 28.06.2017, attracting GST at the same rate as applicable for the supply… Read More »
Facts of the Case : The company is incorporated to provide back office support services to overseas companies (hereinafter referred to as ‘Clients’). services being offered by Appellant is a package of services, which is nothing but a composite supply, of which the principal supply is that of intermediary services. Appellant have misconstrued the definition… Read More »
Held A.O. shall furnish reasons for re-opening of assessment of income for the said assessment years so as to enable the petitioner to file objections and after hearing the petitioner, to pass speaking orders then to proceed with the assessment and to pass appropriate orders as shall be warranted HIGH COURT OF MEGHALAYA North Eastern… Read More »