Extension of Last Date for availing the benefit of Alternate Composition Scheme from 30.04.2019 to 31.07.2019 Posted On: 04 JUL 2019 7:26PM by PIB Delhi Vide notification No. 02/2019-Central Tax (Rate) dated 07.03.2019, as amended by notification No. 09/2019-Central Tax (Rate) dated 29.03.2019, an Alternate Composition Scheme has been made available to those suppliers of Services… Read More »
GST on Cross Charges GST Council in its 35th meeting dated 21.06.2019 : GST Council referred to the Law Committee the clarification on taxability of services provided by an office of an organization in one State to the office of that organization in another State, both being distinct persons.”
Amendment in GST Law Coming Soon GST Council in its 35th meeting dated 21.06.2019 approved certain amendments in Act mainly to provide legislative force for such decisions implemented through issue of notification/Removal of Difficulties’ orders. Besides these, GST Council approved certain amendments to be carried out in the GST laws to implement the decisions of… Read More »
3rd Edition GSTC News Letter June 2019 Download 3rd Edition GSTC News Letter June 2019 Click here Corrigendum to the GST News Letter Vol-III for the month June 2019 Click here Refer All GST Council Newsletter
Ministry of Finance Key Highlights of Economic Survey 2018-19 Posted On: 04 JUL 2019 The Union Minister for Finance and Corporate Affairs, Smt. Nirmala Sitharaman tabled the Economic Survey 2018-19 in the Parliament today. The Key Highlights of Economic Survey 2018-19 are as follows: Shifting gears: Private Investment as the Key Driver of Growth, Jobs,… Read More »
Economic Survey 2018-19 July, 2019 Economic Survey 2018-19 : Download Click here Refer Key Highlights of Economic Survey 2018-19
GST on Discounts : CBIC Clarification Relevant Circulars on Valuation Circular No 105/24/2019 GST Dated 28.06.2019 : Treatment of secondary or post-sales discounts under GST How to do valuation if Service of Car involve supply of goods and services : Circular No 47/21/2018 GST Dated 08.06.2018 How component manufacturer will do valuation if Free of Cost Supplies… Read More »
Ministry of Finance Clarification regarding Annual Returns and Reconciliation Statement Posted On: 03 JUL 2019 The Government of India has been receiving a number of representations regarding Annual Return (FORM GSTR-9 / FORM GSTR-9A) and Reconciliation Statement (FORM GSTR-9C). In this regard the following clarifications are issued for information of all stakeholders: – a) Payment… Read More »
GUIDANCE NOTE ON DIVISION II – IND AS SCHEDULE III TO THE COMPANIES ACT, 2013 (Revised July 2019 Edition) he Division I to the Schedule III of the Companies Act, 2013 lays down the format for preparation of the financial statements by the Companies that are required to comply with Companies (Accounting Standards), Rules, 2006,… Read More »
GUIDANCE NOTE ON DIVISION II – IND AS SCHEDULE III TO THE COMPANIES ACT, 2013 (Revised July 2019 Edition) The Companies Act, 2013 has been undergoing changes from time to time through various amendments to the Act, Rules and through notifications and circulars of the Ministry of Corporate Affairs which are issued to keep the… Read More »