New GST ITC Utilization Process : Proposed GST Amendment It is proposed to amend clauses (c) and (d) of Section 49 of CGST Act to provide that the credit of State tax/ Union territory tax can be utilized for payment of integrated tax only when the balance of the input tax credit on account of… Read More »
Amendment in GST Return will be Allowed : Proposed GST Act Amendment Draft Proposal for Amendments in GST Laws Released 09.07.18 : Download /Print Analysis by CA Satbir Singh on Proposed GST Amendment regarding Amendments in GST Return
ITC on Vehicles will be allowed : Proposed GST Amendment Draft Proposal for Amendments in GST Laws Released 09.07.18 : Download /Print Analysis by CA Satbir Singh on Proposed GST Amendment regarding ITC on Vehicles
GST ITC on obligatory Foods and beverages, health services, travel benefits to employees will be allowed : Proposed GST Amendment Presently, in accordance with the provisions of section 17(5)(b), ITC is not available in respect of food and beverages, health services, travel benefits to employees etc. This sub-section is being amended to allow ITC in respect… Read More »
Whether Cash Loan can be taken from Wife by Husband for the purchase of house ? Video Explanation by CA Satbir Singh in Hindi Facts of the case : The assessee has taken cash loan of Rs. 1 lakh and 3 lakhs on 01.04.2006 and 30.09.2006 respectively from Meena Sood for which penalty proceedings u/s… Read More »
Benefits and process of investment in Public Provident Fund Account (PPF) 15 year Public Provident Fund Account (PPF) Interest payable, Rates, Periodicity etc. Minimum Amount for opening of account and maximum balance that can be retained From 1.01.2018, interest rates are as follows:- 7.6% per annum (compounded yearly). Minimum INR. 500/- Maximum INR. 1,50,000/- in… Read More »
How to Check GST Return Status of Creditors based on GSTIN
Aadhar PAN Link : Date Extended till 31.03.2019 : CBDT Notification Video Explanation by CA satbir Sing on Date Extension for Aadhar PAN Link : in Hindi Download Notification on Aadhar PAN Link Date Extension F.No 225/270/2017/ITA.II Dated 30 June 2018 Earlier Due date for linking Aadhaar with PAN was Extended till June 30, 2018 by… Read More »
New GST Notifications 29.06.2018 : GST News 352 Video Explanation by CA Satbir Singh Notification No 12/2018 Central Tax (Rate) Dated 29.06.2018 : Exemption on purchases from unregistered person u/s 9(4) of CGST Act extended Notification No 13/2018 Integrated Tax (Rate) Dated 29.06.2018 : Exemption on Supply from unregistered person u/s 5(4) of IGST Act… Read More »
Whether Handwritten GST number on invoice is allowed ? Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English) explaining whether Handwritten GST number on invoice is allowed You can have Handwritten GST number on invoice. Refer Rule 46 of CGST Rule read with Rule 48 of CGST Rule does not says that GSTIN Number… Read More »