Daily Archives: June 5, 2017

How to Sign Invoices under GST

By | June 5, 2017

Q: Is it mandatory GST Invoice rule to have digital signature, if the invoice is not signed manually by the authorized signatory? Under Rule 1(p) of Invoice rules, tax invoice requires signature or digital signature of the supplier or his authorized representative. [ Reply as per Twitter Account of Govt of India for GST queries of… Read More »

IGST on Inter state Service Bills

By | June 5, 2017

Sir, can IGST be charged on the Inter State Service Bill where service was rendered in that particular State. If based on Location of supplier and Place of Supply of that particular service, it is an interstate supply, IGST will have to be charged. [ Reply as per Twitter Account of Govt of India for GST… Read More »

Handbook on Valuation by CA Kamal Garg 2017 Edition

By | June 5, 2017

Handbook on Valuation  – 2017 by Kamal Garg (CA) (Author) This book contains topic like: * Fundamentals of valuation * Regulatory Framework and Value Drivers * Forecasting and Valuation * Approaches to Valuation * Financial Instruments * Share Based Payments (ESOPs) * Valuation of Goodwill Brand, Shares and Business * Mergers and Acquisitions * Project Planning… Read More »

Furnish Form 16 to employees till June 15, 2017 – Notification

By | June 5, 2017

Furnish Form 16 to employees extended till June 15, 2017 MINISTRY OF FINANCE (Department of Revenue) (CENTRAL BOARD OF DIRECT TAXES) NOTIFICATION New Delhi, the 2nd June, 2017 INCOME-TAX G.S.R. 546(E).—In exercise of the powers conferred by section 295 of the Income-tax Act, 1961 (43 of 1961), the Central Board of Direct Taxes, hereby makes… Read More »

How to pay GST if employee provide services in other state staying in own home

By | June 5, 2017

Q Sir..if company doesn’t have office in other state but resident service employee (staying in own home) who provides service there – is registration required under GST ? Based on the circumstances of the case, if the supply is not made from that state then registration is not required. [ Reply as per Twitter Account of Govt… Read More »

ITC eligible on GST charged on interest / penalty for late payment of consideration

By | June 5, 2017

Q : Is input tax credit eligible on gst charged by the vendor on interest/ penalty for late payment of consideration Interest/penalty/late fee for delayed payment of consideration is included in Value of supply under Section 15(2)(d). Hence, GST payed on it is  eligible for ITC subject to fulfilment of other conditions to avail ITC. [… Read More »

Prevention of Money-laundering Rules Amendment – Notification – PAN / Aadhaar Mandatory

By | June 5, 2017

Prevention of Money-laundering (Maintenance of Records) Second Amendment Rules, 2017 : Govt mandates reporting of Aadhaar and PAN to authorities MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 1st June, 2017 G.S.R. 538(E).—In exercise of the powers conferred by sub-section (1) read with clause (h), clause (i), clause (j) and clause (k) of… Read More »

ITC of Cess paid under GST Allowed

By | June 5, 2017

Q Whether ITC in respect of cess payment under GST regime allowed ? Yes. ITC of input tax (as defined u/s 2(g) of GST (Compensation to States) Act, 2017) will be available for payment of cess Provisions relating to ITC in CGST Act are extended to cesses vide section 11(1) of GST (Compensation to States) Act.… Read More »

Whether Deemed Export status to continue under GST for Supplies to 100% EOU

By | June 5, 2017

Q Deemed Export status to continue on supplies made to a 100% EOU ? No special treatment prescribed in the Act. Only those supply of goods which shall be notified under Section 147, will be deemed exports in GST. [ Reply as per Twitter Account of Govt of India for GST queries of Taxpayers ] Read Other related… Read More »

GST in Hindi Book GST Kanoon 2017 Latest Books

By | June 5, 2017

GST in Hindi Book Here we have compiled GST in Hindi Book by  Taxmann and Commercial Publications April 2017 Edition GST Kanoon(Law) -Vivaran avam Visheshataen Sahit (Hindi) Paperback – 2017 by Taxmann (Author) Price Rs 325 Click to buy online Paperback: 272 pages Publisher: Taxmann Publications Pvt. Ltd.; April 2017 Edition edition (2017) Language: Hindi Commercial’s GST… Read More »

Category: GST