Daily Archives: October 3, 2017

GST on Reimbursements to employees : ICAI Suggestions

By | October 3, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 17. Reimbursements to employees for business purposes whether liable to reverse charge u/s 9(4) of CGST ACT, if the supply of goods/service is from an unregistered person. Section 9(4) of CGST Act, 2017 provides that a registered person will be liable to… Read More »

Category: GST

Mandatory registration under Reverse Charge triggering sec 9(4) GST : ICAI

By | October 3, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 16. Mandatory Registration under section 9(3) for Reverse Charge purpose need not trigger the provisions of section 9(4) Section 9(3) of the CGST Act, 2017 provides that the Government may, on the recommendations of the Council, by notification, specify categories of supply… Read More »

Category: GST

New Scheme for Rebate of State Levies on Export of Garments & Made-ups : ROSL Scheme : NOTIFICATION

By | October 3, 2017

MINISTRY OF TEXTILES NOTIFICATION New Delhi, the 28th September, 2017 SCHEME FOR REBATE OF STATE LEVIES ON EXPORT OF GARMENTS AND MADE UPS- POST GST INTERIM RATES OF ROSL No.14/26/2016-IT – In pursuance of the decision of the Government of India to initiate measures for reforms to boost employment generation in the employment intensive textiles… Read More »

Include Provision of service under supply Definition in GST : ICAI

By | October 3, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 10. Term Provision to be included in Definition of Supply Section 7(1) of CGST Act, 2017 provides that the expression “supply” includes–– (a) all forms of supply of goods or services or both such as sale, transfer, barter, exchange, licence, rental,… Read More »

Category: GST

Define Location of supplier of goods under GST : ICAI

By | October 3, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 9. Definition of “Location of the supplier of goods” Section 2 (70) & (71) of CGST Act, 2017 defines “Location of the recipient of services” & “Location of the supplier of services” but does not define “Location of the supplier of… Read More »

Category: GST

Change definition of Job Work : ICAI suggestion

By | October 3, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 8. Definition of Job Work – Repair should be part of Job Work Section 2(68) of CGST Act provides that “job work” means any treatment or process undertaken by a person on goods belonging to another registered person and the expression… Read More »

Category: GST

Sale of Canned software not included as services under GST : ICAI suggestion

By | October 3, 2017

Suggestions on GST Implementation Issues 28.09.2017 by ICAI Indirect Tax Committee Law Related Issues 6. Sale of Canned software not included as services Section 2 (52) of CGST Act, 2017 defines goods as ‘every kind of movable property other than money and securities but includes actionable claim, growing crops, grass and things attached to or… Read More »

Category: GST

Income Tax Officers to notify demand due from Sick Companies

By | October 3, 2017

MISCELLANEOUS – LODGING OF TAX ARREAR CLAIMS AND IMPLEADING AS A PARTY BEFORE NCLTs LETTER [F.NO.ADDL.DIT(R)/BIFR/2017-18/8/733], DATED 20-9-2017 Kindly refer to the above captioned matter. 2. The Directorate looks after the cases of sick companies which require rehabilitation/resolution of sickness. Previously the sick companies used to move Board for Industrial and Financial Reconstruction (BIFR) under the Sick… Read More »

Salary in NRE account of non-resident seafarer not taxable in India: ITAT

By | October 3, 2017

Held we are of the view that CBDT has issued a Circular No. 13/2017 dated 11.04.2017 wherein CBDT has clarified that the salary accrued to a non-resident seafarer for services rendered outside India on a foreign ship shall not be included in the total income merely because the salary has been credited in the NRE account maintained… Read More »

AO can’t pass order because PAN was still lying within his jurisdiction

By | October 3, 2017

Held In the present case, the jurisdiction is transferred by Commissioner of Income Tax-3, Mumbai on 19-12-2014. The copy of order transferring jurisdiction was sent to the DCIT 3(1)(1), Mumbai and to other concerned officials but not to ITO 3(1)(3) who passed assessment order in the case of assessee. If the information given in jurisdiction… Read More »