Empanelment of Central Bank of India Concurrent Audit for 2019 Jan to dec

By | November 16, 2018

Share this on WhatsAppCENTRAL BANK OF INDIA, CENTRAL AUDIT & INSPECTION DEPT. CENTRAL OFFICE, MUMBAI GUIDELINES FOR SUBMITTING ONLINE APPLICATION FOR CONCURRENT AUDIT ASSIGNMENT IN CENTRAL BANK OF INDIA FOR THE YEAR 2019 (Jan-Dec) Last Date for filing Online Applications: 26.11.2018. PLEASE KEEP FOLLOWING INFORMATION READY: 1. BRANCH CODE OF CENTRAL BANK OF INDIA BRANCH… Read More »

Summary of Provisions of Companies (Amendment) Ordinance 2018

By | November 16, 2018

Share this on WhatsAppSummary of Provisions of The Companies (Amendment) Ordinance 2018 ICAI has prepared Summary of Provisions on the Companies (Amendment) Ordinance 2018  Click here to Download Summary of the Notification dated 2nd November,2018 regarding Provisions of The Companies (Amendment) Ordinance 2018 – (15-11-2018)  Share this on WhatsApp

Change in Income Tax law of Charitable Trust

By | November 16, 2018

Share this on WhatsAppChange in tax law of Charitable Trust Analysis of amendments related to Charitable and religious trusts by Finance Act, 2017 Finance Act’2017 had made some major changes relating to Charitable and religious trusts. These amendments have far reaching impact on the taxation of Charitable and religious trusts. In this Article we have discussed… Read More »

E-Way Bill System New FAQs

By | November 16, 2018

Share this on WhatsAppE-Way Bill System Dated: 01/10/2018 P a g e | 1 New FAQs (Dated: 01-10-2018) What should I do if I don’t have ‘Transporter Id’ but want to enter and generate ‘Part-A slip’? This is not possible as per rule 138(3). If the tax payer is not having the details of ‘Transporter… Read More »

GST Exemption to Indian Institute of Management : AAR

By | November 16, 2018

Share this on WhatsAppThe Applicant is an ‘educational institution’ within the meaning of sub-clause (ii) of clause 2(y) of Notification No. 12/2017-Central Tax (Rate) dated 28/06/2017 . The Applicant is eligible for benefit for exemption under Entry No. 66(a) of Notification No. 12/2017-CT(Rate) dated 28/06/2017, being an educational institution in terms of clause 2(y) of… Read More »

Pay GST on Reimbursement of Toll Taxes : AAR

By | November 16, 2018

Share this on WhatsAppWhether toll charges are deductible under rule 33  from the value of supply, being expenditure incurred as a pure agent under the CGST/WBGST Acts, 2017 Held The agreements mention that toll and parking charges will be paid on the actual amount. But the Banks do not specifically authorize the Applicant as a… Read More »

No GST Exemption on renting of godown for storage of agricultural produce : GUJARAT AAR

By | November 16, 2018

Share this on WhatsApp AUTHORITY FOR ADVANCE RULINGS, GUJARAT Rishi Shipping., In re R.B. MANKODI AND G.C. JAIN, MEMBER ADVANCE RULING NO. GUJ/GAAR/R/2018/4 MARCH  20, 2018 Haresh Vaishnav for the Applicant. RULING 1. The applicant M/s. Rishi Shipping has submitted that the company is a Cargo Handling company operating at Kandla Port Trust under stevedoring license issued by Kandla Port… Read More »

6% Growth in Pharma Sector after GST

By | November 16, 2018

Share this on WhatsAppMinistry of Chemicals and Fertilizers Impact of GST has largely been positive and constructive on Pharma Sector: Shri Mansukh Mandaviya Figures show significant positive impact on Annual Turnover, Exports of Pharma Sector and Drug Approvals post implementation of GST Posted On: 15 NOV 2018 Impact of Goods and Services Tax (GST) on… Read More »

Result of GST Practioners Exam held on 31.10.2018

By | November 15, 2018

Share this on WhatsAppRESULT OF EXAMINATION OF GST PRACTITIONERS HELD ON 31.10.2018 National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has conducted examination for confirmation of enrollment of Goods and Services Tax Practitioners (GSTPs) in terms of second proviso to sub-rule (3) of rule 83 of the Central Goods and Services Tax Rules, 2017.… Read More »

5 Key Points about GST Provisional Assessment

By | November 15, 2018

Share this on WhatsApp5 Key Points about GST Provisional Assessment Key Point -1 Provisional Assessment under Section 60 of CGST Act is an assessment undertaken at the request of the registered person. The provisional assessment cannot be resorted to by the proper officer on a suo-motu basis. Key Point -2 The facility of provisional assessment… Read More »

Provisional Assessment under GST [Video Tutorials ]

By | November 15, 2018

Share this on WhatsAppProvisional Assessment under GST Video Tutorial by CA Satbir Singh  . Join and Watch Free GST Course by CA Satbir Singh Related Post Free GST Online Course [ Videos ] by CA Satbir Singh What Assessment under CGST Act? “assessment” means determination of tax liability under this Act and includes self-assessment, re-assessment,… Read More »

Companies Registered Valuers and Valuation 4th Amendment Rules 2018

By | November 15, 2018

Share this on WhatsAppCompanies Registered Valuers and Valuation 4th Amendment Rules 2018. Eligibility Qualification and Experience for Registration as Valuer Government of India Ministry of Corporate Affairs Notification New Delhi, the 13th November, 2018 G.S.R….…(E).– In exercise of the powers  conferred  by  section  247 read with section 469 of the Companies Act, 2013 (18  of  2013),… Read More »

Adjudicating Authority appointed under Prohibition of Benami Property Transactions Act 1988

By | November 15, 2018

Share this on WhatsAppNOTIFICATION New Delhi, the 12th November, 2018 S.O.5676(E).─ In exercise of powers conferred by clause (d) of sub-section (1) of section 10 of the Prohibition of Benami Property Transactions Act, 1988 (45 of 1988), the Central Government hereby specifies that the New Delhi Bench of the Adjudicating Authority appointed under section 7… Read More »

National Financial Reporting Authority Rules 2018 : Download /Print

By | November 15, 2018

Share this on WhatsAppNational Financial Reporting Authority Rules 2018 GOVERNMENT OF INDIA MINISTRY OF CORPORATE AFFAIRS NOTIFICATION New Delhi, 13th November’ 2018 G.S.R. -(E). ln exercise of the powers conferred under sub-sections (2) and (4)of section 32, sub-section(1) of section 139 and sub-section(1)of section 469 of the Companies Act,2013 (18of2013),the Central Government here by makes… Read More »

GST on Long duration post graduate diploma programmes by IIM : AAR Clarify

By | November 14, 2018

Share this on WhatsAppWhether the long duration post graduate diploma/degree granting programmes offered by the Indian Institute of Management, Bengaluru other than specifically mentioned in Sl.No.67 of Notification No.12/2017 – Central Tax (Rate) dated 28th June 2017 as amended by Notification No.2/2018 dated 25th January 2018 are exempted from the GST output liability on education… Read More »

How to Accept GST TDS deducted by Deductee

By | November 14, 2018

Share this on WhatsAppSteps for Acceptance of TDS Credit by Deductee under GST w.e.f 01.10.2018 any eligible payment received from the Specified persons where contract price exceeding RS 2.50 Lakhs , [1% CGST & 1% SGST/UTGST ( In case of Intra State Supply of Goods / Services)] or [2% IGST ( In case of Inter… Read More »

UP GST Deptt to do e-hearing assessment of corporate dealers

By | November 14, 2018

Share this on WhatsAppUttar Pradesh GST Department to conduct e-hearing assessment of corporate dealers for transparency and minimum interface with trader.   Uttar Pradesh GST Department has decided to make assessment of corporate dealers through e-hearing by letter No 94/1819062 Dated 02.11.2018 Earlier a corporate circle was formed with the objective that in each zone… Read More »

Multiple Vehicle Option for e-Way bill on Eway Bill Portal

By | November 14, 2018

Share this on WhatsAppMulti Vehicle Option for e-Way bill Video Explanation on Multi Vehicle Option for e-Way bill Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English) The new option has been introduced on Eway Bill System (https://ewaybillgst.gov.in) wherein the consignment of one e-way bill has to be moved in multiple vehicles, after… Read More »

How to get GST TDS Refund

By | November 14, 2018

Share this on WhatsAppHow to get GST TDS Refund GST Law also mandates Tax Deduction at Source (TDS) vide Section 51 of the CGST/SGST Act 2017, Section 20 of the IGST Act, 2017 and Section 21 of the UTGST Act, 2017. GST Council in its 28th meeting held on 21.07.2018 recommended the introduction of TDS from… Read More »

GST Summary Assessment [ Video Tutorial ]

By | November 14, 2018

Share this on WhatsAppSummary Assessment under GST Video Tutorial by CA Satbir Singh  . Join and Watch Free GST Course by CA Satbir Singh Related Post Free GST Online Course [ Videos ] by CA Satbir Singh What Assessment under CGST Act? “assessment” means determination of tax liability under this Act and includes self-assessment, re-assessment,… Read More »

6 New E-way Bill Changes from 16.11.2018

By | November 14, 2018

Share this on WhatsAppNational Informatics Centre E-way Bill Project Proposed improvements in e-way bill generation, being released on 16.11.2018 1. Checking of duplicate generation of e-way bills based on same invoice number The e-way bill system is enabled not to allow the consignor/supplier to generate the duplicate e-way bills based on his one document. Here,… Read More »

5 Key Points about GST Summary Assessment

By | November 12, 2018

Share this on WhatsAppGST Summary Assessment Key Points of GST Summary Assessment Explained by CA Satbir Singh Key Point 1 The proper officer can not do suo-moto  summary Assessment He has to obtain prior permission of Additional/Joint Commissioner to proceed to assess the tax liability. Key Point 2 summary assessment can not be initiated mere… Read More »

Govt should issue order for correction of error in TRAN-1 : HC

By | November 12, 2018

Share this on WhatsAppHIGH COURT OF BOMBAY O/E/N India Ltd. v. Union of India M.S. SANKLECHA AND RIYAZ I. CHAGLA, JJ. WRIT PETITION NO. 2086 OF 2018 SEPTEMBER  26, 2018 Dr. Abhinav Chandrachud for the Petitioner. Pradeep S. Jetly, J.B. Mishra and Ms. Jyoti Chavan, AGP for the Respondent. ORDER 1. This Petition under Article 226 of the Constitution of India seeks a direction to… Read More »

New GST News 12.11.2018

By | November 12, 2018

Share this on WhatsAppNew GST News 12.11.2018 [ Join online GST Course by CA Satbir Singh ] New GST News Free GST Online Course [ Videos ] by CA Satbir Singh 5 Key Points for GST Registration Cancellation 5 Important Points about Casual Taxable Person under GST How to Cancel GST Registration [Part 1 Video… Read More »

Applicability of GST TDS on Inter State Supply ?

By | November 12, 2018

Share this on WhatsApp GST TDS on Inter State Supply ? Whether TDS provisions under GST will apply in case of Inter State Supply ? GST TDS Provision under IGST Act As per Section 20 of IGST Act 2017  :Application of provisions of Central Goods and Services Tax Act. 20. Subject to the provisions of this Act and… Read More »

How to File GST Appeal with Commissioner (Appeal)

By | November 12, 2018

Share this on WhatsAppHow to File GST Appeal with CIT (Appeal) How to file GST Appeal Video Tutorial by CA Satbir Singh GST Appeal Can be Filed with  Appellate Authority : First appeal before ‘Appellate Authority’.Appellate Authority will be departmental officer. ( Commissioner (appeals) . As per Section 2(8) of CGST Act 2017 “Appellate Authority” means… Read More »