Daily Archives: May 20, 2017

Final GST Refund Forms Approved by GST Council 18.05.2017

By | May 20, 2017

Final GST Refund Forms Approved by GST Council 18.05.2017 Following are the Final GST Refund formats approved by GST Council as per  Final GST Refund Rules Approved by GST Council 18.05.2017 Final GST Refund Forms Approved by GST Council 18.05.2017 Sr No Form No Content 1 GST RFD 01 Application for Refund –Annexure 1 Details… Read More »

Direct Taxes Law & Practice (Professional Edition) 2017 Book Vinod K Singhania & Dr. Kapil Singhania

By | May 20, 2017

Direct Taxes Law & Practice (Professional Edition) by Dr. Vinod K Singhania & Dr. Kapil Singhania (Author) With : Case Studies, Tax Planning ****As Amended by Finance Act 2017 Price Rs 2475 Click to buy online Hardcover: 2368 pages Publisher: Taxmann Publications Pvt. Ltd.; Asst. Year 2017-18 & 2018-19 edition (2017) Author : Vinod K Singhania  Kapil Singhania Edition… Read More »

Final GST Payment of Tax Rules approved by GST Council 18.05.2017 Download Print

By | May 20, 2017

Chapter- — PAYMENT OF TAX [ Final GST Payment of Tax Rules 2017 as approved in GST Council meeting held on 18.05.2017 ] 1. Electronic Liability Register (1) The electronic liability register specified under sub-section (7) of section 49 shall be maintained in Form GST PMT -01 for each person liable to pay tax, interest, penalty, late fee… Read More »

Comparison of GST Final Rules with Draft Rules and its changes – ICAI Indirect Tax Committee

By | May 20, 2017

Dear Professional Colleague, Greetings from Indirect Taxes Committee! The 14th Goods and Services Tax (GST) Council Meeting GST Council has broadly approved the GST rates for goods at nil rate, 5%, 12%, 18% and 28% to be levied on certain goods along with the rates of GST Compensation Cess to be levied on certain goods.… Read More »

GST Exempt Services List as Approved by GST Council 19.05.2017 Download Print

By | May 20, 2017

GST Exempt Services The GST Council on 19.05.2017 has broadly approved the GST Exempt Services List and GST rates for services at Nil, 5%, 12%, 18% and 28% as listed  [ Read   GST Rates for Services – Approved by GST Council 19.05.2017 – Download – Print ] . The information is being uploaded immediately after the GST… Read More »

Unrealised foreign exchange loss on a loan obtained for Asset purchases in India

By | May 20, 2017

Unrealised foreign exchange loss, loan to purchase of assets in India The Chennai Bench of the Income Tax Appellate Tribunal held that an unrealised foreign exchange loss on a loan obtained for the purpose of asset purchases was a “revenue loss” and therefore was allowable as deduction. The case is: Hyundai Motor India Ltd. Read a May… Read More »