Monthly Archives: May 2018

GST Helpline : Free Study Material

By | May 31, 2018

GST Helpline : Free Study Material Here is the free study material on GST Helpline [ Join GST online course by CA Satbir Singh)] Website for GST Helpline Government sets up an IT Grievance Redressal Mechanism for GST Portal How to lodge complaint on GST Portal (Self Help) GST Self Help Portal to report issues… Read More »

Approach nodal officers for outlining GST grievances : HC

By | May 31, 2018

HIGH COURT OF DELHI Sare Realty Projects (P.) Ltd. v. Union of India* S. RAVINDRA BHAT AND A.K. CHAWLA, JJ. W.P. (C) NOS. 1300, 2192, 2332, 2333, 2475 AND 2740 OF 2018 CM APPL. NOS. 9058, 9801 10262/11123 OF 2018 APRIL  9, 2018 ORDER   1. Counsel for the Revenue wishes to bring on record copies of Circular… Read More »

State Govt. has power to prescribe documents for goods till eway bill is applicable: HC

By | May 31, 2018

HIGH COURT OF ALLAHABAD U.P. Kar Adhivakta Sangthan (Regd.) v. State of U.P. PANKAJ MITHAL AND UMESH CHANDRA TRIPATHI, JJ. PIL NO. 38246 OF 2017 AUGUST  24, 2017 Naveen Chandra Gupta for the Petitioner. ORDER 1. Heard Sri Naveen Chandra Gupta, learned counsel for the petitioner, Sri Krishna Agarwal, learned counsel appearing on behalf of respondent no.1 and Sri… Read More »

New Form 49A :New PAN Application Form : Download

By | May 31, 2018

New Form 49A :New PAN Application Form : Download Download Form 49A New Form for PAN (Permanent Account Number) Application under Income Tax Act . Why Form No  49A is used Form 49A if Application for Allotment of Permanent Account Number [In the case of Indian Citizens/lndian Companies/Entities incorporated in India/ Unincorporated entities formed in… Read More »

ICAI Submited Draft ” GST Audit Report Formats ” to Finance Ministry

By | May 31, 2018

ICAI Submited Draft ” GST Audit Report Formats ” to Finance Ministry ICAI Indirect Tax Committee has recently drafted GST Audit cum Reconciliation Statement format, which has been submitted to the Government for its consideration on 29.05.2018 As per ICAI recommendation GST audit Report to be issued in GSTR 9C and Statement of particulars in… Read More »

SFT (Statment of Financial Transactions) : Free Study Material

By | May 31, 2018

SFT (Statment of Financial Transactions) : Free Study Material Here is the Free Study Material on SFT Reporting Portal FAQs : SFT: Statement of Financial Transaction How to submit SFT Preliminary Response to Income Tax Department Process for Statement of financial transaction -SFT u/s 285BA modified by CBDT Procedure for Acceptance of SFT Statements from Sub-Registrar… Read More »

Tamil Nadu Intra State Eway Bill from 02.06.2018 : NOTIFICATION No. 09/2018

By | May 31, 2018

Tamil Nadu Intra State Eway Bill from 02.06.2018 NOTIFICATION No. 09/2018 , Rc.46/2018 /Taxation/Al, Dated 31st May, 2018 In exercise of the powers conferred by clause (d) of sub-rule 14 of Rule 138 of the Tamil Nadu Goods and  Services Tax Rules, 2017, Commissioner of State Tax, Tamil Nadu, hereby notifies that no e-way bill… Read More »

31st May 2018 Last Date for submitting SFT for FY 2017-18

By | May 31, 2018

31st May 2018 Last Date for submitting SFT (Statment of Financial Transactions) for FY 2017-18 Check Income Tax Calendar 2018-19 for Month wise Due dates Study Material on SFT Reporting Portal FAQs : SFT: Statement of Financial Transaction How to submit SFT Preliminary Response to Income Tax Department Process for Statement of financial transaction -SFT u/s 285BA… Read More »

How to pay GST on transportation & allied services relating to goods supply : AAR Clarified

By | May 31, 2018

Whether tax is payable on transportation and allied services relating to supply of goods. WEST BENGAL AUTHORITY FOR ADVANCE RULING GOODS AND SERVICE TAX 14 Beliaghata Road, Kolkata – 700015 Name of the applicant IAC Electricals Pvt Ltd Address 701 Central Plaza, 2/6 Sarat Bose Road, Kolkata-20 GSTIN 19AAACI6040B1Z1 Case Number 08 of 2018 Date… Read More »

Activity of printing by photo lab is supply of goods or service under GST : AAR Clarified

By | May 31, 2018

Whether activity of printing by a photo lab is supply of goods or service and its classification Photo Products Company Pvt Ltd WEST BENGAL AUTHORITY FOR ADVANCE RULING GOODS AND SERVICE TAX 14 Beliaghata Road, Kolkata – 700015 Name of the applicant Photo Products Company Pvt Ltd Address 8/2 Sido Kanhu Dahar, Kolkata – 700069… Read More »

Fugitive Economic Offenders : Free Study Material

By | May 31, 2018

Fugitive Economic Offenders : Free Study Material Here is the free study Material on Fugitive Economic Offenders : Free Study Material on Fugitive Economic Offenders Fugitive Economic Offenders Ordinance 2018 Fugitive Economic Offenders Ordinance 2018 : Features Fugitive Economic Offenders (Application for Declaration of Fugitive Economic Offender) Rules, 2018 Fugitive Economic Offenders (Issuance of Attachment Order) Rules, 2018.… Read More »

How to do Valuation of supplies to branches in other states : AAR Clarified

By | May 31, 2018

Whether value of supplies to branches in other states is to be determined under Second Proviso to Rule 28. WEST BENGAL AUTHORITY FOR ADVANCE RULING GOODS AND SERVICE TAX 14 Beliaghata Road, Kolkata – 700015 Name of the applicant GKB Lens Pvt Ltd Address P-46, Kasba Industrial Estate, Phase II, Kolkata – 700107 GSTIN 19AACCG3446M1ZA… Read More »

GST DRC 03 available on GST Portal for making voluntary payments by a taxpayer.

By | May 31, 2018

GST DRC 03 Form GST DRC 3 now available on GST Portal for making voluntary payments by a taxpayer. GST DRC 3 is Intimation of payment made voluntarily or made against the show cause notice (SCN) or statement Refer Reduced penalty Payment Option on GST portal Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides… Read More »

Circular No 45/19/2018 GST : Refund issue Clarified by CBIC : Dated 30th May 2018

By | May 30, 2018

Circular No 45/19/2018 GST Summary of Circular No 45/19/2018 GST Dated  30th May, 2018  Govt. has clarified that in case of a claim for refund of balance in the electronic cash ledger filed by an ISD or a composition taxpayer and non-resident taxable person, the filing of the details in GSTR-1 and GSTR-3B is not mandatory.… Read More »

West Bengal intra State Eway Bill from 03.06.2018 : Notification No 11/2018 CT/GST

By | May 30, 2018

Notification No 11/2018 CT/GST Summary of Notification No 11/2018 CT/GST Seeks to notify that intra-State e-way bill shall effective from the 3rd day of June, 2018 in place of the 1st day of June, 2018.Notification No 11/2018-C.T./GST Dated 28th May 2018 Read also   Notification No 13/2018 C.T./GST : West Bengal intra state Eway bill if consignment value… Read More »

Deduction allowed for payment to sugarcane grower in excess of administered price : HC

By | May 30, 2018

Mere use of the word “advance” in the letter of the Sugarcane Growers Association by itself would not change the character of the payment, especially when the amount paid was an ascertained liability and the assessee was following mercantile system of accounting and the payment was also done during the relevant accounting year. Furthermore, the… Read More »

New GST Notifications 28.05.2018 and News

By | May 30, 2018

New GST Notifications and News Notification No 24 /2018 Central Tax : Authority Notified to conduct exam of GST Practitioners Notification No 11/2018 Central Tax (Rate) : RCM on Priority Sector Lending Certificate (PSLC) Notification No 12/2018 Integrated Tax (Rate) : RCM on Priority Sector Lending Certificate (PSLC) Notification No 11/2018 Union Territory Tax (Rate)… Read More »

Category: GST

GST Calander for 2018-19 ( Due dates )

By | May 30, 2018

GST Calander for 2018-19 ( Due dates ) 31/05/2018 -GSTR-1 : Outward Supplies (April 2018) Refer Notification No 18/2018 Central Tax Dated  28th March, 2018 [Monthly Return  if annual aggregate turnover more than Rs. 1.5 crore] 31/05/2018 –  GSTR-6 Input Service Distributor (July 2017 to April 2018) refer Notification No 19/2018 Central Tax Dated  28th March, 2018 10/06/2018 –  GSTR-1: Outward Supplies  (May… Read More »

Income Tax Efiling Website : Free Study Material

By | May 30, 2018

Income Tax Efiling Website : Free Study Material Functions you can perform on Income Tax Efiling Website Incometaxindiaefiling : Login and List of Other Functions you can perform Income Tax India Help Desk Number / Income Tax India e-Filing Helpline Numbers Registration on Income Tax Efiling Website How to Register on Income Tax Efiling Website Registration on Income… Read More »

GST Classification : Free Study Material

By | May 30, 2018

GST Classification : Free Study Material Here is the free Study Material on Classification under GST Free Study Material on Classification under GST HSN Code under GST : Free Study Material Explanatory Notes to Scheme of Classification of Services under GST :Issued by CBIC  Circular No 20/20/2017 IGST : Classification and GST rate on Terracotta idols Classification… Read More »

Notification No 11/2018 Union Territory Tax (Rate) : RCM on Priority Sector Lending Certificate (PSLC)

By | May 29, 2018

Notification No 11/2018- Union Territory Tax (Rate) Seeks to amend notification No. 04/2017- Union Territory Tax (Rate) dated 28.06.2017 so as to notify levy of Priority Sector Lending Certificate (PSLC) under Reverse Charge Mechanism (RCM) via Notification No 11/2018- Union Territory Tax (Rate) Dated May 28th 2018 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,… Read More »

Notification No 12/2018 Integrated Tax (Rate) : RCM on Priority Sector Lending Certificate (PSLC)

By | May 29, 2018

Notification No 12/2018 Integrated Tax (Rate) Seeks to amend notification No. 04/2017- Integrated Tax (Rate) dated 28.06.2017 so as to notify levy of Priority Sector Lending Certificate (PSLC) under Reverse Charge Mechanism (RCM) via  Notification No 12/2018 Integrated Tax (Rate) New Delhi, the May 28th 2018 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY,… Read More »

Notification No 11/2018 Central Tax (Rate) : RCM on Priority Sector Lending Certificate (PSLC)

By | May 29, 2018

Notification No 11/2018 Central Tax (Rate) Summary of Notification No 11/2018 Central Tax (Rate) :- Seeks to amend notification No. 04/2017- Central Tax (Rate) dated 28.06.2017 so as to notify levy of Priority Sector Lending Certificate (PSLC) under Reverse Charge Mechanism (RCM) Via  Notification No 11/2018 Central Tax (Rate) Dated May 28th 2018   [TO BE… Read More »

Transfer of business as going concern exempts from GST: Karnataka AAR

By | May 29, 2018

Transfer of business as ‘going concern’ exempts from GST: Karnataka AAR AUTHORITY FOR ADVANCE RULINGS, KARNATAKA Rajashri Foods (P.) Ltd., In re HARISH DHARNIA AND DR. RAVIPRASAD, MEMBER ADVANCE RULING NO. KAR ADRG 06 OF 2018 APRIL  23, 2018 RULING   1. M/s Rajashri Foods Private Ltd,, (hereinafter referred to as ‘Applicant’ holding GSTIN number 29AAACR6946B1ZC, having registered address… Read More »

Notification No 24 /2018 Central Tax : Authority Notified to conduct exam of GST Practitioners

By | May 29, 2018

Notification No 24 /2018 Central Tax seeks to notify NACIN as the authority for conducting the examination for GST Practitioners under rule 83 (3) of the CGST Rules, 2017. Notification No 24 /2018 Central Tax Dated 28th May, 2018 [ Also refer Rule 83A of CGST Rules 2017 : Examination of GST Practitioners ] [To be published in… Read More »

How to opt and Submit response for e-Proceeding on IncomeTaxIndiaEfiling

By | May 29, 2018

e-Proceeding – Plan for Paperless Proceeding The process of managing the ITD-related proceedings electronically is known as e-proceedings. In place of handling the proceedings manually, user can manage their proceedings online through assigned Income Tax Officer (ITO). With an assigned ITO, assessee can communicate online to reduce visits in IT office for regular issues. The… Read More »

How to Submit and Check Grievance on Incometaxindiaefiling.gov.in

By | May 29, 2018

How to Submit and Check Grievance on Incometaxindiaefiling.gov.in The ‘e-Nivaran’ offers a paperless mode of lodging the complaints, uploading necessary documents, getting the complaint processed and track status of redressal of the same. Submit Grievance User can submit Grievance related to Assessing Officer, e-Filing portal, Centralized Processing Centre (CPC), TDS Reconciliation Analysis and Correction Enabling System (TRACES),… Read More »

Reporting Portal FAQs : SFT: Statement of Financial Transaction

By | May 29, 2018

Reporting Portal : FAQs Version 2.0 (April 2018)  SFT Preliminary Response submission and view facility has been moved to reporting portal. Kindly go to Reporting Portal under ‘My Account’ menu. Refer to Reporting Portal  https://report.insight.gov.in 1. Overview 1. Who is a Reporting Entity? Reporting Entity or Reporting Person is an entity which is required to furnish a Statement of… Read More »

How to submit SFT Preliminary Response to Income Tax Department

By | May 29, 2018

SFT Preliminary Response Note: SFT Preliminary Response submission and view facility has been moved to reporting portal. Kindly go to Reporting Portal under ‘My Account’ menu. Refer to Reporting Portal  https://report.insight.gov.in user guide available under Resources section of reporting portal for more details. Income Tax Efiling Website : Free Study Material

How to respond against Large Value Transaction on incometaxIndiaefiling.gov.in

By | May 29, 2018

Respond against the Large Value Transaction Perform the following steps to reply on such notice: Step 1 Logon to ‘e-Filing’ Portal www.incometaxindiaefiling.gov.in Step 2 Go to the ‘Compliance’ menu located at upper-right side of the page ⇒ Click ‘Non-PAN Transaction’ Step 3 Enter the ‘Transaction Sequence Number’ (TSN) ⇒ Click Search Step 4 Click ‘Submit to View further details’ Step 5 Choose the correct response… Read More »

How to submit Response if you have not filed your ITR on incometaxIndiaefiling.gov.in

By | May 29, 2018

Submit Response if you have not filed your ITR regularly If the taxpayer received a notice for non-filing of income tax return from ITD for particular Assessment Year (AY), first understand that why you have received notice. Afterwards, the taxpayers will simply need to logon the e-Filing portal to submit the online response on the… Read More »

How to resolve Mismatch related Information in ITRs on incometaxIndiaefiling.gov.in

By | May 29, 2018

Resolve the Mismatch related Information in ITRs Through ‘e-Sahyog’ initiative. The objective of ‘e-Sahyog’ is to provide an online mechanism to resolve mismatches in Income-tax returns of those assesses whose returns have been selected for enquiry where mismatch related to the taxpayer has been detected on account of the difference between the information submitted by… Read More »

How to Change Details in e-Filed Income Tax Returns on IncomeTaxIndiaEfiling

By | May 29, 2018

How to Change Details in e-Filed Income Tax Returns  After upload of the ITR, if any change occurs in taxpayers Bank Account, Address, Mobile number and e-mail id, then taxpayer can update these changes through ‘Change ITR Form Particulars’. Any update can be made only prior to processing of the return. Perform the following steps… Read More »

Circular No 12/2018 Customs : Sanction of pending IGST refund claims : 29th May 2018

By | May 29, 2018

Circular No 12/2018 Customs Sanction of pending IGST refund claims where the records have not been transmitted from the GSTN to DG Systems -reg Circular No. 12/2018-Customs Dated 29th May, 2018 Circular No. 12/2018-Customs F. No. 450/119/2017-CusIV Government of India Ministry of Finance Department of Revenue (Central Board of Indirect Taxes and Customs) Room No. 227-B,… Read More »

GST on farmers : Govt Clarification 28.05.2018

By | May 29, 2018

GST on farmers and Vacant Land leasing Video Tutorial by CA Satbir Singh (Voice in Hindi)  explaining GST on farmers and Vacant Land leasing  [Join GST Online Course by CA Satbir Singh ] Ministry of Finance No change in the GST law and taxation relating to farmers since July, 2017; Support Services to agriculture, forestry, fishing… Read More »

GST payable on rental premises taken by Hospital on lease : AAR

By | May 28, 2018

whether GST is leviable on the amount of rent paid/payable by them towards leasing of the premises by the hospital or not ? There is no provision available in the Act which allows exemption on an input service if the output service provided by the taxable person is exempt.  [Join GST Online Course by CA… Read More »

TRAN 2 Due Date

By | May 28, 2018

TRAN 2 Due Date Original /Extended Due Date Refer Extended 30 June 2018 Order No 1 /2018  Central Tax :28th March 2018 Original 31st March 2018,  rule 117(4) of the Central Goods and Services Tax Rules, 2017