Daily Archives: May 19, 2018

HSN code of lottery ticket for Payment of GST : CBEC Circular

By | May 19, 2018

HSN code of lottery ticket for Payment of GST  Though lottery tickets have been considered as goods in GST, there is no HSN code. Hence, GST should be paid under heading ‘Any Chapter’ of the First Schedule to the Customs Tariff Act, 1975 (51 of 1975) and tax on lottery should be paid accordingly at prescribed rates, 12% or… Read More »

Relaxation is giving HSN code or accounting code of service under GST

By | May 19, 2018

What is relaxation is giving HSN code or accounting code of service under GST HSN code is 8 digit code. Service Accounting Code is 6 digit code. However, in invoice, relaxation can be given by CBI&C in indicating the number of digits of HSN code for goods or the Accounting Code for services for class of registered persons – – first proviso to Rule 46 of CGST and SGST Rules, 2017. The relaxation… Read More »

How to make GST Payment if supplying OIDAR service from out of India 

By | May 19, 2018

How to make GST Payment if supplying OIDAR service from out of India   Person supplying OIDARservice from out of India to a non-taxable online recipient may deposit the amount in Electronic Cash Ledger through CBE&C’s payment system i.e. Electronic Accounting System in Excise and Service tax from date to be notified – second proviso to Rule 87(2) of CGST and… Read More »

Category: GST

GST Advance Ruling : Free Study Material

By | May 19, 2018

GST Advance Ruling : Free Study Material Here is the free study material on GST Advance Ruling  All Advance Ruling Judgments hosted on GST Council website  GST Centralised Advance Ruling Authority for taxpayers with 5 or more registration State wise address of authority of Advance Ruling Video :GST Advance Ruling for Unregistered Dealers : GST… Read More »

GST Payments : Free Study Material

By | May 19, 2018

GST Payments : Free Study Material Here is the free study material on GST Payments Due Date for GST Payment GST Payment Process Detailed Analysis : Video How to Make GST Payment GST Offline Payments by NEFT/RTGS : FAQs GST Online Payments by Net Banking : FAQs GST Offline Payments: Over the Counter : FAQs… Read More »

8% GST on Affordable Housing :Finance Department clarify ( TRU circular )

By | May 19, 2018

8% GST on Affordable Housing The Department of Revenue’s Tax Research Unit (TRU) has recently clarified certain issues raised by Confederation of Real Estate Developers’ Associations of India (CREDAI) to enable availing 8% Goods & Services Tax ( GST ) on affordable housing. The CREDAI raised three issues before the Tax Research Unit. The First issue… Read More »

Self-assessment tax under Income Tax : Analysis

By | May 19, 2018

self-assessment tax under Income Tax When is self-assessment tax payable under Income Tax When on computation of income for the year for the purpose of filing the return of income/fringe benefits it is found that some tax remains payable even after adjustment of (a) advance tax, if any, paid, (b) tax deducted/collected at source, (c)… Read More »

Notification No 9/2018 Union Territory Tax : Daman and Diu Intra UT Eway bill Date

By | May 19, 2018

Notification No 9/2018 Union Territory Tax Govt has rescinds  notification number G.S.R. 318(E) dated the 31st March, 2018 which said no eway bill required for intra UT movement of goods.  Now for moving goods within Union Territory of Daman and Diu  (Intra UT)  Eway bill will commence from 25.05.2018 vide Notification No 9/2018 Union Territory… Read More »

Notification No 8/2018 Union Territory Tax : Dadra and Nagar Haveli Intra State Eway bill from 25.05.2018

By | May 19, 2018

Notification No 8/2018 Union Territory Tax Govt has rescinds  notification number G.S.R. 317(E) dated the 31st March, 2018 which said no eway bill required for intra UT movement of goods.  Now for moving goods within Union Territory of Dadra and Nagar Haveli.  (Intra UT)  Eway bill will commence from 25.05.2018 vide Notification No 8/2018 Union… Read More »

Notification No 7/2018 Union Territory Tax : Chandigarh Intra State Eway bill from 25.05.2018

By | May 19, 2018

Notification No 7/2018 Union Territory Tax Govt has rescinds  notification number G.S.R. 316(E) dated the 31st March, 2018 which said no eway bill required for intra UT movement of goods.  Now for moving goods within Chandigarh (Intra UT)  Eway bill will commence from 25.05.2018 vide Notification No 7/2018 Union Territory Tax Dated 18th May, 2018 MINISTRY OF FINANCE… Read More »

Notification No 23/2018 Central Tax : April 2018 GSTR 3B date extended

By | May 19, 2018

Notification No 23/2018 Central Tax Seeks to extend the due date for filing of FORM GSTR-3B for the month of April, 2018 vide Notification No 23/2018 Central Tax Dated 18th May, 2018 Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes and Customs Notification No. 23/2018 – Central Tax New Delhi, the… Read More »