Daily Archives: May 26, 2018

Bill of Supply under GST : Free Study Material

By | May 26, 2018

Bill of Supply : Free Study Material Here is the free study material on Bill of supply provisions under GST What is a Bill of Supply? There are specified cases when Bill of supply shall be issued by GST registered person  and Tax invoice shall not be issued. If tax invoice is issued then tax… Read More »

Why should I pay Income tax?

By | May 26, 2018

‘Why should I pay tax?’ The citizens of India are required to pay Income tax as well as other taxes as per law.  1.  Some people raise the question ‘Why should I pay tax? They argue: I have to pay for my food, for my house, for my travel, for my medical treatment, for owning a vehicle… Read More »

GST on Supply from customs bonded warehouse : Free Study Material

By | May 26, 2018

GST on Supply from customs bonded warehouse : Free Study Material Here is the free study material on how GST will be levied if supply from Custom Bonded Warehose if made Circular No 3/1/2018 IGST Dated  25th May, 2018 : Applicability of Integrated Goods and Services Tax (integrated tax) on goods supplied while being deposited in a… Read More »

Circular No 3/1/2018 IGST : Goods supplied from customs bonded warehouse : IGST Applicability

By | May 26, 2018

Circular No 3/1/2018 IGST Summary of Circular No 3/1/2018 IGST Applicability of Integrated Goods and Services Tax (integrated tax) on goods supplied while being deposited in a customs bonded warehouse-reg via Circular No 3/1/2018 IGST Dated  25th May, 2018 [ Join online GST Course by CA Satbir Singh ] F. No. CBEC/20/16/03/2017- GST Government of India Ministry… Read More »

New GST News 26.05.2018

By | May 26, 2018

New GST News 26.05.2018 [ Join online GST Course by CA Satbir Singh ] Goods couldn’t be seized if eway bill have handwritten second vehicle number :ALLAHABAD HC Goods seized for incomplete Eway bill to be released on furnishing security :ALLAHABAD HC GST Registration issued in Wrong Name : Revenue authorities to make correction :ALLAHABAD… Read More »

Chartered Accountants can’t determine FMV of unquoted equity shares : CBDT Notification

By | May 26, 2018

CA’s Chartered Accountants not to determine FMV of unquoted equity shares received by a company without adequate consideration-CBDT Notification Section 56(2) of the Income tax Act, 1961. creates a deeming fiction for bringing certain receipts/transactions within the scope of taxable income. (b) Under the provisions of clause (viia) to section 56(2), where a firm or… Read More »

GST Inspection : Free Study Material

By | May 26, 2018

GST Inspection : Free Study Material Here is the free study material on Inspection under GST  [ Join online GST Course by CA Satbir Singh ] GST Penalty for Minor Mistakes in Documents issued for Goods Movement : GST News 494 GST Inspection , Search , Seizure and Arrest – Analysis GST FAQ; Inspection, Search, Seizure… Read More »