Daily Archives: June 7, 2018

Circular No 15/2018 Custom : PAN Based Refund of GST allowed

By | June 7, 2018

Circular No 15/2018 Customs PAN Based Refund of IGST allowed Refund of IGST on export of Goods-Extension of date in SB005 alternate mechanism cases and Clarification in other cases -reg. 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, North Block, New Delhi… Read More »

No seizure of goods if Part B of Eway bill not filled due to transportation from supplier’s place to transporter :ALLAHABAD HC

By | June 7, 2018

HIGH COURT OF ALLAHABAD Rivigo Services (P.) Ltd. v. State of U.P. KRISHNA MURARI AND ASHOK KUMAR, JJ. WRIT TAX NO. 689 OF 2018 APRIL  24, 2018 Suyash Agarwal for the Petitioner. JUDGMENT Ashok Kumar, J. – We have heard learned counsel for the petitioner and Sri Avinash Chandra Tripathi, learned Standing Counsel for the State. 2. The instant writ… Read More »

Pay GST on sale of undivided share of land : Delhi AAR

By | June 7, 2018

Following agreements would be entered into by the Applicant: a. One for sale of undivided and impartible share in land; and b. Another agreement for sale of superstructure. Issue : In case where there are two transactions each represented by a separate Agreements i.e. i. One for sale of undivided and impartible share in land @ say… Read More »

Importer has to Pay IGST on ocean freight : AAR

By | June 7, 2018

Issue : Whether under Reverse Charge Mechanism, IGST should be paid by the importer on ocean freight in case of CIF basis contract, when service provider and service recipient both are outside the territory of India. Held : An importer is required to pay IGST on the ocean freight. Therefore as on date, even if the… Read More »

No GST on toll charges for using forest road but GST on Abhivahan Shulk : AAR

By | June 7, 2018

No GST is leviable as on date on the said “marg sudharan shulk” charged and collected by the applicant. Applicant is liable to pay GST @ 18% on the said “Abhivahan Shulk” under Service Code 9997 and to be treated as “other services”. AUTHORITY FOR ADVANCE RULINGS, UTTARAKHAND Divisional Forest Officer In re VIPIN CHANDRA AND AMIT GUPTA, MEMBER RULING NO.… Read More »

GSTR 9A Due Date / GST Annual Return for Composition Dealer

By | June 7, 2018

GSTR 9A Due Date Here are the GSTR 9A (Annual Return ) due date for Taxpayer opting to pay Tax under Section 10 of CGST Act ( Composition Scheme). For registered person , other than person opting to pay Tax under Section 10 (  Composition Scheme) ,Input Service Distributor, a person paying tax under section 51… Read More »

GSTR 9 Due Date / GST Annual Return due date

By | June 7, 2018

GSTR 9 Due Date Here are the GSTR 9 (Annual Return ) Due dates for registered person  other than an Input Service Distributor, a person paying tax under section 51 or section 52, a casual taxable person and a non-resident taxable person. For Taxpayer opting to pay Tax under Section 10 of CGST Act ( Composition… Read More »

TDS on Year End Provisions

By | June 7, 2018

TDS on Year End Provisions Here are the Relevant Judgments on TDS on year end Provisions under Income tax Apply TDS u/s 194J on provision for Audit Fees :ITAT Chennai No TDS liability on Provisions at year end if payee not identifiable : ITAT No TDS on GST Paid / Payable on Services if Shown Seprarately… Read More »

Exemption from Advance Tax to Resident Senior Citizen under Income Tax

By | June 7, 2018

EXEMPTION FROM PAYMENT OF ADVANCE TAX TO RESIDENT SENIOR CITIZEN This article analysis Income Tax Act 1961 provisions [As amended by Finance Act, 2018] relating to  Advance Tax on Senior Citizen with examples and Exemption from Advance Tax to Resident Senior Citizen under Income Tax. For Advance Tax provisions on other than Resident Senior Citizen… Read More »

GST Applicability on Liquidated Damages / Penalty deduction from contractor’s bills

By | June 7, 2018

Question : Whether deduction of Liquidity Damage (LD)/Penalty deduction from contractor’s bills and charging Penalty for non-lifting of coal till targeted minimum level to Annual Contractual Quantity (ACQ) will attract GST? Answer: Yes, it is a service being “tolerating an act” as per Schedule II of the CGST Act,2017 thus GST shall apply. Free Study material… Read More »