Monthly Archives: July 2018

Circular No 51/25/2018 GST : GST on ambulance services provided to Government under NHM

By | July 31, 2018

Circular No 51/25/2018-GST Applicability of GST on ambulance services provided to Government by private service providers under the National Health Mission (NHM) description Video on Circular No 51/25/2018 GST By CA satbir Singh in Hindi for GST on ambulance services Download Circular No 51/25/2018-GST

Circular No 50/24/2018 GST : Govt withdrawn Circular No. 28/02/2018-GST

By | July 31, 2018

Circular No 50/24/2018 GST Seeks to withdraw Circular No. 28/02/2018-GST dated 08.01.2018 as amended vide Corrigendum dated 18.01.2018 and Order No 02/2018–CT dated 31.03.2018 – reg. Video on Circular No 50/24/2018 GST Explained by CA Satbir Singh in Hindi Download Circular No 50/24/2018 GST F. No. 354/03/2018-TRU Government of India Ministry of Finance Department of Revenue Tax… Read More »

New GST Return Formats and News 31.07.2018

By | July 31, 2018

New GST News 31.07.2018 [ Join online GST Course by CA Satbir Singh ] New GST News Notification No 30/2018 Central Tax GSTR-6 Date Extended for July 2017 to August 2018 till 30.09.2018 New Quarterly GST Return Key Features New GST Monthly Returns Key Features GST and Income Tax Calendar August 2018 New GST Return… Read More »

Category: GST

New Income Tax News 31.07.2018

By | July 31, 2018

New Income Tax News 31.07.2018 New Income Tax News New Income Tax News Biggest Mistake for not filing Income Tax Return Income Tax Audit u/s 44AB : Limit ,Due date, Applicability and Penalty Revised Income Tax Return filed after issuance of scrutiny notice is valid: Mumbai ITAT TDS on Property Sale -Complete Guide ITR Due… Read More »

Notification No 30/2018 Central Tax GSTR-6 Date Extended for July 2017 to August 2018 till 30.09.2018

By | July 31, 2018

Notification No 30/2018 Central Tax Notification issued to extend the due date for filing of FORM GSTR-6. Video Explanation on Notification No 30/2018 Central Tax By CA Satbir Singh in Hindi Read Notification No 30/2018 Central Tax [To be published in the Gazette of India, Extraordinary, Part II, Section 3, Subsection(i)] Government of India Ministry of Finance Department… Read More »

Revised Income Tax Return filed after issuance of scrutiny notice is valid: Mumbai ITAT

By | July 31, 2018

Assessee filed the revised return of income after issuance of notice under section 143(2) of the Act, the Assessing Officer held that the said revised return of income filed by the assessee claiming deduction under section 54 of the Act being invalid is not acceptable Held There is no bar/restriction in the provisions of section… Read More »

New Quarterly GST Return Key Features

By | July 30, 2018

Key features of New Quarterly GST Returns CBIC Placed New GST Returns and formats in public domain  on 30.07.2018. [Video] New Quarterly GST Returns Process Video by CA Satbir Singh in Hindi Quarterly filing and monthly payments: It is proposed to provide facility for filing of quarterly return to small taxpayers, who had a turnover upto… Read More »

New GST Return formats Released by CBIC 30.07.2018 : Download

By | July 30, 2018

New GST Return formats Released by CBIC 30.07.2018 : Download Placing of GST Returns and formats in public domain by CBIC  on 30.07.2018 . Note on Simplified Returns and Return Formats July, 2018 . It Contains following Key Features of Monthly Returns Key Features of Quarterly Returns Questionnaire for filing up Annexure of supplies to… Read More »

Revision of MRP after changes in GST Rates : FAQs on Relaxation of Legal Metrology (Packaged Commodities) Rules 2011

By | July 30, 2018

Department of Consumer Affairs FAQs on Relaxation of Legal Metrology (Packaged Commodities) Rules, 2011 for facilitation of implementation of the provisions of the GST Act and Rules 1) What is MRP? MRP is the maximum retail sale price inclusive of all taxes. 2) Whether GST is included in MRP? Yes, The MRP on a pre-packaged… Read More »

Category: GST

New GST News 30.07.18

By | July 30, 2018

New GST News 30.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News GST Appellate Tribunal Coming Soon [Video] Changes in GST on Paints & Varnishes from 27.07.2018 Notification : GST News 413 [Video] GST Exemption to Sanitary Pads from 27.07.2018 Notification GST News 415 [Video] GST Exemption to Rakhi from… Read More »

Category: GST

All New GST Notifications Issued by CBIC

By | July 30, 2018

New GST Notifications 26.07.2018 Notification No Act Topic Description 2/2018 Compensation Cess (Rate) Dated 26.07.2018 Compensation to States Act No Cess on Fuel Cell Motor Vehicles and Coal rejects Fuel Cell Motor Vehicles and Coal rejects 21/2018-Central Tax (Rate) ,dt. 26-07-2018 CGST concessional CGST rate on specified handicraft items Seeks to prescribe concessional CGST rate on… Read More »

Category: GST

TDS on Property Sale -Complete Guide

By | July 30, 2018

TDS on Property Sale Deduction of tax at source from payment on transfer of certain immovable property  Relevant provision regarding TDS on Property sale is covered in Section 194IA of Income tax Act of India Conditions to be satisfied for applicability of section 194-IA : TDS on Property Sale For applicability of section 194-IA following conditions… Read More »

Five E of PM Modi for Future Generation

By | July 29, 2018

Five E of PM Modi for Future Generation PM Modi : हमारी प्रतिबद्धता है कि इसी Generation के लिए भविष्य की व्यवस्थाओं का निर्माण हो, जहां जीवन Five E पर आधारित हो। Five E यानि: Ease of Living, Education, Employment, Economy and Entertainment

Changes in GST on Old Age Home from 27.07.2018 Notification : GST News 410

By | July 28, 2018

GST on Old Age Home Exempt supply of services by an old age home run by State / Central Government or by a body registered under 12AA of Income Tax Act to its residents (aged 60 years or more) against consideration upto Rupees 25000/- per month per member provided consideration is inclusive of charges for… Read More »

New GST News 28.07.18

By | July 28, 2018

New GST News 28.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News [Video] Changes in GST on Hotels & Catering Services from 27.07.2018 [Video] GST on Direct Selling Agents Services to Banks/ NBFC from 27.07.2018 : Notification GST News 407 [Video] GST Rates reduced on Bamboo flooring from 27.07.2018 Notifications… Read More »

Category: GST

[Video] Changes in GST on Hotels & Catering Services from 27.07.2018

By | July 28, 2018

Changes in GST on Hotels & Catering Services Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English)  explaining Changes in GST on Hotels & Catering Services Hotel industry has been given major relief by providing that the rate of GST on accommodation service shall be based on transaction value instead of declared… Read More »

Notification No 2/2018 Compensation Cess (Rate) : Fuel Cell Motor Vehicles and Coal rejects

By | July 28, 2018

Notification No 2/2018 Compensation Cess (Rate) Seeks to amend Notification No. 1/2017 -Compensation Cess (Rate) dated 28.06.2017 togive effect to the recommendations of the GST Council in it’s 28th meeting held on 21.07.2018 Read Notification No 2/2018 Compensation Cess (Rate) [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY]… Read More »

Pay GST on transportation charges even if transporter isn’t a GTA: Maharashtra AAR

By | July 28, 2018

Question: “Whether transportation charges received by the applicant are liable to GST, especially when the applicant is not a goods transport agency (GTA)”? Answer: Answered in the affirmative and same is liable to tax as a works contract as per provisions of section 2(119) of the GST Act, AUTHORITY FOR ADVANCE RULINGS, MAHARASHTRA Dinesh Kumar Agrawal, In re… Read More »

No deduction allowed for Rate difference from Transaction value under GST : MAHARASHTRA AAR

By | July 28, 2018

GST on Discounts given after supply The applicant pays GST on the full value of invoice raised by them on the authorised dealers/stockists at the time of original supply of goods to the said authorised dealers/stockists. However, by issuance of credit note for rate difference, the sale price of goods sold by the applicant to the authorised… Read More »

New GST Notifications and News 27.07.18

By | July 27, 2018

New GST News 27.07.18 [ Join online GST Course by CA Satbir Singh ] New GST News All New GST Notifications issued on 26.07.2018 by CBIC Amendments proposed in GST Acts: ICAI submits suggestions 18.07.2018 No excuse that part B of Eway bill not updated due to technical error on Portal : Madhya Pradesh HC… Read More »

Category: GST

Notification No 22/2018 Integrated Tax (Rate) : Concessional IGST rate on specified handicraft items,

By | July 27, 2018

Notification No 22/2018 Integrated Tax (Rate) Seeks to prescribe concessional IGST rate on specified handicraft items, to give effect to the recommendations of the GST Council in it’s 28th meeting held on 21.07.2018 [TO BE PUBLISHED IN THE GAZETTE OF INDIA, EXTRAORDINARY PART II, SECTION 3, SUB-SECTION (i)] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department… Read More »

Notification No 21/2018 Integrated Tax (Rate) : Amend Notification 05/2017-Integrated Tax (Rate)

By | July 27, 2018

Notification No 21/2018 Integrated Tax (Rate) Seeks to amend Notification 05/2017-Integrated Tax (Rate),dt. 28-06-2017 to give effect to the recommendations of the GST Council in it’s 28th meeting held on 21.07.2018 Read Notification No 21/2018 Integrated Tax (Rate) [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF… Read More »

Notification No 20/2018 Integrated Tax (Rate) : IGST Exemption Amended

By | July 27, 2018

Notification No 20/2018 Integrated Tax (Rate) Seeks to amend Notification 02/2017-Integrated Tax (Rate),dt. 28-06-2017 to give effect to the recommendations of the GST Council in it’s 28th meeting held on 21.07.2018 [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of… Read More »

Notification No 19/2018 Integrated Tax (Rate) : IGST Rates on Goods Amended

By | July 27, 2018

Notification No 19/2018 Integrated Tax (Rate) Seeks to amend Notification 01/2017-Integrated Tax (Rate),dt. 28-06-2017 to give effect to the recommendations of the GST Council in it’s 28th meeting held on 21.07.2018 [TO BE PUBLISHED IN PART II, SECTION 3, SUB-SECTION (i) OF THE GAZETTE OF INDIA, EXTRAORDINARY] GOVERNMENT OF INDIA MINISTRY OF FINANCE (Department of… Read More »

Notification No 18/2018 Integrated Tax (Rate) : Govt function as public authorities is not business

By | July 27, 2018

Notification No 18/2018 Integrated Tax (Rate) Summary of Notification No 18/2018 Integrated Tax (Rate) Notification No 18/2018 Integrated Tax (Rate)  Dated 26 th July, 2018 Seeks to insert explanation in an item in notification No. 8/2017 – Integrated Tax (Rate) by exercising powers conferred under section 6(3) of IGST Act, 2017. Read Notification No 18/2018 Integrated Tax… Read More »

Notification No 17/2018 Integrated Tax (Rate) : Services to municipality is neither supply of good nor a service.

By | July 27, 2018

Notification No 17/2018 Integrated Tax (Rate) Summary of Notification No 17/2018 Integrated Tax (Rate) Notification No 17/2018 Integrated Tax (Rate) 26th July, 2018 Dated Seeks to amend notification No. 11/2017- Integrated Tax (Rate) to notify that services by way of any activity in relation to a function entrusted to a municipality under Article 243W shall be treated… Read More »

Notification No 16/2018 Integrated Tax (Rate) : IGST on RCM on Direct Selling Agents Services to Banks /NBFC

By | July 27, 2018

Notification No 16/2018 Integrated Tax (Rate) Summary of Notification No 16/2018 Integrated Tax (Rate) Notification No 16/2018 Integrated Tax (Rate) Dated 26 th July, 2018 Seeks to amend notification No. 10/2017- Integrated Tax (Rate) so as to specify services supplied by individual Direct Selling Agents (DSAs) to banks/ non-banking financial company (NBFCs) to be taxed under… Read More »