Daily Archives: September 6, 2018

Cancellation of GST registration if Return not Filed : Amendment

By | September 6, 2018

Cancellation of registration if GST return n0t filed : Amendment Cancellation of registration if GST return not Filed Relevant Portion of Section 29 of CGST Act : Cancellation of registration. ….. (2) The proper officer may cancel the registration of a person from such date, including any retrospective date, as he may deem fit, where,— …. (b)… Read More »

Appendices & Aayat Niryaat Forms Amendment due to GST implementation

By | September 6, 2018

Amendments have been made in Apendices & Aayat Niryaat Forms (ANFs) pertaining to Chapter 7 of Handbook of Procedures 2015­2020 in light of implementation of GST and updation in FTP/ BP consequent upon Mid-Term Review on 5.12.2017 vide Public Notice No. 37/2015.2020 dated 4thSeptember, 2018. GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF… Read More »

Procedure for export of SCOMET items for repair/replacement purposes

By | September 6, 2018

Paragraph 2.79 C has been included in the Handbook of Procedures of FTP 2015- 20 to lay down the procedure for export of SCOMET items for repair/replacement purposes vide Public Notice No. 33/2015-20, Dated 4 September, 2018. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan… Read More »

Procedure for export of SCOMET items for display/exhibition/tenders/RFP/ RFQ/NIT purposes.

By | September 6, 2018

Paragraph 2.79 D has been included in the Handbook of Procedures of FTP 2015- 20 to lay down the procedure for export of SCOMET items for display/exhibition/tenders/RFP/ RFQ/NIT purposes vide Public Notice No. 34/2015-20 dated 4th September, 2018. Government of India Ministry of Commerce & Industry Department of Commerce Directorate General of Foreign Trade Udyog Bhawan Public Notice No.… Read More »

Amendments in Appendices & Aayat Niryaat Forms of Chapter 6 of FTP/HBP 2015-20

By | September 6, 2018

Amendments have been made in Appendices & Aayat Niryaat Forms (ANFs) pertaining to Chapter 6 of Handbook of Procedures 2015 2020 in light of implementation of GST and updation in FTP/HBP consequent upon Mid-Term Review on 5.12.2017 vide Public Notice No. 36/2015-2020-DGFT dated 4th September, 2018. GOVERNMENT OF INDIA MINISTRY OF COMMERCE AND INDUSTRY DEPARTMENT OF COMMERCE… Read More »

Limit for  holding Gold Jewellery under Income Tax

By | September 6, 2018

Limit for  holding Gold Jewellery under Income Tax SECTION 132 OF THE INCOME-TAX ACT, 1961 – SEARCH & SEIZURE – GENERAL – CLARIFICATIONS WITH RESPECT TO GOLD JEWELLERY UNDER INCOME TAX LAW PRESS RELEASE, DATED 1-12-2016 In order to remove any doubt about the current position of Income Tax Law with respect to gold jewellery, the following points are categorically clarified: ♦ There is no limit on holding of gold jewellery or ornaments… Read More »

ICAI : 19 Suggestions on “Draft Simplified Formats of GST Returns”

By | September 6, 2018

ICAI submits 19 Suggestions on “CBIC’s Draft Simplified Formats of GST Returns” The ICAI has submitted 19 Suggestions to CBIC on ‘Draft Simplified Formats of GST Returns’, for consideration while reviewing and finalising the formats of simplified GST returns, as recommended by the GST Council: Key features of Monthly Return 1. Turnover figure to identify… Read More »

Category: GST

How to reply notice for mismatch in GST RETURN ?

By | September 6, 2018

Notice for mismatch in GST RETURN GST officers have started issuing notice for mismatch in GST returns and discrepancy in GST returns Mismatch in GST RETURN Taxable persons  would have started getting notices from GST department officer seeking explanation for the discrepancies observed in GST returns after making scrutiny of returns. Normally department is seeking… Read More »

GST on Notice Pay

By | September 6, 2018

Is there any GST on Notice Pay recovery from employees ? Employees who resign from their job are expected to serve notice period as mentioned in the employment contract. If the employee does not serve such notice period, the salary of the unserved portion of notice period is. retained by the employer Example : if… Read More »