Daily Archives: October 11, 2018

Special Central Government Package for Footwear and Leather Sector

By | October 11, 2018

Press Information Bureau Government of India Ministry of Commerce & Industry 11 OCT 2018 Special Central Government Package for Footwear and Leather Sector The Central Government has approved a special package for employment generation in leather and footwear sector. The package involves implementation of Central Sector Scheme – Indian Footwear, Leather & Accessories Development Programme… Read More »

New GST News 11.10.2018

By | October 11, 2018

New GST News 11.10.2018 [ Join online GST Course by CA Satbir Singh ] New GST News Free GST Online Course [ Videos ] by CA Satbir Singh CGST Rules 2017 as amended upto 09.10.2018 : Download GST Practitioners Exam Registration Date extended to 15th October 2018 Both Central and State GST Authorities can take… Read More »

Category: GST

Both Central and State GST Authorities can take intelligence based enforcement action against taxpayer

By | October 11, 2018

Intelligence Based enforcement action against taxpayer under GST The Govt. has clarified that both Central and State tax authorities are authorized to initiate intelligence based enforcement action against taxpayers irrespective of the administrative assignment of the taxpayer to any authority. Central Board Of Excise & Customs (CBIC) has issued a clarification  via D.F.No CBEC/20/43/01/2017-GST(pt) Dated… Read More »

Urgent Attention – Tax Audit AY 2018-19 if Taxpayers having Business/Professional Receipts – Requirement for Filing Tax Audit Report as per Income Tax Act

By | October 11, 2018

Urgent Attention – Tax Audit if Taxpayers having Business/Professional Receipts – Requirement for Filing Tax Audit Report as per Income Tax Act Dear Taxpayer, As per the section 44AB of Income Tax Act, the books of accounts for the relevant previous year are required to be audited by a Chartered Accountant and the audit report has… Read More »

No Transitional GST ITC on Computers used for providing output service : AAR

By | October 11, 2018

Transitional GST ITC on Computers Computers, laptops etc. used for providing output service would not qualify as inputs for the purpose of availing transactional ITC u/s 140(2) / 140(3) of KSGST Act.  These goods are not eligible for ITC for the VAT period. AUTHORITY FOR ADVANCE RULINGS KERALA Geojith Financial Services Ltd., In re B.G. KRISHNAN AND B.S.… Read More »

Last date to claim Input Tax Credit for FY 2017-18 under GST

By | October 11, 2018

Q What is the last date to claim Input Tax Credit under GST for FY 2017-18 ? [ Also Refer Last date to avail GST Input tax credit for FY 2017-18 : Govt Clarification 18.10.2018 ] I have forgotten to take Input tax Credit of Rs 1000 on Invoice Dated 13.03.2018. Till which date I can Claim… Read More »