Daily Archives: October 17, 2018

No GST Payable by liaison Office in India : Tamil Nadu AAR

By | October 17, 2018

Takko are working as the liaison Office of M/s. Takko Holding GmbH, Germany with the prior permission of RBI. 1.Whether liaison office is liable to pay GST? 2. Whether a liaison office is required to be registered under GST Act? 3.Whether the Activities of a liaison office amount to supply of services? Held Liaison office… Read More »

GST ITC allowed on brokerage paid for Renting of immovable property : Tamil Nadu AAR

By | October 17, 2018

Whether eligible to take Input Tax Credit of the CGST & SGST charged by Catalyst Consulting Chennai in respect of brokerage services and adjust the same against output tax payable against Renting of immovable property. Held The applicant is eligible to take credit of the CGST & SGST charged by M/s. Catalyst Consulting Chennai in… Read More »

IGST on Event Management services provided in Goa and recipient in Maharashtra : Goa AAR

By | October 17, 2018

Whether our Event Management support services provided in Goa to a registered person in Maharashtra is governed u/s 12(7)(i) of the IGST Act, 2017 Held The event management support services provided in Goa to a registered person in Maharashtra is governed u/s 12(7)(i) of the IGST Act. Hence the same should be treated as Interstate… Read More »

GST on advance for sale of villas before completion : Goa AAR

By | October 17, 2018

Determination of liability to pay tax on sale of villas after completion and obtaining necessary approvals from the competent authority Held Advance money received for sale of Villa on or after the appointed day, prior to issuance of occupancy certificate by the local panchayat is considered as construction services and GST is applicable on Two… Read More »

Special Courts Notified under Prohibition of Benami Property Transactions Act, 1988.

By | October 17, 2018

The Central Govt. has notified the courts of Session as Special Courts for the trial of offences punishable under the Prohibition of Benami Property Transactions Act, 1988. [Notification No. 67/2018/F. No. 149/144/2015-TPL (Pt. IV)] MINISTRY OF FINANCE (Department of Revenue) NOTIFICATION New Delhi, the 16th October, 2018 S.O. 5323(E).—In exercise of powers conferred by sub-section… Read More »

Prepaid Payment Instruments (PPIs) – RBI Guidelines for Interoperability

By | October 17, 2018

RBI/2018-19/61 DPSS.CO.PD.No.808/02.14.006/2018-19 October 16, 2018 All Prepaid Payment Instrument Issuers, System Providers and System Participants Madam / Dear Sir, Prepaid Payment Instruments (PPIs) – Guidelines for Interoperability A reference is invited to the Master Direction DPSS.CO.PD.No.1164/02.14.006/2017-18 dated October 11, 2017 (updated as on December 29, 2017) on Issuance and Operation of PPIs (M.D.). As per the road-map… Read More »

Category: RBI

Instruction No 17/2018 Customs : Guidelines for Handling of valuable seized /confiscated goods 

By | October 17, 2018

Instruction No. 17/2018-Customs F.No. 394/97/2015-Cus (AS) Government of India Ministry of Finance Department of Revenue Central Board of Indirect Taxes & Customs (Investigation-Customs) *** New Delhi, dated 15th October, 2018 To All Principal Chief Commissioners/Chief Commissioners of Customs, All Principal Chief Commissioners/Chief Commissioners of Customs (Preventive), All Principal Chief Commissioners/Chief Commissioners of Customs & GST, All… Read More »

Transfers of dept. officers is not sufficient cause for condonation of delay : HC

By | October 17, 2018

The transfers of the officers of the department does not absolve the Revenue from prosecuting its appeal with sincerity and vigilantly. The reasons given in the affidavit in support of the Motion do not inspire confidence and it evidences the casual manner in which the Revenue prosecutes its appeal before this court. HIGH COURT OF… Read More »

Mandatory Usage of UDIN by Chartered Accountants w.e.f. 1st January, 2019 to prevent forgery

By | October 17, 2018

PRESS RELEASE by ICAI on 10.10.2018 Mandatory Usage of UDIN by Chartered Accountants w.e.f. 1st January, 2019 to prevent forgery The Division Bench of Hon’ble Calcutta High Court had passed an order on 21st June, 2018 in the matter of ITAT 22/2015 in respect of Binod Kumar Agarwala vs Commissioner of Income Tax wherein ICAI… Read More »

ICSI new Helpdesk

By | October 17, 2018

Institute of Companies Secretaries of India Kind Attention!! As a part of implementing a monitored environment all have been advised to use http://support.icsi.edu only. Phone numbers as mentioned below have been REMOVED from service to make the initiative of monitored environment a success. ICSI Sampark 8824401155 ICSI call center 0120-3314111,0120- 6204999 Academic Helpdesk 0120-6267777 All… Read More »

Advisory for Taxpayers to file GST Refund for Multiple Tax period

By | October 17, 2018

Advisory for Taxpayers to file GST Refund Application for Multiple Tax period, grounds of refund, GST-RFD-01A, restrictions and invoice locking etc. Following is the advisory issued on 16.10.2018 by GSTN  on https://www.gst.gov.in: 1. Refund application filing for multiple tax period is available for below grounds of refund: a. Export of Goods & Services-Without payment of… Read More »

How to File Appeal against GST Registration Order :FAQ and User Manual

By | October 17, 2018

Filing an Appeal against Registration Order  :FAQ and User Manual FAQs 1. Who can file an appeal to the Appellate Authority? Any taxpayer or an unregistered person aggrieved by any decision or order passed against him (with respect to Registration, amendment or cancellation etc.) by an adjudicating authority, may appeal to the Appellate Authority, within… Read More »

No GST ITC on freight for transportation of non-taxable petro goods to export warehouse

By | October 17, 2018

Whether input tax credit is admissible on GST paid on freight for transportation of non-taxable petro goods to the export warehouse located in another state Held ATF and other non-taxable supplies from the Applicant‟s Haldia Refinery to the export warehouse of Indian Oil Corporation Ltd at Raxaul are not zero rated supplies. They are non-taxable… Read More »