Daily Archives: December 4, 2018

Dec 2018 Examination for Confirmation of Enrollment of GST Practitioners : Modification

By | December 4, 2018

Ministry of Finance Examination for Confirmation of Enrollment of GST Practitioners Posted On: 04 DEC 2018 [Refer GST Practitioner : Free Study Material ] Reference is invited to Press Releases dated 1.11.2018 and 29.11.2018 regarding exam to be conducted on 17.12.2018 for GST Practitioners (GSTPs) covered under clause (b) of sub-rule (1) of Rule 83 of CGST Rules 2017, i.e.… Read More »

Category: GST

Not mandatory to set off business loss against capital gains as per sec. 71 : ITAT

By | December 4, 2018

IN THE ITAT CHANDIGARH BENCH ‘A’ Ajay Kumar Singhania v. Deputy Commissioner of Income Tax, CPC, Bangalore SANJAY GARG, JUDICIAL MEMBER AND MS. ANNAPURNA GUPTA, ACCOUNTANT MEMBER IT APPEAL NO. 1650 (CHD) OF 2017 [ASSESSMENT YEAR 2016-17] OCTOBER  4, 2018 Navneet Sehgal, CA for the Appellant. Smt. Chanderkanta, Sr. DR for the Respondent. ORDER Sanjay Garg, Judicial Member – The… Read More »

Release of detained goods due to wrong distance in Eway Bill : HC direction to GST authorities

By | December 4, 2018

HIGH COURT OF KERALA Sabitha Riyaz v. Union of India DAMA SESHADRI NAIDU, J. WP (C) NO. 34874 OF 2018 OCTOBER  31, 2018 Dr. K.P. Pradeep, Smt. Neena Arimboor, Smt. Rani Mumthas, Sanand Ramakrishnan, Smt. Anjana Kannath and T.T. Biju for the Petitioner. N. Nagaresh, Assistant Solicitor General for the Respondent. JUDGMENT 1. The petitioner, a trader, transported natural rubber. After generating e-way bill, she sent a consignment… Read More »

HC allowed to carry legitimate business by suspending GST provisional attachments of Assessee

By | December 4, 2018

HIGH COURT OF GUJARAT Khushiya Industries (P.) Ltd. v. State of Gujarat AKIL KURESHI AND UMESH TRIVEDI, JJ. R/SPECIAL CIVIL APPLICATION NOS. 14566 AND 14567 OF 2018 OCTOBER  26, 2018 Siraj R. Gori and Varis V. Isani for the Petitioner. Pranav Trivedi, AGP for the Respondent. ORDER   Akil Kureshi, J. – These petitions are filed for challenging provisional orders of attachment passed… Read More »

ICAI Revised Implementation Guide to SA 230, “Audit Documentation”

By | December 4, 2018

Revised Implementation Guide to SA 230, “Audit Documentation” issued by the Auditing and Assurance Standards Board – (04-12-2018) Foreword Preface Chapter 1: Summary of the Standard …………………………….. Chapter 2: Introduction ……………………………………………….. Chapter 3: FAQs on SA 230 …………………………………………. Chapter 4: Checklist…………………………………………………… Appendix: Illustrative Working Paper Format………………… Download Click here”

Trading hours for commodity derivatives segment : SEBI Circular

By | December 4, 2018

Trading hours for commodity derivatives segment SEBI Revised Timing for Trading as follow vide  Circular No.: SEBI/HO/CDMRD/DMP/CIR/P/2018/146 Dated Nov 30, 2018 To, The Managing Directors / Chief Executive Officers All Recognised Stock Exchanges and Clearing Corporations having commodity derivatives segment Sir / Madam, Download Circular Click here

GSTR 9 in Excel / PDF : GST Annual Return Format : Download /Print

By | December 4, 2018

GSTR 9 Annual Return Format in Excel /PDF The Govt. has notified Central GST (Eighth Amendment) Rules, 2018 by  Notification No 39/2018 Central Tax Dated  4th September 2018 wherein it has notified Form GSTR-9 of Annual Return  which is required to be filed as per Rule 80 of CGST Rules 2017 and Form GSTR-9A of… Read More »

GSTR 9A in Excel /PDF : Download : Annual Return for composition taxpayers

By | December 4, 2018

GSTR 9A in Excel /PDF : Download The Govt. has notified Central GST (Eighth Amendment) Rules, 2018 by  Notification No 39/2018 Central Tax Dated  4th September 2018 wherein it has notified Form GSTR 9A of Annual Return for composition taxpayers. Who is required to file GSTR 9A ? As per Rule 80 of CGST Rules… Read More »

GST on Discount : With examples

By | December 4, 2018

GST on Discount GST will be calculated and what will be applicable on value of supply as per Section 15 of CGST act 2017 . GST on Discount will charged as per provision mentioned in Section 15(3) of CGST act 2017 Relevant Portion of Section 15(3) of CGST Act 2017 :- The value of the supply… Read More »

Category: GST

Deadline extended by SEBI for Transfer of shares in demat form till April 1, 2019

By | December 4, 2018

Transfer of securities only in demat form- Deadline extended till April 1, 2019 Dec 03, 2018 PR No.: 49/2018 Transfer of securities only in demat form- Deadline extended till April 1, 2019   The Board, on March 28, 2018, decided that except in case of transmission or transposition of securities, requests for effecting transfer of securities shall… Read More »

‘One Time Amnesty Scheme’ for Non/ Nil Filers of GST Returns : GST Council may consider

By | December 4, 2018

GST Council may consider ‘One Time Amnesty Scheme’ for Non/ Nil Filers of GST Returns As per reports in media, the GST Council may consider ‘one time amnesty scheme’ for exit of non-filers/ nil-filers of GST Returns to facilitate about 25 lac registered/ migrated taxpayers who file their returns with ‘nil’ GST liability and about… Read More »

Category: GST

Structure of GSTIN

By | December 4, 2018

Structure of GSTIN [Also Refer GSTIN Number : Free Study Material ] 1. GSTIN stands for “Goods and Services Tax Identification Number” unique to a legal person (Individual, Partnership, LLP, AOP/BOI, Company etc.,). Each tax payer who is obligated or volunteered to register shall/may, as the case may be, apply for registration under GST Law as per… Read More »

Category: GST

Certificate of origin will be delivered within 24 hours/1(one) working day :DGFT

By | December 4, 2018

MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) (DIRECTORATE GENERAL OF FOREIGN TRADE) Publuc Notice No. 53/2015-2020 New Delhi, the 30th November, 2018 Subject : Insertion of a new provision under Para 2.103 and amendment in Para 2.104 – reg. F. No. 01/93/180/56/AM-13/PC-2(B)/E-2205.—In exercise of powers conferred under paragraph 2.04 of the Foreign Trade Policy,… Read More »