Category Archives: News

MCA to Amend Cost Audit Report for reporting GST Reconciliation

By | August 7, 2018

MCA to Amend Cost Audit Report for reporting GST Reconciliation The Ministry of Corporate Affairs has proposed amendment to the Companies (Cost Records and Audit) Rules, 2014 to bring a new reporting requirement of Statement of Reconciliation of GST in the Cost Audit Report. Download Draft  Companies (cost records and audit) Amendment Rules, 2018. Click… Read More »

Income Tax on Arrear of Salary with [Video Lecture]

By | August 6, 2018

Income Tax on Arrear of Salary Are arrears of salary taxable?​​​​ Yes . Refer Section 15(c) of Income Tax Act 1961 Video Explanation by CA Satbir Singh in Hindi Illustration on tax treatment of arrears of salary On 1 st January, 2018, Mr. Rajesh received arrears of salary of Rs. 2,52,000 pertaining to the years 2011-12… Read More »

Multiple Vehicle Option for e-Way bill on Eway Bill Portal

By | August 6, 2018

Multi Vehicle Option for e-Way bill Video Explanation on Multi Vehicle Option for e-Way bill Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English) The new option has been introduced on Eway Bill System (https://ewaybillgst.gov.in) wherein the consignment of one e-way bill has to be moved in multiple vehicles, after moving to transshipment… Read More »

29th GST Council Meeting Decisions

By | August 6, 2018

29th GST Council Meeting 29th GST Council Meeting date held on 04th Aug 2018. Cashback scheme for digital payments ” रूपे डेबिट कार्ड, भीम, USSD आदि द्वारा किये गये ट्रांसेक्शन के लिये गरीब वर्ग को सुविधा दी जायेगी कि यदि वह डिजिटल पेमेंट कर के वस्तु खरीदेंगे, तो उसमें GST का 20% कैशबैक के रूप… Read More »

When Bank will not Accept Cash for making Demand Draft / Transfer of Funds?

By | August 5, 2018

When Bank will not Accept Cash for making Demand Draft / Transfer of Funds? Video Explanation by CA Satbir Singh in Hindi Reserve Bank of India (RBI) Directions to Banks   Issue and Payment of Demand Drafts, etc., Any remittance of funds by way of demand draft, mail/telegraphic transfer/NEFT/IMPS or any other mode and issue of… Read More »

ICAI’s E-Handbook for Guidance on HSN Classification under GST : Download

By | August 1, 2018

ICAI’s E-Handbook for Guidance on HSN Classification under GST The Indirect Taxes Committee of the ICAI has come out with “E-Handbook on classification under GST”. This e-publication interalia covers meaning, need, principles/rules to be considered, steps to be followed etc. for aptly classifying goods/services. This e-handbook provides a deeper knowledge of provisions pertaining to Classification of… Read More »

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 »

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 »

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 »

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 »

[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 »

Notice in name of deceased is invalid , No time limit for legal heirs to intimate death of assessee to Income Tax Department : MADRAS HC

By | July 26, 2018

Can the Income tax Department issue Notice in the name of dead Person ? Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English)  explaining why Notice in name of deceased is invalid Revenue does not dispute the factum of death of the said Mr.S.Veerappan on 26.1.2010, as evidenced from the death certificate,… Read More »

No excuse that part B of Eway bill not updated due to technical error on Portal : Madhya Pradesh HC

By | July 25, 2018

Can you save penalty for not making Eway bill by arguing that Eway bill not updated due to technical error on Portal Video Tutorial by CA Satbir Singh (Voice in Hindi , Slides in English)  explaining how to save penalty if Eway bill not generating due to technical error on eway bill Portal The stand… Read More »

GST Refunds : CBIC to observe Third Refund Fortnight from 16th July, 2018

By | July 17, 2018

Ministry of Finance CBIC to observe Third Refund Fortnight to clear pending refunds Posted On: 16 JUL 2018 8:53PM by PIB Delhi Video Explanation by CA Satbir Singh Refunds of GST have been a concern for the Government and Trade for the past several months.  In this regard, the CBIC has observed two special drives… Read More »

GST on Cleaning of various Agriculture produce away from agricultural farm :RAJASTHAN AAR

By | July 13, 2018

GST on Cleaning of various Agriculture produce away from agricultural farm Video Analysis by CA Satbir Singh in Hindi Various  agriculture produces like Saunf (Fennel). Dhaniya (Coriander), Jcera (Cumin seeds), etc. are simply cleaned by the applicant at their cleaning plant. The Jurisdictional Officer in his/her comments has stated that the activity of cleaning is… Read More »

How to get Punjab National Bank Form 16A online (TDS Certificate)

By | July 13, 2018

How to get Punjab National Bank Form 16A online (TDS Certificate) steps  to get Punjab National Bank Form 16A online (TDS Certificate) (Note: Form16A for Q1 for FY 17-18 not available. Please contact your concerned branch for Q1 return) Punjab National Bank Form 16A online (TDS Certificate) : Click here  We suggest the following: Step… Read More »

No GST on salary by Head Office to liaison office in India : RAJASTHAN AAR

By | July 13, 2018

Whether the reimbursement of expenses and salary paid Head Office outside India to the liaison office established in India is liable to GST as supply of  Service, especially when no consideration for any services is charged/paid ?. Held Head office and the liaison office are the same entity and the liaison office do not have… Read More »

West Bengal exempted intra-state e-waybill for job work : Notification No 14/2018 C.T./GST

By | July 12, 2018

Notification No 14/2018 C.T./GST Summary of  Notification No 14/2018 C.T./GST Exemption from generation of e-waybill  in case of intra-state movement of goods in West Bengal  for job work. Video on Notification No 14/2018 C.T./GST Read Notification No 14/2018 C.T./GST GOVERNMENT OF WEST BENGAL DIRECTORATE OF COMMERCIAL TAXES 14, BELIAGHATA ROAD, KOLKATA-700015 NOTIFICATION BY THE COMMISSIONER OF STATE… Read More »

GST Practitioners to Pass Exam before 31.12.2018

By | July 12, 2018

Examination for Confirmation of Enrollment of GST Practitioners Video Explanation by CA Satbir Singh on GST Practitioners Examination for Confirmation of Enrollment Ministry of Finance Posted On: 12 JUL 2018 5:10PM by PIB Delhi National Academy of Customs, Indirect Taxes and Narcotics (NACIN) has been authorized to conduct an examination for confirmation of enrollment of Goods… Read More »

Incorporation of Name of Purchaser on Face of Demand Draft : RBI Instructions

By | July 12, 2018

Incorporation of Name of the Purchaser on the Face of the Demand Draft : Reserve Bank of india RBI/2018-19/14 DBR.AML.BC.No.210/14.01.001/2018-19 July 12, 2018 The Chairperson/CEOs of all Scheduled Commercial Banks including Regional Rural Banks/Urban Co-operative Banks/State Co-operative Banks/ District Central Co-operative Banks/Local Area Banks/Small Finance Banks/Payment Banks Dear Sir/Madam, Incorporation of Name of the Purchaser… Read More »

CBDT Circular No 3/2018 threshold limit for filing of appeal before ITAT, High Courts & Supreme Court : Download/ Print

By | July 12, 2018

CBDT raises threshold limit for filing of appeal before ITAT, High Courts and Supreme Court CBDT Circular No 3/2018 Summary of CBDT Circular No 3/2018 With a motive to reduce the litigation on Income-tax matters the CBDT Circular No 3/2018 has sharply increased the threshold limit for filing of appeal before judicial authorities. The revised limit… Read More »