Reading Time: 2 minutesArrest under GST, Father Son arrested in case of fraudulent issuance of GST invoices, Central Tax, GST Delhi East Commissionerate arrested a Shahdara based father son-duo on 22.05.2018 in case of fraudulent issuance of Input Tax Credit invoices involving evasion of approximately Rs. 28 Crores relating to the Copper industry. As per Section 132 of the
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Reading Time: 2 minutesDetermination The Place of Supply Determination The Place of Supply is the most important aspect of the Goods and Services Tax system, one should know the proper place of supply before doing the taxation or issuing an Invoice under GST. We should determine the place of supply so that the proper treatment of GST can be done.in
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Reading Time: 2 minutesIn the appeal no ITA 162/KOL/2017   ITO vs. M/s. Dayamayee Marble & Granite, the  Income Tax Appellate Tribunal (ITAT) Kolkata Bench, cancelling the penalty held that the capital contributed in Cash Transaction by the partner in the partnership firm does not tantamount to loan or deposit within the meaning of section 269SS of the Income Tax Act,
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Reading Time: 2 minutesDue Date for Form GSTR3B April 2018 extended to 22.05.2018 Due Date Extension for GSTR3B, As the most of the taxpayers were suffering due to technical glitches of GST portal on Last days of filling for the Form GSTR3B, the government has extended the due date for the same  and issued a  Press Release on extension
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Reading Time: 10 minutesAppeals and Review Mechanism under GST Introduction: Appeals and Review Mechanism under GST Tax laws (or any law, for that matter) impose obligations. Such obligations are broadly of two kinds: tax-related and procedure-related. The taxpayer’s compliance with these obligations is verified by the tax officer (by various instruments such as scrutiny, audit, anti-evasion, etc.), as a
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Reading Time: 3 minutesTaxability of Tenancy Rights under GST Taxability of Tenancy Rights under GST, The Government of India has addressed the Issues related to Taxability of Tenancy Rights under GST- regarding doubts have been raised as to.- (i) Whether Transfer of Tenancy Rights to an incoming tenant. consideration of which is in form of tenancy premium Shall attract GST
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Reading Time: 11 minutesAdvance Ruling Mechanism in GST Advance Ruling Mechanism in GST, An advance ruling helps the applicant in planning his activities, which are liable for payment of GST, well in advance. It also brings certainty in determining the tax liability, as the ruling given by the Authority for Advance Ruling is binding on the applicant as
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Reading Time: 2 minutesNo Ewaybill List in Himachal [Authoritative English text of this Department Notification No. 12-4/78-EXN-Tax-14104 dated 1-May, 2018 as required under clause (3) Of article 348 of the Constitution of India.] Government Of Himachal Pradesh Excise and Taxation Department Notification  Dated: Shimla-171002,  the 1s May, 2018 No. 12-4/78-EXN-Tax- In exercise of the powers conferred by clause
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Reading Time: 2 minutesGST Revenue collection in April 2018 exceeds Rs. 1 Lakh Crore GST Revenue, The total Gross GST revenue collected in the month of April 2018 is Rs.1,03,458 crore of which CGST is Rs18,652 crore, SGST is Rs.25,704 crore, IGST is Rs. 50,548 crore (including 21,246 crore collected on imports) and Cess is Rs.8554 crore (including
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Reading Time: 2 minutesGST: CBIC Clarifies Issues regarding “Bill To Ship To” for e-Way Bill Bill To Ship To, The CBIC has clarified Issues regarding “Bill To Ship To” for e-Way Bill under GST System, Government says in a Press Release that A number of representations have been received seeking clarifications in relation to requirement of e-Way Bill for “Bill
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