News

Scope of term ‘bus body building’ broadened for 'job-work services'
CBIC issues notification on scope of term ‘Bus body building’ for "Services by way of job work" in relation thereto;.....

CBIC clarifies on reduced GST rate applicable on job-work services
CBIC clarifies on scope of notification entry at item (id) under Heading 9988 of Notification No. 11/2017-Central Tax (Rate) dated.....

Eye Share: Constitutionality of Amendments Denying Transition of Credit on Cesses
The Government has always maintained that credit attributable to cesses (Education Cess, Secondary and Higher Education Cess and Krishi Kalyan.....

CBIC issues clarification regarding optional filing of annual return
CBIC issues clarification regarding optional filing of annual return under notification No. 47/2019-Central Tax for FY 2017-18 and 2018-19 for.....

CBIC lays down procedure for electronic submission/processing of refund applications
CBIC issues clarification on fully electronic refund process through FORM GST RFD-01 and single disbursement; Lays down the procedure for.....

Govt. issues advisory on blocking/un-blocking of e-way bill facility from next month
Govt. issues advisory in respect of blocking/un-blocking of E-Way Bill generation which shall be effective from next month (i.e. November 21,.....

CBIC prescribes due date extension for Annual Return for FY 18 & 19
CBIC issues Central Goods and Services Tax (Eighth Removal of Difficulties) Order, 2019 thereby specifying that annual return for the.....

No GST demanded on salaries to CEOs or employees, clarifies CBIC
CBIC clarifies that no GST has been demanded on salaries paid to CEOs or employees as salaries are not subject.....

CBIC notifies due-date extension for furnishing various returns by taxpayers in J&K
CBIC notifies the due-date extension for registered persons having principal place of business in the State of Jammu and Kashmir;.....

CBIC notifies amended CGST Rules simplifying the Annual Return/Reconciliation Statement
CBIC notifies the Central Goods and Services Tax (Seventh Amendment) Rules, 2019 pertaining to simplification of GSTR-9 (Annual Return) and.....

Govt. further extends due-date for GSTR-9 and 9C for FY 18 & 19
FinMin extends the due date for filing of GSTR-9C & GSTR-9 for FY 2017-18 to December 31, 2019 and for FY.....

Officers asked to study impact of slowdown on GST revenues, submit comprehensive report
Revenue Officers have been asked to study the impact of slowdown on GST collections, says Sushil Modi, Deputy CM Bihar.....

Govt. accepts CBIC Chairman P.K. Das' resignation, set to join World Customs Organisation
CBIC Chairman P.K. Das' resignation from service accepted; Mr. Das to join World Customs Organisation: CNBC TV18.....
.jpg)
Restriction on credit availment applicable on self-assessment basis, clarifies CBIC
CBIC issues clarification regarding the implementation of the newly inserted sub-Rule (4) to Rule 36 of the CGST Rules, which.....

Eye Share : Goods/services supplied by an Indian company to overseas branch - whether an export?
Export of goods/services across borders is an inevitable component of any business in today’s world. Moreover, it is a normal.....

Eye Share: ITC restriction of 20% vis-a-vis invoices not uploaded by suppliers - confusion galore
Recent CBIC Notification No. 49/2019 - Central Tax dated October 09, 2019 vide Rule 36(4) of CGST Rules, 2017, imposed a restriction on availment.....

Document Identification Number mandatory on all communications issued by CBIC officers to taxpayers
CBIC issues Circular on the procedure to be followed for electronic generation and mandatory quoting of Document identification Number (DIN).....

Eye Share: ITC Reversal on Capital Goods - Dilemma in the Law
The issues faced so far in GST regime have been majorly due to the ambiguities in the law and absence.....

Supplies to Government Departments /local authorities having GSTN, exempt from Kerala Flood Cess
SGST Department, Kerala clarifies that if the recipient of the goods or services are providing GST registration number, the supplier may not.....

Kerala Commissionerate takes action against return defaulters, directs cancellation of registration
SGST Department, Kerala directs cancellation of registration of all the defaulters who had failed to file returns, in order to.....