News
Gross collection for Oct 2019 at Rs. 95,380 crore, a 5.29% YoY decline
Govt. records gross GST revenue collection figures for the month of October, 2019 at Rs. 95,380 crore comprising of CGST.....
Territorial jurisdiction of GST Commissioner in Jammu to include Union Territory of Jammu and Kashmir & Ladakh
CBIC notifies territorial jurisdiction for Principal Commissioner/ Commissioner of Central Tax of Jammu to be “Union territory of Jammu and.....
CBIC Chairman P.K. Das applies for VRS, Govt. decision awaited
CBIC Chairman P.K. Das learnt to have applied for VRS to join World Customs Organisation; Mr. Das applied for VRS.....
Maharashtra Govt's further guidelines on TRAN-1 credit verification, interest payable on excess credit 'availment'
Maharashtra Govt. issues clarification on verification of TRAN-1 credits prescribing further guidelines on issues such as allowing credit as per.....
Eye Share: Sale of Capital Goods under GST regime
The tax implications on sale of capital goods is one of the most baffling subjects since the introduction of GST......
Due date for CMP-08 for July-Sept extended upto October 22
CBIC extends last date to file Form CMP-08 by composition taxpayers for the quarter July to September upto October 22,.....
Eye Share: Unjustified Restrictions on Input Tax Credit - 'A Critical Analysis'
Recent Central Government Notification No. 49/2019-Central Tax dated October 9, 2019 seeks to restrict the availment of ITC to 20% of eligible.....
CBIC releases the copy of CGST Rules, 2017 as updated upto October 9, 2019
CBIC releases the copy of Central Goods & Services Tax Rules, 2017 as updated upto October 9, 2019.....
Eye Share: Always Young………
Mr. Prakash Sinha (CA) in his article delves into applicability of the mutuality doctrine examining Young Men’s Indian Association case enunciated.....
Eye Share: NAA decision in Lodha Developers put Builders in a spot
Recently, adjudicating on a complaint filed by a flat owner of project ‘Lodha Eternis’ in Mumbai, the National Anti-Profiteering Authority.....
Eye Share: Sabka Vishwas (Legacy Dispute Resolution) Scheme, 2019 - Significant features and Implementation
The Finance Minister of India, Ms. Nirmala Sitharaman during her maiden budget, presented on July 5, 2019 declared a scheme.....
CBIC’s clarification on taxability of leguminous veggies, mechanical sprayers, parts of solar-water heater etc.
CBIC clarifiers that dried leguminous vegetables which are subjected to mere heat treatment under HS code 0713 taxable at 5%.....
Clarification on scope of support services to exploration, mining or drilling of petroleum crude/ natural gas
CBIC issues clarification on scope of support services to exploration, mining or drilling of petroleum crude or natural gas or.....
Passenger Service Fee and User Development Fee, charged by airport operators, liable to GST
CBIC issues clarification on levy of GST on Airport levies, explains that Passenger Service Fee (PSF) and User Development Fee.....
Display of donor’s name in charitable organisation’s premises, not liable to GST
CBIC issues clarifications as to levy of GST on the display of name/placing of name plates of the donor in.....
“Maritime Institutions” qualify as “educational institutions”, Maritime Courses exempt from GST
CBIC issues clarifications as to applicability of GST exemption to the DG Shipping approved maritime courses conducted by Maritime Training.....
CBIC clarifies on scope of GST on supply of grant of alcoholic liquor licence
CBIC clarifies that the special dispensation i.e. grant of alcoholic liquor licence is neither a supply of goods nor a.....
CBIC specifies operative date for Explanation to Sr. No. 3(vi) inserted in Services Notification
CBIC clarifies that Explanation inserted u/s 11(3) of the CGST Act is effective from inception of the entry at Sl......
Clarification regarding taxability of lending of securities under Securities Lending Scheme, 1997
CBIC clarifies on taxability of supply of securities under Securities Lending Scheme, 1997 (SLS) by the lender thereby specifying that.....
CBIC’s clarification on scope of place of supply in case of software/design services related to Electronics Semi-conductor & Design Manufacturing industry
CBIC issues clarifications regarding determination of place of supply in case of software/design services related to Electronics Semi-conductor and Design.....