News
Eye Share: Analysis of WB AAAR order on Taxability of Preferential Location Charges
Recently, West Bengal Appellate Authority of Advance Rulings (AAAR) in case of Bengal Peerless Housing Development Company Limited [TS-771-AAAR-2019-NT] held that abatement.....
.jpg)
CBIC allows 20% ITC of invoices/debit-notes not reflected in GSTR-2A; extends TRAN-01/TRAN-02 due-dates
CBIC notifies amendments in CGST Rules with effect from October 09, 2019; Inserts new sub-rule 4 which lays down that.....
CBIC notifies due dates for GSTR-3B, GSTR-1 for Oct-Mar 2020
CBIC, pursuant to the recommendations of 37th Council, prescribes the due date for furnishing of return in FORM GSTR-3B for the.....
CBIC withdraws clarification issued on treatment of secondary or post-sales discounts
CBIC ab-initio withdraws Circular No. 105/24/2019-GST wherein certain clarifications were given in relation to various doubts related to treatment of.....
CBIC issues clarification regarding procedure for claiming refund subsequent to favourable order in appeal
CBIC issues clarifications regarding the procedure to claim refund in FORM GST RFD-01 subsequent to favourable order in appeal or.....
CBIC clarifies on re-filing of refund application in Form GST RFD-01A/RFD-01 where ‘NIL’ claim was opted inadvertently
CBIC issues clarification on eligibility for persons who opted for ‘NIL’ refund claim inadvertently while filing claim in Form GST.....
GST collections drop below 1 lakh cr for second consecutive month
Govt. records gross GST revenue collection figures for the month of September, 2019 at Rs. 91,916 crore comprising of CGST Rs. 16,630 crore, SGST Rs. 22,598.....
CBIC notifies rate reductions pursuant to 37th Council meeting
CBIC notifies GST rate reduction pursuant to decisions taken in the 37th meeting of GST Council held on September 20,.....
No E-way bill required for movement of goods within J&K upto Oct 20
J&K Govt. notifies that no E-way Bill is required to be generated to transport any class of goods of any.....
Payment 'order' instead of 'advice' for refunds, to be issued from September 24, notifies CBIC
CBIC notifies that provisions of Rule 10, 11, 12 and 26 of the CGST (Fourth Amendment) Rules, 2019 relating to issue of 'payment.....
Eye Share: Unintended Problems Caused by Relaxations in the Requirement to File Annual GST Returns
One of the significant announcement made by the GST Council in its 37th meeting held on September 20, 2019 was.....
Council recommends relaxation in annual return filing, ab-initio rescission of post-sale discount clarification
GST Council recommends relaxation in filing of annual returns for MSMEs for 2017-18 and FY 2018-19 stipulating, (i) waiver of.....
Copy of 3 PIB Releases on decisions taken at GST Council Meeting today
Copy of 3 PIB Releases on decisions taken at GST Council Meeting today.....
Council approves increase of tax-rate on caffeinated drinks, exempts imported defence goods
37th meeting of GST Council concludes today with a slew of measures announced with respect to rate rationalization in line.....
Council Meeting Update: Optional GSTR-9, 9A and 9C for small taxpayers, further simplification on cards
GST Council decides to make GSTR9, GSTR9A, GSTR9C, optional for taxpayers with turnover up to Rs 2 cr, for FY18.....
Fitment Committee rejects rate cut request for cars, biscuits but recommends 10% rate cut for hotels
GST Rate Fitment committee rejects the proposal of rate cut on motor vehicles, hybrid vehicles, auto spare parts & biscuits,.....
Council may consider relaxing due dates for New Simplified Returns
GST Council to deliberate on relaxing the dates for new simplified returns coming in action from January 2020; Last date.....
Eye Share: The Cacophony of GST Rates
The GST was implemented in India with a multiple tax rate structure consisting of 0%, 5%, 12%, 18% and 28%.....
Eye Share: Refund Under Inverted Duty Structure and Verdicts
Section 54(3) allows refund of un-utilised Input Tax Credit (ITC) under two circumstances i.e. Zero- rated supplies without payment of.....
Eye Share: A Paradox on Composite Supply v/s Mixed Supply Under GST
Under the GST regime, taxability of particular goods or services depends on whether the supply amounts to ‘supply’ as defined.....