News
CBIC notifies further extension of E-way bill blocking/un-blocking facility under Rule 138-E upto November 21
CBIC notifies extension in the facility of blocking and unblocking of e-way bill as per the provision of Rule 138E.....
Due date for GSTR-3B of July 2019 extended upto August 22
Due date for filing GSTR-3B for the month of July 2019 extended upto August 22, 2019; Notification to follow soon:.....
Eye Share: LTA IN GST – Need of the Hour for Ease of Doing Business
The dual administration under the GST regime was brought in, keeping in mind the federal structure of Indian Government. However,.....
Eye Share: Impact of Abrogation of Article 370 on GST
Undoubtedly, one of the most talked about and controversial decision of Modi Government has been the taking away of the special status.....
AIRs not required for calculation of Brand Rate of duty-drawback post GST, clarifies CBIC
CBIC issues clarification regarding applicability of Circular Nos. 83/2003 and 97/2003 dated November 14, 2003 to cases of Brand Rate.....
Eye Share: Mandatory Pre-deposit under Tax laws – SC buys time for the assessees
The concept of mandatory pre-deposit was introduced in Central Excise, Service Tax and Customs from August 2014 as a major.....
Eye Share: Relevance of ITC availment - utilization for ticking Interest Clock vis-a-vis Patna HC decision
Recent Patna HC decision in case of Commercial Steel Engineering Corporation [TS-553-HC-2019(PAT)-NT] which quashed proceedings initiated u/s 73 of Bihar GST Act, 2017.....
Finance Bill, 2019 receives Presidential assent
Finance (No. 2) Bill, 2019 receives Presidential assent on August 1st.....
Gross GST collection for July 2019 at Rs 1.02 cr, higher by 5.80% over July 2018
Govt. publishes gross GST revenue collection figures for the month of July, 2019, total collection at Rs.1,02,083 crore comprising of.....
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Govt. releases FAQs on Kerala Flood Cess, exempts supplies made in furtherance of business
Govt. releases FAQs on Kerala Flood Cess; Clarifies that, transaction between tax-payers in furtherance of business is exempted from levy.....
CBIC notifies reduction in tax rate on Electronic Vehicles and Chargers, exemption on Electric Buses hiring
CBIC notifies reduction in tax rate on Electronic vehicles (EVs) from 12% to 5% and on EV chargers from 18%.....
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CAG report highlights failure to roll-out simplified compliance regime, resolve system deficiencies
Comptroller and Auditor General of India (CAG) releases report on Indirect Taxes - GST for the year ended March 2018;.....
CBIC notifies extension of dates for filing GST CMP-02 and CMP-08
CBIC extends the last date for filing of intimation in FORM GST CMP-02 for availing the option of payment of tax by.....
Eye Share: Sabka Vishwas LDRS, 2019 – Sabke “Credit” Disputes?
Mr. Karan Talwar (Advocate) in his intriguing article throws light on the fundamental issue as to whether the LDRS applies to.....
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Eye Share: Legacy Dispute Resolution Scheme – Potential Issues
Much has already been written about the “opportunities” and “ambiguities” in Sabka Vishwas Legacy Dispute Resolution Scheme, 2019 (LDRS). As one keeps revisiting the.....
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Eye Share : Taxability of Reimbursements - from the Cinders to the Burning Fire Again!
Taxability of reimbursements has been a matter of debate since the Service tax regime. The questions revolving around the abatement from value eluded.....
Council extends due-date for furnishing intimation/statement by exclusive service-supplier & composition taxpayers
GST Council extends the last date for filing of intimation in FORM GST CMP-02 for availing the option of payment of.....
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Council reduces rates on EVs/ chargers; Exempts Electric Buses hiring by local authorities
The 36th Council Meeting chaired by FM Nirmala Sitharaman concludes; Approves proposal for rate cut on Electronic Vehicles (EVs) and.....
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Eye Share : Whether CENVAT Credit Reversals Under Rule 6(3) Applies to Abated Value in a Supply?
Recently, CBIC vide Circular No. 213/3/2019-ST dated July 5, 2019 clarified that reversal of CENVAT credit under Rule 6(3) of erstwhile CENVAT Credit Rules, 2004 (CCR) is not required in respect of catering.....
GST Council meet further postponed, to take place tomorrow
GST Council to meet tomorrow (i.e. July 27) at 10 am, says MoS Fin Anurag Thakur; Govt to discuss proposal to .....